Tejas Networks Limited IPO
Tejas Networks Limited was a mainboard IPO in the Telecom - Equipment & Accessories sector, offered at ₹250–₹257 per share to raise ₹777 crore. The issue was subscribed 1.88× overall (QIBs 2.16×, NIIs 0.48×, retail 3.1×). It listed on 27 Jun 2017 at ₹257 and closed its first day at ₹264, a listing gain of +2.5% versus the ₹257 issue price. It now trades around ₹403 (+56.8% versus the issue price).
Frequently asked questions
- How many times was the Tejas Networks Limited IPO subscribed?
- The Tejas Networks Limited IPO was subscribed 1.88× overall — 2.16× in the QIB category, 0.48× among non-institutional investors, 3.1× in retail.
- What were the Tejas Networks Limited IPO listing gains?
- Tejas Networks Limited listed on 27 Jun 2017 at ₹257, closing its first day at ₹264 — a listing gain of +2.5% versus the ₹257 issue price.
- What were the retail allotment odds for the Tejas Networks Limited IPO?
- Retail was subscribed 3.1×, so a single-lot application had roughly a 32.3% chance of allotment (about 1 in 3), and allotment was finalised on 21 Jun 2017.
- What was the price band and lot size of the Tejas Networks Limited IPO?
- The price band was ₹250–₹257 per share, with a minimum lot of 55 shares (₹14,135 at the upper band).
- Who were the registrar and lead manager for the Tejas Networks Limited IPO?
- Link Intime India Private Limited was the registrar, and Axis Capital was the book-running lead manager.