1. How was the response to the IPO?
- The IPO was subscribed 2.95 times. The overall bids received stood at 16,430,220 shares as against the total issue size of 5,500,000 shares.
- The company had fixed the price band at Rs. 130 to Rs. 150 per share.
- Punjab National Bank(PNB) Investment services, a unit of PNB was the book running lead manager.
- Taksheel Solutions was planning to raise Rs. 800Mn via the IPO.
2. What is the revenue mix?
About 50% of our revenue comes from Wealth Management Solutions and remaining 50% comes from Business Intelligence and Data Warehousing.
3. What are hiring plans?
Our client employee strength stands at 70. We already started Application Development and Application Maintenance centers at Hyderabad and Warangal that can seat up to 500 people.
