Tejas Networks IPO
Tejas Networks is an India-based optical and data networking products company with customers in over 60 countries. The company designs, develops and sells high-performance and cost-competitive products to telecommunications service providers, internet service providers, utility companies, defence companies and government entities (collectively, “Communication Service Providers”).
Its products are used to build high-speed communication networks that carry voice, data and video traffic from fixed line, mobile and broadband networks over optical fibre. Its products utilise a programmable software-defined hardware architecture with a common software code-base that delivers an app-like ease of development and upgrades of new features and technology standards.
Currently, India is its largest geographic segment (in terms of revenue) and it claims to be well-positioned to take advantage of the growth opportunities arising out of the Digital India and the Make-in-India programs of the Indian Government.
The company has invested heavily in research and development in order to grow through multiple technology cycles and is well-positioned to capitalize on the expected growth in optical capital expenditure globally.
Driven by rising smartphone penetration and a massive increase in data traffic, global optical capital expenditure is expected to increase from US$14.6 billion in 2014 to US$17.9 billion in 2020. Further, optical equipment expenditure in India is expected to grow from US$391 million in 2014 to US$869 million by 2020, at a CAGR of 14.2%.
For the year ended March 31, 2016, it was the second largest optical networking products company in terms of market share in India, with a market share of 15% in the overall optical networking market.
|Tejas Networks IPO details|
|Subscription Dates||14 – 16 June 2017|
|Price Band||INR250 – 257 per share|
|Fresh issue||INR450 crore|
|Offer For Sale||12,711,605 shares (INR326.68 crore at upper band)|
|Total IPO size||INR776.68 crore at upper band|
|Minimum bid (lot size)||55 shares|
|Face Value||INR10 per share|
|Listing On||NSE, BSE|
Tejas Networks’ consolidated financial performance (in INR crore)
|Profit after tax||-79.0||2.8||-17.9||29.0||63.2|
Tejas Networks Ltd
Software Park, Plot No.
Tejas Networks Limited IPO (Tejas Networks IPO) REVIEW (Hindi)[ TOP RATED ]
25, Sy. No.
13, 14, 17 and 18, Konnapana Agrahara Village, Begur Hobli,
Bengaluru – 560 100
Phone: +91 80 4179 4600
Fax: +91 80 2852 0201
Link Intime India Private Limited
C-13 Pannalal Silk Mills Compound,
LBS Marg, Bhandup (W), Mumbai – 400 078
Phone: +91 22 2596 3838
Fax: +91 22 2594 6969
Email: [email protected]
Tejas Networks IPO allotment status is now available on Link Intime’s website.
Click on this link to get allotment status.
Earnings Per Share (EPS): INR9.4
Price/Earnings (P/E) ratio: 26.6 – 27.3
Return on Net Worth (RONW): 12.63%
Net Asset Value (NAV): INR70.78 per share
Tejas Networks IPO Subscription Details
|Category||Shares offered||Subscription (No.
of times, at 5 PM)
|Day 1||Day 2||Day 3|
IPO Opening Date: 14 June 2017
IPO Closing Date: 16 June 2017
Finalisation of Basis of Allotment: 21 June 2017
Initiation of refunds: 22 June 2017
Transfer of shares to demat accounts: 23 June 2017
Listing Date: 27 June 2017
Listing Price on NSE: INR257 per share (no change from IPO price)
Closing Price on NSE: INR262.6 per share (up 2.2% from IPO price)