Live Markets »IPO»IPO News»IPO News Details
IPO News Details

Tejas Networks IPO Day 3: Issue oversubscribed 1.3 times in afternoon trade

Press Trust of India / New Delhi 16 Jun 17 | 03:18 PM

The initial public offer (IPO) of Tejas Networks was oversubscribed 1.33 times till afternoon trade on the third day of the offer on Friday.

The IPO received bids for 2,26,81,945 shares against the total issue size of 1,71,12,005 shares, data available with the NSE till 1330 hours showed.

Widgets Magazine

Price band for the offer is Rs 250-257 per share.

The company had on Tuesday raised nearly Rs 350 crore through issuance of shares to anchor investors.

Tejas Networks is into developing and selling high- performance products to telecom service providers, utility companies, defence firms and government entities, among others, spread over 60 countries.

The IPO comprises fresh issue of shares worth Rs 450 crore and an offer for sale of up to 1.27 crore shares.

Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd, Edelweiss Financial Services Ltd and Nomura Financial Advisory and Securities (India) Pvt Ltd are the book running lead managers for the offer.

Widgets Magazine
2 Replies


    20 Jul 17 at 02:09 PM
By: DamienWier

The tejas networks IPO has got high profit in this year. I have seen their profit graph of the trades at best writing service website. Its really a big success in these years. They are providing the high quality telecommunication services to the customers.

    03 Jul 17 at 02:40 PM
By: sabir

We had brought it to our attention that we can now have roblox generator online and we can get roblox hack whenever we want.

Leave a reply

Email: *  
Comment: *
(Max. 1000 characters)
Word Verification: *  


Company Price Gain (%)
Reliance Inds.1,586.203.76
Coal India262.252.66
Kotak Mah. Bank998.651.86
Widgets Magazine


What do you think the impact of GST on the cost of living will be?

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine