JSA advised IIFL Securities Limited, the book running lead manager to the initial public offering of equity shares by Tracxn Technologies Limited (“Tracxn”) (“IPO”) comprising an offer for sale of INR 3,093.77 million, at a price of INR 80.00 per equity share.
Tracxn is amongst the leading global market intelligence providers for private company data and ranks among the top five players globally in terms of number of companies profiled offering data of private market companies across sectors and geographies (Source: F&S Report). It has been recognized by Forbes as among the “Top 100 Analytics Startups” and by Business Today as one of the “Coolest Startups of India”.
Tracxn’s operations have been supported by investments from prominent angel investors such as Ratan Tata, the NRJN Family Trust, Neeraj Arora, Sachin Bansal, Binny Bansal, Amit Ranjan, Girish Mathrubootham, Anand Rajaraman, Amit Singhal and Ashish Gupta. It has also received investments from Elevation Capital, Accel Partners, Sequoia Capital, Prime Venture Partners, and KB Investments.
JSA Transaction Team Comprised Lead Partner – Arka Mookerjee, Partner – Siddhartha Desai, Senior Associate – Krupa Brahmbhatt, Associate – Sourav Modi, Associate – Akash Joshi, and Associate – Varshini Puni.
Akash practices primarily in the area of capital markets and securities. He has advised clients on best possible drafting strategies for offer documents meant for initial public offers and qualified institutions placement.