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Trafiksol ITS Technologies IPO
Trafiksol ITS Technologies Ltd
₹1,32,000 /2000 sharesMinimum Investment
Trafiksol ITS Technologies IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 10 Sep ‘24 - 12 Sep ‘24 | ₹1,32,000 | 2,000 | ₹66 - ₹70 |
| Issue Size | IPO Doc |
|---|---|
| 44.87Cr | RHP PDF |
About Trafiksol ITS Technologies
Founded in
2018
Managing director
Mr. Jitendra Narayan Das
Parent organisation
Trafiksol ITS Technologies Ltd
Strengths & Financials of Trafiksol ITS Technologies
Strengths
Risks
Trafiksol ITS Technologies holds ISO certifications ISO 9001:2015 for quality management, ISO 14001:2015 for environmental management systems, ISO 45001:2018 for occupational health and safety systems, and ISO/IEC 27001:2013 for information security management systems.
The company also extends its services to defence organisations, including the supply of aircraft spares, maritime support services, and ground support maintenance.
The company claims to promote safer roadways with its speed limit violation detection systems, which are integral to its ATMS projects.
The company manages most aspects of its toll collection and operation, maintenance, and transfer (OMT) projects internally. This includes tendering, traffic surveys, revenue forecasting, achieving financial closure and toll collection, reducing dependence on subcontractors and third parties, and lowering costs.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 27.91 crore in FY22 to Rs 36.29 crore in FY23 to Rs 65.81 crore in FY24. PAT increased from Rs 2.05 crore in FY22 to Rs 4.78 crore in FY23 to Rs 12.09 crore in FY24.
The company is involved in some ongoing litigation. Any adverse judgments in any of these cases can be detrimental to the company’s business prospects.
The company’s business relies on road projects in India, which are mostly given out by government authorities or entities funded by the Government of India or state governments. Trafiksol generates almost all of its revenue from these government contracts. Any adverse changes in central or state government policies that could result in these contracts being terminated can be detrimental to the company’s revenue and operations.
Trafiksol's systems are susceptible to cyberattacks and unauthorised access. Any losses or liabilities resulting from these issues could significantly harm the company's reputation, finances, and functions.
A significant portion of Trafiksol's new orders come from its existing relationships with corporate clients and other customers. Any failure to maintain these relations leading to a loss of these customers can adversely impact the company’s business operations and finances.
As of March 31, 2024, Trafiksol's total debt amounted to Rs 10.50 crore. Any inability to service or repay these loans could adversely affect the business.
Trafiksol ITS Technologies Financials
*All values are in Rs. Cr
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Application Details of Trafiksol ITS Technologies IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Regular | ₹66 - 70 | ₹2 - 5 Lakh |
| High Networth Individual | ₹66 - 70 | ₹2 - 5 Lakh |
For Trafiksol ITS Technologies IPO, eligible investors can apply as Regular.