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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.

Tejas Networks IPO Details

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 Size30,221,332 Eq Shares of ₹10
(aggregating up to ₹776.69 Cr)
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹450.00 Cr)
Offer for Sale12,711,605 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)

Tejas Networks IPO Tentative Timetable

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

Tejas Networks IPO Lot Size

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

Tejas Networks IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB

2.16

NII

0.48

RII

3.10

Total

1.88

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
IPO Price ₹257 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO 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

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
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: http://www.linkintime.co.in

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 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.

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

Tejas Networks IPO Message Board

Ranked Members  Ranked Members

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516. Septa |Aug 3, 2017 12:15
IPO Guru IPO Guru (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 |Jul 13, 2017 15:02
Expecting 800 very urgently ..need my money back...please push this AU....not able to wait up to deember
514. Eagleye |Jul 3, 2017 18:14
IPO Guru IPO Guru (6000+ Posts, 20200+ Likes)
Tejas IPO

NEW TARGET ... Rs 400/-

In next 40 trading sessions
514.7. aarav |Jul 17, 2017 20:14
I will Pray to God that your target successfully achieve. As I bought it @320 according to your suggestion.
514.8. jigeshpatel |Jul 17, 2017 22:16
What''s your target for au bank ????
513. Nidhike |Jul 7, 2017 15:12
Top Contributor Top Contributor (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 |Jul 7, 2017 15:06
Very useful insider news from eagleye.
511. Thamarai |Jul 7, 2017 14:53
Excellent work eagle eye
510. Hiren K. |Jul 7, 2017 14:46
Forrester again. 360......
509. RONYTHOMAS |Jul 3, 2017 19:17
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 |Jul 5, 2017 13:01
IPO Guru IPO Guru (1000+ Posts, 2500+ Likes)
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 |Jul 3, 2017 18:18
IPO Guru IPO Guru (6000+ Posts, 20200+ 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 |Jul 5, 2017 11:45
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 |Jun 27, 2017 11:57
IPO Mentor IPO Mentor (900+ Posts, 600+ Likes)
was all the tension of last 10 days worth the flat listing?
507.5. Eagleye |Jul 3, 2017 18:11
IPO Guru IPO Guru (6000+ Posts, 20200+ Likes)
NEW TARGET ... Rs 400/- ... In next 40 trading sessions
507.6. Ranga |Jul 3, 2017 20:08
@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 |Jun 27, 2017 19:33
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 |Jul 1, 2017 07:41
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Yes......
506.7. Eagleye |Jul 3, 2017 18:12
IPO Guru IPO Guru (6000+ Posts, 20200+ Likes)
NEXT TARGET ... Rs 400/-
In next 40 trading sessions
505. Eagleye |Jul 3, 2017 12:09
IPO Guru IPO Guru (6000+ Posts, 20200+ 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 |Jul 2, 2017 02:23
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 |Jul 1, 2017 08:15
New Stake holders will 650 price touch in a year
502. Nidhike |Jun 30, 2017 14:14
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Tejas on its way to 400
Cdsl 300
DMART 1000😍😍😍😍😍

502.5. Septa |Jun 30, 2017 15:19
IPO Guru IPO Guru (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 |Jun 30, 2017 19:52
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 |Jun 30, 2017 19:40
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 |Jun 30, 2017 16:46
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
Septa sir you great expert.
@tejas 302.95/
I salute you boss.
499. Septa |Jun 27, 2017 17:18
IPO Guru IPO Guru (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 |Jun 30, 2017 14:44
Bhag Tejas Bhaag,,,
499.19. DarkHorse |Jul 6, 2017 12:31
septa sir,Univastu SME ke bare me bataiye na jara,plz..!!
apply kare ya nahi..? _/\_
498. RIGHTTINVESTMENT |Jun 30, 2017 14:10
TEJAS has crossed 305. We benefitted by listening to Sapta Sir rather than Stock T and Red turtle.
497. Villain |Jun 30, 2017 14:08
305 OMG