Taksheel Solutions crashes on listing day - Indian IPO Blog

Wednesday, October 19, 2011

Taksheel Solutions crashes on listing day

Taksheel Solutions Limited listed its Equity Shares on the exchanges today. The stock opened at about Rs.157 on the BSE and managed to touch an Intra-day High of Rs.185/- but then began crumbling post noon to end up at a closing market price of Rs.55.85, or at a discount of close to 62.75% on the Issue Price of Rs.150/- a share

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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