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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
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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

Vote Here ...

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

.
Issue Price:
Open:
Low:
High:
Last Trade:
Volume:
BSE
Rs 257.00
Rs 257.00
Rs 257.00
Rs 271.00
Rs 263.30
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

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   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
516. chitra kamat  Jun 12, 2017 10:47:14 AM IST I Like It. 1 | Report Abuse Reply
IMO this is a risky bet on account of several factors which includes rather rich asking price. For RII keen on investing in this sector, it may be advisable for shares to list and then take a call.
avatar
516.1. Eagleye  Aug 8, 2017 10:18:47 AM IST I Like It. | Report Abuse
IPO Guru IPO Guru (4400+ Posts, 11800+ Likes)
Tejas Networks IPO

Issue Price – 257


27-JUN-17 – 257 (Low)
11-JUL-17 – 377 (High)


08-AUG-17 – 335 (CMP)
avatar
515. Septa  Aug 3, 2017 12:15:01 PM IST I Like It. 3 | Report Abuse Reply
IPO Guru IPO Guru (3900+ Posts, 3600+ 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.”

Thank you,

Septa

Click here to follow my secondary market messages.

avatar
514. Eagleye  Jul 3, 2017 6:14:54 PM IST I Like It. 18 | Report Abuse Reply
IPO Guru IPO Guru (4400+ Posts, 11800+ Likes)
Tejas IPO

NEW TARGET ... ₹400/-

In next 40 trading sessions
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514.7. aarav  Jul 17, 2017 8:14:01 PM IST I Like It. | Report Abuse
I will Pray to God that your target successfully achieve. As I bought it @320 according to your suggestion.
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514.8. jigeshpatel  Jul 17, 2017 10:16:25 PM IST I Like It. | Report Abuse
What''s your target for au bank ????
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513. rvr  Jul 13, 2017 3:02:56 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Expecting 800 very urgently ..need my money back...please push this AU....not able to wait up to deember
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512. STOCKT  Jun 26, 2017 10:30:50 PM IST I Like It. 4 | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
N indian is misleading. He doesn''t know about technology and don''t know tejas network patents are already outdated which mean their R&D investment can cause huge losses. Tejas clients psu can cause delayed payment.their financial can suffer
Another big blow today smart city project bagged by sterlite technology and most of the orders have already been bagged by sterlite technology
People should sell this stock.immediately tomorrow and buy sterlite technology.we will meet tomorrow and compare price of sterlite technology and tejas network
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512.5. N Indian  Jul 7, 2017 5:41:44 PM IST I Like It. 1 | Report Abuse
Also now compare returns with sterlite...lolzz
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512.6. RIGHTTINVESTMENT  Jul 8, 2017 11:46:57 PM IST I Like It. 1 | Report Abuse
STOCKT and RED TURTLE do not know anything about Tejas Networks and all along they were misguiding public. Thankfully we did not listened to them and so we made handsome returns on investment in IPO. No one can predict market future but as of now Tejas gave us excellent returns in 9 trading sessions.
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511. VASUDEVAN  Jun 16, 2017 8:54:17 AM IST I Like It. 4 | Report Abuse Reply
It is one of the top 10 companies in that segment . So, blindly apply... Hope you all remember the same kind of sentiments (apply or not) was happened during Infibeam/ Sheela foam all were listed with handsome gains and see the current CMP. This is the sector which will grow every day every minute every seconds... So , not only looking for listing gain considering the long term story one should APPLY...Also i feel it will post a unbelievable revenue growth in the quarters to come....
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511.4. VASUDEVAN  Jul 1, 2017 12:07:37 AM IST I Like It. 2 | Report Abuse
18% gain .....will heading to 400 now....
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511.5. VASUDEVAN  Jul 7, 2017 3:25:35 PM IST I Like It. 1 | Report Abuse
Nearing my tgt 400/-

todays high 365/-

TEJAS YOU ROCK...
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510. Nidhike  Jul 7, 2017 3:12:49 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 300+ 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 ... ₹400/-

In next 40 trading sessions
avatar
509. Marwari  Jul 7, 2017 3:06:11 PM IST I Like It. | Report Abuse Reply
Very useful insider news from eagleye.
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508. Thamarai  Jul 7, 2017 2:53:36 PM IST I Like It. | Report Abuse Reply
Excellent work eagle eye
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507. Hiren K.  Jul 7, 2017 2:46:26 PM IST I Like It. | Report Abuse Reply
Forrester again. 360......
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506. VASUDEVAN  Jun 16, 2017 8:49:39 AM IST I Like It. 5 | Report Abuse Reply
Tejas Networks designs, develops and sells high-performance and cost-competitive products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 60 countries. Tejas products utilize a programmable software-defined hardware architecture with a common software code-base that delivers an app-like ease of development and upgrades of new features and technology standards. Tejas is ranked amongst top-10 suppliers in the global optical aggregation segment...
avatar
506.4. STOCKT  Jun 16, 2017 10:49:15 AM IST I Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Absolutely correct red turtle. People who know technology should know what happens when technology changes. All its equipment would be waste and they will be in heavy loss
People who are comparing with sheela foam are fool. During g sheela foam as market were not doing well due to demonitisation it got less subs Ripton. I applied because it''s a consumer based stocks and one of the top companies .woh toh bikenge hi. Let people dream of listing gain in tejas. Those applied get ready for huge loss
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506.5. VASUDEVAN  Jul 6, 2017 12:46:48 PM IST I Like It. 2 | Report Abuse
hope red turtle & STOCK CT watch the rocking of TEJAS....

Negativity people...
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505. Septa  Jun 27, 2017 5:18:00 PM IST I Like It. 45 | Report Abuse Reply
IPO Guru IPO Guru (3900+ Posts, 3600+ 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.

Thank you,

Septa

Click here to follow my secondary market messages.

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505.18. nmg  Jun 30, 2017 2:44:21 PM IST I Like It. | Report Abuse
Bhag Tejas Bhaag,,,
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505.19. DarkHorse  Jul 6, 2017 12:31:45 PM IST I Like It. | Report Abuse
septa sir,Univastu SME ke bare me bataiye na jara,plz..!!
apply kare ya nahi..? _/\_
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504. VASUDEVAN  Jun 16, 2017 8:59:54 AM IST I Like It. 7 | Report Abuse Reply
my guess for subscription fig:

QIB : 20-30X
NII : 40-45X
RII : 4-5X
overall : 22-30

Also it will list around 285-295 and move upto 315-320 range ....
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504.4. VASUDEVAN  Jun 27, 2017 10:03:51 AM IST I Like It. | Report Abuse
Listed at 260+
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504.5. VASUDEVAN  Jul 6, 2017 9:41:34 AM IST I Like It. | Report Abuse
Not listed as per my expectation of Rs.285/-...but moving as expected .... Hope it will be double from here in a year time....
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503. RONYTHOMAS  Jul 3, 2017 7:17:30 PM IST I Like It. 1 | Report Abuse Reply
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.
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503.1. hfg  Jul 5, 2017 1:01:10 PM IST I Like It. 2 | Report Abuse
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
avatar
502. Eagleye  Jul 3, 2017 6:18:12 PM IST I Like It. | Report Abuse Reply
IPO Guru IPO Guru (4400+ Posts, 11800+ 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
avatar
502.1. AKH  Jul 5, 2017 11:45:24 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (500+ Posts, 400+ 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
avatar
501. VALUE INVESTOR  Jun 27, 2017 11:57:35 AM IST I Like It. 6 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
was all the tension of last 10 days worth the flat listing?
avatar
501.5. Eagleye  Jul 3, 2017 6:11:37 PM IST I Like It. 3 | Report Abuse
IPO Guru IPO Guru (4400+ Posts, 11800+ Likes)
NEW TARGET ... ₹400/- ... In next 40 trading sessions
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501.6. Ranga  Jul 3, 2017 8:08:21 PM IST I Like It. 2 | Report Abuse
@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
avatar
500. N Indian  Jun 27, 2017 7:33:20 PM IST I Like It. 1 | 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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500.6. ammubutter  Jul 1, 2017 7:41:51 AM IST I Like It. | Report Abuse
Yes......
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500.7. Eagleye  Jul 3, 2017 6:12:23 PM IST I Like It. 1 | Report Abuse
IPO Guru IPO Guru (4400+ Posts, 11800+ Likes)
NEXT TARGET ... ₹400/-
In next 40 trading sessions
avatar
499. Eagleye  Jul 3, 2017 12:09:36 PM IST I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (4400+ Posts, 11800+ 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
avatar
498. Compounder  Jul 2, 2017 2:23:24 AM IST I Like It. | Report Abuse Reply
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.
avatar
497. IPO investment management  Jul 1, 2017 8:15:09 AM IST I Like It. | Report Abuse Reply
New Stake holders will 650 price touch in a year
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