The Takyon Networks IPO is generating significant buzz as it prepares to list on the BSE SME platform. This comprehensive guide provides everything potential investors need to know about this upcoming offering, analyzing its details, financials, risks, opportunities, and the crucial Grey Market Premium (GMP) dynamics.
Takyon Networks IPO Details
Takyon Networks Ltd. is entering the capital markets with a pure fresh issue, aiming to raise capital for growth and debt reduction. Here’s the essential snapshot:
| Parameter | Details |
|---|---|
| IPO Type | Book Built Issue (100% Fresh Issue) |
| IPO Dates | Opens: July 30, 2025 Closes: August 1, 2025 |
| Price Band | ₹51 to ₹54 per share |
| Face Value | ₹10 per share |
| Lot Size | 2,000 Shares |
| Min Retail Investment | 1 Lot = 2,000 Shares = ₹102,000 to ₹108,000 (₹51-₹54 x 2000) |
| Total Issue Size | 37,92,000 shares aggregating up to ₹20.48 Crores (at upper band) |
| Market Maker Portion | 1,92,000 shares (₹1.04 Cr) – Hem Finlease Private Limited |
| Net Public Offer | 36,00,000 shares (₹19.44 Cr) |
| Listing Exchange | BSE SME |
| Pre-IPO Shares | 1,05,30,000 shares |
| Post-IPO Shares | 1,43,22,000 shares |
| Issue Manager | Hem Securities Limited |
| IPO Registrar | Cameo Corporate Services Limited |
Key Takeaway: This is a relatively small-sized SME IPO focused on raising fresh capital for operational growth and financial stability.
About Takyon Networks Ltd.: The Company Behind the IPO
Founded in 2009 and headquartered in Lucknow, Takyon Networks is an established Indian IT solutions provider specializing in digital transformation services. The company caters to a diverse clientele across critical sectors:
- Core Sectors: Government, Education, Banking, Railways, Defence, Telecom, Healthcare, Hospitality, Manufacturing, Media, Corporate Enterprises.
- Geographical Reach: Headquartered in Lucknow with branch offices in Delhi and Kolkata.
Core Service Offerings:
- IT Infrastructure Solutions: End-to-end services including networking, cloud services, data center setup & management, IT security, audio-visual collaboration, and surveillance systems.
- Annual Maintenance (AMC) & Facility Management (FMS): Comprehensive support contracts offering onsite technical expertise, system health checks, and proactive IT infrastructure management.
Competitive Strengths:
- End-to-End Capability: Provides integrated solutions covering the entire IT infrastructure lifecycle.
- Diversified Clientele: Reduces dependency on any single sector; strong presence in government and large enterprises.
- Strong Order Book: As of recent disclosures, exceeding ₹77.20 Crores, providing revenue visibility.
- Experienced Team: Led by promoters Manish Kumar Sharma and Neeraj Kumar.
Employee Base: 533 employees (as of June 30, 2025).
IPO GMP (Grey Market Premium) Today – July 2025
(Disclaimer: GMP is an unofficial, unregulated market indicator. It reflects speculative sentiment, not guaranteed listing performance. Data is volatile and subject to change.)
- Current Takyon Networks IPO GMP (as of late July 2025): ₹[Insert Latest GMP – e.g., 8-12].
- Estimated Listing Price (Based on GMP): ₹[e.g., 59-66] (Issue Price + GMP).
- Market Sentiment: The GMP indicates moderate to positive grey market interest. Factors influencing this include the SME segment’s recent performance, the company’s order book strength, and overall market conditions. Investors should monitor reliable financial news sources daily as the IPO opens for any GMP shifts.
Note: GMP fluctuates daily. Check our IPO GMP Tracker for real-time updates.
Takyon Networks Financial Performance (Restated Consolidated)
Takyon Networks displays a trajectory of growth, although FY25 saw a slight revenue dip countered by improved profitability.
| Financial Metric (₹ Crores) | FY 2025 (Mar 31) | FY 2024 (Mar 31) | FY 2023 (Mar 31) | Change (FY25 vs FY24) |
|---|---|---|---|---|
| Total Assets | 85.70 | 72.83 | 69.67 | +17.67% |
| Revenue from Operations | 103.48 | 108.25 | 63.97 | -4.41% |
| Profit After Tax (PAT) | 6.96 | 5.22 | 2.81 | +33.33% |
| EBITDA | 12.20 | 10.05 | 5.19 | +21.39% |
| Net Worth | 35.22 | 28.27 | 22.86 | +24.58% |
| Reserves & Surplus | 24.69 | 24.76 | 19.35 | -0.28% |
| Total Borrowings | 12.08 | 18.37 | 18.64 | -34.24% |
Financial Analysis:
- Revenue Dip (FY25): The 4.4% decline needs scrutiny (check RHP for reasons – project timing, client delays?).
- Profitability Surge: A sharp 33% jump in PAT despite lower revenue highlights significant cost control or operational efficiencies. Reduced borrowings (-34%) likely lowered finance costs.
- Strengthening Balance Sheet: Assets and Net Worth show healthy growth, while a substantial reduction in debt improves financial health.
- Margin Improvement: Both EBITDA and PAT margins expanded notably in FY25.
IPO Application & Lot Size Details
- Lot Size: 2,000 Shares.
- Minimum Application: 1 Lot = 2,000 Shares.
- Investment Amount Range:
- Retail Min/Max: ₹102,000 (₹51 x 2000) to ₹108,000 (₹54 x 2000) per application. Retail investors can only apply for a maximum of ₹2 Lakhs worth of shares, which in this case is covered by 1 lot.
- HNI Categories:
- S-HNI (Min): 3 Lots (6,000 Shares) = ₹3,06,000 to ₹3,24,000
- S-HNI (Max): 9 Lots (18,000 Shares) = ₹9,18,000 to ₹9,72,000
- B-HNI (Min): 10 Lots (20,000 Shares) = ₹10,20,000 to ₹10,80,000
- How to Apply: Via ASBA process through your bank account or trading platform (like Zerodha, Upstox, ICICI Direct, HDFC Securities). Ensure UPI mandate confirmation is completed by 5 PM on August 1, 2025.
IPO Reservation Quota
The total issue of 37,92,000 shares is allocated as follows:
| Investor Category | Shares Offered | Percentage of Total Issue |
|---|---|---|
| Market Maker | 1,92,000 | 5.06% |
| Qualified Institutional Buyers (QIB) | 17,82,000 | 46.99% |
| Non-Institutional Investors (NII/HNI) | 5,46,000 | 14.40% |
| Retail Individual Investors (RII) | 12,72,000 | 33.54% |
| Anchor Investors | 10,68,000 | *28.16% (Pre-IPO Placement)* |
| Total | 37,92,000 | 100.00% |
*Note: The Anchor Investor portion (10,68,000 shares) is a separate pre-IPO placement carved out from the total shares offered, primarily from the QIB quota.*
IPO Promoter Holding Details
- Pre-IPO Promoter Holding: 100.00% (Held by Manish Kumar Sharma and Neeraj Kumar).
- Post-IPO Promoter Holding: 73.52%.
- Equity Dilution: 26.48% (Due to the fresh issue of 37.92 lakh shares).
Significance: The high post-IPO promoter holding indicates strong skin in the game and alignment with minority shareholder interests.
IPO Timeline (Tentative Schedule)
| Event | Date |
|---|---|
| IPO Open Date | Wednesday, July 30, 2025 |
| IPO Close Date | Friday, August 1, 2025 |
| Cut-off for UPI Mandate Confirmation | 5 PM, August 1, 2025 |
| Tentative Allotment Date | Monday, August 4, 2025 |
| Initiation of Refunds | Tuesday, August 5, 2025 |
| Credit of Shares to Demat | Tuesday, August 5, 2025 |
| Tentative Listing Date | Wednesday, August 6, 2025 |
| Anchor Lock-in End (50% Shares) | September 3, 2025 (30 Days) |
| Anchor Lock-in End (Remaining 50%) | November 2, 2025 (90 Days) |
IPO Investor Category Reservations
- Retail Individual Investors (RII): Reserved 33.54% (12,72,000 shares). Defined as applications up to ₹200,000.
- Non-Institutional Investors (NII/HNI): Reserved 14.40% (5,46,000 shares). Applications above ₹200,000. Includes corporates, trusts, and wealthy individuals.
- Qualified Institutional Buyers (QIB): Reserved 46.99% (17,82,000 shares). Includes FIIs, DIIs (Mutual Funds, Banks, Insurance Companies), FPIs, etc. The Anchor portion is part of this.
- Market Maker: Reserved 5.06% (1,92,000 shares) to ensure post-listing liquidity.
IPO Anchor Investor Details
Takyon Networks secured commitments from Anchor Investors ahead of the public opening, raising ₹5.77 Crores.
- Anchor Bid Date: July 29, 2025
- Anchor Shares Allotted: 10,68,000 Shares
- Anchor Portion Size: ₹5.77 Crores (Based on the Anchor allotment price, likely near the upper band)
- Lock-in Period:
- 50% of Shares: Lock-in ends September 3, 2025 (30 days from allotment).
- Remaining 50% Shares: Lock-in ends November 2, 2025 (90 days from allotment).
Significance: Anchor participation signals institutional confidence in the company’s fundamentals and the IPO valuation.
Key Performance Indicators (KPIs) & Valuation
Takyon Networks shows healthy operational efficiency and profitability metrics. Valuation appears reasonable relative to peers.
| KPI | Value (FY25) | Description & Significance |
|---|---|---|
| Return on Equity (ROE) | 21.92% | Measures profit generated per shareholder rupee. Strong. |
| Return on Capital Employed (ROCE) | 24.43% | Measures efficiency of total capital use (equity+debt). Strong. |
| Return on Net Worth (RoNW) | 19.75% | Similar to ROE. Healthy. |
| Debt-to-Equity Ratio | 0.34 | Low leverage, indicating lower financial risk. Comfortable. |
| PAT Margin | 6.75% | Net profit as % of revenue. Improved significantly in FY25. |
| EBITDA Margin | 11.83% | Operating profit as % of revenue. Improved significantly in FY25. |
| Price to Book Value (P/BV) | 2.01 (Post-IPO) | Market price relative to net asset value per share. Reasonable. |
| Earnings Per Share (EPS) – Pre-IPO | ₹6.61 | Based on pre-issue shares & FY25 PAT. |
| Earnings Per Share (EPS) – Post-IPO | ₹4.86 | Based on post-issue shares & FY25 PAT. |
| Price-to-Earnings (P/E) – Pre-IPO | 8.17x | Issue Price (Upper Band) / Pre-IPO EPS. Attractive. |
| Price-to-Earnings (P/E) – Post-IPO | 11.12x | Issue Price (Upper Band) / Post-IPO EPS. Moderate. |
Verdict: KPIs point towards a fundamentally sound company with improving profitability and efficient capital use. Pre-IPO P/E is attractive, while post-IPO P/E is moderate for the sector.
Takyon Networks Ltd. Contact Details
- Registered Office:
Takyon Networks Ltd.
CP 37, Viraj Khand,
Gomti Nagar,
Lucknow, Uttar Pradesh – 226010 - Phone: +91-0522-6656617
- Email: cs@takyon.co.in
- Website: https://takyon.co.in/
Takyon Networks IPO Registrar Details
- Registrar Name: Cameo Corporate Services Limited
- Phone: +91-44-28460390
- Email: ipo@cameoindia.com
- Website: https://ipo.cameoindia.com/
- IPO Status Link: Check Takyon IPO Allotment Status (Link active post-closing)
IPO Recommendation: To Subscribe or Not?
Analysis:
- Strengths (Pros):
- Strong Order Book: Over ₹77 Cr provides clear revenue visibility.
- Diversified Clientele: Reduces sector-specific risks; strong government/PSU ties.
- Improving Profitability: Significant jump in PAT and margins in FY25.
- Reduced Debt: Lower leverage improves financial flexibility.
- Experienced Promoters: Founders deeply involved since inception.
- Reasonable Valuation: Post-IPO P/E of ~11x is acceptable for a growing SME IT player.
- Anchor Participation: Signals institutional confidence.
- Weaknesses/Risks (Cons):
- Revenue Decline (FY25): Needs explanation (RHP reason? One-off or trend?).
- Vendor Concentration: Reliance on few suppliers poses supply chain risks.
- Customer Concentration: Dependence on key clients in specific sectors.
- Government Project Reliance: Bidding success and qualification are crucial and competitive.
- SME Segment Volatility: SME listings can experience higher price swings.
- Limited Operating History Disclosure: Detailed multi-year track record needed.
Recommendation: Based on the strengths outweighing the risks, the improving financial profile, the strong order book, and reasonable valuation, this IPO warrants a “SUBSCRIBE” rating, particularly for investors with a moderate risk appetite and a medium-term horizon. However, investors should be mindful of SME volatility and monitor GMP trends closer to listing.
IPO RHP/DRHP: The Information Bible
- What it is: The Red Herring Prospectus (RHP) or Draft Red Herring Prospectus (DRHP) is the legal document filed with SEBI and stock exchanges. It contains exhaustive details about the company, its business, financials, risks, management, objectives of the issue, and legal matters.
- Importance: Essential reading for any serious investor. It provides the basis for the analysis presented here.
- Access: The final RHP for the Takyon Networks IPO should be available on:
- BSE SME website Takyon Networks IPO DRHP
- SEBI website:Takyon Networks IPO RHP
- Lead Manager’s website (Hem Securities Ltd.)
- Registrar’s website (Cameo Corporate Services Ltd.)
Takyon Networks IPO Review: Deep Dive
Industry Outlook: India’s IT sector is a powerhouse, projected to reach US$350 billion by 2026 (NASSCOM) and contribute 10% to GDP. Demand for digital transformation, cloud services, cybersecurity, and infrastructure management is surging. Takyon operates squarely within this high-growth ecosystem, particularly targeting government and enterprise digitization – a key national priority. Read more about India’s IT growth drivers: Persistent Systems Analysis.
Company Positioning: Takyon differentiates itself through its end-to-end solutions model, covering everything from design and integration to ongoing maintenance (AMC/FMS). Its focus on government and large enterprise projects provides stability, though it brings bidding and qualification challenges. The strong ₹77 Cr+ order book is a major positive, indicating execution capability and client trust.
Financial Review Recap: The FY25 financials present a mixed but overall positive picture. The revenue dip is a concern requiring RHP scrutiny, but the dramatic improvement in profitability (PAT +33%) and the significant debt reduction (-34%) are strong positives. Key margins (EBITDA, PAT) expanded healthily. The balance sheet is stronger post-debt repayment.
Investment Thesis: Takyon Networks offers exposure to India’s core IT infrastructure growth story, particularly in government and enterprise digitization. Its improving profitability, reduced debt, strong order book, and reasonable valuation make it an attractive SME IPO proposition. Risks exist (revenue trend, vendor/client concentration, SME volatility), but the fundamentals appear solid for its scale.
Takyon Networks IPO FAQs (Frequently Asked Questions)
- Q: What is the Takyon Networks IPO?
- A: It’s an initial public offering where Takyon Networks Ltd. is issuing 37.92 lakh fresh shares to raise up to ₹20.48 Cr for working capital, debt repayment, and corporate purposes. Listing on BSE SME.
- Q: When does the Takyon Networks IPO open and close?
- A: It opens on July 30, 2025, and closes on August 1, 2025.
- Q: What is the Takyon Networks IPO price band?
- A: The price band is ₹51 to ₹54 per share.
- Q: What is the lot size and minimum investment?
- A: The lot size is 2,000 shares. The minimum investment is ₹102,000 (1 lot at ₹51) to ₹108,000 (1 lot at ₹54).
- Q: How can I apply for the Takyon Networks IPO?
- A: Apply via the ASBA process through your net banking account or stockbroker platform (e.g., Zerodha, ICICI Direct, HDFC Securities). Use your UPI ID for mandate blocking.
- Q: When is the Takyon Networks IPO allotment date?
- A: The tentative allotment date is Monday, August 4, 2025.
- Q: When will Takyon Networks IPO shares list?
- A: The tentative listing date on BSE SME is Wednesday, August 6, 2025.
- Q: What is the current Takyon Networks GMP?
- A: GMP is volatile. As of late July 2025, it’s reported around ₹0. Check reliable financial news sources daily. (e.g., Moneycontrol, Economic Times).
- Q: What are the key strengths of Takyon Networks?
- A: Strong order book (>₹77 Cr), diversified client base (Govt, PSUs, Corporates), improving profitability (PAT up 33% in FY25), reduced debt, end-to-end service capability.
- Q: Should I invest in the Takyon Networks IPO?
- A: Based on analysis (strong order book, improving financials, reasonable valuation), it receives a “SUBSCRIBE” recommendation for moderate-risk investors. However, consider risks (revenue dip, concentration risks, SME volatility) and do your own research (read RHP). Review IPO analysis like Aditya Infotech IPO for comparison.
