Bookbuilding IPO | ₹83 Cr | Listed at BSE, NSE | Thu, Sep 29, 2011 - Tue, Oct 4, 2011
Taksheel Solutions IPO is a book build issue of ₹82.50 crores. The issue is entirely a fresh issue of 0.55 crore shares of ₹82.50 crore.
Taksheel Solutions IPO bidding started from Sep 29, 2011 and ended on Oct 4, 2011. The shares got listed on BSE, NSE on Oct 19, 2011.
Taksheel Solutions IPO price band is set at ₹150 per share. The lot size for an application is 45. The minimum amount of investment required by an retail is ₹6,750 (45 shares) (based on upper price). The lot size investment for sNII is 30 lots (1,350 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (6,705 shares), amounting to ₹10,05,750.
PNB Investment Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Taksheel Solutions IPO RHP for detailed Information.
IPO Open
Thu, Sep 29, 2011
IPO Close
Tue, Oct 4, 2011
Issue Price
₹150 per share
Market Cap (Pre-IPO)
₹327.78 Cr
| IPO Date | 29 Sep to 4 Oct, 2011 |
| Listed on | Wed, Oct 19, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹150 |
| Issue Price | ₹150 per share |
| Lot Size | 45 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 55,00,000 shares (agg. up to ₹83 Cr) |
| Fresh Issue | 55,00,000 shares (agg. up to ₹83 Cr) |
| Share Holding Pre Issue | 1,63,52,107 shares |
| Share Holding Post Issue | 2,18,52,107 shares |
| BSE Script Code / NSE Symbol | 533639 / TAKSHEEL |
| ISIN | INE889I01011 |
Taksheel Solutions IPO comprises a total issue size of 55,00,000 shares. Out of which, 27,50,000 (50.00%) are allocated to QIB, 8,25,000 (15.00%) allocated to NII 19,25,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 27,50,000 | 50.00% | NA |
| NII (HNI) Shares Offered | 8,25,000 | 15.00% | NA |
| Retail Shares Offered | 19,25,000 | 35.00% | 42,777 |
| Total Shares Offered | 55,00,000 | 100.00% |
Investors can bid for a minimum of 45 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1,305 | ₹1,95,750 |
| S-HNI (Min) | 30 | 1,350 | ₹2,02,500 |
| S-HNI (Max) | 148 | 6,660 | ₹9,99,000 |
| B-HNI (Min) | 149 | 6,705 | ₹10,05,750 |
Incorporated in 1999, Taksheel Solution Ltd is IT Solution Company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. Headquartered in Hyderabad, with an office in North America, they provide professional IT services to global clients. Taksheel offering Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance
Financial services provided by Taksheel includes wealth management to financial institutions such as Asset and Investment managers, Brokerage houses, Insurance, Hedge funds, Trusts and Family Offices. In Telecom Solutions, Taksheel offers Enterprise IP telephony Solutions, Carrier Switching & Billing Solutions, Contact Center Solutions, IVRS, SMSC, Voice & Video Conference solutions, Chat platforms, Content Delivery Platforms, Closed Private GSM network (CPMN) and In Information Technology services, Taksheel offers Enterprise Network Implementation(LAN,WAN,MAN), OS migration to open source, Software Development, Application customization, Managed IT services (Desktop, Server, Network, NOC support) Server Implementation & Support(Windows, Unix, Sun, Linux),Data Storage Network(SAN,NAS),Network & Data Security Solutions, Network Monitoring System, NOC support Systems, Data center and Disaster recovery center implementation, CRM solution and more.
Taksheel offers cost-effective solutions through its Onsite, Offsite and Offshore development methodology by leveraging its global delivery model and utilizing delivery centers based in Hyderabad, India, and New Jersey, USA. Some of their customers include Merryl Lynch and Bank of America.
| 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 | Setting up a new SEZ development center at Hyderabad | 9.15 |
| 2 | Setting up new SEZ development center at Warangal | 8.66 |
| 3 | Acquisitions and Other Strategic Initiatives | 22.00 |
| 4 | Financing Incremental Working Capital | 12.80 |
| 5 | General Corporate Purpose | 24.11 |
| KPI | |
|---|---|
| RoNW | 30.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 63.31% | 47.37% |
| Market Cap | ₹327.78 Cr. |
The Taksheel Solutions IPO is subscribed 2.99 times on October 4, 2011 5:00:00 PM (Day 4). The public issue subscribed 6.18 times in the retail category, 0.24 times in the QIB category, and 4.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 0.24 | 27,50,000 | |
| NII | 4.7 | 8,25,000 | |
| Retail | 6.18 | 19,25,000 | |
| Total | 2.99 | 55,00,000 |
CARE has assigned an IPO Grade 2 to Taksheel Solutions Ltd IPO. This means as per CARE, company has 'Below Average Fundamentals'. CARE assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read Taksheel Solutions IPO Report
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management Fees (Lead Management, Underwriting and Selling Commission) | 2.16 |
| 2 | Advertisement and Marketing Expenses, Printing, Stationery and Distribution Expenses, Stock exchange deposit | 1.95 |
| 3 | Others (including Legal Advisors Fee, Auditors Fee, Registrars Fee, SCSB commission, Regulatory Fees including filing fees paid to SEBI and Stock Exchanges) | 1.68 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹150.00 | ₹150.00 |
| Open | ₹157.40 | ₹157.00 |
| Low | ₹38.50 | ₹39.10 |
| High | ₹185.00 | ₹184.30 |
| Last Trade | ₹55.85 | ₹58.15 |
Lead Manager Reports
Taksheel Solutions IPO is a main-board IPO of 55,00,000 equity shares of the face value of ₹10 aggregating up to ₹83 Crores. The issue is priced at ₹150 per share. The minimum order quantity is 45.
The IPO opens on Thu, Sep 29, 2011, and closes on Tue, Oct 4, 2011.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Taksheel Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Taksheel Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Taksheel Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Taksheel Solutions IPO opens on Thu, Sep 29, 2011 and closes on Tue, Oct 4, 2011.
Taksheel Solutions IPO lot size is 45, and the minimum amount required for application is ₹6,750.
You can apply in Taksheel 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 Taksheel Solutions IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Taksheel Solutions IPO allotment status.
The Taksheel Solutions IPO listing date is on Wed, Oct 19, 2011.
