Obscure knowledge stage Traxon Innovations on Friday said it has raised a little over Rs 139 crore from anchor financial backers.

The initial public offering (IPO) of the company will be an offer for sale (OFS) of 38,672,208 equity shares by the promoters and investors entirely

It will open for membership on October 10.

1.09 crore shares will be offloaded by Elevation Capital, 40.2 lakh shares by Accel India IV Mauritius, 21.81 lakh shares by SCI Investments V, 2.07 lakh shares by Sahil Barua, among others.

With a price band of Rs 75-80 per share, the issue will open for public subscription on October 10 and close on October 12.

The Initial public offering is supposed to get Rs 309 crore at the upper finish of the cost band.

The Bengaluru-settled organization works on a product-as-a-help (SaaS) model.

As of June this year, the company had 3,271 users across 1,139 customer accounts in more than 58 countries

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