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

263.65

+0.57%

  • Open: 264.00
  • High - Low: 267.50 - 258.15
  • Previous Close: 262.15
  • Total Traded Volume: 74013
  • Updated On: 19-Jul-2018

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

Financials of Tejas Networks Limited IPO as per DRHP:

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)

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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