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Taksheel Solutions Rs 80cr IPO subscribed 3 times
Information-technology firm Taksheel Solutions' (TSL) Rs 80-crore IPO has received good response from investors - especially HNIs and retail investors. The issue has subscribed 2.99 times, as per data available on NSE website.
Information-technology firm Taksheel Solutions ' (TSL) Rs 80-crore IPO, which closed today, has received good response from investors - especially HNIs and retail investors. The issue has subscribed 2.99 times, as per data available on NSE website.
It has received bids for more than 1.6 crore equity shares as against approximate issue size of 55 lakh shares.
Reserved portion of retail investors subscribed 6.18 times and non-institutional investors 4.7 times.
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 price band for the issue was at Rs 130-150 a share.
TSL intends to use proceeds to set up two software development centres, acquisitions and other corporate purposes.
