TAKE Solutions Limited IPO Message Board (Page 13)

be patience and wait
koutons ipo it is rocking same way as vishal
please wait 2weeks

i think it take chance or high listing rate.

Dear Investor

TAKE Solutions Limited IPO is not good enough to invest for short term but long term prospect is very strong. Allotment is sure for 36shs @ Rs.730/-. Please one must not shock on the listing day as it may below its issue price about 550-575.
Patience and wait for 8-10 months will show the price for Rs.1,250/-.

Regards

in earlier message i had just given the clipping from the site. now the capital market has give ranking of 49. it is left to you to invest or note... happy investing

Excellent R&D Ritu!! You are helping lot of us to take care of hard earn money. Keep it up!!
Hope you would provide the same for comeing IPOs as well.
Thanks a lot!!

Dear All,
Since there is a quality discussion going on in this foram may I ask,I got "Insecticides" shares (IPO Rs.115),i APPLIED SISNCE THE PRICE WAS LOW,& now the price has gone to
Rs.85.Will it come up or it is a loss.Anyone can help/advice? Thanks in advance!

Ritu
good analysis.
By the way the market is showing dull response to IT sector(Rupee is becoming strong)!
Pls avoid.

Ritu,
Thanks for your report. Everyone please keep observations like this instead of giving some junk things.

Ritu the analysis is quite good. indeed very good. keep it up.

Ritu Varma

Excellent observation. No point in going for this IPO.Neglect at first instance itself..

Don't take!
Take Solutions is entering the capital market on 1st August 2007 with a public issue of 21 lakh equity shares of Rs.10 each in the price band of Rs.675 to Rs.730 per share.

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. 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.

The company kept growing by acquiring various companies in Asia and US. However, some of the acquisitions have not yielded any results like company acquired 51% in Megatrends Ltd. but subsequently divested it. Similarly, in 2004 Take Solutions Gulf WLL was incorporated to foray in Gulf market which was liquidated in January 2007. 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.

On consolidated basis for FY 07, the company had total income of Rs.182.83 crores on which PAT was placed at Rs.31.64 crores on equity base of Rs.9.37 crores resulting in an EPS of Rs.33.77. The present equity of the company is Rs.9.90 crores which would rise to Rs.12 crores, post issue. Promoters stake would fall to 59.32% from 71.90%. The net worth of the company as at 31-03-07 was Rs.87.78 crores while total debt was at Rs.138 crores. The spurt in the performance of the company came only in FY 07. Consolidated PAT from FY 03 to FY 06 was just Rs.11.80 crores on total aggregate income of Rs.96.30 crores. Due to various acquisitions, debt of the company rose to Rs.138 crores from Rs.41 crores in FY 06. Even sundry debtors of Rs.78.50 crores as at 31-03-07 is quite high compared to topline of Rs.183 crores of FY 07. A debtor cycle of over 5 months.

The company has now estimated a fund requirement of about Rs.142 crores of which Rs.104 crores is for repayment of debt availed for acquisitions in the past and for pre-payment of term loan. Rs.38 crores 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 crores for FY 07 EPS translates to Rs.26.36 on expanded equity base of Rs.12 crores. 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.

HI,

This company is very small. Shriram Group of Chennai has some strategic stake in this company. It is relatively very small company. We can call it as Tier-IV company.... Price is very expensive... In future, they might perform well with the help of their promoters.

Since, there is a mad rush in IPO, this issue will also be over subsribed. But, it is a very expensive shares compare to Mastek, Haexaware, Geometric, Calfsoft.

Better avoid this issue.. Of course, listing gains would be there in this bull run.

Please read other sides carefully and then subscribe to this issue.

Regards
Ranga

Dear Friend this is so expensive issue and so small issue so apply in other issue avoid it

Hi, It is too much expensive compare to Zylog, Everron & Omnitech. Issue size also low so no chance to allotment don't go for it.

Hi,
Expensive but good issue. apply.