Trafiksol ITS Technologies IPO Subscription Status

Trafiksol ITS Technologies' initial public offering (IPO) has garnered exceptional investor interest, with subscription rates soaring over the three-day period. Starting strongly on day one, the IPO witnessed a dramatic surge in demand, resulting in an impressive 140.24 times oversubscription by the close of day three. This remarkable response underscores the strong market appetite for Trafiksol ITS Technologies' shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 10th September 2024, has seen exponential growth in investor participation across all categories. The Retail and Non-Institutional Investors (NII) segments, in particular, have shown overwhelming demand, while the Qualified Institutional Buyers (QIB) category has also demonstrated interest on Day 3.

This enthusiastic response to Trafiksol ITS Technologies' IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the intelligent transportation systems and automation solutions sector. The company's comprehensive range of services and solutions has resonated strongly with investors looking for exposure to India's growing technology and infrastructure industries.

Subscription Status of Trafiksol ITS Technologies IPO for Days 1, 2, and 3:

On day 1, Trafiksol ITS Technologies IPO was subscribed 22.88 times. By the end of day 2, the subscription status had risen to 73.49 times; on day 3, it skyrocketed to 140.24 times.

Here are the subscription details for Trafiksol ITS Technologies IPO as of Day 3 (12th September 2024 at 12:25:09 PM):

Total Applications: 268,028

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range.
• ** The portion of anchor investors is not included in the total number of shares offered.
• *** Market Maker portion is not included in NII/HNI.

Key Highlights:

• The IPO of Trafiksol ITS Technologies is currently subscribed 140.24 times, with exceptional demand across investor categories.
• Retail investors have shown overwhelming interest, with a subscription ratio of 202.36 times.
• Non-Institutional Investors (NII) have demonstrated strong enthusiasm, with a subscription ratio of 180.65 times.
• Qualified Institutional Buyers (QIB) have shown interest, with a subscription ratio of 1.08 times.
• The overall subscription trend shows a dramatic increase day-on-day, indicating extremely high investor confidence and positive sentiment towards the issue.

Trafiksol ITS Technologies IPO - Day 2 Subscription at 73.49 Times

Key Highlights:

• On Day 2, Trafiksol ITS Technologies' IPO was subscribed 73.49 times, with strong demand from Retail Individual Investors (RII) and Non-Institutional Investors (NII).
• Retail investors showed increased interest with a subscription ratio of 116.29 times, more than tripling their subscription from the previous day.
• Non-Institutional Investors (NII) showed significantly increased interest with a subscription ratio of 71.49 times.
• The overall subscription trend indicated building momentum, with retail and NII categories showing substantial increased participation.

Trafiksol ITS Technologies IPO - Day 1 Subscription at 22.88 Times

Key Highlights:

• The IPO of Trafiksol ITS Technologies was subscribed 22.88 times on Day 1, with strong initial demand from Retail Individual Investors (RII) and Non-Institutional Investors (NII).
• Retail investors showed early interest with a subscription ratio of 36.72 times, indicating very positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed strong initial interest with a subscription ratio of 21.07 times.
• The strong first-day response laid a solid foundation for the remaining days of the IPO, with expectations of increased participation in the following days.

About Trafiksol ITS Technologies Ltd:

TrafikSol ITS Technologies Limited, founded in 2018, provides comprehensive intelligent transportation systems (ITS) and automation solutions, including software development, consulting, and delivery services.

Key features of Trafiksol ITS Technologies:

• Offers ready-made and customized software solutions, operating systems, business applications and computer games for all platforms
• Specialized EPC (Engineering, Procurement and Construction) company for projects in Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS), and Tunnel Management Systems
• Services include ATMS, TMS, Tunnel Management System, Highway lighting, Transmission and distribution services, Solar energy solutions, Speeding detection systems, Integrated Command and Control Centers (ICCC), and Defense services
• 104 permanent employees as of 31st March 2024

Highlights of the Trafiksol ITS Technologies IPO:

• IPO Date: 10th September 2024 to 12th September 2024
• Listing Date: 17th September 2024 (Tentative)
• Face Value: ₹10 per share
• Price Band: ₹66 to ₹70 per share
• Lot Size: 2000 Shares
• Total Issue Size: 6,410,000 shares (aggregating up to ₹44.87 Cr)
• Fresh Issue: 6,410,000 shares (aggregating up to ₹44.87 Cr)
• Issue Type: Book Built Issue IPO
• Listing At: BSE SME
• Book Running Lead Manager: Ekadrisht Capital Private Limited
• Registrar: Maashitla Securities Private Limited
• Market Maker: Ss Corporate Securities