Trafiksol ITS Technologies Limited IPO

TrafikSol ITS Technologies Limited was founded in 2018 and provides comprehensive intelligent transportation systems (ITS) and automation solutions, including software development, consulting and delivery services.

The company offers ready-made and customized software solutions, operating systems, business applications and computer games for all platforms. The company focuses on analyzing user needs and problems to deliver customized software solutions, including tailor-made software and ongoing maintenance.

Trafiksol is a specialized EPC (Engineering, Procurement and Construction) company that carries out a variety of projects in areas such as Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS) and Tunnel Management Systems.

The company’s list of services and solutions includes:

Advanced Traffic Management System (ATMS): traffic monitoring and control, data processing and analysis, traffic control and optimization, incident management, integrated communication and coordination, travel information services, etc.
Toll management system (TMS): toll collection devices, electronic toll collection (ETC), manual toll collection, operation of toll stations, etc.
Tunnel Management System (TNMS): advanced sensor technologies and monitoring systems, emergency response, ventilation control systems to control airflow and smoke control in case of fire, etc.
Highway lighting: introduction of energy-efficient LED lighting solutions to improve safety and sustainability on highways.
Transmission and distribution services
Solar energy solutions: Offering end-to-end services for all aspects of solar projects.
Speeding detection systems
Integrated Command and Control Centers (ICCC)
Defense services: supply of aircraft spare parts, maritime support services and ground-based maintenance services.

Competitive strengths:

Mission-independent: the company’s platform has been designed to meet different customer requirements, ensuring flexibility and agility at every stage.
Experienced promoters and management team: Led by a skilled and experienced management team with the expertise and vision to lead and grow our business and promote our sustainability goals.
Established relationships with the customer base and expanded customer network through geographic expansion.
Integrated structure with internal capacity to carry out most activities related to the projects, including expertise in traffic studies and revenue forecasting.
Ability to financially close projects: The company’s ability to financially close its projects is evidenced by the number of projects completed in recent years.
A diversified portfolio of services offered: The company stands out from the market with its diversified portfolio of services, offering comprehensive solutions tailored to the changing needs of customers.

As of March 31, 2024, the company had a total of 104 permanent employees in various departments.

Trafiksol ITS Technologies Limited Financial Information (Restated Consolidated)

Trafiksol ITS Technologies Limited’s revenue increased by 80% and profit after tax (PAT) rose by 153% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	6,215.52	3,363.17	2,284.01
Revenue	6,608.5	3,675	2,801.92
Profit After Tax	1,209.3	477.85	205.19
Net Worth	3,412.62	1,208.79	730.94
Reserves and Surplus	1,620.12	1,198.79	720.94
Total Borrowing	1,050.24	798.7	506.42
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Trafiksol ITS Technologies IPO is Rs 170.34 Cr.

KPI as of March 31, 2024.

KPI	Values
ROE	52.12%
ROCE	42.47%
Debt/Equity	0.31
RoNW	35.44%
PAT Margin (%)	18.38

	Pre IPO	Post IPO
EPS (Rs)	6.75	4.97
P/E (x)	10.38	14.09

Note:

The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Trafiksol ITS Technologies IPO Objectives)

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

Purchase of Software;
Repayment/prepayment, in part or full, of certain borrowings;
To Meet Working Capital Requirements; and
General Corporate Purpose.

Trafiksol ITS Technologies IPO Details

IPO Date	September 10, 2024 to September 12, 2024
Listing Date	[.]
Face Value	₹10 per share
Price Band	₹66 to ₹70 per share
Lot Size	2000 Shares
Total Issue Size	6,410,000 shares (aggregating up to ₹44.87 Cr)
Fresh Issue	6,410,000 shares (aggregating up to ₹44.87 Cr)
Issue Type	Book Built Issue IPO
Listing At	BSE SME
Share holding pre issue	17,925,000
Share holding post issue	24,335,000
Market Maker portion	322,000 shares

Trafiksol ITS Technologies IPO Promoter Holding

Jitendra Narayan Das and Poonam Das are the Promoters of the Company.

Share Holding Pre Issue	60.71%
Share Holding Post Issue	60.71%

SHARIAH SCREENING for - Trafiksol ITS Technologies Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
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