Takyon Networks Limited, a provider of turnkey IT infrastructure and system integration solutions, is all set to launch its Initial Public Offering (IPO) on July 30, 2025, aiming to raise ₹20.48 crore through a Book Built Issue. The IPO, which closes on August 01, 2025, consists solely of a fresh issue of 37.92 lakh equity shares, and will be listed on the NSE SME platform with a tentative listing date of August 06, 2025.

The price band for the IPO has been fixed at ₹51 to ₹54 per equity share, and the minimum lot size is 2,000 shares. Retail investors must apply for at least 2 lots (4,000 shares), which amounts to a minimum investment of ₹2,16,000. At the upper end of the price band, the post-issue market capitalisation of the company will be approximately ₹77.33 crore.

Business Overview

Established in 2009, Takyon Networks has steadily grown its offerings from voice and data systems to a full spectrum of IT infrastructure services, including:

• System integration

• Video conferencing

• Surveillance and security systems

• Network security

• Power conditioning

• Customised software solutions

Over the years, Takyon has catered to numerous government and corporate clients, creating a robust foundation for growth and reputation in the Indian IT infrastructure industry.

Leadership and Promoter Strength

The company is driven by a highly experienced team:

• Mr. Manish Kumar Sharma (Chairman & MD) with over 23 years of experience

• Mr. Neeraj Kumar (CEO & Whole-Time Director) with 26+ years of experience

Their technical know-how and leadership have been pivotal in scaling the company’s services and expanding their clientele.

Anchor Investor Participation

Ahead of the IPO opening, anchor investors have subscribed for ₹5.76 crore worth of shares at the upper price band of ₹54. A total of 10,68,000 equity shares were allocated to anchor investors, signaling strong institutional interest and confidence in the business model.

IPO Objectives

Takyon Networks aims to utilize the net proceeds from the IPO for the following purposes:

1. ₹10 crore for working capital requirements, ensuring smooth operations and supporting future projects.

2. ₹3 crore for the repayment of certain borrowings, thereby improving the company’s debt profile.

3. Remaining proceeds for general corporate purposes, strengthening overall financial flexibility.

Financial Performance Overview

Takyon Networks has shown consistent financial growth over the last three financial years:

• Revenue from Operations:

  • FY25: ₹10,347.70 lakh

  • FY24: ₹10,824.54 lakh

  • FY23: ₹6,396.60 lakh

• EBITDA:

  • FY25: ₹1,278.53 lakh

  • FY24: ₹1,109.38 lakh

  • FY23: ₹633.28 lakh

• Profit After Tax (PAT):

  • FY25: ₹695.75 lakh

  • FY24: ₹522.31 lakh

  • FY23: ₹281.17 lakh

This financial trajectory illustrates strong revenue and profit growth, showcasing the company's resilience and operational efficiency.

Key Valuation Metrics

• Pre-Issue EPS (FY24): ₹6.61

• Post-Issue EPS (FY24): ₹4.86

• Pre-Issue P/E Ratio: 8.16x

• Post-Issue P/E Ratio: 11.12x

• Industry P/E Benchmark: 28x

• Return on Capital Employed (ROCE): 24.43%

• Return on Equity (ROE): 21.92%

• Return on Net Worth (RoNW): 19.75%

These metrics indicate that the IPO is reasonably priced, especially when compared with industry peers, making it a potential value opportunity for risky investors.

Grey Market Premium (GMP) Insights

As of July 28, 2025, the Grey Market Premium (GMP) for Takyon Networks IPO is ₹14, suggesting a potential listing price of ₹68 per share. This indicates a possible listing gain of nearly 49.95% over the upper band price of ₹54. While GMPs are unofficial, they often reflect market sentiment and demand.

However, it’s crucial to note that Grey Market trading is unregulated, and the premium is purely demand-driven. It should only be considered for informational purposes and not as a sole basis for investment.

IPO Allotment and Listing Schedule

• IPO Opens: July 30, 2025

• IPO Closes: August 01, 2025

• Allotment Finalisation: August 04, 2025 (Monday)

• Tentative Listing Date on NSE SME: August 06, 2025 (Wednesday)

How to Check Allotment Status

Investors can check the allotment status after August 4, 2025, through the registrar's website:

1. Visit the IPO allotment status page of CAMEO CORPORATE SERVICES LIMITED

2. Select Takyon Networks Limited IPO from the dropdown list

3. Enter Application Number / PAN / DP Client ID

4. Submit the details to view the status

Review Summary and Recommendation

Takyon Networks stands out with:

• A diversified and scalable business model

• Strong leadership with industry experience

• Healthy financial performance and consistent profit growth

• Reasonable valuation compared to sector averages

• Positive GMP trends indicating high demand

Given the ₹14 GMP, anchor investor participation, and robust financials, the IPO is likely to attract investors seeking listing gains. Therefore, the IPO is recommended for risk-taking investors looking for short-term upside potential.

However, long-term investment decisions should be based on ongoing financial health, execution of expansion strategies, and macroeconomic trends in the IT infrastructure sector.

Disclaimer:
This review is intended for informational and educational purposes only. It should not be considered as investment advice or recommendation. Investment in securities markets is subject to market risks. Investors are advised to read all offer documents carefully and consult with their financial advisors before making any investment decision. The performance data and views provided herein are based on publicly available information as of the date of publication and are subject to change without notice.

The Upcoming IPOs in this week and coming weeks are Highway Infrastructure, Flysbs Aviation, Part Electricals & Engineering, Jyoti Global Plast, M&B Engineering, Cash Ur Drive Marketing, Renol Polychem, Jyoti Global Plast, Takyon Networks, Mehul Colours, Sri Lotus Developers & Realty, Jyoti Global Plast, B.D. Industries (Pune), NSDL.

The Current active IPO are Aditya Infotech, Lakshmi India Finance, Kaytex Fabrics, Umiya Mobile, Repono, Shree Refrigerations, Sellowrap Industries, Shanti Gold International, Patel Chem Specialities.

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