Tejas Networks Limited IPO

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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

87.55

-4.99%

Check History
  • Open: 92.00
  • High - Low: 95.00 - 87.55
  • Previous Close: 92.15
  • Total Traded Volume: 46205
  • Updated On: 17-Sep-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
DRHP of Tejas Networks Limited IPO

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

Financials of Tejas Networks Limited IPO:

Summary of financial Information (Consolidated)
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)

Lead Manager of Tejas Networks Limited IPO:

  1. Axis Capital Limited
  2. Citigroup Global Markets India Private Limited
  3. Edelweiss Capital Limited
  4. Nomura Financial Advisory And Securities (India) Private Limited

Registrar of Tejas Networks Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Tejas Networks Limited J.P. Software Park, Plot No. 25, Sy.No. 13, 14, 17 & 18, Konnapana Agrahara Village Begur Hobli, Bengaluru 560 100 Phone: +91 80 4179 4600 Fax: +91 80 2852 0201 Email: corporate@tejasnetworks.com Website: www.tejasnetworks.com

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