Taksheel Solutions IPO (Initial Public Offering) : Listing on 19th October 2011

by khalid on 17/10/2011 · 0 comments

Taksheel Solutions IPO

Taksheel Solutions Limited has informed the share market (BSE/NSE) that the shares of its recent Initial Public Offering (IPO) will list on 19th October 2011. The IPO was open between 29th Sep 2011 to 4th Oct 2011. The price band of the issue was Rs 130 to Rs 150 and the Issue Price was fixed at upper level of the price band, Rs 150 per equity share. The company had entered into primary market with an Initial Public Offering (IPO) of Rs 82.50 Crore. Hyderabad based Taksheel Solution Limited is an IT Solution Company. The company is engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom.

IPO Listing Detail :-
Listing Date: 19th October 2011
BSE Scrip Code : 533639
NSE Symbol : TAKSHEEL
ISIN : INE889I01011
Issue Price : Rs. 150.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The IPO proceeds will be used by Taksheel Solutions Limited to funding a new software development center at Hyderabad, setting up a new software development center at Warangal, acquisitions and Other Strategic Initiatives, incremental working capital requirements, General Corporate Purpose, issue expenses and listing of shares on stock exchanges.

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Sole Book running lead manager to the issue is PNB Investment Services Ltd.

Registrar of the Issue : Bigshare Services Pvt Ltd, Mumbai.

Stay tuned to BelltheBull Blog for more on Taksheel Solutions IPO !

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