Trafiksol ITS Technologies Limited is launching an IPO with a fresh issue of 64,10,000 shares worth INR 44.87 crores. The company aims to purchase software, repay borrowings, and meet working capital needs for general purposes. 

Trafiksol ITS Technologies IPO – Important Dates 

Read more Trafiksol ITS Technologies IPO GMP

Trafiksol ITS Technologies Limited IPO – Company Profile 

TrafikSol ITS Technologies Limited specializes in designing, managing, and integrating Intelligent Transportation Systems (ITS) for roads and tunnels. It provides secure, resilient, and scalable solutions tailored to India’s road infrastructure, tunnel management, and urban environments. 

The company specializes in EPC projects for Advanced Traffic, Toll, and Tunnel Management Systems, offering turnkey infrastructure solutions to enhance transportation efficiency, safety, and revenue collection across significant highway corridors in India. 

Specializing in toll management systems, the company designs and implements toll plazas, ETC gantries, and back-office systems. It also offers advanced defence solutions, enhancing operational efficiency and mission success. 

Trafiksol ITS Technologies Ltd IPO Fundamental Analysis 

Trafiksol ITS Technologies Limited’s financial analysis reveals a mixed performance. Revenue has steadily increased, with improved profitability, higher EPS, stronger RoNW, increased assets, reduced debt reliance, slower inventory turnover, and potential liquidity challenges. 

• Revenue Trend: The revenue increased from ₹2,791.21 lakhs in March 2022 to ₹3,629.59 lakhs in March 2023. The revenue for the current year’s 12-month period ending March 2024 is INR 6,581.12 lakhs. 
• Equity and Liabilities: Both equity and liability have shown a consistent increase over the periods, reflecting potential growth and expansion. However, the debt-equity ratio has decreased, indicating reduced reliance on debt financing. 
• Profitability: The profit after tax (PAT) has significantly increased from ₹205.19 lakhs in March 2022 to ₹1,209.30 lakhs by March 2024. This improvement in profitability could be a source of confidence among investors. 
• Earnings per Share (EPS): The diluted EPS has risen from ₹1.15 in March 2022 to ₹6.77 by March 2024, reflecting higher earnings per share for investors. 
• Return on Net Worth (RoNW): The RoNW has risen from 28.07% to 35.44%, indicating an increase in the company’s ability to generate returns on shareholder equity. 
• Financial Position: Total assets have increased, suggesting potential business growth. However, the current ratio has increased, indicating strengthening liquidity and potential challenges in meeting short-term obligations. 
• Inventory Turnover Ratio: There’s a significant decrease in the Inventory Turnover   Ratio, which might suggest slower sales or inefficient inventory management. 

Trafiksol ITS Technologies IPO Financial Analysis 

Trafiksol ITS Technologies Limited IPO Peer Comparison 

There are no listed peers, as identified by Trafiksol ITS Technologies Limited based on a similar line of business with their company; therefore, they are not providing any peer company details with the size of their company. 

Trafiksol ITS Technologies Ltd IPO Objective 

The main objective of Trafiksol ITS Technologies Limited is to purchase software, repay borrowings, and meet working capital requirements. 

1. Purchase of Software: The company intends to use INR 17.70 crores to purchase an Integrated Software Control Centre (ICCC) from OASIS CORPCARE PRIVATE LIMITED, which will enhance smart city operations with real-time monitoring, data analytics, and coordinated responses. 

2. Repayment/prepayment, in part or whole, of certain of the borrowings: The company plans to utilize INR 5.50 crores from the net proceeds to repay or prepay borrowings, aiming to reduce outstanding debt, lower debt servicing costs, and improve the debt-equity ratio for business growth and expansion. 

3. To Meet Working Capital Requirements: The company aims to utilize INR 10.40 crores from the net proceeds to meet incremental working capital needs for upcoming projects, enhancing profitability and achieving business targets, with additional funding from internal accruals or borrowings. 

4. General Corporate Purposes: The company will deploy the balance of funds for general corporate purposes, including land acquisition, hiring resources, strategic alliances, growth opportunities, debt servicing, capital expenditure, working capital, and other business needs and contingencies. 

Trafiksol ITS Technologies IPO Risks And Challenges 

Trafiksol ITS Technologies Limited’s risk includes potential increased expenses from litigation, future compliance penalties that could affect financials, and the possibility of operational and reputational impacts from past director disqualification or future non-compliance issues. 

• The company may face increased expenses and liabilities due to ongoing litigation, changes in law, or new claims. They cannot guarantee favourable outcomes or immunity from future legal actions by various parties or authorities. 

• They have previously faced penalties for late tax payments and filing delays. While they have addressed past issues, ongoing compliance challenges could lead to further penalties, impacting their financials, cash flows, and reputation. 

• One of their directors, Mr. Jitendra Narayan Das, was disqualified due to non-filing issues, though these have been resolved. Future non-compliance or disqualification could negatively impact the company’s operations, reputation, and financial position. 

Trafiksol ITS Technologies Ltd IPO – Industry & Market Potential 

India’s road network, the second largest globally, spans 6.7 million km and handles 64.5% of goods and 90% of passenger traffic. Major projects like Bharatmala Pariyojana aim to expand and upgrade roads, attracting significant private and foreign investment. 

National highway construction in India grew at a 5.3% CAGR from FY14 to FY23. Despite challenges, 10,331 km of highways were constructed in FY23. The government allocated Rs. 2.78 lakh crore for FY 24 to 25, with significant ongoing projects and PPP investments. 

The Interim Budget 2024 to 25 increased infrastructure capital investment by 11.1% to Rs. 11.11 lakh crore. The National Infrastructure Pipeline now includes 9,142 projects, with significant investments in transportation, airports, and metro networks, driving growth in logistics and infrastructure. 

Trafiksol ITS Technologies Limited IPO – Type of Offer 

Trafiksol ITS Technologies Limited is launching an IPO with a fresh issue of 64,10,000 shares worth INR 44.87 crores. The company aims to purchase software, repay borrowings, and meet working capital needs for general purposes. 

Trafiksol ITS Technologies IPO Offer Size 

The offer size of Trafiksol ITS Technologies Limited is INR 44.87 crores, consisting of a fresh issue of 64,10,000 shares. The company seeks funds to purchase software, repay borrowings, and meet working capital needs for general purposes.  

Trafiksol ITS Technologies Limited IPO Allotment Structure 

Trafiksol ITS Technologies Limited’s allocation will be as follows: 50% for Qualified Institutional Buyers (QIB), 15% for Non-Institutional Investors (NII), and 35% for Retail Individual Investors (RII) according to SEBI regulations. 322,000 shares are reserved for market makers. 

● Qualified Institutional Buyers (QIB): As per SEBI regulations, 50% of the shares offered through the IPO will be reserved for Qualified Institutional Buyers. These include entities such as banks, mutual funds, and insurance companies.

● Non-Institutional Investors (NII): 15% of the shares will be reserved for Non-Institutional Investors. These typically include corporate bodies or individuals investing more than Rs.2 lakhs.

● Retail Individual Investors (RII): The remaining 35% of the shares will be allotted to Retail Individual Investors. These individual investors apply for shares with a total value of less than Rs.2 lakhs. 

● Market Maker Reservation: A portion of shares, i.e. 322,000 shares, are reserved for market makers. 

Read more Trafiksol ITS Technologies IPO Allotment Status

How to apply for Trafiksol ITS Technologies IPO?

To apply for the Trafiksol ITS Technologies Limited IPO through Alice Blue, follow these steps:

Open a Demat and Trading Account: If you don’t have one already, you must open a Demat and trading account with Alice Blue.

1. Check for IPO Details: Once your account is active, you can check for the Trafiksol ITS Technologies Limited IPO details in the IPO section of the Alice Blue platform.
2. Place the Bid: Enter the number of shares you wish to buy and place your bid within the IPO’s price band.
3. Submit the Application: Confirm all your details and submit your application.

 You can apply for the Trafiksol ITS Technologies Limited IPO at Alice Blue in just a few clicks!

Check Allotment Status: After the allotment process, you can check the allotment status to see if you have received any shares.

Please note that the allotment of shares is not guaranteed and will depend on the demand for the IPO.

How do you check Trafiksol ITS Technologies IPO Allotment Status?

Checking the allotment status of an IPO in Alice Blue is usually straightforward. Please follow these general steps:

1. Log in to your Alice Blue Account: You can do this through the Alice Blue website or the trading app.
2. Navigate to the Portfolio or IPO Section: This might differ based on the layout of Alice Blue’s platform, but generally, you can find the status of your IPO application under the ‘Portfolio’ or ‘IPO’ section.
3. Find the IPO Allotment Status: Look for a sub-section called ‘IPO Allotment Status’ or something similar. This is where you can see the status of the IPOs you have applied for.
4. Select the Trafiksol ITS Technologies Limited IPO: If you have applied for multiple IPOs, there might be a dropdown menu or a list where you can select the IPO you are interested in. Select the Trafiksol ITS Technologies Limited IPO.
5. Check the Status: The status of your application should be displayed here. If the shares have been allocated to you, it would be mentioned here.

 If you face any issues, we request you to reach out to our customer support team at Alice Blue for detailed assistance. 

 Apart from Alice Blue, there are other ways to check the allotment status of the Trafiksol ITS Technologies Limited IPO:

● Registrar’s Website: Visit the website of Maashitla Securities Private Limited, the registrar of the Trafiksol ITS Technologies Limited IPO. On the homepage, look for the ‘IPO Allotment Status’ option. You must enter your PAN, application, or Demat account number to check your allotment status. Click on the ‘Submit’ button to view your IPO allotment status.

● BSE SME: You can also check the allotment status on the official websites of the Bombay Stock Exchange (BSE) Small Medium Exchange (SME). You would need your application number and PAN to check the status. 

Please note that the allotment status will only be available after completing the allotment process, a few days after the IPO window closes.

Trafiksol ITS Technologies Ltd IPO Offer Registrar

The registrar for the Trafiksol ITS Technologies Limited IPO is Maashitla Securities Private Limited. They are responsible for ensuring the IPO allotment and refund processes are carried out smoothly.

Contact information for the registrar: 

MAASHITLA SECURITIES PRIVATE LIMITED

451, Krishna Apra Business Square, Netaji Subhash Place,

Pitampura, Delhi 110 034, India.

Telephone: 011 – 4512 1795

Email: [email protected]

Website: www.maashitla.com

Trafiksol ITS Technologies IPO – FAQs 

1. What is the allotment date of the Trafiksol ITS Technologies IPO? 

The allotment date of the Trafiksol ITS Technologies Limited IPO is September 13, 2024. 

2. What is the price band of the Trafiksol ITS Technologies IPO? 

The price band of the issue is INR 66-70 per share. 

3. What is the size of the Trafiksol ITS Technologies IPO? 

The offer size of Trafiksol ITS Technologies Limited is INR 44.87 crores, consisting of a fresh issue of 64,10,000 shares. The company seeks funds to purchase software, repay borrowings, and meet working capital needs for general purposes. 

4. What is the listing date of the Trafiksol ITS Technologies IPO? 

The listing date of Trafiksol ITS Technologies Limited’s IPO is September 17, 2024.