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Tejas IPO Can Hit Market By Q4 In Current FY

Tejas IPO Can Hit Market By Q4 In Current FY:

Tejas Networks, a banglore based company, planning for its IPO and looking to raise close to Rs 800 crore.

As per sources has appointed Axis Capital, Citibank, Edelweiss and Nomura as bankers for the IPO.

Tejas Networks is the only Indian company in computer networking and telecommunication equipment manufacturing company based in Bangalore, India.

Tejas is a pioneering R&D organisation that designs, develops and manufactures advanced fiber-optic transmission and broadband access equipment for telecom service providers, utility and defence companies.

Founded in 2000, Tejas is currently the #1 domestic supplier in India’s optical networking market and is a top-10 supplier in the global optical aggregation market.

Tejas Network has earlier planned for IPO eight year back but due to global financial crisis and some other negative factors it has abandoned the IPO plan at that time.

Now again they are reviving that plan and it is expected to hit market by January or February.

Market Update:

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L&T Technology IPO bidding is going to start from September 12, 2016.

GNA Axles Ltd IPO bidding also going to start from September 14, 2016 – September 16, 2016.

After that ICICI Prudential Life Insurance IPO will open on September 19,2016 and will close on September 21, 2016.

2 NSE SME IPO that is Crown Lifters Ltd IPO (CLL IPO) and Husys Consulting Ltd IPO (Husys Consulting IPO) bidding will start from September 9 – September 19.

1 BSE SME IPO, Radhika Jeweltech Ltd IPO (RJL IPO) is going to open from September 12, 2016 – September 20, 2016.

There are some good stocks in Pipeline this year including BSE itself coming with its own IPO. BSE will be selling its shares on index and traded on exchange.

Other some important IPO’s to look upon are NSE IPO and HDFC Standard Life IPO etc.

So Keep watching this blog to keep yourself updated with all the news.

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Latest Grey Market Premium (GMP) of L&T Technology IPO (LTT IPO) is between Rs 35 – Rs 42 per equity share. While Current  Grey Market Premium (GMP) of ICICI Prudential Life Insurance IPO (ICICI Pru Life IPO) is between Rs 18 – Rs 22 per equity share.

GNA Axles Ltd IPO (GNA Axles IPO) Grey Market Premium (GMP) between Rs 14 – Rs 17 per equity share.

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