The Rs 82.50 crore Taksheel Solutions IPO is a book-built offering. On September 29, 2011, the Taksheel Solutions IPO bidding began, and it concluded on October 4, 2011. On October 19, 2011, the shares were listed on the BSE and NSE. The pricing range for Taksheel Solutions’ IPO is ₹130 to ₹150 per share. 45 shares is the minimum lot size required for an application. Retail investors are required to invest a minimum of ₹6,750.
Since its incorporation in 1999, Taksheel Solution Ltd. has been an IT solution provider, offering services and solutions to the financial services, telecom, and information technology industries. With a North American office and its headquarters located in Hyderabad, they offer expert IT services to customers all over the world. Taksheel provides telecom solutions, business intelligence, data warehousing, application development, and application maintenance, in addition to wealth management technology solutions.
Taksheel offers wealth management services to financial organizations, including asset and investment managers, brokerage houses, insurance companies, hedge funds, trusts, and family offices. Taksheel provides a range of telecom solutions, including chat platforms, content delivery networks, IVRS, SMSC, contact center solutions, enterprise IP telephony, closed private GSM networks (CPMN), and carrier switching and billing solutions.
Taksheel provides managed IT services (desktop, server, network, and NOC support), software development, application customization, and enterprise network implementation (LAN, WAN, and MAN) in the field of information technology. Network & Data Security Solutions, Network Monitoring System, NOC support systems, Data Center and Disaster Recovery Centre implementation, CRM solution, Server Implementation & Support (Windows, Unix, Sun, Linux), Data Storage Network (SAN,NAS), and more
Taksheel leverages its global delivery approach and makes use of delivery centers situated in Hyderabad, India, and New Jersey, USA, to provide cost-effective solutions through its on-site, off-site, and offshore development processes. Merryl Lynch and Bank of America are a couple of their clients.
Taksheel Solutions IPO Details
| IPO Date | September 29, 2011 to October 4, 2011 |
| Listing Date | October 19, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹130 to ₹150 per share |
| Lot Size | 45 Shares |
| Total Issue Size | 5,500,000 shares (aggregating up to ₹82.50 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Taksheel Solutions IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹6,750 |
| Retail (Max) | 29 | 1305 | ₹195,750 |
Taksheel Solutions IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 2,750,000 (50.00%) | NA |
| NII (HNI) Shares Offered | 825,000 (15.00%) | |
| Retail Shares Offered | 1,925,000 (35.00%) | 42,777 |
| Total Shares Offered | 5,500,000 (100%) |
Objects of the Issue (Taksheel Solutions IPO Objectives)
The objectives of the Issue are to provide funding for
- Capital expenditure for setting up a new software development center at Hyderabad;
- Capital expenditure for setting up a new software development center at Warangal;
- Acquisitions and Other Strategic Initiatives;
- Financing the incremental working capital requirements;
- General Corporate Purpose:
- To meet the issue expenses.
Taksheel Solutions IPO Listing Details
| Listing Date | October 19, 2011 |
| BSE Script Code | 533639 |
| NSE Symbol | TAKSHEEL |
| ISIN | INE889I01011 |
| Final Issue Price | ₹150 per share |
Taksheel Solutions Listing Day Trading Information
| 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 |
Taksheel Solutions Ltd Contact Details
Taksheel Solutions Ltd
Lanco Hills Technology Park Private Limited (SEZ)
Survey No.201, Manikonda Village,
Hyderabad – 500 089, Andhra Pradesh
Phone: +91-40-40272479
Email: [email protected]
Website: http://www.taksheel.com
Taksheel Solutions IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com
Taksheel Solutions IPO FAQs
Q1. What is the Taksheel Solutions IPO?
Ans. Taksheel Solutions IPO is a main-board IPO of 5,500,000 equity shares with a face value of ₹10, aggregating up to ₹82.50 crore. The issue is priced at ₹130 to ₹150 per share. The minimum order quantity is 45 shares. The IPO opens on September 29, 2011, and closes on October 4, 2011.
Q2. When will Taksheel Solutions IPO open?
Ans. The Taksheel Solutions IPO opens on September 29, 2011 and closes on October 4, 2011.
Q3. What is the lot size of Taksheel Solutions IPO?
Ans. Taksheel Solutions IPO lot size is 45 Shares, and the minimum amount required is ₹6,750.
Q4. When is Taksheel Solutions IPO listing date?
Ans. The Taksheel Solutions IPO listing date is on October 19, 2011.
