By Kailash Rajwadkar MUMBAI, JAN 3 : Hyderabad-based Taksheel Solutions Ltd has filed draft prospectus with Securities and Exchange Board of India for its 5.5-million-share initial public offer of equity shares. The 100% book-built IPO of the information technology solutions company in the business process outsourcing segment will constitute 25.17% of fully diluted post-issue paid-up equity share capital of the company. The price band of the Rs 10 face value share will be announced after the SEBI nod, closer to the issue date. The proceeds of the IPO would be deployed for a new software development centre at Hyderabad and Warangal in Andhra Pradesh and for acquisitions. Post IPO, the stake of promoters and persons acting in concert with the promoters would drop to 47.37% from 63.31%. In 2010, the company's revenue stood at Rs 495 million. PNB Investment Services Ltd is sole book-running lead manager to the issue. Filed by Harold Rasquinha +91 (22) 6147 5100. feedback@tickerplantindia.com Copyright (c) TickerPlant Ltd.