Tejas Networks Limited IPO Message Board (Page 23)

Something bothering about the Chairman''s previous venture, It did great on inital years but failed to keep up with the technology.
https://www.vccircle.com/rip-sycamore-networks/
Network systems is a dying business elsewhere, but given India has lot of potential and noone except Tier-1 cities has FTTH we can bet on this.

Network systems is NOT a dying business globally !!
It is just that most global vendors (like Ericsson/Nokia/Alcatel-Lucent & sycamore) have lost their market share in a big way to Chinese vendors (to companies like Huawei/ZTE/Fiberhome)

That is why you see most western vendors in trouble (but not all)

Hope the Chairman has learnt from his mistakes in Sycamore, so those will not be repeat them in this venture :-)
As they say, failure is the best teacher !

Septa & Eagleye

I will give a Earning Multiple of 40 X to Tejas
As Cagr is 35% + Look at Reveneu Growth.
It will my portfolio stock till 2019.
You guys will be surprised to see the growth this company will get in near future.

We have Digital Revolution in India Hold and sit back. Even with 10% With Retail I will see no Selling Pressure on Listing Day.
Apply and Hold

Expected EPS as Per Eagle Rs. 15/-
Multiple of 40 X Gives a Price of RS. 600/-
New YearTarget will be 600/-

Ortel Though Not a Comparitive Company is Trading at 60 Multiple.

NOT New year target
but Ganesh Chathurti

U r god I follow u....thank u keep posting

Gmp 60-70
Kostak 900-950
Kadi,Ahemdabad

800 mai 50 apllication sell h buy kar rahe ho kya

If you want to sell application.

Tejas Networks IPO
GMP 41 – 43

Tejas IPO
GMP 43 – 45

Is it really safe to go for this??... Are there any chances that this may go in dump? Also is there any first come first serve basis in buying.?

P.S I am buying IPO for the first time.

Tejas 45-47 Only Seller
Kostak Nil@Rajkot

43-45

Tejas Networks IPO

GMP 45 - 46
Kostak 200 - 250

Tejas IPO
Any ...
GMP ?????
Kostak????

Kostak 250 Ahmedabad

in all the open ipo Tejas Network ipo May be Best Bet Because People are Negative for this issue so allotment chances are higher as comparison to other issue and due to 10% Retail Quota limited Selling Pressure on this Stock on listing Date and it may be List above 350+
This is My own observation

Apply or not

Apply or Avoid ?

Give the total detail of this ipo

PNB Housing Finance have doubled today from its issue price in just 8 months....

Stay with it for more gains....

not yet doubled its 98.27%

Tejas Networks IPO – Schedule – Page #386 of RHP

13th June – Anchor List
14th June – Offer Opens
16th June – Offer Closes
21st June – Finalisation of Basis of Allotment
22nd June – Unblocking of ASBA
23rd June – Credit to Demat Accounts
27th June – Listing on NSE & BSE


Tejas Networks IPO – Issue Information

Issue Opens on: 14 June 2017
Issue Closes on: 16 June 2017
Issue Type: Book Built Issue IPO
Issue Size: 3,02,21,332 Equity Shares (at Upper Price Band)
Face Value: Rs 10 per Equity Share
Issue Price: Rs.250 – Rs.257 per Equity Share
Market Lot: 55 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 72,038,130 Equity Shares
Fresh Issue of 17,509,727 Equity Shares @upper price band = Rs.450.00 Crores
Offer for Sale of 12,711,605 Equity Shares @upper price band = Rs.326.69 Crores
Equity Shares outstanding after the Issue = 89,547,857 Equity Shares

Category-wise Break up:.
Anchor – 13,599,599 Shares = 349.51Crs
QIB – 9,066,400 Shares = 233.01Crs
NII – 4,533,200 Shares = 116.50Crs
RII – 3,022,133 Shares = 77.67Crs (Lot size: 55 = 54,948 Forms)

Total Issue – 30,221,332 Equity Shares = 776.69Crs.

Subscription required for 1X
RII = 54948 Forms
NII = 116.50 Crs

Interest cost @6%p.a. for 7days = 29.573paise for 1X


Financial Information (Basis of Valuation)

EPS for FY14-15 >>> Rs.(2.90) (Page #113 of RHP)
EPS for FY15-16 >>> Rs.4.36 (Page #113 of RHP)
EPS for FY16-17 >>> Rs.9.40 (Page #113 of RHP)

EPS for FY17-18 >>> Rs.15.00 (Market Estimate)


RoNW for FY14-15 >>> (5.39)% (Page #114 of RHP)
RoNW for FY15-16 >>> 8.05% (Page #114 of RHP)
RoNW for FY16-17 >>> 12.63% (Page #114 of RHP)

NAV as on March 31, 2017 was Rs.70.78 (Page #115 of RHP)

Peer Group (Page #115 of RHP): NONE

 

Tejas NetWork IPO
Market Estimates of oversubscription:

Category-wise:

1X QIB(Net) = 233.01Crs – assuming applications of 12KCrs. = 50X oversubscription

1X NII = 116.50Crs – assuming applications of 20KCrs. = 170X oversubscription

1X RII = 54,948 Forms – assuming 8L forms. = 14.50X oversubscription (applic-wise)
i.e. average 3.78 shares per form


Tejas IPO

GMP 48 – 50
Kostak 350

Dear Eagleye, where did you find the EPS data for FY16-17?? I couldn''t find this information in RHP.
Thanks in advance.

@kpv

refer page #113 RHP

A. Basic and Diluted Earnings Per Share (“EPS”)
As per our Standalone Restated Financial Information:
Fiscal Year ended Basic Diluted
EPS (in `) Weight EPS (in `) Weight
March 31, 2015 (2.69) 1 (2.69) 1
March 31, 2016 4.46 2 4.13 2
March 31, 2017 7.92 3 7.92 3
Weighted Average 5.00 4.89
As per our Consolidated Restated Financial Information:
Fiscal Year ended Basic Diluted
EPS (in `) Weight EPS (in `) Weight
March 31, 2015 (2.90) 1 (2.90) 1
March 31, 2016 4.71 2 4.36 2
March 31, 2017 9.40 3 9.40 3
Weighted Average 5.79 5.67

Tejas
GMPs 53-55
Kostak 300

Apply for listing Gain
As per pundit it is expected to list at 330 with 4% Deviation

Rajkot Brokers Association

Tejas Networks IPO

GMP 51 – 53
Kostak 200 – 250

Allotment will hard and company like this should be in portfolio it is technology which will grow leaps and bonds in future. So once it list buy this share and also add more on dips.

ON EPS of 8 they offering this 32 PE when international peers are trading 40 to 50 PE they have left a lot the table

so as said before apply with both listing gain and very good portfolio stock

Moneycontrol News

Among the fresh set of companies to hit the initial public offering (IPO) Street is Tejas Networks. The optical and data networking products company’s IPO will open on June 14, 2017 and will close on June 16, 2017.

The price band has been fixed between Rs 250 and Rs 257 per equity share.

Tejas Networks IPO

GMP 50 – 52
Kostak 200 – 250