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Tejas Networks Limited IPO (Tejas Networks IPO) Detail

Jun 14, 2017 - Jun 16, 2017

Incorporated in year 2000, Tejas Networks Ltd is Bangalore based optical and data networking products company. Trjas design, develop and sell products to telecommunications service providers, internet service providers, utility companies, defense companies and government entities in India and over 60 countries. These products are used in building high-speed communication networks to carry voice, data and video traffic from fixed line, mobile and broadband networks over optical fiber.

Tejas Networks build hardware and software products related to optical and data networking. The hardware is build using modular approach and the software-defined architecture allows the company to remotely upgrade the hardware with new capabilities and features. Tejas Networks outsource most of its manufacturing to electronics manufacturing services companies.

Tejas Networks offer pay-as-you-grow business model where its clients purchase its products/services incrementally as needed.

Tejas Networks Ltd have filed 326 patent applications, with 198 filings in India, 87 filings in the United States and 6 filings in Europe, out of which 47 patents have been granted.

Company Financials:

Summary of financial Information (Consolidated)
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)

Objects of the Issue:

The Offer comprises the Fresh Issue and the Offer for Sale.

1. Offer for Sale - The company will not receive any proceeds from the Offer for Sale.

2. Fresh Issue - Company proposes to utilize the Net Proceeds towards funding the following objects:

A. Capital expenditure towards payment of salaries and wages of research and development team;
B. Working capital requirement; and
C. General corporate purposes.

Issue Detail:

  »»  Issue Open: Jun 14, 2017 - Jun 16, 2017
  »»  Issue Type: Book Built Issue IPO
  »»  Issue Size:
    ›  Fresh Issue of [.] Equity Shares of Rs 10 aggregating up to Rs 450.00 Cr
    ›  Offer for Sale of 12,711,605 Equity Shares of Rs 10 aggregating up to Rs [.] Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 250 - Rs 257 Per Equity Share
  »»  Market Lot: 55 Shares
  »»  Minimum Order Quantity: 55 Shares
  »»  Listing At: BSE, NSE

Tejas Networks IPO Reviews:

  1. Tejas Networks Limited IPO review by Dilip Davda

Tejas Networks IPO Recommendations:

Capital Market Review
GEPL Capital - Subscribe.

Issue Subscription Detail / Current Bidding Status

Number of Times Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIITotal
Shares Offered / Reserved9,434,1054,606,7403,071,16017,112,005
Day 1 - Jun 14, 2017 17:00 IST0.06000.01000.38000.1100
Day 2 - Jun 15, 2017 17:00 IST0.33000.02001.10000.3800
Day 3 - Jun 16, 2017 18:00 IST2.16000.48003.10001.8800

Tejas Networks IPO Prospectus

Tejas Networks IPO Rating

778
4.0
Rating:Rated 4.0 stars

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Tejas Networks IPO Listing Date

  •   ›  Listing Date: Tuesday, June 27, 2017
  •   ›  BSE Script Code: 540595
  •   ›  NSE Symbol: TEJASNET
  •   ›  Listing In: ‘B’ Group of Securities
  •   ›  ISIN: INE010J01012
  •   ›  Issue Price: Rs 257 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

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

Tejas Networks IPO News Alerts

  1. Tuesday, June 27, 2017 12:00:00 AM
    Tejas Networks Limited IPO - Listing
  2. Thursday, June 22, 2017 12:00:00 AM
    Tejas Networks Limited IPO - Allotment
  3. Friday, June 16, 2017 12:00:00 AM
    Tejas Networks Limited IPO - Close
  4. Wednesday, June 14, 2017 12:00:00 AM
    Tejas Networks Limited IPO - Open

Company Contact Information

Tejas Networks Limited
J.P. Software Park, Plot No. 25,
Sy.No. 13, 14, 17 & 18, Konnapana Agrahara Village
Begur Hobli, Bengaluru 560 100
Phone: +91 80 4179 4600
Fax: +91 80 2852 0201
Email: corporate@tejasnetworks.com
Website: http://www.tejasnetworks.com/

Tejas Networks IPO Registrar

Link Intime India Private Ltd   »  Report
   Link Intime India Private Ltd,
   C-13 Pannalal Silk Mills Compound,
   LBS Marg, Bhandup West, Mumbai 400078

Phone: +91-22-25963838
Fax: +91-22-25946969
Email: tnl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Tejas Networks IPO Review / Comments

avatar
495. N Indian  Jun 27, 2017 7:33:20 PM IST I Like It. | Report Abuse Reply
Many people predicted tejas discounted listing. But i had full in tejas. From yesterday i was telling this. But mr jhun jhun and mr stockt were creating fear in investors mind. Hold it for 6 months plus. It will definitely be above 350+.
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495.2. STOCKT  Jun 28, 2017 12:06:58 AM IST I Like It. 5 | Report Abuse
dont know about 350+ but surely wil become a 50 rs stock in future.
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495.3. Pokemongo  Jun 28, 2017 9:04:06 PM IST I Like It. | Report Abuse
let the cdsl funds unblock.. tejas will go lil higher.. anyways i sold
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494. hfg  Jun 28, 2017 7:49:06 PM IST I Like It. 3 | Report Abuse Reply
Forum moderator has become very strict against those who simply post filthy messages just for fun and time pass

so next time think 10X before posting anything

Regards
Forum Member

avatar
493. Septa  Jun 27, 2017 5:18:00 PM IST I Like It. 29 | Report Abuse Reply
IPO Guru IPO Guru (3700+ Posts, 2700+ Likes)
To all the naysayers u have no idea how good this IPO has been to real seasoned investor. In fact this IPO has given 10 times more return then one of best recent IPO DMART.

So stop 🛑 talking if you do not have any idea about how money is made.

Just some simple maths 1cr HNI INVESTMENT IN DMART GAVE 100 shares so profit before interest was approx 30k average cost of interest was 15k profit was15k

On TEJAS 1cr investment return before interest was 350000 yap almost 12 times more then DMART AFTER interest cost profit was Rs 335000.


This famous Tamil proverb describes your limited knowledge
வெளுத்ததெல்லாம் பாலல்ல / மின்னுவதெல்லாம் பொன்னல்ல

Which means
All the things that are white are not milk.

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493.11. Rv''s  Jun 28, 2017 11:54:08 AM IST I Like It. | Report Abuse
@Septa You rocks..+ve and deep analytical. Following you... Rv_wd
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493.12. anil m  Jun 28, 2017 2:27:39 PM IST I Like It. 1 | Report Abuse
Good analysis after listing of Tejas, but if it had been listed in discount to issue price...calculations would have been different...in that case why one will apply in Dmart..he could have bought after listing...
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492. gamble  Jun 27, 2017 10:24:24 PM IST I Like It. 4 | Report Abuse Reply
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Don''t kn whether CMP 263 is buy/hold for TN.but people here waiting for 50% upside.I shall request them to reconsider their view.This much positivity? ?

Nifty50 at very crucial level. it may recover and hit record high again imo in short term. Or shall sink to 9100/8900 levels.

Below are the stocks which can b bought at this level for short term(kip sl) or med term(kip buy in small lot(2/3)at considerable dwnside)


BOB
PNB
Allahabad bnk
Ujjivan


Better than tejas. .isn''t it??
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492.2. UnderRighter  Jun 27, 2017 11:26:28 PM IST I Like It. | Report Abuse
pnb did show an improvement in their NPA in Q4. Hope it will only improve in Q1. BOB was a disappointment in Q4.
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492.3. gamble  Jun 28, 2017 9:40:02 AM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (1100+ Posts, 1000+ Likes)
Yeah underrigherji.. ..as of now nifty seeing some recovery as expected. .and almost all psu banks up by 2% from day''s low.
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491. STOCKT  Jun 28, 2017 8:46:49 AM IST I Like It. 7 | Report Abuse Reply
a simple thing comparing this with Dmart is not correct. why are we calculating interest does not make sense. so are we talking in this ipo section only from HNI point of view.

Retailers made huge money in Dmart. it doubled on listing and make further gains afterwards. also it went up now 800 rs. Dmart is a giant. and made both short term and long term gain
this company Tejas was available at same issue price yesterday and closed with ony 2 pc gain which is same as Sterlite technology yesterday which had better moves even though its not an IPO

It has already failed as this IPO has not given any listing gains.
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490. bangalore king  Jun 27, 2017 11:46:51 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts)
Tejas Networks Limited       

ABU DHABI INVESTMENT       BUY       5,30,000       265.12       
AMANSA HOLDINGS PRIVATE LIMITED       BUY       13,50,000       260.56
avatar
489. Septa  Jun 27, 2017 11:14:28 AM IST I Like It. 32 | Report Abuse Reply
IPO Guru IPO Guru (3700+ Posts, 2700+ Likes)
Market is king all that GMP is just a guide. Always base your investment on balance sheet and management not on GMP.
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489.8. Kangeyan Bull  Jun 27, 2017 6:14:27 PM IST I Like It. | Report Abuse
Or else, people can request admin to create new discussion form for Secondary Market - Equity, as the current one is flooded with intraday & future calls and it is very difficult to follow genuine equity calls like yours.
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489.9. MINTO  Jun 27, 2017 7:16:12 PM IST I Like It. 1 | Report Abuse
Septa sir,
you are great.
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488. VDS  Jun 27, 2017 6:50:14 PM IST I Like It. | Report Abuse Reply
Tejas Network Ltd. Hold Or Sale.
If Hold up to what price.
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487. ammubutter  Jun 27, 2017 3:48:03 PM IST I Like It. 5 | Report Abuse Reply
For all those board members of this forum.....who always spoke negatively on this stock............keep mouth shut.....wen u dont have proper knowledge
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487.1. KRB  Jun 27, 2017 4:44:58 PM IST I Like It. 12 | Report Abuse
Dear Ammubutter,

Congratulations for making 500 paise as listing gains on this stock. Please hold for long term.

I assure you that after 5 years, only 500 paise will be left with you.


456.1. KRB Jun 16, 2017 10:53:36 AM IST I Like It. 1 | Report Abuse
Vasudevan

I agree with your subscription details but it will list below 270.
As you said, see you on listing date.
avatar
487.2. STOCKT  Jun 27, 2017 6:48:12 PM IST I Like It. 7 | Report Abuse
Lol. Jinhoney 55 shares mile honge after 15 days they earned 250 rs. Whopiiee itne mein 1 amul butter ki tikiya aa gayi hogi
Lol
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486. STOCKT  Jun 27, 2017 2:27:47 PM IST I Like It. 6 | Report Abuse Reply
This message has been removed by a moderator.
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486.1. Hiren K.  Jun 27, 2017 5:30:05 PM IST I Like It. 1 | Report Abuse
What about your negative view in Tejas...
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485. Kartikdevd  Jun 27, 2017 4:20:16 PM IST I Like It. 7 | Report Abuse Reply
Ye TEJA TEJA KYA HAY YE TEJA TEJA!!! Mogambo ka bhatija hay kuch to leke jayega... At least saved Investors money by listing at 257. Now it''s greed to make further loss.
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484. COMMONMAN  Jun 27, 2017 1:24:18 PM IST I Like It. 11 | Report Abuse Reply
@ hfg( Sample Man ) TILL LAST WEEK WAS THUMPING HIS CHEST FOR HIS MESSAGE.
I hope Now Rocket is After his back ,Since He Short Sell around 257...
Right now he is Red faced for his Comments below In Last week.

285.1. hfg Jun 18, 2017 12:15:06 PM IST I Like It. 6 | Report Abuse
(-ve 20)
kadak seller only

298.6. hfg Jun 19, 2017 8:58:26 AM IST I Like It. | Report Abuse
@ common(nonsense)man
I am not astrologer but sure you will be ( frustrated ) next monday because you will lose money in this ipo also after schand and psp.As reality wont change so you also dont feel bad about my comments.

306.4. hfg Jun 20, 2017 7:46:34 PM IST I Like It. 9 | Report Abuse
I also talk with Tejas operator he gave me full assurance that this share will be listed @ 70-79 downside. I also discuss with Mr. Rakesh Jhujhunwala he is also interested to buy this stock from you for short term at 20 % discount .I convinced him not to bargain this time anything more than 15 % . So best of luck and won''''''''''''''''t worry .
avatar
484.1. Septa  Jun 27, 2017 1:34:54 PM IST I Like It. 5 | Report Abuse
IPO Guru IPO Guru (3700+ Posts, 2700+ Likes)
😂😂😂
avatar
484.2. COMMONMAN  Jun 27, 2017 2:49:37 PM IST I Like It. 4 | Report Abuse
@ hfg Atleast I had balls to do something and take risk in applying, even i am beggar.

You are (sample beggar) will not work hard ,and not let others apply and demotivate them.
You dont have balls to short ,even when you were confident of negative listing.

Now dont show that you made money in other stocks and .etc etc. Talk about tejas since you commented for tejas.
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483. Chennai  Jun 27, 2017 1:07:30 PM IST I Like It. 1 | Report Abuse Reply
Even after a negative thoughts listed in green will go upward soon once market also in green.
Good opportunity to buy half now those who not allotted and add few more any further fall in near period.
Never miss any stock buying at base price its like you are joining the company when started.
Think long term and add the stock to your portfolio.
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483.1. gundu anna  Jun 27, 2017 2:15:10 PM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (400+ Posts)
No, this will drift to lower prices slowly
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482. Pokemongo  Jun 27, 2017 2:11:48 PM IST I Like It. 3 | Report Abuse Reply
once CDSL monies are refunded.. people will put there money in Tejas.. especially NII..
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481. Viraj.  Jun 27, 2017 1:18:52 PM IST I Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
some msg Negetive Listing...

LOL
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480. Anil the beginer  Jun 27, 2017 1:10:29 PM IST I Like It. | Report Abuse Reply
Cheers Tejas...
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479. OddEven  Jun 27, 2017 1:08:33 PM IST I Like It. 1 | Report Abuse Reply
Huge buying volumn and couple of block deals... short sell will not make any money
In stead hold for long term ( Fill it, shut it and forget it.)
May give you around 50- 60% down the line if 1 year
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478. ARATII  Jun 27, 2017 12:57:44 PM IST I Like It. 1 | Report Abuse Reply
NOT an value pick wait till 2 days
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477. VALUE INVESTOR  Jun 27, 2017 11:57:35 AM IST I Like It. 6 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
was all the tension of last 10 days worth the flat listing?
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477.2. Ranga  Jun 27, 2017 12:05:45 PM IST I Like It. 1 | Report Abuse
Despite subdued market, Tejas listed at profit. So, it will go up for sure... :)
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477.3. Ajay Kumar Saxena  Jun 27, 2017 12:14:54 PM IST I Like It. | Report Abuse
any particular cut off price should we track for Tejas ??
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476. Ajay Kumar Saxena  Jun 27, 2017 11:05:50 AM IST I Like It. | Report Abuse Reply
266.80 !!! Way to go :)
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