247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Tejas Networks Limited IPO (Tejas Networks IPO) Details

Tejas Networks Limited is an Telecom based company, located in Bangalore, Tejas Networks Limited IPO size was 776.69 Cr. and was issued at 257.00 per share. The share of Tejas Networks Limited were listed at 263.30 per share and are currently trading at 1133.15 per share.

Type :
Sub Sector : Internet Service Providers
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
878.20 Cr.

PAT :
63.22 Cr.

Pricing Report

Issue Price :
257.00

Listing Price :
263.30

Current Market Price :
1133.15

Issue Price vs CMP :
876.15 (340.91%)

listing Price vs CMP :
869.85 (330.36%)

Performance Report (CAGR* wise)

CAGR : 21.64
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Tejas Networks

Company Information
Tejas Networks Limited is an India-based company specializing in optical and data networking products, serving customers in over 60 countries. The company's expertise lies in designing, developing, and selling high-performance, cost-competitive products to telecommunications service providers, internet service providers, utility companies, defense organizations, and government entities (collectively referred to as "Communication Service Providers").
Tejas Networks' products are integral to building high-speed communication networks that carry voice, data, and video traffic across fixed-line, mobile, and broadband networks using optical fibre. These products utilize a programmable software-defined hardware architecture, enabling easy development and upgrades with a common software code base that delivers app-like convenience for implementing new features and technology standards.
India is currently the company's largest geographic market in terms of revenue, and Tejas Networks is
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Object of Issue
  • Capital expenditure towards payment of salaries and wages of research and development team
  • Working capital requirement and
  • General corporate purposes
  • Offer for Sale

Tejas Networks MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Jun, 2017
IPO Size :
776.69 Cr.
IPO Subscription :
1.88 X     
PE Multiple :
36.00
Merchant Banker :
Axis Capital Limited
IPO Registrar:
Link Intime India Private Limited

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FAQs

Tejas Networks operates in Telecom and Internet Service Providers. The Issue is listed on MainBoard in Jun, 2017. Tejas Networks IPO size was 776.69 Cr. with Issue price of 257.00 .

Merchant Banker(s) of Tejas Networks IPO: Axis Capital Limited , Citigroup Global Markets India Private Limited , Edelweiss Financial Services Limited , Nomura Financial Advisory And Securities (India) Private Limited

Tejas Networks IPO subscription was 1.88 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Tejas Networks IPO listed at a listing price of 263.30 against the offer price of 257.00.

The current market price of Tejas Networks is 1133.15.

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