Tejas Networks Initial Public Offer (IPO) opens on June 14, 2017 and the price band fixed per equity share varies from Rs. 250 – 275.
Tejas Networks proposes to open on June 14, 2017, an initial public offering of equity shares of face value of Rs. 10 each for cash comprising of a fresh issue of Equity Shares aggregating up to Rs. 4,500 million and an offer for sale of up to 12,711,605 Equity Shares by Selling Shareholders. The Bid/ Offer will close on June 16, 2017.
Bids can be made for a minimum of 55 equity shares and in multiples of 55 equity shares thereafter.
The Book Running Lead Managers to the Offer are Axis Capital, Citigroup Global Markets India, Edelweiss Financial Services and Nomura Financial Advisory and Securities (India).
The equity shares offered through the RHP are proposed to be listed on BSE and National Stock Exchange of India.
Tejas Networks designs, develops and sells high-performance and cost-competitive products to telecommunications service providers, internet service providers, utility companies, defence companies 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 and has filed over 300 patents.