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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.
| IPO Opening Date | Sep 29, 2011 |
| IPO Closing Date | Oct 4, 2011 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹130 to ₹150 per equity share |
| Market Lot | 45 Shares |
| Min Order Quantity | 45 Shares |
| Listing At | BSE, NSE |
| Issue Size | 5,500,000 Eq Shares of ₹10 (aggregating up to ₹82.50 Cr) |
The Taksheel Solutions IPO market lot size is 45 shares. A retail-individual investor can apply for up to 29 lots (1305 shares or ₹195,750).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 45 | ₹6,750 |
| Maximum | 29 | 1305 | ₹195,750 |
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
The Taksheel Solutions IPO is subscribed 2.99 times on 10/4/2011 5:00:00 PM. The public issue subscribed 6.18 in the retail category, 0.24 in the QIB category, and 4.70 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.24 |
| NII | 4.70 |
| Retail | 6.18 |
| Total | 2.99 |
| Listing Date | Wednesday, October 19, 2011 |
| BSE Script Code | 533639 |
| NSE Symbol | TAKSHEEL |
| Listing In | B Group of Securities |
| ISIN | INE889I01011 |
| IPO Price | ₹150 per equity share |
| Face Value | ₹10 per equity share |
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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: info@taksheel.com
Website: http://www.taksheel.com
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: tsl.ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Taksheel Solutions IPO is a main-board IPO of 5,500,000 equity shares of the face value of ₹10 aggregating up to ₹82.50 Crores. The issue is priced at ₹130 to ₹150 per equity share. The minimum order quantity is 45 Shares.
The IPO opens on Sep 29, 2011, and closes on Oct 4, 2011.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Taksheel Solutions IPO opens on Sep 29, 2011 and closes on Oct 4, 2011.
Taksheel Solutions IPO lot size is 45 Shares and the minimum order quantity is 45 Shares.
You can apply in Taksheel Solutions IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, 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.
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Top Contributor (200+ Posts)
IPO Mentor (500+ Posts, 100+ Likes)
GOOD NEWS WHO INVESTED IN THIS COMPANY'S IPO RS.150 SEBI HAS STRICKLY RECOMANDED TO TAKSHEEL PROMO.SHOULD HAVE MUST RETURN ISSUE PRISE TO INVESTOR SO DONT SALE THIS STOCK WHO GOT FROM ORI.IPO.
THANKS ...PARESH DESAI