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.
The promoters of the company are
1. Mr. Pavan Kumar Kuchana, aged 42 years, is a Chairman cum Managing Director of the Company
2. Mr. Ramaswamy Kuchana, aged 67 years, is the core promoter of the Company
3. Lexicon Private Limited
The Objects of the Issue are to provide funding for
1. Capital expenditure for setting up a new software development center at Hyderabad;
2. Capital expenditure for setting up a new software development center at Warangal;
3. Acquisitions and Other Strategic Initiatives;
4. Financing the incremental working capital requirements;
5. General Corporate Purpose;
6. To meet the issue expenses.
»» Issue Open: Sep 29, 2011 - Oct 4, 2011
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 5,500,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 82.50 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 130 - Rs. 150 Per Equity Share
»» Market Lot: 45 Shares
»» Minimum Order Quantity: 45 Shares
»» Listing At: BSE, NSE
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
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved||2,750,000||825,000||1,925,000||5,500,000|
|Day 1 - Sep 29, 2011 17:00 IST||0.2900||1.3600||0.3200||0.4600|
|Day 2 - Sep 30, 2011 17:00 IST||0.2400||1.9200||0.7300||0.6700|
|Day 3 - Oct 3, 2011 17:00 IST||0.2400||2.3200||2.0400||1.1800|
|Day 4 - Oct 4, 2011 17:00 IST||0.2400||4.7000||6.1800||2.9900|
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