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Tejas Networks Limited IPO (Tejas Networks IPO) Detail

June 14, 2017 - June 16, 2017

Tejas Networks IPO is a book built issue of Rs 776.69 crores. The issue comprises of fresh issue of Rs 450.00 crore and offer for sale of 1.27 crore shares.

Tejas Networks IPO bidding started from June 14, 2017 and ended on June 16, 2017. The allotment for Tejas Networks IPO was finalized on Wednesday, June 21, 2017. The shares got listed on BSE, NSE on June 27, 2017.

Tejas Networks IPO price band is set at ₹250 to ₹257 per share. The minimum lot size for an application is 55 Shares. The minimum amount of investment required by retail investors is ₹14,135.

Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Tejas Networks IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to Tejas Networks IPO RHP for detailed information.

Tejas Networks IPO Details

IPO Date June 14, 2017 to June 16, 2017
Listing Date June 27, 2017
Face Value ₹10 per share
Price Band ₹250 to ₹257 per share
Lot Size 55 Shares
Total Issue Size30,221,332 shares
(aggregating up to ₹776.69 Cr)
Fresh Issue[.] shares
(aggregating up to ₹450.00 Cr)
Offer for Sale12,711,605 shares of ₹10
(aggregating up to ₹[.] Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Tejas Networks IPO Reservation

Tejas Networks IPO offers 17,112,005 shares. 9,434,105 (55.13%) to QIB, 4,606,740 (26.92%) to NII, 3,071,160 (17.95%) to RII. 55,839 RIIs will receive minimum 55 shares and (sNII) and (bNII) will receive minimum 825 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered9,434,105 (55.13%)NA
NII (HNI) Shares Offered4,606,740 (26.92%)
Retail Shares Offered3,071,160 (17.95%)55,839
Total Shares Offered17,112,005 (100%)

Tejas Networks IPO Timeline (Tentative Schedule)

Tejas Networks IPO opens on June 14, 2017, and closes on June 16, 2017.

IPO Open Date Wednesday, June 14, 2017
IPO Close Date Friday, June 16, 2017
Basis of Allotment Wednesday, June 21, 2017
Initiation of Refunds Thursday, June 22, 2017
Credit of Shares to Demat Friday, June 23, 2017
Listing Date Tuesday, June 27, 2017
Cut-off time for UPI mandate confirmation 5 PM on June 16, 2017

Tejas Networks IPO Lot Size

Investors can bid for a minimum of 55 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 55 ₹14,135
Retail (Max) 14 770 ₹197,890
Lot Size Calculator

About Tejas Networks Limited

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 (Tejas Networks IPO Objectives)

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.

Tejas Networks IPO Review (Apply)

[Dilip Davda]  Investors may consider investment for medium to long term in this first mover IPO from the segment, as company is set to benefit immensely under Government’s Digital India/Make-in-India campaign. Read detail review...


Tejas Networks IPO Subscription Status (Bidding Detail)

The Tejas Networks IPO is subscribed 1.88 times on June 16, 2017 6:00:00 PM. The public issue subscribed 3.10 times in the retail category, 2.16 times in the QIB category, and 0.48 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB2.16
NII0.48
Retail3.10
Total1.88

Tejas Networks IPO Prospectus

Tejas Networks IPO Rating

778
4.0
Rating:Rated 4.0 stars
Vote Here ...

Tejas Networks IPO Listing Details

Listing Date June 27, 2017
BSE Script Code 540595
NSE Symbol TEJASNET
ISIN INE010J01012
Final Issue Price ₹257 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹257.00
₹257.00
₹257.00
₹271.00
₹263.30
NSE
₹257.00
₹257.00
₹257.00
₹271.40
₹263.50

Check IPO Performance…

Tejas Networks Limited Contact Details

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
Email: corporate@tejasnetworks.com
Website: http://www.tejasnetworks.com/

Tejas Networks IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: tnl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

Tejas Networks IPO FAQs

Tejas Networks IPO is a main-board IPO of 30,221,332 equity shares of the face value of ₹10 aggregating up to ₹776.69 Crores. The issue is priced at ₹250 to ₹257 per share. The minimum order quantity is 55 Shares.

The IPO opens on June 14, 2017, and closes on June 16, 2017.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Tejas Networks IPO opens on June 14, 2017 and closes on June 16, 2017.

Tejas Networks IPO lot size is 55 Shares, and the minimum amount required is ₹14,135.

You can apply in Tejas Networks IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Tejas Networks IPO will be done on Wednesday, June 21, 2017, and the allotted shares will be credited to your demat account by Friday, June 23, 2017. Check the Tejas Networks IPO allotment status.

The Tejas Networks IPO listing date is on June 27, 2017.
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Tejas Networks IPO Message Board

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1093 Comments

516. Septa |   Link |  Bookmark |August 3, 2017 12:15:01 PM (4000+ Posts, 4600+ Likes)
Tejas Networks has posted revenue of Rs 223.81 crore (+49 percent) and net profit of Rs 20.09 crore against net loss of Rs 1.75 crore in the first quarter of fiscal 2017-18.

Tejas Networks said the 49 percent increase in first quarter revenue was led by strong growth in domestic business. Tejas Networks’s operating margins grew 251.6 percent with operating margin of 12.8 percent in Q1 fiscal 2018 compared to 5.4 percent in Q1 fiscal 2017.

“With exponential increase in data traffic in mobile as well as fixed-line broadband networks, we are witnessing a strong demand for our optical transmission equipment. During the quarter, we saw strong revenue growth especially from our Indian customers,” said Sanjay Nayak, CEO and MD of Tejas Networks.

Tejas Networks recently mobilized Rs 450 crore during the Initial Public Offer (IPO) of shares on India stock market. The primary object of the IPO is to fund its R&D, increased working capital needs and general corporate purposes.

Tejas supplied a large portion of GPON products for India’s flagship Bharatnet project for providing broadband to villages.

Arnob Roy, president, Optical Products Tejas Networks, said: “We are pleased to partner with the Indian government to execute the prestigious BharatNet project using our leading-edge GPON product.”
515. rvr |   Link |  Bookmark |July 13, 2017 3:02:56 PM
Expecting 800 very urgently ..need my money back...please push this AU....not able to wait up to deember
514. Eagleye |   Link |  Bookmark |July 3, 2017 6:14:54 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Tejas IPO

NEW TARGET ... Rs 400/-

In next 40 trading sessions
514.7. aarav |   Link |  Bookmark |July 17, 2017 8:14:01 PM
I will Pray to God that your target successfully achieve. As I bought it @320 according to your suggestion.
514.8. jigeshpatel |   Link |  Bookmark |July 17, 2017 10:16:25 PM
What''s your target for au bank ????
513. Nidhike |   Link |  Bookmark |July 7, 2017 3:12:49 PM (300+ Posts, 500+ Likes)
Target given even before opening the issue 😀

2. Nidhike Jun 7, 2017 2:38:59 PM IST Reply
Tejas Networks Limited IPO

Price band 250-257

Apply Target 400 before diwali :)

7206. Eagleye Jul 3, 2017 6:14:54 PM IST Reply
Tejas Networks Limited IPO

Tejas IPO

NEW TARGET ... Rs 400/-

In next 40 trading sessions
512. Marwari |   Link |  Bookmark |July 7, 2017 3:06:11 PM
Very useful insider news from eagleye.
511. Thamarai |   Link |  Bookmark |July 7, 2017 2:53:36 PM
Excellent work eagle eye
510. Hiren K. |   Link |  Bookmark |July 7, 2017 2:46:26 PM
Forrester again. 360......
509. RONYTHOMAS |   Link |  Bookmark |July 3, 2017 7:17:30 PM
Eagleye,
Do you still maintain the same tgt of 825 for SCHAND by August? Your valuable advice is needed here I am still holding @600.
509.1. hfg |   Link |  Bookmark |July 5, 2017 1:01:10 PM
which august ?
2017 or ....
just 50 days left

never come 600 in any august
better to sell at 500 before 400
it''s nxt CL Edu
508. Eagleye |   Link |  Bookmark |July 3, 2017 6:18:12 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
IPOs IN THE PIPELINE (Status as on 30th June 2017)


A) DRHP Filed – SEBI Approval Awaited:

1) Prataap Snacks >>> DRHP date 21-Jun-17 (REAPPLIED)
2) Astron Paper & Board Mill >>> DRHP date 20-Jun-17
3) Indian Energy Exchange >>> DRHP date 16-Jun-17
4) Dixon Technologies (India) >>> DRHP date 19-May-17
5) Shalby Hospitals >>> DRHP date 19-May-17
6) Matrimony.com >>> DRHP date 05-May-17
7) National Stock Exchange of India >>> DRHP date 28-Dec-16


B) SEBI Approval Received (within the past 4 months):

1) Capacit’e Infraprojects >>> DRHP date 17-Apr-17
2) Nakshatra World >>> DRHP date 08-Mar-17
3) MAS Financial Services >>> DRHP date 24-Mar-17
4) Bharat Road Network >>> DRHP date 20-Feb-17
5) Apex Frozen Foods >>> DRHP date 30-Mar-17
6) Cochin Shipyard >>> DRHP date 23-Mar-17


C) SEBI Approval Received (more than 4 months ago):

7) Genesis Colors >>> DRHP date 28-Sep-16
8) Security & Intelligence Services >>> DRHP date 26-Sep-16
9) GR Infraprojects >>> DRHP date 29-Sep-16
10) Continental Warehousing Corp. >>> DRHP date 30-Sep-16
11) Aster DM Healthcare >>> DRHP date 24-Jun-16
12) Seaways Shipping and Logistics >>> DRHP date 28-Mar-16
508.1. AKH |   Link |  Bookmark |July 5, 2017 11:45:24 AM
IPO Mentor IPO Mentor (900+ Posts, 700+ Likes)
NSE IPO

The Timeline of the IPO depends on how quickly NSE responds to SEBI’s concerns of preferential access to its algorithmic trading systems

Resolving the issue could delay the IPO. The National Stock Exchange may have to re-file papers for its IPO after resolving the issue of some brokers allegedly getting preferential access to its algorithmic trading systems, a development that could push the share sale to next year.

sources
http://www.livemint.com/Money/qWm0Dp4aSHPCaRNSEd5aUK/NSE-IPO-may-be-delayed-as-Sebi-wants-algotrading-case-resol.html
507. VALUE INVESTOR |   Link |  Bookmark |June 27, 2017 11:57:35 AM (900+ Posts, 600+ Likes)
was all the tension of last 10 days worth the flat listing?
507.5. Eagleye |   Link |  Bookmark |July 3, 2017 6:11:37 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
NEW TARGET ... Rs 400/- ... In next 40 trading sessions
507.6. Ranga |   Link |  Bookmark |July 3, 2017 8:08:21 PM
@eagle eye

Do not give any price. People will butcher you like schand.

I thought of adding another 45 shares. But it has touched 300.

Big correction is expected. Then I will purchase sub 280.

Regards
Ranga
506. N Indian |   Link |  Bookmark |June 27, 2017 7:33:20 PM
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+.
506.6. ammubutter |   Link |  Bookmark |July 1, 2017 7:41:51 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Yes......
506.7. Eagleye |   Link |  Bookmark |July 3, 2017 6:12:23 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
NEXT TARGET ... Rs 400/-
In next 40 trading sessions
505. Eagleye |   Link |  Bookmark |July 3, 2017 12:09:36 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
Mainline IPOs in the pipeline:


Pending SEBI’s approval:

1) Prataap Snacks >>> DRHP date 21-Jun-17 (REAPPLIED)
2) Astron Paper & Board Mill >>> DRHP date 20-Jun-17
3) Indian Energy Exchange >>> DRHP date 16-Jun-17
4) Dixon Technologies (India) >>> DRHP date 19-May-17
5) Shalby Hospitals >>> DRHP date 19-May-17
6) Matrimony.com >>> DRHP date 05-May-17
7) National Stock Exchange of India >>> DRHP date 28-Dec-16



SEBI approval received (< 5 months):

1) Capacit’e Infraprojects >>> DRHP date 17-Apr-17
2) Nakshatra World >>> DRHP date 08-Mar-17
3) MAS Financial Services >>> DRHP date 24-Mar-17
4) Bharat Road Network >>> DRHP date 20-Feb-17
5) Apex Frozen Foods >>> DRHP date 30-Mar-17
6) Cochin Shipyard >>> DRHP date 23-Mar-17


SEBI approval received (>5 months):

7) Genesis Colors >>> DRHP date 28-Sep-16
8) Security & Intelligence Services >>> DRHP date 26-Sep-16
9) GR Infraprojects >>> DRHP date 29-Sep-16
10) Continental Warehousing Corp. >>> DRHP date 30-Sep-16
11) Aster DM Healthcare >>> DRHP date 24-Jun-16
12) Seaways Shipping and Logistics >>> DRHP date 28-Mar-16
504. Compounder |   Link |  Bookmark |July 2, 2017 2:23:24 AM
Eris is a long term coumpounding machine. It is a high quality franchisee with excellent return ratios and with FCF positive already, this will be a dividend aristocrat in times to come. One look at Amit Bakshi''s video on YouTube and one can easily see the passion and vision of this first generation owner operator. A decadal domestic consumption story in the making.
503. IPO investment management |   Link |  Bookmark |July 1, 2017 8:15:09 AM
New Stake holders will 650 price touch in a year
502. Nidhike |   Link |  Bookmark |June 30, 2017 2:14:44 PM (300+ Posts, 500+ Likes)
Tejas on its way to 400
Cdsl 300
DMART 1000😍😍😍😍😍

502.5. Septa |   Link |  Bookmark |June 30, 2017 3:19:07 PM (4000+ Posts, 4600+ Likes)
The market is very apprehensive and worried abt PHRAMA sector it is no more safe zone. So honeymoon period is certainly over. Eris as I said earlier it is in very niche market and high margin market. Quarterly result will dictate it future my gut feeling is that it will give superior result given it product mix.
502.6. Chivitra |   Link |  Bookmark |June 30, 2017 7:52:49 PM
Septa Sir,
Tejas shares are not allotted to me. What will be entry point in Tejas now and what should be investment horizon (9 months / 1 Year) along with target ?
501. Chivitra |   Link |  Bookmark |June 30, 2017 7:40:25 PM
Septa Sir,

Tejas shares are not allotted to me. What will be entry point in Tejas now and what should be investment horizon (9 months / 1 Year) along with target ?
500. MINTO |   Link |  Bookmark |June 30, 2017 4:46:47 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Septa sir you great expert.
@tejas 302.95/
I salute you boss.
499. Septa |   Link |  Bookmark |June 27, 2017 5:18:00 PM (4000+ Posts, 4600+ 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.

499.18. nmg |   Link |  Bookmark |June 30, 2017 2:44:21 PM
Bhag Tejas Bhaag,,,
499.19. DarkHorse |   Link |  Bookmark |July 6, 2017 12:31:45 PM
septa sir,Univastu SME ke bare me bataiye na jara,plz..!!
apply kare ya nahi..? _/\_
498. RIGHTTINVESTMENT |   Link |  Bookmark |June 30, 2017 2:10:44 PM
TEJAS has crossed 305. We benefitted by listening to Sapta Sir rather than Stock T and Red turtle.
497. Villain |   Link |  Bookmark |June 30, 2017 2:08:53 PM
305 OMG