Tejas Networks IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 14/06 - 16/06
Issue Size ₹450.0 Cr
Issue Price ₹250-257
Market Lot 55 Shares
Shares on Offer 12,711,605
Registrar
GMP ₹40-42
Kostak ₹250
Subject to Sauda N/A
Listing Date 27/06
Listing Price ₹257.70
Listing Gain% 0.27

About Tejas Networks Limited IPO

Incorporated in year 2000, Tejas Networks Ltd is Bangalore based optical and data networking products company. Trjas design, develop and sell products to telecommunications service providers, internet service providers, utility companies, defense companies and government entities in India and over 60 countries. These products are used in building high-speed communication networks to carry voice, data and video traffic from fixed line, mobile and broadband networks over optical fiber.

Tejas Networks is an India-based optical and data networking products company. Tejas designs, develops and sells high-performance and cost-competitive products to telecommunications service providers, internet service providers, utilities, defence and government entities in over 60 countries. Tejas products utilize 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. Tejas is ranked amongst top-10 suppliers in the global optical aggregation segment.

Tejas Networks build hardware and software products related to optical and data networking. The hardware is build using modular approach and the software-defined architecture allows the company to remotely upgrade the hardware with new capabilities and features. Tejas Networks outsource most of its manufacturing to electronics manufacturing services companies.

Tejas Networks offer pay-as-you-grow business model where its clients purchase its products/services incrementally as needed.

Tejas Networks Ltd have filed 326 patent applications, with 198 filings in India, 87 filings in the United States and 6 filings in Europe, out of which 47 patents have been granted.

Received the Top Indian Private Company (MSME) for Patent & Commercialization from Department of Industrial Policy and Intellectual Property Office, Government of India in association with the Confederation of Indian Industry.

Received the India Innovation Awards, 2016 – Top 50 from Clarivate Analytics.

Company Financials

Particulars 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13 31-Mar-12
Total Assets (In ₹ Millions) 8,383.03 7,280.56 7,452.00 6,563.40 6,397.81
Total Revenue (In ₹ Millions) 6,274.57 3,868.26 4,230.55 3,692.71 2,014.22
Profit After Tax (PAT) (In ₹ Millions) 290.05 -178.66 27.77 -790.43 -928.90

Tejas Networks Limited IPO IPO Reviews

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  • We don't recommend subscription of Tejas Networks IPO.

Subscription Details

Date & Time QIB NII RII Total
Day 1 - June 14,2017 0.06 0.01 0.38 0.11
Day 2 - June 15,2017 0.33 0.02 1.10 0.38
Day 3 - June 16,2017 2.16 0.48 3.10 1.88

Allotment Status

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IPO Allotment Status

Tejas Networks Limited IPO IPO FAQs

  1. When will Tejas Networks Limited IPO IPO open?

    Tejas Networks Limited IPO IPO will open on 14/06 and close on 16/06.

  2. What is the listing date of Tejas Networks Limited IPO IPO?

    Tejas Networks Limited IPO IPO will list on 27/06.

  3. What is the offer price of Tejas Networks Limited IPO IPO?

    The offer price of Tejas Networks Limited IPO IPO is ₹250-257.

  4. What is the lot size of Tejas Networks Limited IPO IPO?

    The lot size of Tejas Networks Limited IPO IPO is 55.

  5. What is the Grey Market Premium (GMP) price of Tejas Networks Limited IPO IPO?

    The Grey Market Premium (GMP) price of Tejas Networks Limited IPO IPO is ₹40-42.

  6. What is the Kostak price of Tejas Networks Limited IPO IPO?

    The Kostak price of Tejas Networks Limited IPO IPO is ₹250.

  7. What is the Subject to Sauda price for Tejas Networks Limited IPO IPO?

    The Subject to Sauda price for Tejas Networks Limited IPO IPO is Not Available at the moment.

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