Trafiksol ITS Technologies IPO: Review, Valuation, Date & GMP

Trafiksol ITS Technologies IPO-Complete Overview

SEBI canceled this IPO on 02 December 2024 and the company has been directed to refund the amount of Investors raised via issue. Read the SEBI's full cancellation order in our blog Trafiksol ITS IPO canceled by SEBI.

Trafiksol ITS Technologies IPO an SME IPO is a book built issue of Rs.44.87 crore by Trafiksol ITS Technologies Ltd. which was founded in 2018 and offers complete automation solutions and intelligent transportation systems (ITS), including software development, consultancy, and delivery services.

The company provides operating systems, business applications, computer games for all platforms, and pre-made and bespoke software solutions. To provide specialized software solutions, including custom software and continuing maintenance, the company focuses on assessing user demands and difficulties.

Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS), and Tunnel Management Systems are just a few of the projects that Trafiksol, a specialized EPC (Engineering, Procurement, and Construction) business, works on.

The services and solutions offered by the company consist of:

• Advanced Traffic Management System (ATMS): Traffic monitoring and control, data processing and analysis, traffic optimization, incident management, integrated communication and coordination, travel information services, etc.

• Toll Management System (TMS): Toll-collecting devices, electronic toll collection (ETC), manual toll collection, toll station operations, and other related aspects.

• Tunnel Management System (TNMS): Advanced sensor technologies and monitoring systems, emergency response, and ventilation control systems to regulate airflow and smoke management in the event of a fire.

• Energy-efficient LED lighting solutions are being introduced for highways to increase sustainability and safety

• Services for distribution and transmission

• Providing end-to-end services for all facets of solar projects: solar energy solutions

• Systems that detect speeding

• Centers for Integrated Command and Control (ICCC)

• Defense services include ground-based maintenance, marine assistance, and the provision of aircraft replacement parts.

This new SME IPO  is to be launched on 10 September 2024, and its ‘initial public offering’ will end on 12 September 2024.

Trafiksol ITS Technologies IPO Overview

The Rs.44.87 crore Trafiksol ITS Technologies Ltd. IPO consists of an entirely fresh issue of 64.1 lac Shares.

This SME IPO  date is from September 10-September 12, 2024. The expected IPO listing date is Tuesday, September 17, 2024, on BSE and SME. Trafiksol ITS Technologies IPO price band is Rs.66 to Rs.70 for each Share.

If You want to apply for the IPO, Click Here to Open a Demat Account.

 

Company Financial

The company’s revenue grew by 80% and PAT increased by 153% for FYs between 31 March 2024 and 31 March 2023. Below is the synopsis of the company's financial data for the period that concluded 31 March 2024.

• The total assets of the company are Rs.6,215.52 lac.

• The total revenue of the company is Rs.6,608.5 lac.

• The company’s PAT is Rs.1,209.3 lac.

• The net worth of the company is Rs.3,412.62 lac.

• The company’s EBITDA is Rs.1,778.35 lac.

(Amount in lac)

 

Revenue Bifurcation

The revenue bifurcation for various activities is shown below:

(Amount in lac)

 

Segment-wise Revenue Breakdown During The Last Three Fiscals 

(Amount in lac)

 

Geography-wise Revenue Breakdown During The Last Three Fiscals 

(Amount in lac)

 

 

 

The Objective of The Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• Meeting working capital needs

• Software acquisition

• Partial or complete repayment of certain loans

• General corporate purposes.

Peers of Trafiksol ITS Technologies Ltd. 

There are no listed companies in India engaged in the same business of comparable size.

Evaluation

Trafiksol ITS Technologies IPO Price is Rs.66 to Rs.70 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs.6.77 from the last year, the resulting P/E ratio is 10.33x.

Considering the weighted EPS of Rs.4.47 for the last three years, the P/E ratio is 15.66x.Comparative Analysis With Listed Peers

No listed companies. So it is not possible to provide industry comparison.

IPO's Strengths 

• Agnostic in deployment

• A management team and promoters with experience

• Developed connections with the clientele

• Developing into a professional association

• Growing our customer base through geographic expansion

• Integrated structure with internal resources to handle the majority of project-related tasks, such as knowledge of traffic studies and revenue forecasting

• Capacity to complete projects financially

• A varied range of services provided.

 

IPO’s Weaknesses

• Almost all of its revenue comes from contracts with a small number of Government entities. The business is heavily dependent on road projects in India that are conducted or awarded by Governmental bodies and other entities supported by the Government of India or State Governments.

• Systems are susceptible to disturbances, assaults, and unauthorized access. Any of the aforementioned could result in losses or liabilities that have a materially negative impact on its business.

• Serious problems with its IT infrastructure or security lapses could harm the company.

• Project viability may be impacted by cost increases and schedule delays brought on by unanticipated difficulties like labor shortages, site circumstances, or procurement problems.

• The company had a negative cash flow from its operating and investing activities in the past FYs, and sustained negative cash flow could impact its growth and business.

Trafiksol ITS Technologies IPO GMP Today

Trafiksol ITS Technologies IPO GMP is Rs.80 as of 07 September 2024.

 

IPO Timetable (Tentative)

The Trafiksol ITS Technologies date is from September 10 to September 12, 2024, with allotment on September 13, refund initiation on September 16, and listing on September 17, 2024.

 

Trafiksol ITS Technologies IPO Details 

The IPO with a Face Value of Rs.10 per Share is set to start on September 10, 2024, close on September 12, 2024, and offer a total issue size of 6,410,000 Shares (aggregating up to Rs.44.87 Cr.).

Trafiksol ITS Technologies IPO Lot Details 

The IPO allows retail investors to invest in a minimum and maximum of 1 Lot (2000 Shares) amounting to Rs.1,40,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (4000 Shares) amounting to Rs.2,80,000.

Promoters And Management of Trafiksol ITS Technologies Ltd.

• Jitendra Narayan Das

• Poonam Das

IPO Lead Managers

• Ekadrisht Capital Private Limited

Dividend Policy

The company has not paid dividends in the last three years.

Conclusion

The company has experienced negative cash flow in operating and investing activities in the last fiscal years. To achieve its goals, the company is currently launching an IPO for the general public. We believe the information offered in this blog helps you learn about the company's financial performance. So this blog will be very useful to you if you are looking for information about the approaching IPO since it will give you reliable data about the company's insights, financials, and past performance. If this informative blog piques your interest, you may be interested in reading our other related and useful posts on our website. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

Disclaimer: 

The content is purely for educational and information purposes only. We do NOT encourage/advise/suggest our active readers to be involved in any kind of buying or selling securities activities. Always consult your eligible financial advisor for investment-related decisions. The author does NOT through this blog intend to involve readers in trading.  

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