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.â€
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 (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 (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.
hahah so try it was available at same issue price. Just for 2 -5 pc here and there so much noise. still an exit as looks operators are trying to trap retail investors
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+.
bol aise raha hai jaise yeh stock ne 40 pc return de diya. 2 pc return . lol
even the worse of worst ipo have given more returns. Tulip telecom opened 20 pc higher on day 1 . that is now a 2 RS stock. what does the listing prove for this stock. you could have easily got it at same price on listing. so ,people who have applied have got nothing retrun and anyone could have bough this at same price. so what was use to apply in this ipo.
506.5. Pokemongo| Link| Bookmark|
June 30, 2017 8:44:05 PM
Top Contributor (400+ Posts, 300+ Likes)
This is what i suggested earlier also.. since i had to apply to AU i had to sell Tejas.. As soon as CDSL funds will get unblocked tejas will fly and that did happen today. Enjoy those who were holding. a cool 15% result in 15 days.
506.6. ammubutter| Link| Bookmark|
July 1, 2017 7:41:51 AM
Top Contributor (200+ Posts, 200+ Likes)
Yes......
506.7. Eagleye| Link| Bookmark|
July 3, 2017 6:12:23 PM
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 (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
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.
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.
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 ?
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 (400+ Posts, 400+ Likes)
Septa sir you great expert. @tejas 302.95/ I salute you boss.
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.
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...
Really need to learn many things from you.. Surely you will became lendary investors like RJ, Porinju, Ashish Caught, Dolly Khanna and many more.. Or I don''t know you might be like one of them already..
Did not invested in Tejas but got insight now.. I am tracking your each and every post & big fan of you.. Thanks... wish you nice time ahead.