Takyon Networks Launches Rs 20.48 Crore IPO on BSE SME Platform
Takyon Networks, an IT services company, has opened its IPO on the BSE SME platform to raise Rs 20.48 crore. The company is offering 37.92 lakh equity shares at a price band of Rs 51-54 per share. Founded in 2009, Takyon Networks specializes in infrastructure and system integration services across various domains. The company reported a revenue of Rs 103.48 crore (4% YoY decline) and a net profit of Rs 6.96 crore (33% YoY increase) in its latest financial results. The IPO closes on August 1, with allotment on August 4 and expected listing on August 6. The current grey market premium stands at zero, indicating muted investor interest.
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Takyon Networks, an established IT services company, has opened its Initial Public Offering (IPO) on the BSE SME platform, aiming to raise Rs 20.48 crore. The company is offering 37.92 lakh equity shares with a price band of Rs 51-54 per share.
Company Background
Founded in 2009, Takyon Networks specializes in providing infrastructure and system integration services across various domains, including:
- Network security
- Surveillance
- Software solutions
The company has a strong presence in Delhi and Kolkata, catering to a diverse clientele spanning multiple sectors:
- Government
- Defense
- Banking
- Telecom
- Education
- Healthcare
- Manufacturing
With a workforce of 533 employees, Takyon Networks has established itself as a significant player in the IT services industry.
Financial Performance
Takyon Networks reported the following financial results:
| Financial Metric | Amount (in crore) | Year-on-Year Change |
|---|---|---|
| Revenue | 103.48 | -4% |
| Net Profit | 6.96 | +33% |
Despite a slight decline in revenue, the company has shown a substantial increase in net profit, indicating improved operational efficiency.
IPO Details
- Issue Size: 37.92 lakh equity shares
- Price Band: Rs 51-54 per share
- Minimum Investment: Rs 2.16 lakh for 4,000 shares
- Closing Date: August 1
- Allotment Date: August 4
- Expected Listing Date: August 6
Market Sentiment
The grey market premium for Takyon Networks' IPO currently stands at zero, suggesting muted investor interest ahead of the public offering. This could be due to various factors, including market conditions and investor perception of the company's growth prospects.
Conclusion
Takyon Networks' IPO presents an opportunity for investors interested in the IT services sector, particularly in the SME segment. While the company has shown profit growth, potential investors should carefully consider the financials, market conditions, and their own risk appetite before making an investment decision.
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