Bookbuilding IPO | ₹153 Cr | Listed at BSE, NSE | Wed, Aug 1, 2007 - Tue, Aug 7, 2007
TAKE Solutions IPO is a book build issue of ₹153.30 crores. The issue is entirely a fresh issue of 0.21 crore shares of ₹153.30 crore.
TAKE Solutions IPO bidding started from Aug 1, 2007 and ended on Aug 7, 2007. The shares got listed on BSE, NSE on Aug 27, 2007.
TAKE Solutions IPO price band is set at ₹730 per share. The lot size for an application is 9. The minimum amount of investment required by an retail is ₹6,570 (9 shares) (based on upper price). The lot size investment for sNII is 31 lots (279 shares), amounting to ₹2,03,670, and for bNII, it is 153 lots (1,377 shares), amounting to ₹10,05,210.
The issue includes a reservation of up to 1,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Edelweiss Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to TAKE Solutions IPO RHP for detailed Information.
IPO Open
Wed, Aug 1, 2007
IPO Close
Tue, Aug 7, 2007
Issue Price
₹730 per share
Market Cap (Pre-IPO)
₹876.00 Cr
| IPO Date | 1 to 7 Aug, 2007 |
| Listed on | Mon, Aug 27, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹675 to ₹730 |
| Issue Price | ₹730 per share |
| Lot Size | 9 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 21,00,000 shares (agg. up to ₹153 Cr) |
| Fresh Issue | 21,00,000 shares (agg. up to ₹153 Cr) |
| Share Holding Pre Issue | 99,00,000 shares |
| Share Holding Post Issue | 1,20,00,000 shares |
| BSE Script Code / NSE Symbol | 532890 / TAKE |
| ISIN | INE142I01023 |
TAKE Solutions IPO comprises a total issue size of 21,00,000 shares. The net offer to the public is 20,00,000 shares, after excluding 1,00,000 shares under a preferential allotment. Of the Net offer 12,00,000 (60.00%) are allocated to QIB, 2,00,000 (10.00%) allocated to NII 6,00,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 12,00,000 | 60.00% | 57.14% | NA |
| NII (HNI) Shares Offered | 2,00,000 | 10.00% | 9.52% | NA |
| Retail Shares Offered | 6,00,000 | 30.00% | 28.57% | 66,666 |
| Preferential Reservations | ||||
| Employee Shares Offered | 1,00,000 | 4.76% | NA | |
| Total Shares Offered | 21,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 9 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 9 | ₹6,570 |
| Retail (Max) | 30 | 270 | ₹1,97,100 |
| S-HNI (Min) | 31 | 279 | ₹2,03,670 |
| S-HNI (Max) | 152 | 1,368 | ₹9,98,640 |
| B-HNI (Min) | 153 | 1,377 | ₹10,05,210 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2001, TAKE Solutions Limited is a leading international business technology company with products backed by a strong domain expertise to provide cost-effective comprehensive solutions for businesses. TAKE Solutions products are focused on the Supply Chain Management ("SCM") and Life Sciences ("LS") verticals. TAKE currently have 11 active products in the SCM vertical, which are housed under the One SCM™ suite, and 6 products in the LS vertical under the One Clinical™ suite.
TAKE Solutions Limited operates business through its subsidiaries:
1. TAKE Solutions Inc., USA
2. Applied Clinical Intelligence, LLC (Subsidiary of TAKE Solutions Inc.)
3. Onsphere Corporation (Subsidiary of TAKE Solutions Inc.)
4. TAKE United Sdn Bhd, Malaysia
5. Towell-TAKE Solutions LLC
6. Autoparts Asia Private Limited, Chennai
7. TAKE Solutions Gulf W.L.L, Kingdom of Bahrain.
As on November 30, 2006 TAKE has completed more than 2500 software installations for over 250 customers ranging in size from multinational enterprises to medium and smaller sized companies.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Acquisition of companies/businesses/products | 1.40 |
| 2 | Repayment of debt facilities utilized for acquisition | 83.50 |
| 3 | Product Development | 15.00 |
| 4 | Enhancement of Domestic Infrastructure Facilities; and | 23.20 |
| 5 | Prepayment of Term Loan | 20.00 |
| 6 | Issue Expenses | 10.20 |
| KPI | |
|---|---|
| RoNW | 36.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 71.9% | 59.32% |
| Market Cap | ₹876.00 Cr. |
The TAKE Solutions IPO is subscribed 59.48 times on August 7, 2007 5:00:00 PM (Day 5). The public issue subscribed 23.39 times in the retail category, 75.62 times in the QIB category, and 100.1 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Management fees, underwriting & brokerage | 4.50 |
| 2 | Marketing and Advertising Expenses | 2.50 |
| 3 | Stationary, Printing & Registrar Expenses | 2.20 |
| 4 | Legal Fees, Listing fees, book building charges, auditors fees | 0.50 |
| 5 | Miscellaneous | 0.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹730.00 | ₹730.00 |
| Open | ₹876.00 | ₹880.00 |
| Low | ₹839.15 | ₹831.30 |
| High | ₹943.30 | ₹945.95 |
| Last Trade | ₹926.50 | ₹927.80 |
Lead Manager Reports
TAKE Solutions IPO is a main-board IPO of 21,00,000 equity shares of the face value of ₹10 aggregating up to ₹153 Crores. The issue is priced at ₹730 per share. The minimum order quantity is 9.
The IPO opens on Wed, Aug 1, 2007, and closes on Tue, Aug 7, 2007.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in TAKE Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in TAKE Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TAKE Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TAKE Solutions IPO opens on Wed, Aug 1, 2007 and closes on Tue, Aug 7, 2007.
TAKE Solutions IPO lot size is 9, and the minimum amount required for application is ₹6,570.
You can apply in TAKE Solutions IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for TAKE Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the TAKE Solutions IPO allotment status.
The TAKE Solutions IPO listing date is on Mon, Aug 27, 2007.
