Takyon Networks Limited IPO: Strong Demand and Steady Fundamentals Indicate Promising Debut

Takyon Networks, a system integrator in IT infrastructure services, is set to make its stock market debut via an SME IPO on the NSE SME platform, with the listing tentatively scheduled for Wednesday, August 6, 2025. The issue size stands at ₹20.48 crore, comprising a fresh issue of 37.92 lakh equity shares in a book-built price band of ₹51–₹54 per share.

Founded in 2009, Takyon Networks has carved a niche in offering turnkey IT solutions across voice, data systems, system integration, surveillance, security, and software development. The company’s clientele includes numerous government and enterprise clients, which underscores its operational credibility.

IPO Subscription and Grey Market Premium

As of 11:30 AM on July 31, 2025, the IPO was subscribed 2.15 times, with interest across retail and institutional investors. A total of ₹5.76 crore was raised from anchor investors, who subscribed at the upper band price of ₹54 per share, indicating early confidence in the company.

The Grey Market Premium (GMP) for Takyon Networks stands at ₹14, suggesting an expected listing price of ₹68 per share, approximately 25.95% higher than the issue price. While GMPs are unofficial and speculative, they reflect strong investor sentiment in the grey market.

Financial Performance Overview

Takyon Networks has demonstrated steady financial growth over the last three fiscal years:

• FY23 Revenue: ₹6,396.60 lakh → FY24: ₹10,824.54 lakh → FY25: ₹10,347.70 lakh

• FY23 PAT: ₹281.17 lakh → FY24: ₹522.31 lakh → FY25: ₹695.75 lakh

• FY25 EBITDA: ₹1,278.53 lakh (up from ₹1,109.38 lakh in FY24)

These metrics point toward a scalable business model with a growing footprint in the tech infrastructure domain.

Valuation Metrics & Return Ratios

The IPO valuation appears reasonable compared to industry peers. At the upper band of ₹54:

• Pre-issue EPS (FY24): ₹6.61

• Post-issue EPS: ₹4.86

• Pre-issue P/E: 8.16x

• Post-issue P/E: 11.12x

• Industry average P/E: ~28x

Additionally, return ratios indicate solid financial health:

• ROCE (FY24): 24.43%

• ROE (FY24): 21.92%

• RoNW: 19.75%

These figures suggest that the IPO is fairly priced, offering upside potential for investors seeking medium-term gains.

IPO Objectives

The net proceeds from the IPO are earmarked as follows:

1. ₹10 crore for meeting working capital requirements

2. ₹3 crore for partial repayment of borrowings

3. Balance for general corporate purposes

This allocation highlights the company's focus on strengthening operations and reducing debt burden.

Promoters and Leadership

The company is spearheaded by:

• Mr. Manish Kumar Sharma – Chairman & MD (23+ years experience)

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

Both founders bring in deep sectoral experience and operational knowledge, enhancing investor confidence in the management team.

IPO Details Summary

Allotment & Listing

• Allotment Date: August 4, 2025

• Registrar: Cameo Corporate Services Ltd.

• Lead Manager: Hem Securities Ltd.

• Market Maker: Hem Finlease Pvt Ltd.

To check the allotment status:

1. Visit the registrar’s website

2. Select Takyon Networks Limited IPO from the dropdown

3. Enter your PAN, application number, or DP Client ID

4. Submit to view the status

Final Verdict: Should You Apply?

Takyon Networks IPO appears promising for investors with moderate to high-risk appetite. Strong financial growth, experienced leadership, anchor investor backing, and a GMP indicating 25% potential listing gains make it an attractive listing play.

However, as always, SME IPOs carry inherent liquidity and volatility risks, and should be approached after assessing one’s risk tolerance and investment horizon.

Disclaimer

The above analysis is for educational and informational purposes only and does not constitute investment advice. IPO investments are subject to market risks. Kindly consult your financial advisor before investing.

The Upcoming IPOs in this week and coming weeks are BLT Logistics, Bhadora Industries, Highway Infrastructure, Parth Electricals & Engineering, Jyoti Global Plast, Essex Marine, Aaradhya Disposal Industries.

The Current active IPO are Flysbs Aviation, Cash Ur Drive Marketing, Renol Polychem, B.D. Industries (Pune), NSDL, Takyon Networks, Mehul Colours, M&B Engineering, Sri Lotus Developers & Realty.

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