IPO Issue Details
Issue Price / Price Band₹150 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size45 Shares per Lot
Total Issue Size55,00,000 shares (aggregating up to ₹82.50 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenThu, 29 Sep 2011
Subscription CloseTue, 04 Oct 2011
Anchor AllotmentWed, 28 Sep 2011
Basis of AllotmentMon, 10 Oct 2011
Initiation of RefundsTue, 11 Oct 2011
Credit of Shares to DematTue, 11 Oct 2011
Listing DateWed, 19 Oct 2011
UPI Mandate Deadline2011-10-04
Application & Investment Details
Retail — Min (1 Lots)₹6,750 — 45 shares
Retail — Max (13 Lots)₹87,750 (13 Lots)
HNI — Min (30 Lots)₹2,02,500 — 1,350 shares
Pre-IPO Promoter Holding1,63,52,107 shares
Post-IPO Promoter Holding2,18,52,107 shares
About Taksheel Solutions Ltd.
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 MaintenanceFinancial 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.
Objects of the Issue
Taksheel Solutions Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Setting up a new SEZ development center at Hyderabad
9.15
2
2 Setting up new SEZ development center at Warangal
8.66
3
3 Acquisitions and Other Strategic Initiatives
22.00
4
4 Financing Incremental Working Capital
12.80
5
5 General Corporate Purpose
24.11
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,63,52,107 shares
Post-IPO Promoter Holding
2,18,52,107 shares