TAKE Solutions Limited IPO to open on August 1, 2007

The Initial Public Offering of TAKE Solutions Limited will open for subscription to investors on August 1, 2007. The company is coming out with an Initial Public Offering (IPO) of 2100000 Equity Shares of Rs.10 each for cash at a price band of Rs.675/- to Rs.730/- through 100% book-building process.

The company has reserved 100,000 shares for subscription by eligible employees at the issue price. The issue will constitute 17.50% of the fully diluted post-issue paidup equity capital of the company. The Net Issue (2,000,000 shares) to the public constitutes 16.67% of the fully diluted post issue paid-up equity capital of the company.

The Equity Shares issued through this IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Edelweiss Capital Limited is the Book Running Lead Manager to the issue. Edelweiss Securities Limited is the Syndicate Member to the issue.

Intime Spectrum Registry Limited is the Registrar to the issue.The issue closes for subscription on August 7, 2007.

Click Here to view the website of TAKE Solutions Limited

Click Here to view the prospectus of TAKE Solutions Limited

Source : Equity Bulls

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