The IPO, open from July 30 to August 1, was entirely a fresh issue of 37.92 lakh shares and saw an impressive overall subscription of 21.77 times.
The non-institutional investor (NII) segment was the most aggressive, subscribing 37 times, while the retail quota was picked up 19.99 times and the QIB portion saw 13.29 times subscription. The anchor book raised Rs 5.77 crore a day before the issue opened.
Takyon Networks, established in 2009, is a provider of end-to-end IT infrastructure and networking solutions. The company caters to a wide range of sectors including education, government, defense, healthcare, telecom, and hospitality.
Its services span digital transformation, system integration, network security, video conferencing, AMC, and facility management. Headquartered in Noida, with branch offices in Delhi and Kolkata, the company employs over 500 people as of June 2025.
The proceeds from the issue are planned to be used towards working capital needs (Rs 10 crore), partial loan repayment (Rs 3 crore), and general corporate purposes.Financially, Takyon Networks reported a 33% increase in profit after tax to Rs 6.96 crore for FY25, though revenue dipped slightly by 4% to Rs 103.48 crore. Despite this, the absence of a grey market premium has raised questions over post-listing sentiment.Whether the stock moves meaningfully beyond its issue price will likely depend on the market’s perception of its growth roadmap and execution post-listing.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
