Tracxn Technologies: How good is it?

In our previous coverage of Tracxn Technologies IPO, we highlighted the key IPO details. In this installment, we take a comprehensive look at some of the key parameters pertaining to management, financials and valuations. IPO questions The company/business 1) Are the company's earnings before tax more than Rs 50 crore in the last 12 months? No. Tracxn Technologies reported a trailing 12 months loss before tax of Rs 3.3 crore as of June 2022. 2) Will Tracxn Technologies be able to scale up its business? Yes. With the need for private market data growing and the number of PE and VC firms on the rise, Tracxn should see significant growth. 3) Does Tracxn Technologies have recognisable brands truly valued by its customers? Yes. Tracxn's superior service quality has enhanced its brand awareness. Its high repeat usage also indicates a healthy brand value. 4) Does Tracxn Technologies have high repeat customer usage? Yes, 23 per cent of its clients have availed of its services for more than three years. 5) Does the company have a credible moat? No. As there are other bigger players with better infrastructure, it does not have a strong moat. 6) Is the company sufficiently robust to major regulatory or geopolitical risks? Yes. As Tracxn does not operate in a highly regulated environment, it is insulated from such risks. 7) Is the busi