Tejas Networks Limited 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.
Objects of the Issue:
Listing Date: Jun 27 2017
|Open Date:||Jun 14 2017|
|Close Date:||Jun 16 2017|
|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 Date:||Jun 27 2017|
|Particulars||For the year/period ended (in Rs. Million)|
|Profit After Tax||290.05||(178.66)||27.77||(790.43)||(928.90)|