IPO: Take Solution
Business: IT solutions
Take Solutions is a business technology company with products focussed on the Supply Chain Management (SCM) (16 products) and Life Sciences verticals (6 products).
Objective:
Repayment of debt, product development, fund acquisitions.
Positives:
Product driven approach than service driven
Domain centricity
Niche segments facing less competition
Negatives:
Small track record
Ability to sustain in future- is to be seen
Acquisitions and related issues are becoming severe day-by-day.
Valuations:
A demanding valuation of 25-28 times its FY2007 earnings on fully diluted equity.
Call: A risky bet...invest only with a long term view, if you have too much of money.
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