Tejas Networks Limited IPO

Tejas Networks Limited

Issue Open

Jun 14, 2017

Price Band

₹ 250 - ₹ 257

Issue Size

₹ 776.69 Cr

Credit of Shares to Demat

-

Issue Close

Jun 16, 2017

Bid Lot

55

Listing Exchange

BSE, NSE

Cut off time for UPI Mandate Confirmation

-

Issue Type

Book Built Issue IPO

Minimum Order Quantity

55

Allotment Details

-

Face Value

Rs 10 Per Equity Share

Listing On

Jun 27, 2017

Refunds

-

About the company:

Tejas Networks Limited is an optical and data networking products company based in Bangalore. The company is amongst the top 10 suppliers in the global optical aggregation segment. Their products use a programmable software-defined hardware architecture, which delivers ease of development and upgrades.

Date of establishment: Tejas Networks was established in 2000.  

Product & Service Offering: Tejas Networks offers products in the categories of optical networking and broadband access. Their products are used to build communication networks, which carry data, voice and video traffic from mobile, fixed line, and broadband network over optical fiber.

Promoters of Tejas Networks Ltd.: There is no promoter group for the company.

Customer segment: The company offers its products to telecommunication service providers, internet service providers, utility companies, defense companies and government entities.

Objects of the Issue:

 

The offer comprises of fresh issue and offer for sale

 

Offer for sale – Company will not receive proceeds from the offer for sale.

 

Fresh issue – The proceeds will be used to fund the following objects:
-     Capital expenditure towards the payment of salaries
-     Working capital requirements
-     General corporate purposes

 

Company Financials:

 

Particulars

For the year/period ended (in Rs. Million)

 

31-Mar-16

31-Mar-15

31-Mar-14

31-Mar-13

31-Mar-12

 

Total Assets

8,383.03

7,280.56

7,452.00

6,563.40

6,397.81

 

Total Revenue

6,274.57

3,868.26

4,230.55

3,692.71

2,014.22

 

Profit After Tax

290.05

(178.66)

27.77

(790.43)

(928.90)

 

 

 

 

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