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.
- Open: 315.70
- High - Low: 321.25 - 306.30
- Previous Close: 318.85
- Total Traded Volume: 52488
- Updated On: 21-May-2018
Objects of the Issue:
Listing Date: Jun 27 2017
Issue 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 |
Company Financials:
| 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) | |
