August 4, 2007

Take Solutions Ltd -IPO Prospects

Take Solutions Ltd.

Issue opens August 1, 2007
Issue closes August 7, 2007
Price band Rs 675 - 730
Face value Rs 10
Issue size (Mn) 1,417 - 1,533
Market Cap (Mn) 8,100 - 8,760
Minimum bid size 9 shares
Multiples of 9 shares

Recommendation - Subscribe
Grade- Good - Hold for Long term for better returns

Company Info

The company is into providing software products and services for Supply Chain Management (SCM) and Life Sciences (LS) Verticals and have 16 products in SCM vertical and have 6 products under LS vertical.

Strategy

From 2007 onwards, the company acquired stakes in various companies to foray into automotive space in India, SCM in South East Asian market and for US markets and to pay debts from the money raised from this issue.

Comment

It will be debt free company in future. Promoters background is also good. People can subscribe to the issue.



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