The initial public offering (IPO) of Trafiksol ITS Technologies Ltd. is witnessing tremendous demand, with the IPO being subscribed nearly 60 times as of the second day of bidding. This surge in investor interest highlights the high confidence in the company’s growth potential. On the first day of bidding, the IPO had already garnered 22.88 times subscription, driven largely by retail investors.
The SME IPO consists of a fresh issue of 64.1 lakh shares, amounting to ₹44.87 crore. The price band for the offering has been set between ₹66 and ₹70 per equity share. Investors can bid for a minimum of 2,000 shares, making the minimum investment for retail investors ₹1.4 lakh. High-net-worth individuals (HNIs) are required to apply for at least two lots, with a minimum application size of ₹2.8 lakh.
Key Highlights:
- Subscription: Nearly 60 times as of Day 2
- IPO Size: ₹44.87 crore (Fresh issue of 64.1 lakh shares)
- Price Band: ₹66 to ₹70 per equity share
- Minimum Investment: ₹1.4 lakh (Retail Investors)
- Subscription Period: Closes on September 12
- Tentative Allotment Date: September 13
- Expected Listing Date: September 17
Additionally, Trafiksol’s office in Noida has caught the attention of investors and industry insiders. The state-of-the-art setup reflects the company’s focus on innovation and growth, further boosting investor confidence in its future prospects.
The IPO is expected to close on September 12, and the allotment of shares will likely be finalized on September 13, with a tentative listing date of September 17. The excitement surrounding Trafiksol’s offering has made it one of the most talked-about IPOs in recent times.
