Takyon Networks is set to launch on the Bombay Stock Exchange SME platform on August 6. The initial public offering saw a good response. However, the grey market premium is zero. Shares are expected to debut around Rs 54. The IPO was subscribed 21.77 times overall. The company plans to use the funds for working capital and loan repayment.
MF Picks: 13 smallcap stocks surge up to 115% in six months; 3 turn multibaggers
MFs are ramping up exposure to smallcaps, with 13 picks soaring up to 115% in six months and three turning multibaggers.