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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.
| 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) | |
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.
| IPO Opening Date | Jun 14, 2017 |
| IPO Closing Date | Jun 16, 2017 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹250 to ₹257 per equity share |
| Market Lot | 55 Shares |
| Min Order Quantity | 55 Shares |
| Listing At | BSE, NSE |
| Issue Size | 30,221,332 Eq Shares of ₹10 (aggregating up to ₹776.69 Cr) |
| Fresh Issue | [.] Eq Shares of ₹10 (aggregating up to ₹450.00 Cr) |
| Offer for Sale | 12,711,605 Eq Shares of ₹10 (aggregating up to ₹[.] Cr) |
The Tejas Networks IPO open date is Jun 14, 2017, and the close date is Jun 16, 2017. The issue may list on Jun 27, 2017.
| IPO Open Date | Jun 14, 2017 |
| IPO Close Date | Jun 16, 2017 |
| Basis of Allotment Date | Jun 21, 2017 |
| Initiation of Refunds | Jun 22, 2017 |
| Credit of Shares to Demat Account | Jun 23, 2017 |
| IPO Listing Date | Jun 27, 2017 |
The Tejas Networks IPO market lot size is 55 shares. A retail-individual investor can apply for up to 14 lots (770 shares or ₹197,890).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 55 | ₹14,135 |
| Maximum | 14 | 770 | ₹197,890 |
The Tejas Networks IPO is subscribed 1.88 times on Jun 16, 2017 18:00. The public issue subscribed 3.10 in the retail category, 2.16 in the QIB category, and 0.48 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.16 |
| NII | 0.48 |
| RII | 3.10 |
| Total | 1.88 |
| Listing Date | Tuesday, June 27, 2017 |
| BSE Script Code | 540595 |
| NSE Symbol | TEJASNET |
| Listing In | B Group of Securities |
| ISIN | INE010J01012 |
| IPO Price | ₹257 per equity share |
| Face Value | ₹10 per equity share |
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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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tnl.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
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 equity share. The minimum order quantity is 55 Shares.
The IPO opens on Jun 14, 2017, and closes on Jun 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 Jun 14, 2017 and closes on Jun 16, 2017.
Tejas Networks IPO lot size is 55 Shares and the minimum order quantity is 55 Shares.
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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Tejas Networks IPO will be done on Jun 21, 2017, and the allotted shares will be credited to your demat account by Jun 23, 2017. Check the Tejas Networks IPO allotment status.
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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€