The Bengaluru-based Tracxn Technologies is selling its shares in the range of Rs 75-80 apiece and the issue is entirely an offer for sale (OFS) of up to 38,672,208 equity shares by the promoters and existing shareholders of the company. Founded in 2013, Tracxn Technologies has an asset-light business model. The company said it has raised Rs 139.22 crore from anchor investors.
AU Small Finance Bank Q2 profit jumps 53% to Rs 858 crore
AU’s gross non-performing assets ratio fell 42 basis points (bps) to 1.99% at the end of September. This helped in 25% lower provision at Rs