Schedule of Trafiksol ITS Technologies
| Issue open date | 10 Sep 2024 |
| Issue close date | 12 Sep 2024 |
| UPI mandate deadline | 12 Sep 2024 (5 PM) |
| Allotment finalization | 13 Sep 2024 |
| Refund initiation | 16 Sep 2024 |
| Share credit | 16 Sep 2024 |
| Listing date | 17 Sep 2024 |
| Mandate end date | 27 Sep 2024 |
| Lock-in end date for anchor investors (50%) | 13 Oct 2024 |
| Lock-in end date for anchor investors (remaining) | 12 Dec 2024 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Trafiksol ITS Technologies
Founded in 2018, the company provides comprehensive intelligent transportation systems (ITS) and automation solutions, including software development, consulting, and delivery services. Specializing in Engineering, Procurement, and Construction (EPC) services, the company works in areas like Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS), Tunnel Management Systems (TNMS), and defence services. It provides advanced sensor technologies, traffic monitoring, toll collection systems, and command and control centres to improve safety, sustainability, and efficiency in transportation. The company also offers reliable solutions for defence, including supply chain support, maritime services, and ground-based maintenance.
Financials of Trafiksol ITS Technologies
Issue size
| Funds Raised in the IPO | Amount |
| Overall | ₹44.87 crores |
| Fresh Issue | ₹44.87 crores |
| Offer for sale | – |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase of Software | 17.70 (39.45%) |
| Debt reduction | 5.50 (12.46%) |
| Working capital requirements | 10.40 (23.18%) |
| General corporate purposes | 11.27 (25.11%) |
Strengths
- Platform designed for flexible deployment across cloud, on-premises, and hybrid models, ensuring seamless integration and compliance with regulatory requirements.
- Diversified service portfolio, offering comprehensive solutions and mitigating market risks.
- In-house capabilities for project activities reduce costs and reliance on subcontractors.
- Strategic geographic expansion to grow client base and capture new market opportunities.
Risks
- Reliance on government-funded projects makes the company vulnerable to policy changes and budget cuts, which could lead to contract cancellations or restructuring.
- The company’s success depends on developing new products and services. Failure to keep up with technological changes or market demands could hurt business performance.
- Delays due to unforeseen challenges like site issues or labour shortages could increase costs and affect project outcomes.
- Risks related to data breaches and IT system failures could lead to financial losses and damage the company’s reputation.
- The company has availed unsecured loans that are recallable by lenders at any time, potentially straining cash flows if repayment is demanded suddenly.