Takyon Networks
Book Building issueSMEBSE₹20.48 Cr issue
+3.43%
Listing gain over issue price
Issue size
₹20.48 Cr
1 lot at cut-off
₹1,08,000
Lot size
2,000shares
Open
30 Jul 2025
Close
01 Aug 2025
Allotment
04 Aug 2025
Listing
06 Aug 2025
Listing performance
Issue price
₹54
Listed at
₹55.85
Listing-day close
₹55.72
Latest price
₹15.11
Close on 23 Oct 2026
Listing gain
+3.43%
Return since issue
-72.02%
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 30 Jul 2025 – 01 Aug 2025
- Listing date
- 06 Aug 2025
- Face value
- ₹1 per share
- Issue price
- ₹54 per share
- Lot size
- 2,000 shares
- Issue type
- Book Building issue
- Listing at
- BSE
- Total issue size
- ₹20.48 Cr
- Market cap at offer price
- ₹77.34 Cr
- Promoter holding
- 100.00% → 73.52% pre-issue → post-issue
- ISIN
- INE14OX01013
- Registrar
- Cameo Corporate Services Ltd.
- Lead managers
- Hem Securities Ltd.
- Registered office
- CP 37, Viraj Khand, Gomti Nagar, Uttar Pradesh
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 10,68,000 | — | — |
| Market maker | 1,92,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹54
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,08,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,16,000 |
| S-HNI (max) | 9 | 18,000 | ₹9,72,000 |
| B-HNI (min) | 10 | 20,000 | ₹10,80,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Shares allocated
10,68,000
Anchor portion
₹5.77 Cr
at ₹54 per share
Valuation and performance
Valuation at offer price
₹54 per share
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.61 | 4.86 |
| P/E (×) | 8.17 | 11.11 |
| Price to book (×) | 2.01 | — |
| Market cap | — | ₹77.34 Cr |
Key performance indicators
Latest reported period
- Return on net worth
- 19.75%
- ROCE
- 24.43%
- Debt / equity
- 0.34
- PAT margin
- 6.75%
- EBITDA margin
- 11.83%
- NAV per share
- ₹33.45
- Price to book
- 2.01
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Takyon Networks
Takyon Networks Limited, incorporated on May 12, 2015 as a private limited company and converted to public limited on August 7, 2024, is an IT infrastructure solutions provider serving diverse clients across government, public sector undertakings, and corporate enterprises. The company generates revenue through turnkey IT solutions, IT networking solutions, data center solutions, IT security and surveillance, cloud and managed services, and maintenance and support services. For FY25, the company reported total income of ₹10,347.70 lakhs with profit after tax of ₹695.75 lakhs. The company is headquartered in Lucknow, Uttar Pradesh.
Company Analysis
from RHPTakyon Networks Limited provides comprehensive IT infrastructure and networking solutions including IT networking, data center, IT security, surveillance, cloud and managed services to government agencies and corporate enterprises.
Takyon Networks Limited, incorporated on May 12, 2015 as a private limited company and converted to public limited on August 7, 2024, is an IT infrastructure solutions provider serving diverse clients across government, public sector undertakings, and corporate enterprises. The company generates revenue through turnkey IT solutions, IT networking solutions, data center solutions, IT security and surveillance, cloud and managed services, and maintenance and support services. For FY25, the company reported total income of ₹10,347.70 lakhs with profit after tax of ₹695.75 lakhs. The company is headquartered in Lucknow, Uttar Pradesh.
IT Infrastructure and NetworkingCloud ServicesData Center ServicesCybersecurity and SurveillanceManaged Services
Objects of the Issue
- To Meet Working Capital Requirements ₹1,000.00 lakhs p.22
- Repayment of a portion of certain borrowing availed by our Company ₹300.00 lakhs p.22
- General Corporate Purpose p.22
- To Meet Working Capital Requirements ₹1,000.00 Lakhs p.66
- Repayment of a portion of certain borrowing availed by our Company ₹300.00 Lakhs p.66
- General Corporate Purpose [●] p.66
- Not explicitly stated in document
Issue Structure
- Total Issue
- ₹[●] Lakhs (up to 37,92,000 Equity Shares)
- Fresh Issue
- 37,92,000 Equity Shares of face value ₹10 each aggregating to ₹[●] Lakhs
- Offer for Sale
- Nil
- Price Band
- ₹[●] (Floor Price) to ₹[●] (Cap Price)
- Lot Size
- [●] equity shares and multiples thereof
- Face Value
- ₹10 per Equity Share
Business Model
The company earns revenue by providing: (1) IT networking solutions including switches, routers, wireless devices, Wi-Fi devices, security devices and related IT equipment; (2) data center solutions; (3) IT security and surveillance services; (4) cloud and managed services; (5) maintenance and support services through formal contracts. Revenue streams are diversified across government (61.25% in FY25) and non-government sectors (38.75% in FY25), with major verticals being Public Administration (35.34%), Telecommunication (20.95%), and Energy (15.59%).
Business Segments
IT infrastructure and networking solutions serving public administration entities
IT infrastructure and networking solutions serving telecommunication sector
IT infrastructure and networking solutions serving energy sector
IT infrastructure and networking solutions serving real estate sector
IT infrastructure and networking solutions serving IT and IT enabled services sector
IT infrastructure solutions for government agencies and public sector institutions
IT networking and infrastructure solutions for telecom companies
IT infrastructure solutions for energy and power sector clients
Offers complete networking services including fast and reliable network connectivity services to various enterprises with wired and wireless infrastructure security. Services include Optical Fiber and UTP for Voice, Data and Video, LAN Infrastructure, WAN Infrastructure, Point to Point and Point to Multipoint Outdoor Wireless Network, Indoor & Outdoor Wi-Fi hotspot, and Software Defined Network.
Provides high-performance network security solutions for internal segmentation and next-generation firewalls. Services include Next-Generation Firewall, Advanced Threat Protection, DDOS (Distributed Denial of Service), and End Point Security.
Offers effective Unified Communications and Virtual Collaboration services and Audio-Visual solutions. Services include IP Telephony, Video Conferencing, Interactive Boards & Display Solutions, Audio Setup for Meetings and Conference, Virtual Classroom Solution, Unified Communication Solution, Application based Call Centre Solution, and PA system for Conference Room.
Provides end-to-end security and surveillance solutions with proper maintenance and support facilities. Services include Advanced Traffic Management System, CCTV Surveillance, ANPR, FRS, RLVD, Video Analytical Solutions, Access Control System (Retina based, Biometric based), Full Body Scanner, and Boom Barrier.
Provides complete range of solutions for computing, data center switching, and security in converged and hyper-converged data center establishments. Services include Hardware and Software solutions specialized to meet rapidly changing equipment standards and technological demands, cloud-native data infrastructure, and simplified storage and data management.
Offers comprehensive range of cloud computing services including Platform as a Service (PaaS), Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Cloud Security. Services help clients gain competitive edge through enhanced agility and efficiency, reduced management costs, and new market opportunities.
Provides maintenance services to clients based on formal agreements for agreed tenure. Services include providing technical experts online or offline, routine check-up of systems, normal preventive maintenance, attending to breakdowns and emergencies, and facility management for monitoring, administration, diagnostics and trend-based consulting services for IT infrastructure.
Sales of IT infrastructure solutions including system integration, networking, data centers, IT security, surveillance, cloud and managed services
SWOT Analysis
Strengths
- • Established IT infrastructure solutions provider with diverse service portfolio(p.21)
- • Strong market position with significant government and PSU client base(p.27)
- • Diversified customer industry exposure across public and private sectors(p.27)
- • Positive financial trajectory with growing profitability(p.22)
- • End-to-end IT services across full business lifecycle(p.91)
- • Diversified customer base across government and private sectors(p.91)
- • Strong order book providing revenue visibility(p.92)
- • Experienced management with 23+ and 26+ years IT infrastructure expertise(p.92)
- • ISO and CMMI certifications demonstrating quality standards(p.90)
- • Authorization as System/Network Integrator and partnerships with leading OEMs(p.90)
- • Strong profitability growth with RoCE of 24.43% in FY25(p.91)
- • Experienced management with deep industry expertise(p.93)
- • Long-standing customer relationships across multiple sectors(p.93)
- • High customer concentration provides revenue stability(p.98)
- • Comprehensive service portfolio across IT infrastructure(p.94)
- • Qualified and experienced workforce(p.98)
- • ISO and CMMI certifications demonstrating quality standards(p.108)
- • Comprehensive end-to-end IT infrastructure solutions and services(p.167)
- • Strong certifications and quality management systems(p.167)
- • Experienced leadership with deep industry expertise(p.167)
- • Authorizations and partnerships with leading technology providers(p.167)
- • Growing profitability and strong financial performance(p.171)
Weaknesses
- • Heavy dependence on limited vendor base with no long-term contracts(p.27)
- • High concentration of revenue from few customer industries(p.27)
- • Significant working capital requirements and trade receivable management challenges(p.29)
- • Multiple corporate governance non-compliances and discrepancies(p.28)
- • Unsecured borrowings that can be recalled at any time(p.30)
- • Dependence on leased office premises from promoters(p.30)
- • High leverage with short-term borrowings of ₹1,036.22 lakhs as of March 31, 2025(p.43)
- • Significant trade receivables requiring working capital management(p.43)
- • Limited geographic presence concentrated primarily in Uttar Pradesh(p.90)
- • Heavy dependence on government sector revenue at 61.25%(p.92)
- • Significant bad debts of ₹100.11 lakhs in FY25 indicating collection challenges(p.45)
- • High customer concentration risk with top 5 customers representing 71.28% of revenue(p.98)
- • Significant reliance on short-term borrowings for working capital(p.130)
- • Unregistered corporate logo creating intellectual property vulnerability(p.99)
- • Declining cash position from operations(p.130)
- • Limited geographic diversification with operations primarily in Lucknow and Delhi(p.93)
- • Significant aging of trade receivables(p.153)
- • High inventory levels with significant unbilled stock held by third parties(p.152)
- • Dependence on limited geographic area for operations(p.167)
- • Reliance on small number of promoter-controlled entities(p.156)
- • Declining revenue trend in recent year(p.170)
Opportunities
- • Rapid growth of Indian IT industry with significant expansion potential(p.21)
- • Increasing government digitalization initiatives and infrastructure projects(p.27)
- • Strong order book position supporting near-term revenue visibility(p.29)
- • India's IT sector expected to reach $350 billion by 2026 with 10% GDP contribution(p.85)
- • Accelerating demand for cloud services with hyper-scale data centre investments exceeding $200 billion annually by 2025(p.86)
- • India's data centre market expected to reach $9.96 billion by 2028(p.88)
- • Government's India AI Mission with $1.2 billion allocation over 5 years(p.89)
- • Expansion into emerging geographies and new verticals(p.89)
- • Growth in digital transformation driven by 5G rollout and cloud adoption(p.89)
- • Expansion into emerging technologies like IoT and AI(p.93)
- • Growing adoption of cloud and managed services(p.96)
- • India's digital transformation driving IT infrastructure demand(p.101)
- • Growth in data center sector as India becomes a global hub(p.101)
- • Multi-layered customer engagement strategy for cross-selling(p.93)
- • Increasing demand for cybersecurity and network security solutions(p.94)
- • Growing demand for IT infrastructure and digital transformation(p.167)
- • Expansion into government and enterprise sectors(p.167)
- • Recent award for cybersecurity partnership of choice(p.167)
- • Expansion through market making arrangements post-listing(p.201)
Threats
- • Intense competition from larger, better-capitalized IT solutions providers(p.30)
- • Price volatility and supply disruptions in IT equipment markets(p.28)
- • Dependence on government tender processes and tender-related uncertainties(p.27)
- • Risk of project cancellation, delays or non-payment by customers(p.29)
- • Global economic slowdown and financial market instability(p.38)
- • Indian economic slowdown and inflation risks(p.38)
- • Regulatory and tax law changes affecting business operations(p.39)
- • Talent acquisition and retention challenges in competitive IT market(p.29)
- • COVID-19 pandemic and communicable disease risks(p.38)
- • Heightened policy uncertainty and adverse trade policy shifts globally(p.80)
- • Escalating geopolitical tensions and conflicts(p.80)
- • Intense competition in IT services with peers offering similar services(p.66)
- • Exposure to prevailing global economic slowdown affecting IT spending(p.82)
- • Volatility in commodity prices and oil affecting operating costs(p.81)
- • Rising competition in infrastructure software and data centre services(p.88)
- • Intense competition in IT infrastructure services market(p.99)
- • Regulatory changes in data protection and cybersecurity(p.100)
- • Rising interest rates and borrowing costs(p.131)
- • Difficulty in retaining skilled IT professionals(p.99)
- • Rapid technological obsolescence requiring continuous investment(p.99)
- • Insurance coverage may not be sufficient for all material hazards(p.99)
- • Intense competition and pricing pressure in IT services market(p.168)
- • Rapid technological change and need for continuous innovation(p.168)
- • Macroeconomic and political risks affecting government spending(p.168)
- • Regulatory and compliance changes affecting operations(p.168)
- • Talent retention and key personnel dependencies(p.168)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Manish Kumar Sharma | Promoter | 49.99% | 36.76% |
| Neeraj Kumar | Promoter | 49.99% | 36.76% |
| Manish Kumar Sharma | Promoter | 49.99% | 36.76% |
| Neeraj Kumar | Promoter | 49.99% | 36.76% |
| Manish Kumar Sharma | Promoter | 49.99% | — |
| Neeraj Kumar | Promoter | 49.99% | — |
| Manish Kumar Sharma | Promoter/Chairman & Managing Director | — | — |
| Neeraj Kumar | Promoter/Whole Time Director & CEO | — | — |
Leadership
Manish Kumar Sharma · Chairman & Managing Director
Neeraj Kumar · Chief Executive Officer & Whole Time Director
Nikhil Laxman Buran · Executive Director
Paresh Goyal · Executive Director
Vivek Singh · Chief Financial Officer
Pooja Sharma · Company Secretary & Compliance Officer
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.
Takyon Networks IPO FAQs
What is the lot size of Takyon Networks IPO?
The minimum lot size of Takyon Networks IPO is 2,000 shares. One lot costs ₹1,08,000 at the cut-off price.
When does Takyon Networks IPO open and close?
Takyon Networks IPO opened for subscription on 30 Jul 2025 and closed on 01 Aug 2025.
What is the listing date of Takyon Networks IPO?
Takyon Networks IPO listed on 06 Aug 2025.