Trafiksol ITS Technologies Limited IPO

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Trafiksol ITS Technologies Limited specializes in offering a broad range of services and solutions in the field of Intelligent Transportation Systems (ITS). The company’s portfolio includes ready-made and customized software solutions, operating systems, business applications, and computer games across all platforms. Additionally, Trafiksol provides consultancy services focused on analyzing user needs and problems to deliver tailored software solutions, including bespoke software and ongoing maintenance services.

The company excels in all aspects of ITS, from the initial requirements assessment and solution identification to seamless implementation, business integration, and system fine-tuning. Trafiksol’s expertise and adaptable strategies empower clients to revitalize and reshape their enterprises for unparalleled success.

Trafiksol ITS Technologies Limited has built a strong reputation for delivering top-tier industrial services across India. The company distinguishes itself by effectively harmonizing business strategies with personnel and processes, ensuring that clients’ strategic planning and execution yield favorable outcomes. The company’s consulting and design offerings are extensive, specializing in the design, administration, and integration of ITS for roads and tunnels. Trafiksol’s solutions are known for their security, resilience, and scalability, and are custom-crafted to meet the specific requirements of clients in the road infrastructure, tunnel management, and urban environments.

EPC Contracting Expertise:

Trafiksol is a specialized EPC (Engineering, Procurement, and Construction) contractor, undertaking a variety of projects in fields such as Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS), and Tunnel Management Systems. As an EPC contractor, Trafiksol provides a full spectrum of services encompassing the design, engineering, procurement, and construction of large-scale infrastructure projects. This comprehensive approach ensures that all phases of the project are seamlessly integrated and managed by a single entity, reducing risks and delivering high-quality, efficient infrastructure solutions tailored to meet the specific needs of their clients.

Key Projects:

Trafiksol’s contracts in traffic management, toll management, and tunnel management involve the design, implementation, and construction of infrastructure projects aimed at improving transportation efficiency, safety, and revenue collection. The company’s ATMS projects, for instance, involve the development of systems to improve traffic flow, safety, and efficiency on roadways. Notable ongoing projects include the development of the Six Lane Badakumari-Karki Section of NH-120-CD Road under the Raipur-Visakhapatnam Economics Corridor, the Four-Laning of the Ahmednagar-Mirajgain-Karmala-Tembhurni section of NH-561A under Bharatmala Pariyojana, and the construction of a 6-Lane access-controlled Greenfield highway as part of the Amritsar-Jamnagar Economic Corridor in Rajasthan.

In toll management, Trafiksol handles the design, construction, and implementation of toll collection systems for highways, bridges, tunnels, and other tolled roadways. Current projects include the Rehabilitation and Upgradation of the Malkapur-Buldhana-Chikhli-Deulgaonraja-Jalna (Aurangabad) NH-753-A Road, as well as the Rajasthan/Gujarat Border section of NH-754K as part of the Amritsar-Jamnagar Economic Corridor.

Conclusion:

Trafiksol ITS Technologies Limited is a dynamic and forward-thinking company with a robust portfolio of services in Intelligent Transportation Systems and related fields. The company’s strong leadership, innovative solutions, and commitment to quality have positioned it as a key player in the infrastructure and defense sectors, driving success for its clients and contributing to the advancement of critical industries in India. For more information on ongoing projects, please visit the company’s website at www.trafiksol.com.

Objects of the Trafiksol ITS Technologies Limited IPO:

The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects: i. Purchase of Software; ii. Repayment/prepayment, in part or full, of certain borrowings; iii. To Meet Working Capital Requirements; and iv. General Corporate Purpose.

Trafiksol ITS Technologies Limited IPO Details:

Open Date: Sep 10 2024
Close Date: Sep 12 2024
Total Shares: 6,410,000
Face Value: ₹ 10 Per Equity Share
Issue Size: 44.87 Cr.
Lot Size: 2000 Shares
Issue Price: ₹ 66 - 70 Per Equity Share
Listing At: BSE SME
Listing Date: Sep 17 2024

Promoters And Management:

Jitendra Narayan Das, aged 49, is the Chairman and Managing Director of the Company. He completed his Bachelor of Commerce in 1994 from the University of Bhubaneshwar, Odisha. Appointed as a director on October 10, 2023, he became Chairman and Managing Director on January 31, 2024, for a five-year term. With 23 years of experience in the IT and software industry, Jitendra possesses deep expertise in navigating technological changes, aligning business strategies with economic and regulatory trends, and driving innovation and growth for the company. Poonam Das, aged 47, is the Whole-Time Director of the Company. She holds a Master of Arts in Sociology from Annamalai University (2001) and a Diploma in Business Administration (2005). Appointed as an Additional Director on May 22, 2018, she became Whole-Time Director on January 31, 2024, for a five-year term. With six years of experience in Human Resources and administration, Poonam oversees these functions in the Company, where she has been actively involved for six years. Ashok Mittal, aged 49, is the Non-Executive Director of the Company. He holds a Diploma in Mechanical Engineering (1996) and a Diploma in Business Engineering (2000) from the University of Delhi, as well as a Master of Arts in Economics from the University of Kanpur (2003). He was appointed as the Non-Executive Director on January 31, 2024, for a five-year term, and is not liable to retire by rotation.

Financials of Trafiksol ITS Technologies Limited IPO:

Particulars ( In Lakhs )
2022
2023
2024
Revenue from Operations 2,791 3,630 6,581
Other Income 11 45 27
Total Revenue 2,802 3,675 6,609
Cost of material Consumed 2,069 3,184 4,050
Changes in inventories -75 -500 -14
Employees Benefit Expenses 373 214 510
Other Expenses 172 236 266
EBITDA 263 541 1,798
OPM (%) 9.39% 14.71% 27.20%
Depreciation & Amortisation 14 11 13
EBIT 249 530 1,784
Finance Cost 36 53 85
PBT 207 484 1,708
Tax 2 6 499
PAT 205 478 1209
NPM (%) 7.32% 13.00% 18.30%
No.of Shares 243.35 243.35 243.35
EPS 0.84 1.96 4.96

Comparison With Peers:

Note :- There are no listed companies in India that are engaged in a business similar to this company

Recommendation on Trafiksol ITS Technologies Limited IPO:

1. TrafikSol ITS Technologies Limited is recognized for its expertise in the design, administration, and integration of ITS for roads and tunnels. Their services are marked by security, resilience, and scalability, tailored to meet the specific needs of clients in road infrastructure, tunnel management, and urban environments. 2. Specialized EPC Contractor TrafikSol undertakes large-scale projects in Advanced Traffic Management Systems (ATMS), Toll Management Systems (TMS), and Tunnel Management Systems. They provide a full spectrum of services, from design and engineering to procurement and construction, ensuring seamless integration and high-quality outcomes. 3. Key Projects TrafikSol is engaged in various high-profile ATMS and TMS projects, including the development of key highway sections under the Bharatmala Pariyojana and Raipur-Visakhapatnam Economic Corridor. Their toll management projects involve the design and implementation of toll collection systems for major highways and bridges across India. 4. Competition Operating in a highly competitive environment, TrafikSol faces significant competition from larger multinational corporations (MNCs) with substantial financial resources. 5. The Revenue has Increased from Rs.28 Crores in FY22 to Rs.66 Crores in FY24. 6. The EBITDA has Increased from 2.6 Crores in FY22 to 18 Crores in FY24. 7. The PAT has Increased from 2 Crores in FY22 to 12 Crores in FY24. 8. As per FY24, CFO/EBITDA is 0.99, and EPS is 4.96, 9. Market Capitalization is 170 Crores and P/E is 14.08x based on FY24.

Lead Manager of Trafiksol ITS Technologies Limited IPO:

  1. EKADRISHT CAPITAL PRIVATE LIMITED

Registrar of Trafiksol ITS Technologies Limited IPO:

  1. Maashitla Securities Pvt. Limited.

Company Address:

Trafiksol ITS Technologies Limited 2nd Floor, B 68, Sector 63, Noida, Gautam Buddha Nagar, Noida - 201 301 Phone: +91- 87440 50058 Email: info@trafiksol.com Website: http://www.trafiksol.com/

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