Monday, August 06, 2007

TAKE SOLUTIONS LTD - IPO

Type of Issue : Book Built
Issue Opens: 01 August, 2007
Issue Closes: 07 August, 2007
Expected Refund Date: 22 August, 2007
Issue Size : 2,100,000 (No. of Shares)

Lower Price Band: Rs.675
Upper Price Band: Rs.730
Total Issue Size: Rs.153 Crores

Application Multiple: 9 and in multiples there off starting with at least 9 shares.

Maximum Shares: 135 (for Retail)

Information URL : http://www.takesolutions.com/
Prospectus URL : http://www.sebi.gov.in/dp/takedraft.pdf

Company Details :

Address : #76, VENKATAKRISHNA ROAD, RAJA ANNAMALAIPURUM, CHENNAI - 600 028.
Email : ipo@takesolutions.com
Contact Details : 914424617358 /914424617360 (fax)

ISSUE Description:

TAKE Solutions is a leading international business technology company with products backed by a strong domain expertise to provide cost-effective comprehensive solutions for businesses. Use of strong domain knowledge, deployment of the robust technology frame work, a client centric, template free, approach to solutions deployed and a sound delivery model form the basic tenets of the organization. TAKE has had the privilege of serving a marquee customer base with a strong financial record and robust year-over-year growth.
With solutions and technology expertise in Life Sciences, Supply Chain Management, Business Process Management, Data Warehousing & Business Intelligence, and Microsoft .NET Solutions, TAKE’s track record in delivering world-class solutions throughout global markets is well proven.

TAKE Solutions Ltd is assessed at the Level 5 of the Capability Maturity Model Integrated (CMMI), Software Engineering Institute, Carnegie Mellon University, USA.
TAKE Solutions is also a Microsoft Gold Certified Partner and is a Registered CDISC Solution Provider. With more than 500 current employees, TAKE Solutions’ world headquarters are in Chennai with U.S. headquarters in Princeton, NJ. TAKE Solutions has offices in Singapore, Malaysia, Philadelphia, California, and Research Triangle Park, NC. TAKE Solutions conducts business today in 9 countries with more than 150 FORTUNE 1000 customers.

Key Financials for the year ended March 31, 2007
Revenue Rs.573.66Mln PAT Rs.103.90Mln
EPS Rs.11.50 RoNW 36.04%

Recommendation

Excellent opportunity to invest for short term as well as long term gains.

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