BSE defers IT services firm Trafiksol’s IPO after investors’ concern

In an unprecedented measure, BSE postponed the listing of Trafiksol ITS Technologies on Tuesday after investor concerns about the company’s fundamentals, balance sheet and use of issue proceeds.

The company’s Rs 45-crore IPO had garnered bids worth over Rs 10,000 crore.

“In view of certain queries that have been raised, the listing for trading of the scrip is postponed till queries are resolved by the issuer,” said BSE in a circular on Tuesday.