Taksheel Solutions IPO subscribed 3 times - Indian IPO Blog

Tuesday, October 4, 2011

Taksheel Solutions IPO subscribed 3 times

Taksheel Solutions IPO, which was open along side five other IPOs, has managed to garner 3 times subscription on an overall basis. The subscription was mainly supported by HNI and Retail investors, the categories being overbid 4.70 times and 6.18 times respectively. QIB Investors have by far, remained aloof to the issue with the IPO getting barely 0.24 times subscription in the category.

Taksheel Solutions IPO was assigned an IPO Grade 2/5 by the rating agency CARE indicating "Below Average Fundamentals".

Taksheel Solutions Limited is IT company engaged in the business of providing products and services to the financial services industry, Information Technology & Telecom. The Company is headquartered in Hyderabad, and provides professional IT services to global clients. Taksheel offers Wealth Management Technology Solutions, Telecom Solutions, Business Intelligence, Data Warehousing, Application Development and Application Maintenance

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