Trafiksol ITS Technologies Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 10, 2024 to September 12, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 66 to ₹ 70 per share |
| Lot Size | 2,000 Shares |
| Total Issue Size | 64,10,000 shares (aggregating up to ₹ 44.87 Cr) |
| Fresh Issue | 64,10,000 shares (aggregating up to ₹ 44.87 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE SME |
| Shareholding pre issue | 1,79,25,000 |
| Share holding post issue | 2,43,35,000 |
| Market Maker portion | 3,22,000 shares |
| Book Running Lead Manager | Ekadrisht Capital Private Limited |
| Registrar | Maashitla Securities Private Limited |
| Market Maker | Ss Corporate Securities |
About Trafiksol ITS Technologies Limited IPO And Its GMP
TrafikSol ITS Technologies Limited has garnered a robust standing for providing top-tier industrial services to clientele throughout India. The company distinguishes itself by adeptly harmonizing business strategies with personnel and procedures, thereby guaranteeing that clients' strategic planning and execution yield favourable outcomes for their organizations.
With an extensive array of consulting and design offerings, the company specializes in designing, administering and incorporating Intelligent Transportation Systems (ITS) for roads and tunnels. Its solutions are characterized by their security, resilience and scalability, custom-crafted to precisely match clients' distinct requirements in the domains of road infrastructure, tunnel management and urban environments.
Key Parties Involved:
- Book Running Lead Manager: Ekadrisht Capital Private Limited
- Registrar: Maashitla Securities Private Limited
- Market Maker: Ss Corporate Securities
Trafiksol ITS Technologies IPO Anchor Investors Details
| Bid Date | September 9, 2024 |
| Shares Offered | 1,822,000 |
| Anchor Portion Size (In Cr.) | 12.75 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 13, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 12, 2024 |
TrafikSol ITS Technologies Limited was founded in 2018 and provides comprehensive intelligent transportation systems (ITS) and automation solutions, including software development, consulting and delivery services. The company focuses on analyzing user needs and problems to deliver customized software solutions, including tailor-made software and ongoing maintenance. Trafiksol is a specialized EPC (Engineering, Procurement and Construction) company that carries out a variety of projects in areas such as Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS) and Tunnel Management Systems.
- The company's list of services and solutions includes:
- 1. Advanced Traffic Management System (ATMS): Traffic monitoring and control, data processing and analysis, traffic control and optimization, incident management, integrated communication and coordination, travel information services, etc.
- 2. Toll management system (TMS): Toll collection devices, electronic toll collection (ETC), manual toll collection, operation of toll stations, etc.
- 3. Tunnel Management System (TNMS): Advanced sensor technologies and monitoring systems, emergency response, ventilation control systems to control airflow and smoke control in case of fire, etc.
- 4. Highway lighting: Introduction of energy-efficient LED lighting solutions to improve safety and sustainability on highways. 5. Transmission and distribution services.
- 6. Solar energy solutions: Offering end-to-end services for all aspects of solar projects.
- 7. Speeding detection systems.
- 8. Integrated Command and Control Centers (ICCC)
- 9. Defense services: Supply of aircraft spare parts, maritime support services and ground-based maintenance services.
Objectives of Trafiksol ITS Technologies IPO
The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objectives:
- 1. Purchase of Software.
- 2. Repayment/prepayment, in part or full, of certain borrowings.
- 3. To Meet Working Capital Requirements.
- 4. General Corporate Purpose.
Trafiksol ITS Technologies IPO Review
The company is engaged in providing comprehensive solutions for intelligent transportation systems and automation, along with related IT developments. Its performance over the last three fiscal years indicates the likely trends ahead. Based on FY24 earnings, the issue appears reasonably priced. Investors may park funds for the medium to long term.
Trafiksol ITS Technologies Limited IPO And Its GMP Financial Information
Latest Revenue
6,608.5
₹ Crore
Profit After Tax
1,209.3
₹ Crore
Net Worth
3,412.62
₹ Crore
Total Borrowing
1,050.24
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 6,215.52 | 6,608.5 | 1,209.3 | 3,412.62 | 1,050.24 | ||||
| 31 Mar 2023 | 3,363.17 | 3,675 | 477.85 | 1,208.79 | 798.7 | ||||
| 31 Mar 2022 | 2,284.01 | 2,801.92 | 205.19 | 730.94 | 506.42 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹70 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹85 and a lot size of 2000 shares.
Trafiksol ITS Technologies Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-16 | ₹70 | ₹85.0 (121%) | 2024-09-16 |
Trafiksol ITS Technologies Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 52.12% |
| ROCE | 42.47% |
| Debt/Equity | 0.31 |
| RoNW | 35.44% |
| PAT Margin (%) | 18.38 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.75 | 4.97 |
| P/E (x) | 10.38 | 14.09 |
Frequently Asked Questions
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Competitive Strengths
Mission-independent: The company's platform has been designed to meet different customer requirements, ensuring flexibility and agility at every stage.
Experienced promoters and management team: Led by a skilled and experienced management team with the expertise and vision to lead and grow our business and promote our sustainability goals.
Established relationships with the customer base and expanded customer network through geographic expansion.
Integrated structure with internal capacity to carry out most activities related to the projects, including expertise in traffic studies and revenue forecasting.
Ability to financially close projects: The company's ability to financially close its projects is evidenced by the number of projects completed in recent years.
A diversified portfolio of services offered: The company stands out from the market with its diversified portfolio of services, offering comprehensive solutions tailored to the changing needs of customers.
Trafiksol ITS Technologies Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Tuesday, September 10, 2024 |
| IPO Close Date | Thursday, September 12, 2024 |
| Basis of Allotment | Friday, September 13, 2024 |
| Initiation of Refunds | Monday, September 16, 2024 |
| Credit of Shares to Demat | Monday, September 16, 2024 |
| Listing Date | Tuesday, September 17, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 12, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹140,000 |
| Retail (Max) | 1 | 2000 | ₹140,000 |
| HNI (Min) | 2 | 4,000 | ₹280,000 |