LUCKNOW – In a landmark moment for Uttar Pradesh’s tech sector, Takyon Networks Limited officially listed on the Bombay Stock Exchange’s (BSE) SME platform on Wednesday, becoming the first IT company from Lucknow to do so. The historic debut marks a new chapter for the company and signals the growing potential of technology startups in Tier-2 cities.
The company’s Rs 20 crore IPO was met with overwhelming investor confidence, closing with a remarkable 20.35x over subscription. The strong demand came from both retail and high-net-worth individual (HNI) segments, highlighting a robust market appetite for companies emerging from North India.
A Bell Rings for Success and Vision
The grand listing ceremony was held at the BSE and was attended by Takyon Networks’ leadership, including Chairman & Managing Director Mr. Manish Kumar Sharma, Whole-Time Director & CEO Mr. Neeraj Kumar, and other senior executives. They were joined by officials from the BSE and Hem Securities Limited.
The highlight of the event was the ceremonial Gong Bell Ceremony at 10 AM, a symbolic act that marked the company’s formal entry into the Indian capital markets. As Mr. Sharma struck the gong, the resonating sound was hailed as a declaration of over a decade of perseverance, vision, and trust. Following the listing, the company’s estimated market capitalization stands at Rs 78 crore.
Leadership’s Outlook on Growth and Innovation
In a statement, Manish Kumar Sharma celebrated the listing as a “triumph of collective effort,” emphasizing that Takyon’s journey from Lucknow to BSE proves that “world-class technology companies can emerge from Tier-2 cities.”
CEO Neeraj Kumar described the listing as a moment of responsibility, stating that it will propel the company to new heights and accelerate India’s digital transformation. Executive Director Paresh Goyal reinforced the company’s focus on security, scalability, and stability, noting that the listing will drive it toward delivering international-grade solutions.
CFO CA Vivek Singh outlined the company’s financial strategy, explaining that the IPO proceeds would be used to reduce debt, strengthen working capital, and accelerate business expansion, with a goal of creating long-term value.
Takyon Networks Limited is an authorized system integrator for BSNL and is empaneled with key government institutions, including UPDESCO and UPRNN. With certifications like ISO 27001 and CMMI Level-3, the company is poised to bring its secure and scalable tech solutions to a wider audience, powering India’s public and private digital ambitions.
