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Tejas Networks IPO is a book built issue of Rs 776.69 crores. The issue comprises of fresh issue of Rs 450.00 crore and offer for sale of 1.27 crore shares.
Tejas Networks IPO bidding started from June 14, 2017 and ended on June 16, 2017. The allotment for Tejas Networks IPO was finalized on Wednesday, June 21, 2017. The shares got listed on BSE, NSE on June 27, 2017.
Tejas Networks IPO price band is set at ₹250 to ₹257 per share. The minimum lot size for an application is 55 Shares. The minimum amount of investment required by retail investors is ₹14,135.
Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd and Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Tejas Networks IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Tejas Networks IPO RHP for detailed information.
IPO Date | June 14, 2017 to June 16, 2017 |
Listing Date | June 27, 2017 |
Face Value | ₹10 per share |
Price Band | ₹250 to ₹257 per share |
Lot Size | 55 Shares |
Total Issue Size | 30,221,332 shares (aggregating up to ₹776.69 Cr) |
Fresh Issue | [.] shares (aggregating up to ₹450.00 Cr) |
Offer for Sale | 12,711,605 shares of ₹10 (aggregating up to ₹[.] Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 72,038,130 |
Share holding post issue | 89,547,857 |
Tejas Networks IPO offers 17,112,005 shares. 9,434,105 (55.13%) to QIB, 4,606,740 (26.92%) to NII, 3,071,160 (17.95%) to RII. 55,839 RIIs will receive minimum 55 shares and (sNII) and (bNII) will receive minimum 825 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 9,434,105 (55.13%) | NA |
NII (HNI) Shares Offered | 4,606,740 (26.92%) | |
Retail Shares Offered | 3,071,160 (17.95%) | 55,839 |
Total Shares Offered | 17,112,005 (100%) |
Tejas Networks IPO opens on June 14, 2017, and closes on June 16, 2017.
IPO Open Date | Wednesday, June 14, 2017 |
IPO Close Date | Friday, June 16, 2017 |
Basis of Allotment | Wednesday, June 21, 2017 |
Initiation of Refunds | Thursday, June 22, 2017 |
Credit of Shares to Demat | Friday, June 23, 2017 |
Listing Date | Tuesday, June 27, 2017 |
Cut-off time for UPI mandate confirmation | 5 PM on June 16, 2017 |
Investors can bid for a minimum of 55 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 55 | ₹14,135 |
Retail (Max) | 14 | 770 | ₹197,890 |
Lot Size Calculator |
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.
[Dilip Davda] Investors may consider investment for medium to long term in this first mover IPO from the segment, as company is set to benefit immensely under Government’s Digital India/Make-in-India campaign. Read detail review...
The Tejas Networks IPO is subscribed 1.88 times on June 16, 2017 6:00:00 PM. The public issue subscribed 3.10 times in the retail category, 2.16 times in the QIB category, and 0.48 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 2.16 |
NII | 0.48 |
Retail | 3.10 |
Total | 1.88 |
Listing Date | June 27, 2017 |
BSE Script Code | 540595 |
NSE Symbol | TEJASNET |
ISIN | INE010J01012 |
Final Issue Price | ₹257 per share |
Price Details |
---|
Final Issue 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 |
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: https://linkintime.co.in/initial_offer/public-issues.html
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 share. The minimum order quantity is 55 Shares.
The IPO opens on June 14, 2017, and closes on June 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 June 14, 2017 and closes on June 16, 2017.
Tejas Networks IPO lot size is 55 Shares, and the minimum amount required is ₹14,135.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Tejas Networks IPO will be done on Wednesday, June 21, 2017, and the allotted shares will be credited to your demat account by Friday, June 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€