Tejas Networks Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 22,666,000 (75%) | — | ₹58,252 Cr |
| NII (HNI) | — | 4,533,199 (15%) | — | ₹11,650 Cr |
| Retail | — | 3,022,133 (10%) | — | ₹7,767 Cr |
| Σ Total | — | 30,221,332 (100%) | — | ₹776,688 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 55 | ₹14,135 |
| Retail (Max) | 13 | 715 | ₹183,755 |
| S-HNI (Min) | 14 | 770 | ₹197,890 |
| B-HNI (Min) | 67 | 3,685 | ₹947,045 |
Financial Statements Amount in Crore
| Metric | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 |
|---|---|---|---|
| Revenue | 627 | 387 | 423 |
| Profit After Tax | 29 | 18 | 3 |
| Total Assets | 838 | 728 | 745 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Capital expenditure towards payment of salaries and wages of the research and development team – 45.29
- 2 Working capital requirement – 303.00
- 3 General corporate purposes – 76.21
Company Overview
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 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.