Tejas Networks Ltd - IPO

Tejas Networks Ltd IPO Details

Initial public offering of 30,221,332 equity shares of face value of Rs. 10 each (equity shares) of Tejas Networks Limited (company or issuer) for cash at a price of Rs. 257 per equity share (including a share premium of Rs. 247 per equity share) (the offer price) aggregating to Rs. 776.69 crores (offer) comprising a fresh issue of 17,509,727 equity shares aggregating up to Rs. 450 crores (fresh issue) and an offer for sale of up to 12,711,605 equity shares by the selling shareholders, aggregating up to Rs. 326.69 crores (offer for sale). The offer shall constitute 32.56% of the post-offer paid-up equity share capital of the company.Offer Price is Rs. 257 per equity share of face value of Rs. 10 each.The Offer price is 25.7 times the face value.

Objective of issue

Capital expenditure towards payment of salaries. Working capital requirement. General corporate purposes.

Tejas Networks Ltd Contact Details

Tejas Networks Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

Phone - 91-022-25963838

Fax - 91-022-25946969

Email - corporate@tejasnetworks.com

Website - www.tejasnetworks.com