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 Limited IPO Stock Quote & Charts
- Open: 78.05
- High - Low: 79.15 - 77.80
- Previous Close: 78.40
- Total Traded Volume: 22211
- Updated On: 24-Dec-2019
Objects of the Tejas Networks Limited IPO:
A. Capital expenditure towards payment of salaries and wages of research and development team
B. Working capital requirement
C. General corporate purposes
Tejas Networks Limited IPO Details:
Open Date: |
Jun 14 2017 |
Close Date: |
Jun 16 2017 |
Total Shares: |
30,221,332 |
Face Value: |
₹ 10 Per Equity Share |
Issue Type: |
Book Built Issue IPO |
Issue Size: |
776.69 Cr. |
Lot Size: |
55 Shares |
Issue Price: |
₹ 250-257 Per Equity Share |
Listing At: |
NSE,BSE |
Listing Date: |
Jun 27 2017 |
Discussion on Tejas Networks Limited IPO: