Trafiksol ITS Technologies IPO: If you are thinking of betting on an IPO, then this may be useful news for you. From next week, another company’s IPO may open for investment. This issue is of Trafficsol ITS Technologies. The company’s IPO will open for investment on September 10 and will close on September 13. Its price band has been fixed at Rs 70. Let us tell you that Trafficsol ITS is a book built issue. The company will raise about ₹ 44.87 crore through IPO, which includes a fresh issue of ₹ 44.87 crore.
Gray market is booming right now
Let us tell you that this IPO is getting a strong response in the gray market. The company’s shares are already available in the gray market at a premium of Rs 80. That is, this share can potentially be listed at Rs 150. This means that investors can make a profit of up to 115% on the very first day. Let us tell you that the possible listing date of the company’s shares is September 17. The promoters of the company are Jitendra Narayan Das and Poonam Das.
what is the detail
Trafficsol is one of the leading companies solving the most complex traffic challenges with a focus on traffic safety through innovative technologies, solutions and sustainable products. It is committed to reducing real-time risks by providing timely warnings to users to prevent serious injuries and accidents and also working to reduce accident risks using better design applications, standards and guidelines. The company recorded a revenue of ₹ 66.09 crores in 2024 as against ₹ 36.75 crores in 2023. The company recorded a profit of ₹ 12.09 crores in 2024 as against a profit of ₹ 4.78 crores in 2023.
