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Tejas Networks Ltd.

Tejas Networks Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹257
₹257
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹257
Based on GMP
Min. Investment
₹14,135
1 lot × 55 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
14 Jun 2017
Close Date
16 Jun 2017
Allotment
21 Jun 2017
Listing Date
27 Jun 2017
Exchange
NSE & BSE
Price Band
₹257
Listing Price
See chart
Allotment Status
Price Band
₹257
Per share
Face Value
₹10 per share
 
Lot Size
55 Shares
per lot
Issue Size
3,02,21,332 shares (aggregating up to ₹776.69 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,135
1 lot
Pre-IPO Holding
7,20,38,130 shares
Promoters
Post-IPO Holding
8,95,47,857 shares
Promoters
UPI Deadline
2017-06-16
Mandate
Anchor AllotmentTue, 13 Jun 2017
Basis of AllotmentWed, 21 Jun 2017
Refund InitiationThu, 22 Jun 2017
Demat CreditFri, 23 Jun 2017
Listing DayTue, 27 Jun 2017
UPI Mandate Deadline2017-06-16
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares1,75,09,727 shares (aggregating up to ₹450.00 Cr)
Offer for Sale1,27,11,605 shares of ₹10 (aggregating up to ₹326.69 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Tejas Networks Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Jun 2017.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
30,221,332
100% ₹776.69
IPO Shares Offered
Tejas Networks Ltd. IPO total issue size: ₹776.69 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 30,221,332 ₹776.69
100.00%
* Based on upper price band ₹257 per share
Lot Size & Investment
Lot Size
55
Shares per Lot
Issue Price
₹257.00
Upper Band
Min Investment
₹14,135
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)2110₹28,270
Retail (Max — 14 Lots)14770₹197,890
S-HNI (Min — 15 Lots)15825₹212,025
B-HNI (Min — 71 Lots)713,905₹1,003,585
* Issue Price ₹257 × Lot Size 55 shares
IPO Schedule
Anchor
13 Jun 2017
✓ Done
IPO Open
14 Jun 2017
✓ Done
IPO Close
16 Jun 2017
✓ Done
Allotment
21 Jun 2017
✓ Done
Refunds
22 Jun 2017
✓ Done
Demat Credit
23 Jun 2017
✓ Done
Listing Day
27 Jun 2017
✓ Done
Tejas Networks Ltd. — Live Price LIVE
₹257.00
INR · BSE
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Issue ₹257.00 Live Price
About Tejas Networks Ltd.
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.
Objects of the Issue
1
1 Capital expenditure towards payment of salaries and wages of the research and development team
2
2 Working capital requirement
3
3 General corporate purposes
Tejas Networks Ltd. Financials (Amount in Crore)
Revenue from Operations
₹423.1
31-Mar-14
₹386.8
31-Mar-15
₹627.5
31-Mar-16
Profit After Tax (PAT)
₹2.8
31-Mar-14
₹17.9
31-Mar-15
₹29.0
31-Mar-16
Particulars31-Mar-1631-Mar-1531-Mar-14
Revenue from Operations 627.46 386.83 423.06
EBITDA N/A N/A N/A
Profit After Tax (PAT) 29.01 17.87 2.78
Net Worth N/A N/A N/A
Total Assets 838.30 728.06 745.20
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered3,02,21,332 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding7,20,38,130 shares
Post-Issue Promoter Holding8,95,47,857 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Axis Capital Ltd.
Citigroup Global Markets India Pvt.Ltd.
Edelweiss Financial Services Ltd.
Nomura Financial Advisory & Securities (India) Pvt.Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Tejas Networks Ltd. IPO subscribed?

Tejas Networks Ltd. IPO is subscribed 1.00 times by Jun 16, 2017. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Tejas Networks Ltd. IPO retail subscription status?

The Tejas Networks Ltd. IPO retail category is subscribed 1.00 times as of 16 Jun 2017. The retail portion is oversubscribed.

How to subscribe Tejas Networks Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 14 Jun 2017 and closes 16 Jun 2017. Min investment: ₹14,135 (1 lot = 55 shares). UPI mandate: 2017-06-16.

How many times Tejas Networks Ltd. IPO subscribed?

The Tejas Networks Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Tejas Networks Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 21 Jun 2017. Refunds: on 22 Jun 2017.

When Tejas Networks Ltd. IPO will be listed?

The Tejas Networks Ltd. IPO listing date is 27 Jun 2017, Tuesday. Listed on: NSE & BSE. Issue price: ₹257. Estimated listing: ₹257. GMP: NIL.

When Tejas Networks Ltd. IPO close?

The Tejas Networks Ltd. IPO closes on 16 Jun 2017, Friday. UPI mandate: 2017-06-16. Allotment: 21 Jun 2017. Listing: 27 Jun 2017.