Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹257.00 per share . The lot size for an application is 55. The minimum amount of investment required by an retail is ₹13,750 (55 shares). 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 Date | June 14, 2017 to June 16, 2017 |
| Listing Date | June 27, 2017 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹250 to ₹257 per share |
| Issue Price Final | ₹257 per share |
| Lot Size | 55 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,02,21,332 shares (aggregating up to ₹776.69 Cr) |
| Fresh Issue | 1,75,09,727 shares (aggregating up to ₹450.00 Cr) |
| Offer for Sale | 1,27,11,605 shares of ₹10 (aggregating up to ₹326.69 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 7,20,38,130 shares |
| Share Holding Post Issue | 8,95,47,857 shares |
Tejas Networks IPO offers total 3,02,21,332 shares. Out of which 2,26,66,000 (75.00%) allocated to QIB, 90,66,400 (30.00%) allocated to QIB, 45,33,199 (15.00%) allocated to NII, 30,22,133 (10.00%) allocated to RII and 1,35,99,600 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum 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%) |
Tejas Networks IPO opens on June 14, 2017, and closes on June 16, 2017.
| IPO Open Date | Wed, Jun 14, 2017 |
| IPO Close Date | Fri, Jun 16, 2017 |
| Tentative Allotment | Wed, Jun 21, 2017 |
| Initiation of Refunds | Thu, Jun 22, 2017 |
| Credit of Shares to Demat | Fri, Jun 23, 2017 |
| Tentative Listing Date | Tue, Jun 27, 2017 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 16, 2017 |
Investors can bid for a minimum of 55 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
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 Company Tejas Networks IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[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...
| Listing Date | June 27, 2017 |
| BSE Script Code | 540595 |
| NSE Symbol | TEJASNET |
| ISIN | INE010J01012 |
| Final Issue Price | ₹257 per share |
| BSE Listing Group | B |
Tejas Networks Ltd.
J.P. Software Park, Plot No. 25,
Sy.No. 13, 14, 17 & 18, Konnapana Agrahara Village
Begur Hobli,
Bengaluru, Karnataka, 560100
Phone: +91 80 4179 4600
Email: corporate@tejasnetworks.com
Website: http://www.tejasnetworks.com/
MUFG Intime India Pvt.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 3,02,21,332 equity shares of the face value of ₹10 aggregating up to ₹776.69 Crores. The issue is priced at ₹257 per share. The minimum order quantity is 55.
The IPO opens on June 14, 2017, and closes on June 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 June 14, 2017 and closes on June 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 Friday, June 23, 2017. Check the Tejas Networks IPO allotment status.
The Tejas Networks IPO listing date is on Tuesday, June 27, 2017.
Useful Articles
RHP