Information-technology firm Taksheel Solutions ' (TSL) Rs 80 crore IPO has opened for subscription today.
The Hyderabad-based firm, which offers IT products and services to financial services and telecom companies, plans to use Rs 22 crore from the issue proceeds for acquiring firms in a similar line of business.
The initial public offering will close on October 4. Bids can be made for a minimum of 45 equity shares and in multiples of 45 shares thereafter.
TSL, which intends to issue 5.5 million shares through a fresh issue, intends to use proceeds to set up two software development centres, acquisitions and other corporate purposes.
PNB Investment Services, a unit of Punjab National Bank, is the book running lead manager.
