IPO Issue Details
Issue Price / Price Band₹257 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size55 Shares per Lot
Total Issue Size3,02,21,332 shares (aggregating up to ₹776.69 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 14 Jun 2017
Subscription CloseFri, 16 Jun 2017
Anchor AllotmentTue, 13 Jun 2017
Basis of AllotmentWed, 21 Jun 2017
Initiation of RefundsThu, 22 Jun 2017
Credit of Shares to DematFri, 23 Jun 2017
Listing DateTue, 27 Jun 2017
UPI Mandate Deadline2017-06-16
Application & Investment Details
Retail — Min (1 Lots)₹14,135 — 55 shares
Retail — Max (13 Lots)₹183,755 (13 Lots)
HNI — Min (15 Lots)₹2,12,025 — 825 shares
Pre-IPO Promoter Holding7,20,38,130 shares
Post-IPO Promoter Holding8,95,47,857 shares
Fresh Issue Shares1,75,09,727 shares (aggregating up to ₹450.00 Cr)
Offer for Sale Shares1,27,11,605 shares of ₹10 (aggregating up to ₹326.69 Cr)
About Tejas Networks Ltd.
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.
Objects of the Issue
Tejas Networks Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Capital expenditure towards payment of salaries and wages of the research and development team
45.29
2
2 Working capital requirement
303.00
3
3 General corporate purposes
76.21
Shareholding & Lock-in
Pre-IPO Promoter Holding
7,20,38,130 shares
Post-IPO Promoter Holding
8,95,47,857 shares
Lock-in Period (30%)July 21, 2017
Lock-in Period (50%)September 19, 2017