Tejas Networks Limited IPO

Add to Calendar 2017-06-14 12:00 AM 2017-06-16 12:00 AM Asia/Kolkata Tejas Networks Limited IPO Tejas Networks Limited India

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)

 

 

 

 

Issue Detail

  • Issue Open: Jun 14, 2017
  • Issue Close: Jun 16, 2017
  • Issue Type: Book Built Issue IPO
  • Face Value: Rs 10 Per Equity Share
  • Price Band: Rs 250 - Rs 257 Per Equity Share
  • Bid Lot:55 Shares
  • Minimum Order Quantity:55 Shares
  • Listing At: BSE, NSE
  • Issue Size: • Rs 776.69 Cr

Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved 9,434,105 4,606,740 3,071,160 - - 17,112,005
Day 1 - Jun 14, 2017IST 0.0600 0.0100 0.3800 - - 0.1100
Day 2 - Jun 15, 2017IST 0.3300 0.0200 1.1000 - - 0.3800
Day 3 - Jun 16, 2017IST 2.1600 0.4800 3.1000 - - 1.8800

Listing Day Trading Information

- BSE NSE
Issue Price Rs 257.00 Rs 257.00
Open Rs 257.00 Rs 257.00
Low Rs 257.00 Rs 257.00
High Rs 271.00 Rs 271.40
Last Trade Rs 263.30 Rs 263.50
Volume 2,422,921 13,384,596

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