Trafiksol ITS Technologies is scheduled to hit the market on September 10, 2024 and close on September 12, 2024. Trafiksol ITS Technologies plans to raise around ₹44.87 Cr through an IPO with a sale of up to 6,410,000 equity shares of ₹10 each.
TrafikSol ITS Technologies Limited started in 2018 and provides smart transportation systems and automation solutions. They offer both ready-made and customized software for different platforms, including software development, consulting, and ongoing support. The company focuses on understanding user needs to create tailored software solutions. They also work as an EPC (Engineering, Procurement, and Construction) company, handling projects like Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS), and Tunnel Management Systems.
Their services include traffic monitoring and optimization, toll collection systems, advanced sensor technologies for tunnels, energy-efficient highway lighting, solar energy solutions, and integrated command centers. TrafikSol is strong due to its flexible platform that meets various customer needs, a skilled management team, and good relationships with clients. They also have a diverse range of services and the ability to finance projects effectively. As of March 31, 2024, the company employed 104 permanent staff across different departments.
Trafiksol ITS Technologies IPO Details
Trafiksol ITS Technologies IPO opens on September 10, 2024, and closes on September 12, 2024. The Listing date for Trafiksol ITS Technologies IPO is on September 17, 2024. The price band for IPO is ₹66 to ₹70 per share and lot size of 2000 Shares.
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | September 17, 2024 |
| Price | ₹66 to ₹70 per share |
| Lot Size | 2000 Shares |
| Issue Size | ₹44.87 Cr |
| Face Value | ₹10 per share |
Trafiksol ITS Technologies IPO Tentative Timetable
Trafiksol ITS Technologies opening date is September 10, 2024 and close date is September 12, 2024. The IPO allotment date is September 13, 2024. Therefund initiation of IPO is on September 16, 2024. The credit of shares in demat account is on September 16, 2024. The listing date is on September 17, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 10, 2024 |
| IPO Closing | September 12, 2024 |
| IPO Allotment Date | September 13, 2024 |
| Refund Initiation | September 16, 2024 |
| Shares Credit to Demat | September 16, 2024 |
| Lisiting Date | September 17, 2024 |
Trafiksol ITS Technologies IPO Lot Size
Lot Size of this IPO is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹140,000).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 2000 | ₹140,000 |
| Retail(Maximum) | 1 | 2000 | ₹140,000 |
| S-HNI (Minimum) | 2 | 4000 | ₹280,000 |
Trafiksol ITS Technologies IPO Promoter Holding
| Pre Issue Share Holding | 60.71% |
| Post Issue Share Holding | 60.71% |
Trafiksol ITS Technologies IPO Review
The company is launching its first book-building IPO, offering 6,410,000 equity shares at a price of ₹10 each. The goal is to raise ₹44.87 crore at the highest price.
On the financial performance front, for the last three fiscals, the company has (on a consolidated basis) posted a total income/net profit of Rs.28.02 cr. / Rs. 2.05 cr. (FY22), Rs. 36.75 cr. / Rs. 4.78 cr. (FY23), and Rs. 66.09 cr. / Rs. 12.09 cr. (FY24). Its financial performance so far indicates the likely trends ahead.
For the last three fiscals, the company has reported an average EPS of Rs. 4.47 and an average RoNW of 35.58%. The issue is priced at a P/BV of 3.66 based on its NAV of Rs. 19.11 as of March 31, 2024, and at a P/BV of 2.16 based on its post-IPO NAV of Rs. 32.46 per share (at the upper cap).
If we attribute FY24 earnings on post-IPO fully diluted equity capital, then the asking price is at a P/E of 14.08. The issue relatively appears reasonably priced.
For the reported periods, the company has posted PAT margins of 7.35% (FY22), 13.17% (FY23), 18.38% (FY24), and RoCE margins of 21.08%, 30.71%, 26.23% respectively for the referred periods.
The company offers complete solutions for smart transportation systems and automation, along with related IT services. Its performance over the last three financial years shows possible trends for the future. Based on the earnings for FY24, the stock seems fairly priced. Investors can consider investing for the medium to long term.
Trafiksol ITS Technologies IPO Subscription Status (Bidding Details)
Table not foundTrafiksol ITS Technologies IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Trafiksol ITS Technologies IPO FAQs
What is Trafiksol ITS Technologies IPO?
Trafiksol ITS Technologies is issuing 6,410,000 equity shares with a face value of ₹10 each, totaling up to ₹44.87 Cr. The shares are being offered at a price of ₹66 to ₹70 each, with a minimum order quantity of 2000 shares.
Maashitla Securities Private Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Trafiksol ITS Technologies IPO will open?
Trafiksol ITS Technologies will open on September 10, 2024 for QIB, NII, and Retail Investors.
When Trafiksol ITS Technologies IPO will end?
Trafiksol ITS Technologies will end on September 12, 2024.
What is Trafiksol ITS Technologies IPO Size?
Trafiksol ITS Technologies IPO size is ₹44.87 Cr.
What is Trafiksol ITS Technologies IPO Price Band?
Trafiksol ITS Technologies price band is ₹66 to ₹70 per share.
What is Trafiksol ITS Technologies IPO Allotment Date?
Trafiksol ITS Technologies allotment date is September 13, 2024.
What is Trafiksol ITS Technologies IPO Listing Date?
Trafiksol ITS Technologies listing date is September 17, 2024. The IPO is to be listed on BSE and NSE.
How to Trafiksol ITS Technologies IPO through Zerodha?
To apply for the IPO “Trafiksol ITS Technologies” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Trafiksol ITS Technologies IPO through Upstox?
To apply for the IPO “Trafiksol ITS Technologies” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Trafiksol ITS Technologies IPO Allotment Status?
For Trafiksol ITS Technologies IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Trafiksol ITS Technologies IPO GMP?
You can check out here: Trafiksol ITS Technologies IPO GMP. Check all IPO GMP here.