The Tejas Networks IPO date has been confirmed to have started on June 14, 2017 and ended on June 16, 2017. Read the post to learn about Tejas Networks IPO GMP.
Using an IPO, Tejas Networks is seeking to raise Rs 776.69 crores. Its 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.
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Key Details Of Tejas Networks IPO:
Bidding Dates
June 14-16
Price Range
₹250 to ₹257
Face Value
₹10 per share
GMP
₹813.10
Tejas Networks IPO GMP
The Tejas Networks Limited IPO GMP is ₹813.10.
IPO Overview
Tejas Networks IPO is a book-built offering at Rs 776.69 crore. The offering consists of a fresh issue of Rs 450.00 crore and an offer to sell 1.27 crore shares. Tejas Networks initial public offering (IPO) began on June 14, 2017 and ended on June 16, 2017. Tejas Networks Limited IPO GMP Today is ₹813.10. Tejas Networks initial public offering (IPO) allocation was completed on Wednesday, June 21, 2017. On June 27, 2017, the shares were listed on the BSE and NSE. Tejas Networks’ IPO price range is $250 to $257 per share. An application requires a minimum lot size of 55 shares. Retail investors must make a minimum investment of $14,135.
Tejas Networks is involved in router design along with its optical and data networking hardware and software. The hardware module design allows for additions or replacement of modules, and software-defined architecture features increase capability and functionality of the hardware through software upgrades. Tejas Network operates a modern manufacturing plant and does most of the manufacturing tasks to its local vendor who provides electronics manufacturing services. Tejas Networks places you on the cradle-to-threshold services, meaning clients pay for the resources they utilize as they need.
Tejas Networks Ltd. has filed 326 patent applications, including 198 in India, 87 in the United States, and 6 in Europe, for which 47 patents have been issued.
Tejas Networks IPO Details
| 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 |
Tejas Networks Company Financials
| 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) | |
Tejas Networks IPO Timeline
| 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 |
Company Profile
Tejas network private Ltd is a company which deals with optical and data networking devices and based in Bangalore and it belongs the Bangalore city. It was established in 2000. Trjas designs, develops, and sells solutions to telecom service providers, internet service providers, utility companies, defence businesses, and government bodies in India and more than 60 countries. These devices are used in the construction of high-speed communication networks for the transmission of voice, data, and video traffic from fixed line, mobile, and broadband networks via optical fibre.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | [email protected] |
| Website | linkintime.co.in |
Contact Details
| Name | Tejas Networks Limited |
| Phone number | +91 80 4179 4600 |
| Email ID | [email protected] |
| Website | www.tejasnetworks.com |
IPO Strengths
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
Tejas Networks IPO FAQs
When Tejas Networks IPO will open?
The Tejas Networks IPO opens on June 14, 2017 and closes on June 16, 2017.
What is the lot size of Tejas Networks IPO?
Tejas Networks IPO lot size is 55 Shares, and the minimum amount required is ₹14,135.
When is Tejas Networks IPO listing date?
The Tejas Networks IPO listing date is on June 27, 2017.
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