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Tejas Networks Ltd IPO (TNL IPO) Details

Tejas Networks Ltd IPO (TNL IPO) Details - Apply IPO

Tejas Networks Ltd IPO (TNL IPO) Details:

Tejas Networks Ltd. designs, develops, and sells products to telecommunications service providers, Internet service providers, utilities, defense, and government entities in India and internationally.

The company offers a portfolio of optical and data networking products covering access, metro, and long-haul networks that are used to build communication networks that carry voice, data, and video traffic from fixed line, mobile, and broadband networks over optical fiber.

It provides optical networking products and broadband access products that are configured as converged packet optical, packet transport network, and dense wavelength division multiplexing products in the telecommunications network. Tejas Networks Ltd. also provides intelligent network management software for deployment of large-scale networks that enables unified management of company’s products from a graphical and Web-based user interface.

The company was formerly known as Tejas Networks India Limited and changed its name to Tejas Networks Ltd. in March 2008. Tejas Networks Ltd. was incorporated in 2000 and is based in Bengaluru, India.

OBJECTS OF THE ISSUE:

Company proposes to utilize the Net Proceeds towards funding the following objects:

  1. Capital expenditure towards payment of salaries and wages of our research and development team;
  2. Working capital requirement; and
  3. General corporate purposes.

Tejas Networks Ltd IPO (TNL IPO) Details:

  1. Issue Open: June 14, 2017 – June 16, 2017
  2. Issue Type: 100% Book Built Issue IPO
  3. Face Value: Rs 10 Per Equity Share
  4. Issue Size:  3,02,21,332 Equity Shares of Rs 10 aggregating up to Rs 776.69 Cr
  5. Issue Price: Rs 250 – Rs 257 Per Equity Share
  6. Market Lot: 55 Shares
  7. Minimum Order Quantity: 55 Shares
  8. Listing At: BSE, NSE

* To Be Updated

BOOK RUNNING LEAD MANAGERS Of Tejas Networks Ltd IPO (TNL IPO):

Axis Capital Limited

1st Floor Axis House C-2, Wadia International Centre

Pandurang Budhkar Marg Worli

Mumbai 400 025 Maharashtra, India

Tel: +91 22 4325 2183 Fax: +91 22 4325 3000

E-mail: tejas.ipo@axiscap.in

Investor grievance e-mail: complaints@axiscap.in

Citigroup Global Markets India Private Limited

1202, 12th Floor, First International Financial Center,

G-Block, Bandra Kurla Complex, Bandra (East)

Mumbai 400 098 Maharashtra,

India Tel: +91 22 6175 9999 Fax: +91 22 6175 9961

E-mail: tejasnetworks.ipo@citi.com

Investor grievance e-mail: investors.cgmib@citi.com

Edelweiss Financial Services Limited

14th Floor, Edelweiss House Off C.S.T. Road

Kalina Mumbai 400 098 Maharashtra, India

Tel: +91 22 4009 4400 Fax: +91 22 4086 3610

E-mail: tn.ipo@edelweissfin.com

Investor grievance e-mail: customerservice.mb@edelweissfin.com

Nomura Financial Advisory and Securities (India) Private Limited

Ceejay House, Level 11, Plot F Shivsagar Estate,

Dr. Annie Besant Road, Worli, Mumbai 400 018 Maharashtra, India

Tel.: +91 22 4037 4037 Fax: +91 22 4037 4111

E-mail: tejasipo@nomura.com

Investor grievance e-mail: investorgrievances-in@nomura.com

REGISTRAR TO THE OFFER of Tejas Networks Ltd IPO (TNL IPO):

Link Intime India Private Limited

C-101, 1 st Floor 247 Park, L.B.S. Marg

Vikhroli (West) Mumbai 400 083 Maharashtra, India

Tel: +91 22 4918 6200 Fax: +91 22 4918 6195

E-mail: tnl.ipo@linkintime.co.in

Investor grievance e-mail: tnl.ipo@linkintime.co.in

Tejas Networks Ltd IPO (TNL IPO) Red Herring Prospectus (RHP):

Tejas Networks IPO (TNL IPO) Prospectus

Market Update:

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Housing and Urban Development Corporation Ltd IPO (HUDCO) listing is also successfully completed.

PSP Projects Ltd(PPL) IPO bidding is also over. Indigrid Invit Fund IPO bidding also able to close successfully on May 19, 2017.

Tejas Networks Ltd (TNL) IPO bidding is going to hit market from June 14, 2017 – June 16, 2017.

In the month of June we can expect Central Depository Services Ltd IPO (CDSL IPO),  Eris Lifesciences Ltd IPO.

Some SME IPO will also be active in market in coming week.

This year we can see some good IPO hitting market like NSE Ltd IPOHDFC Standard life insurance, SBI life insurance etc.

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

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