Takyon Networks Ltd IPO

The IPO opens on 30 Jul 2025 & closes on 01 Aug 2025.

Takyon Networks Limited was originally incorporated as a Private Company under the name of 'Takyon Networks Private Limited' on May 12, 2015 with the Registrar of Companies, Uttar Pradesh. The status of the Company subsequently was converted into a Public Company dated August 07, 2024 reflecting the name as 'Takyon Networks Limited' vide fresh Certificate of Incorporation issued by the Registrar of Companies, Central Processing Centre. Takyon Networks are in the business of providing comprehensive networking and IT infrastructure solutions, enterprise networking, network security and web based surveillance services serving government agencies and corporate enterprises. Their services include IT networking solutions, data center solutions, IT security and surveillance, cloud and managed services. They also offer maintenance and support services to clients through formal contracts, providing expert technical support. The clients include major players in sectors like Telecom, IT & ITes, Energy, Public administration enterprise, Education, Railways, and Defense. Apart from this, the Company undertake various activities related to IT infrastructure including infrastructure design and consulting services, turnkey systems integration of large network and data center infrastructures including supply of associated equipment and software; on-site and remote facilities management of multi-location infrastructure of domestic clients. The infrastructure includes adequate office space, high grade desktops for development, support and testing, firewall, IPS and IDS Systems for safeguarding data and systems, redundant internet leased lines, uninterrupted power supply. Takyon is an authorized partner to multiple OEM's including Ruckus (Ruckus Ready Partner Program), Juniper, Sophos, Hitachi, Nokia, HP and Dell Technologies. It is authorized System/Network Integrator (SI) in National level - Category in UP Circle for establishment of customers Private Network Equipment on Turnkey basis and maintenance of customers and equipment, LAN/WAN etc. for DATA services for Internet Service Provider (ISP) i.e. Bharat Sanchar Nigam Limited. The Company is proposing the Initial Offer of 37,92,000 Fresh Issue Equity Shares.

Takyon Networks Ltd IPO will close on 01 Aug 2025.

<ul><li>End to End IT services.</li><li>Diversified Customer base.</li><li>Strong Order book.</li><li>Qualified and Experienced Management Team.</li></ul>

<table class="table"> <thead> <tr> <th>S.No</th> <th>Promoters Name</th> <th>Pre Issue Shares</th> <th>Pre Issue Percentage</th> <th>Post Issue Shares</th> <th>Post Issue Percentage</th> </tr> </thead> <tbody> <tr> <td>1</td> <td>Manish Kumar Sharma</td> <td>5264700</td> <td>49.99</td> <td>5264700</td> <td>36.76</td> </tr> <tr> <td>2</td> <td>Neeraj Kumar</td> <td>5264700</td> <td>49.99</td> <td>5264700</td> <td>36.76</td> </tr> <tr> <td>3</td> <td>Pankaj Kumar</td> <td>150</td> <td>---</td> <td>150</td> <td>---</td> </tr> <tr> <td>4</td> <td>Bishun Chowdhary</td> <td>150</td> <td>---</td> <td>150</td> <td>---</td> </tr> <tr> <td>5</td> <td>Nidhi Sharma</td> <td>100</td> <td>---</td> <td>100</td> <td>---</td> </tr> <tr> <td>6</td> <td>Pushpa Sharma</td> <td>100</td> <td>---</td> <td>100</td> <td>---</td> </tr> <tr> <td>7</td> <td>Shalini Joshi</td> <td>100</td> <td>---</td> <td>100</td> <td>---</td> </tr> </tbody> </table>

<ul><li>The company is heavily reliant on a few vendors/ suppliers and the company typically does not enter into long term contracts or arrangements with its vendors. Any loss of such vendors / suppliers or any increase in the price will have a material adverse impact on the company business and its revenue.</li><li>Its financial condition could be materially and adversely affected if the company fails to secure new government and PSU projects.</li><li>A Significant proportion of its orders are from government related entities which award the contract through the process of tender. Tenders, typically, are awarded to the lower bidder once all other eligibility criteria are met. Its performance could be adversely affected if the company is not able to successfully bid for these contracts or required to lower its bid value.</li><li>The company depends on few Customer Industries for majority of its revenue from operations. Loss of customers in these Customer industries may result in an adverse effect on the company business, revenue from operations and financial conditions.</li><li>Any increase in the cost of, or a shortfall in the supply of IT Equipment's, may adversely affect the pricing and supply of its products and have an adverse effect on the company business, results of operations and financial condition.</li><li>There are certain discrepancies/errors noticed in some of its corporate records relating to forms filed with the Registrar of Companies and other provisions of Companies Act, 2013. Some of the company corporate records are not traceable. Any penalty or action taken by any regulatory authorities in future, for non-compliance with provisions of corporate and other law could impact the reputation and financial position of the Company to that extent.</li><li>If the company cannot attract and retain highly-skilled IT professionals, our ability to obtain, manage and staff new projects and to continue to expand existing projects may result in loss of revenue and an inability to expand its business.</li><li>The company current order book value is not necessarily indicative of future growth. Further, some of the orders that constitute its current order could be cancelled, put in abeyance, delayed, or not paid for by the company customers, which could adversely affect its financial condition.</li><li>The company has working capital requirements. If its experience insufficient cash flows to make required payments on the company debt or fund working capital requirements, there may be an adverse effect on its results of operations.</li><li>The IT solutions market is highly competitive and its competitors may have advantages that could allow them to compete more effectively than the company do to secure customer contracts. Any failures to compete effectively could have a material adverse effect on its business, financial condition and results of operations.</li><li>The company has experienced negative cash flows in previous years. Any operating losses or negative cash flows in the future could adversely affect its results of operations and financial conditions.</li><li>The Company has taken unsecured loans that may be recalled by the lenders at any time and the Company may not have adequate working capital to make timely payments or at all.</li><li>The Registered office from where the company carry out its business activities is owned by the company Promoters, and has been obtained by it on a lease /rental basis. In case of non-renewal of lease/rent agreements or dispute in relation to use of the said premise, the company business and results of operations can be adversely affected.</li><li>The company is dependent on its promoters and senior management and other key personnel, and the loss of, or the company inability to attract or retain, such persons could affect its business, results of operations, financial condition and cash flows.</li><li>There are outstanding legal tax proceedings involving in the Company. Any adverse decisions could impact its cashflows and profit or loss to the extent of demand amount, interest and penalty, divert management time and attention and have an adverse effect on its business, prospects, results of operations and financial condition.</li><li>The Company operates under several statutory and regulatory approvals in respect of its operations. Failures to obtain or maintain licenses, registrations, permits and approvals may affect the company business and results of operations.</li><li>Cyber risk and the failures to maintain the integrity of its operational or security systems or infrastructure, or those of the company customers with which its conduct business, could have a material adverse effect on the company business, results of operations, financial condition and cash flows.</li><li>The Company's logo is not registered as on Red Herring Prospectus. Its may be unable to protect the company intellectual property against third party infringement or are found to infringe on the intellectual property rights of others, it could have a material adverse effect on its business, result of operations, and financial conditions.</li><li>If the company is unable to manage its growth effectively and further expand into new markets the company business, future financial performance and results of operations could be materially and adversely affected.</li><li>Its contingent liabilities and commitments as stated in the company Restated Financial Statements could affect its financial condition.</li><li>The cost of implementing new technologies for its operations could be significant and could adversely affect the company business, financial condition and results of operations.</li><li>Its insurance coverage may not be adequate to protect it against certain operating hazards and this may have a material adverse effect on its business.</li><li>Failures to adapt its product offerings to changing market technology and consumer preferences for the company client's products could cause its sales to decline, and the company may not be able to maintain our competitive position in the market.</li><li>The company has in the past entered into related party transactions and may continue to do so in the future. There can be no assurance that such transactions, individually or in the aggregate, will not have an adverse effect on the Company's financial condition and results of operations.</li><li>The Objects of the Issue for which funds are being raised, are based on its management estimates and have not been appraised by any bank or financial institution or any independent agency.</li><li>Any variation in the utilization of the Net Proceeds as disclosed in this Red Herring Prospectus shall be subject to certain compliance requirements, including prior approval of the shareholders of the Company.</li><li>The company cannot guarantee the accuracy or completeness of facts and other statistics with respect to India, the Indian economy and industry in which the company operates contained in the Red Herring Prospectus.</li><li>The company could be harmed by employee misconduct or errors that are difficult to detect and any such incidences could adversely affect its financial condition, results of operations and reputation.</li><li>The company has not identified any alternate source of funding and hence any failures or delay on its part to mobilize the required resources or any shortfall in the Issue proceeds may delay the implementation schedule.</li><li>Its Promoter and Promoter Group members has provided personal guarantees for loans availed by the Company. Its business, financial condition, results of operations and cash flows may be adversely affected by the invocation of all or any personal guarantees provided by its Promoter and Promoter Group members.</li><li>Any Penalty or demand raised by statutory authorities in future will affect financial position of the Company.</li><li>Its ability to pay any dividends will depends upon future earnings, financial condition, cash flows and working capital requirements.</li><li>There is no monitoring agency appointed by the Company to monitor the utilization of the Issue proceeds.</li><li>The average cost of acquisition of Equity Shares by its Promoters could be lower than the Issue Price.</li><li>Its Promoters and the Promoter Group will jointly continue to retain majority shareholding in the Company after the issue, which will allow them to determine the outcome of the matters requiring the approval of shareholders.</li><li>Certain key performance indicators for certain listed industry peers included in this Red Herring Prospectus have been sourced from public sources and there is no assurance that such financial and other industry information is complete.</li><li>Its may requires further equity issuance, which will lead to dilution of equity and may affect the market price of the company Equity Shares or additional funds through incurring debt to satisfy its capital needs, which the company may not be able to procure and any future equity offerings by it.</li><li>The Issue price of its Equity Shares may not be indicative of the market price of the company Equity Shares after the Issue and the market price of the company Equity Shares may decline below the issue price and you may not be able to sell your Equity Shares at or above the Issue Price.</li><li>Certain data mentioned in this Red Herring Prospectus has not been independently verified.</li><li>Any of the Bidders are not permitted to withdraw or lower their Bids (in terms of quantity of Equity Shares or the Bid Amount) at any stage after submitting a Bid</li></ul>

The Issue type of Takyon Networks Ltd is Book Building - SME.

The minimum application for shares of Takyon Networks Ltd is 4000.

The total shares issue of Takyon Networks Ltd is 3792000.

Initial public offer of upto 37,92,000 equity shares of face value of Rs. 10/- each (the "equity shares") of Takyon Networks Limited ("The company" or "TNL" or "The Issuer") at an issue price of Rs. 54 per Equity Share for cash, Aggregating up to Rs. 20.48 crores ("Public Issue") out of which 1,92,000 Equity Shares of face value of Rs. 10 each, at an issue price of Rs. 54 per equity share for cash, aggregating Rs. 1.04 crores will be reserved for subscription by the market maker to the issue (the "Market Maker reservation portion"). The public issue less market maker reservation portion i.e. Issue of 36,00,000 equity shares of face value of Rs. 10 each, at an issue price of Rs.54 per Equity Share for cash, Aggregating upto Rs. 19.44 crores is herein after referred to as the "Net Issue". The public issue and net issue will constitute 26.48% and 25.14% respectively of the post-issue paid-up equity share capital of the Company.