Bookbuilding IPO | ₹777 Cr | Listed at BSE, NSE | Wed, Jun 14, 2017 - Fri, Jun 16, 2017
Tejas Networks IPO is a book build issue of ₹776.69 crores. The issue is a combination of fresh issue of 1.75 crore shares aggregating to ₹450.00 crores and offer for sale of 1.27 crore shares aggregating to ₹326.69 crores.
Tejas Networks IPO bidding started from Jun 14, 2017 and ended on Jun 16, 2017. The allotment for Tejas Networks IPO was finalized on Jun 21, 2017. The shares got listed on BSE, NSE on Jun 27, 2017.
Tejas Networks IPO price band is set at ₹257 per share. The lot size for an application is 55. The minimum amount of investment required by an retail is ₹14,135 (55 shares) (based on upper price). The lot size investment for sNII is 15 lots (825 shares), amounting to ₹2,12,025, and for bNII, it is 71 lots (3,905 shares), amounting to ₹10,03,585.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tejas Networks IPO RHP for detailed Information.
IPO Open
Wed, Jun 14, 2017
IPO Close
Fri, Jun 16, 2017
Issue Price
₹257 per share
Market Cap (Pre-IPO)
₹2,301.38 Cr
| IPO Date | 14 to 16 Jun, 2017 |
| Listed on | Tue, Jun 27, 2017 |
| Face Value | ₹10 per share |
| Price Band | ₹250 to ₹257 |
| Issue Price | ₹257 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,02,21,332 shares (agg. up to ₹777 Cr) |
| Fresh Issue | 1,75,09,727 shares (agg. up to ₹450 Cr) |
| Offer for Sale | 1,27,11,605 shares of ₹10 (agg. up to ₹327 Cr) |
| Share Holding Pre Issue | 7,20,38,130 shares |
| Share Holding Post Issue | 8,95,47,857 shares |
| BSE Script Code / NSE Symbol | 540595 / TEJASNET |
| ISIN | INE010J01012 |
Tejas Networks IPO comprises a total issue size of 3,02,21,332 shares. Out of which, 2,26,66,000 (75.00%) are allocated to QIB, 45,33,199 (15.00%) allocated to NII 30,22,133 (10.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 2,26,66,000 | 75.00% | NA |
| − Anchor Investor Shares Offered | 1,35,99,600 | 45.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 90,66,400 | 30.00% | NA |
| NII (HNI) Shares Offered | 45,33,199 | 15.00% | NA |
| Retail Shares Offered | 30,22,133 | 10.00% | 54,947 |
| Total Shares Offered | 3,02,21,332 | 100.00% |
Investors can bid for a minimum of 55 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,135 |
| Retail (Max) | 14 | 770 | ₹1,97,890 |
| S-HNI (Min) | 15 | 825 | ₹2,12,025 |
| S-HNI (Max) | 70 | 3,850 | ₹9,89,450 |
| B-HNI (Min) | 71 | 3,905 | ₹10,03,585 |
Tejas Networks IPO raises ₹349.51 crore from anchor investors. Tejas Networks IPO Anchor bid date is June 13, 2017.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jun 13, 2017 |
| Shares Offered | 1,35,99,600 |
| Anchor Portion (₹ Cr.) | 349.51 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jul 21, 2017 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Sep 19, 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure towards payment of salaries and wages of the research and development team | 45.29 |
| 2 | Working capital requirement | 303.00 |
| 3 | General corporate purposes | 76.21 |
The Tejas Networks IPO is subscribed 1.88 times on June 16, 2017 6:00:00 PM (Day 3). The public issue subscribed 3.1 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.16 | 94,34,105 | 2,04,11,105 |
| NII | 0.48 | 46,06,740 | 22,21,890 |
| Retail | 3.1 | 30,71,160 | 95,10,875 |
| Total | 1.88 | 1,71,12,005 | 3,21,43,870 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 25.71 |
| 2 | Selling commission and processing fees for SCSBs | 0.25 |
| 3 | Selling commission and Processing / uploading charges for members of the Syndicate, Registered Brokers, RTAs and CDPs | 1.16 |
| 4 | Fees payable to Registrar to the Offer | 0.10 |
| 5 | Printing and stationery expenses | 2.27 |
| 6 | Advertising and marketing expenses | 3.59 |
| 7 | Others (Listing fees; SEBI, BSE and NSE processing fees; Fees payable to Monitoring Agency; Fees payable to Legal Counsels; and Miscellaneous.) | 10.77 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹257.00 | ₹257.00 |
| Open | ₹257.00 | ₹257.00 |
| Low | ₹257.00 | ₹257.00 |
| High | ₹271.00 | ₹271.40 |
| Last Trade | ₹263.30 | ₹263.50 |
Tejas Networks IPO is a main-board IPO of 3,02,21,332 equity shares of the face value of ₹10 aggregating up to ₹777 Crores. The issue is priced at ₹257 per share. The minimum order quantity is 55.
The IPO opens on Wed, Jun 14, 2017, and closes on Fri, Jun 16, 2017.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tejas Networks IPO using UPI as a payment gateway. Zerodha customers can apply in Tejas Networks IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tejas Networks IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tejas Networks IPO opens on Wed, Jun 14, 2017 and closes on Fri, Jun 16, 2017.
Tejas Networks IPO lot size is 55, and the minimum amount required for application is ₹14,135.
You can apply in Tejas Networks IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Fri, Jun 23, 2017. Check the Tejas Networks IPO allotment status.
The Tejas Networks IPO listing date is on Tue, Jun 27, 2017.
