TAKE Solutions Limited IPO Message Board (Page 12)

SP Tulsian(Investment Advisor) advices is avoid this IPO

he 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. Upto 31-03-07 the company completed more than 2,500 software installations for over 250 customers which are mainly MNCs, Medium and Small sized companies.



During 2004 to 2007, the company acquired stakes in various companies to foray into automotive space in India, SCM in South East Asian market and for US markets.



Due to various acquisitions, debt of the company rose to Rs 138 crore from Rs.41 crores in FY 06. Even sundry debtors of Rs 78.50 crore as at 31-03-07 is quite high compared to topline of Rs 183 crore of FY 07. A debtor cycle of over 5 months.



The company has now estimated a fund requirement of about Rs 142 crore of which Rs 104 crore is for repayment of debt availed for acquisitions in the past and for pre-payment of term loan. Rs 38 crore has been earmarked for product development and enhancement of domestic infrastructure facilities. Acquisition of companies/business/products seems to be main focus for which no fund has been earmarked The entire fund is being mobilized from the proposed issue.



Since major chunk of the fund shall get used for loan repayment nothing much shall get used for improved performance. Considering PAT of Rs 31.64 crore for FY 07 EPS translates to Rs 26.36 on expanded equity base of Rs 12 crore. At the upper band of Rs 730, share is richly valued at a PER of close to 28. No doubt, product IT companies are always richly valued, but this is quite steep.



Also due to low market perception for IT stocks, investment is not recommended in the issue.

is there any posibility in take solutions of allotment if i apply for 63 shares @ 730.will i get the allotment as a retail investor ?

dear friend
for running ipos only take is good enough to apply and no ipos are in pipeline for next few days so no way to be in cash so apply in take i think i\t will give good returns on listing as grey mkt prm is 400 410
thnks

WHEN CAPITAL MARKET GIVES RATING OF 49.ONE MUST APPLY IN THIS IPO WITHOUT WORRYING TOO MUCH .I THINK WE R BOUND TO GET SOMETHING ON LISTING. THIS IS MY PERSONAL VIEW. TAKE YOUR OWN DECISION. HAPPY INVESTING.

With a current employee base of around 400,
Take Solutions intends to increase its headcount to 500 by adding 100 BPO Resources.

1.Price band too aggresive
2.Not a big Firm..

Think twice before stepping in

next 6 days market will go down more 1000points
so no better time apply in ipos.

this is not a good issue. those who love their money in this volatile market please do not apply as its highly overvalued ipo till date in this fin year. rest >>all the best

this is a very good issue and will give good return

Dear Friends,
It wont be worth enough to apply if it gets subscribs more than 30 times because allotment chances would come down. Since the market lot is only 9, it wont yield you big returns immediately. Grey market premium is around 350 to 400 so if some one gets an allotment he wont earn more than 3600. So think twice before investing in this ipo. Dont just see the grey market premium alone.

It is good issue. Premiun of this issue is around 400Rs.

Valuations

The stock appears expensive as it is aggressively priced at 19x at the lower band and 20x at the upper price band based on Rs 35.03 diluted EPS for FY07. The company operates in a niche area with very few companies with which it can be compared with. On a broader basis with most small and mid – cap IT companies trading at a PE of 10-12x, the issue seems very steeply priced with not much of upside left on listing. We advise investors to avoid the issue.

avoid take soluutions

wait till last day . see the market mood on this issue and apply .

COULD SOMEBODY TELL ME THE GRAY MARKET PREMIUM OF TAKE SOLUTIONS

Hi,
Its expensive but with good returns in the long run. Rate
will increase in 4-5 months.Recommend apply.

TAKE SOLUTIONS
Don't take!
Only 6 lkh share retailers will get NIL

Buy wipro,infy TCS

Mindtree over subscribed morethan 100 times now available at 640 rs

Better buy wipro target of 545 curent price 492

Avoide this issue better to put your money in TCS or infosys
or one can buy India bulls for good margin even in dull mkt.

Demerger is due for India bulls fin.

Hi
Some body declared that HDIL also not good and not to
invest in IPO. But to day have u seen the rate it gone to 660.00 per share. But I have missed the chance.

I told all of you Take is not just type the losting date itself comes Rs 1150.00 so dont miss this oppurtunity.

DONOT TAKE.
SOLUTION: 1 TAKE in 730 = 2 ZYLOG in 350

any idea about listing gain of this issue