TAKE Solutions IPO opens Wednesday
TAKE Solutions Ltd, engaged in life sciences and supply chain management solutions, will enter the capital markets Wednesday with an initial public offering of 21,00,000 equity shares.
By INDIATIMES NEWS NETWORK |
MUMBAI: TAKE Solutions Ltd, engaged in life sciences and supply chain management solutions, will enter the capital markets Wednesday with an initial public offering of 21,00,000 equity shares.
The price band of the 100% book building issue is Rs 675-730 per share. The issue closes Aug 7.
The IPO comprises a net issue to the public of 20,00,000 equity shares and a reservation of 1,00,000 shares for employees.
The issue will constitute 17.50% of the fully diluted post issue paid up capital.
"The objects of this issue are to raise fresh capital that can be deployed in the acquisition of companies, businesses and products as well as to repay debt utilised in the acquisition of ClearOrbit Inc of US," said Srinivasan HR, vice chairman, TAKE Solutions.
As on March 31, 2007, together with its subsidiaries, TAKE Solutions has completed more than 2,500 software installations for over 250 customers ranging in size from multinational enterprises to medium- and smaller-sized companies.
TAKE Solutions acquired Texas based ClearOrbit, a supply chain execution and collaborative supply management solutions provider, in June 2007 for $20.6 million.
The company recently approved allotment of 900,000 shares to Galleon International Master Fund SPC and Passport India Investments (Mauritius). END
The price band of the 100% book building issue is Rs 675-730 per share. The issue closes Aug 7.
The IPO comprises a net issue to the public of 20,00,000 equity shares and a reservation of 1,00,000 shares for employees.
The issue will constitute 17.50% of the fully diluted post issue paid up capital.
"The objects of this issue are to raise fresh capital that can be deployed in the acquisition of companies, businesses and products as well as to repay debt utilised in the acquisition of ClearOrbit Inc of US," said Srinivasan HR, vice chairman, TAKE Solutions.
As on March 31, 2007, together with its subsidiaries, TAKE Solutions has completed more than 2,500 software installations for over 250 customers ranging in size from multinational enterprises to medium- and smaller-sized companies.
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TAKE Solutions acquired Texas based ClearOrbit, a supply chain execution and collaborative supply management solutions provider, in June 2007 for $20.6 million.
The company recently approved allotment of 900,000 shares to Galleon International Master Fund SPC and Passport India Investments (Mauritius). END
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