Take Solutions IPO subscribed 57 pc on day one
The initial public offer of Take Solutions got 57 per cent subscribed on the first day of its offer.
By PTI |
MUMBAI: The initial public offer of life sciences and supply chain management solutions firm, Take Solutions, got 57 per cent subscribed on the first day of its offer.
As per the data available on the bourses, the IPO has received bids for 12.05 lakh shares against the 21 lakh shares on offer.
The price for the IPO has been between Rs 675 and Rs 730 per share.
Through the IPO, which opened today and closes on August 1, Take Solutions expects to raise between Rs 141.75 crore at the lower end of the price band and Rs 153.30 crore at its upper end.
The company would use the proceeds of the IPO for repayment of loans, product development and to build a war chest for mergers and acquisitions.
TAKE Solutions had recently acquired two US-based companies, OnSphere Corporation and Applied Clinical Intelligence LLC (ACI), for a cash consideration of 2.75 million dollars and 2.4 million dollars respectively.
The company had recently made a pre-IPO placement of nine lakh equity shares to Galleon International Master Fund SPC and Passport India Investments (Mauritius).
It has hired Edelweiss Capital Ltd as its lead manager.
As per the data available on the bourses, the IPO has received bids for 12.05 lakh shares against the 21 lakh shares on offer.
The price for the IPO has been between Rs 675 and Rs 730 per share.
Through the IPO, which opened today and closes on August 1, Take Solutions expects to raise between Rs 141.75 crore at the lower end of the price band and Rs 153.30 crore at its upper end.
The company would use the proceeds of the IPO for repayment of loans, product development and to build a war chest for mergers and acquisitions.
TAKE Solutions had recently acquired two US-based companies, OnSphere Corporation and Applied Clinical Intelligence LLC (ACI), for a cash consideration of 2.75 million dollars and 2.4 million dollars respectively.
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The company had recently made a pre-IPO placement of nine lakh equity shares to Galleon International Master Fund SPC and Passport India Investments (Mauritius).
It has hired Edelweiss Capital Ltd as its lead manager.
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