The Takyon Networks IPO has opened the gates for public subscription, with investors keenly watching this new listing in the SME segment. Scheduled to open for bidding from 30th July to 1st August 2025, this IPO has generated interest despite its modest size of ₹20.48 crores. With the listing set for 6th August 2025 on the BSE SME platform, let’s break down whether this is a viable opportunity for medium-to-long-term investors.
IPO Overview: Basic Details
Takyon Networks is offering 37.92 lakh equity shares, all part of a fresh issue, with a price band of ₹51 to ₹54 per share. The face value stands at ₹10, and the lot size is 2,000 shares, making the minimum investment for retail participants ₹1,08,000.
| Detail | Information |
|---|---|
| IPO Opening Date | 30th July 2025 |
| IPO Closing Date | 1st August 2025 |
| Price Band | ₹51 to ₹54 per share |
| Issue Size | ₹20.48 crores (37.92 lakh shares) |
| Face Value | ₹10 per share |
| Lot Size | 2,000 shares |
| IPO Type | Bookbuilding IPO |
| Listing Exchange | BSE SME |
| Listing Date | 6th August 2025 |
| Registrar | Cameo Corporate Services Ltd |
Share Reservation Breakup
Takyon Networks has apportioned the IPO as per SEBI guidelines:
| Category | Shares Offered | % of Total Issue |
|---|---|---|
| QIB | 17,82,000 | 46.99% |
| Retail Investors | 5,46,000 | 14.40% |
| HNI/NII | 12,72,000 | 33.54% |
| Market Maker | 1,92,000 | 5.06% |
| Total | 37,92,000 | 100.00% |
Grey Market Premium (GMP) Analysis
As of 28th July 2025, the GMP is ₹0, suggesting muted investor enthusiasm in the unofficial market. Here’s the trend:
| Date | IPO Price | GMP | Estimated Listing Price | Est. Listing Gains |
|---|---|---|---|---|
| 28-07-2025 | ₹54 | ₹0 | ₹54 | 0.00% |
| 27-07-2025 | ₹54 | ₹0 | ₹54 | 0.00% |
| 26-07-2025 | ₹54 | ₹0 | ₹54 | 0.00% |
While the GMP is flat, this doesn’t always reflect actual listing performance. Investors should instead focus on fundamentals and financials.
Company Background
Incorporated in 2009, Takyon Networks Limited is a Noida-based IT infrastructure company offering end-to-end services in:
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System integration
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Surveillance
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Security solutions
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Cloud-based services
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Network architecture
The firm serves key clients from sectors like Government, Railways, Banking, and Education, with branches in Delhi and Kolkata.
Strengths:
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ISO & CMMI Level 3 Certified
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Diversified Client Base (including PSUs)
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Strong order book pipeline
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Government-backed contracts
Financial Performance Overview
Let’s review the financials of Takyon Networks to assess business viability:
| Metrics | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue (₹ Cr) | ₹63.97 | ₹108.25 | ₹103.48 |
| PAT (₹ Cr) | ₹2.81 | ₹5.22 | ₹6.96 |
| EBITDA (₹ Cr) | ₹5.19 | ₹10.05 | ₹12.20 |
| Net Worth (₹ Cr) | ₹22.86 | ₹28.17 | ₹35.22 |
| Total Assets (₹ Cr) | ₹69.67 | ₹72.83 | ₹85.70 |
| Borrowings (₹ Cr) | ₹18.64 | ₹18.37 | ₹12.08 |
Observations:
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Revenue saw a minor dip in FY25 but profits surged by 33%, showing better operational efficiency.
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Reduction in borrowings suggests improving balance sheet health.
Key Technical Metrics
Here’s a snapshot of critical valuation and profitability indicators:
| Metric | Value |
|---|---|
| PE Ratio (Pre-IPO) | 8.17 |
| PE Ratio (Post-IPO) | 11.12 |
| EPS (Pre-IPO) | ₹6.61 |
| EPS (Post-IPO) | ₹4.86 |
| ROE | 21.92% |
| RoNW | 19.75% |
| ROCE | 24.43% |
| EBITDA Margin | 11.83% |
| Price to Book Value | 2.01 |
| Market Cap | ₹77.34 crore |
The low PE ratio indicates an undervalued IPO, especially when compared to listed peers.
Peer Comparison
| Company Name | EPS | P/E Ratio | RoNW | Revenue (₹ Cr) |
|---|---|---|---|---|
| Takyon Networks Ltd | 6.61 | 8.17 | 19.75% | 108.25 |
| Allied Digital Services | 4.91 | 36.91 | 4.97% | 688.00 |
| Synoptics Technologies | 4.77 | 19.15 | 5.79% | 43.42 |
Takyon leads in terms of EPS and RoNW, positioning it as a strong contender among peers.
Promoter Holdings
| Stakeholder | Pre-Issue (%) | Post-Issue (%) |
|---|---|---|
| Promoters | 100.00% | 73.52% |
Promoters Manish Kumar Sharma and Neeraj Kumar will retain significant control post-listing, ensuring continuity and commitment.
IPO Objective
The primary goals for raising ₹20.48 crores include:
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Working capital funding
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General corporate purposes
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Partial debt repayment
These are typical and healthy signs for a growth-stage IT firm.
Investment Outlook: Should You Subscribe?
Expert Verdict:
“Takyon Networks operates in a competitive industry but maintains a profitable track record. Reasonable valuation and strong fundamentals make it a medium-to-long-term buy.”
— Dilip Davda, Market Analyst (Chittorgarh)
Pros:
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Low PE & high RoNW
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Broad government clientele
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Strong financial turnaround in FY25
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Debt reduction underway
Cons:
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GMP is flat, suggesting lukewarm listing expectations
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Limited brand visibility in retail circles
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SME segment listing (lower liquidity)
Subscription Details & Allotment
Application Bidding Limits:
| Category | Min. Shares | Max. Shares | Amount Range |
|---|---|---|---|
| Retail | 4,000 | 4,000 | ₹2,16,000 |
| S-HNI | 6,000 | 18,000 | ₹3,24,000–₹9,72,000 |
| B-HNI | 20,000 | N/A | ₹10,80,000+ |
Important Dates:
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Allotment Date: 4th August 2025
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Refund Date: 5th August 2025
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Listing Date: 6th August 2025
How to Apply for Takyon Networks IPO
Step-by-Step Guide:
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Open your demat account via Univest or other brokers.
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Select Takyon Networks IPO under the IPO section.
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Place your bid in multiples of 2,000 shares.
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Authorise the UPI mandate or make payment.
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Track your application and allotment via BSE or Cameo portal.
Allotment Status Check
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Visit BSE India
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Navigate to Equity > IPO Allotment
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Select “Takyon Networks IPO”
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Enter PAN or Application ID
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Click Submit
Alternatively, visit Cameo Corporate Services and follow similar steps.
Final Verdict: Apply or Avoid?
Despite its modest GMP, Takyon Networks IPO offers:
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Strong earnings growth
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Undemanding valuation
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Broad public and PSU clientele
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Debt reduction signals
For investors seeking value in the SME tech segment, this IPO offers good medium-to-long-term potential. However, do note that SME listings may carry liquidity risks.
Recommendation:
✅ Apply with a medium-term horizon of 12–24 months.
