Page 2 - Tejas Networks

Tejas Networks surges 10% on strategic pact with Bharat Electronics

Tejas Networks has received purchase orders totalling over Rs 60 crore from BEL, towards supply and services of its optical and data networking equipment for various projects won by BEL.

Tejas Networks plunges 14% to hit record low on weak June quarter results

The company reported a sharp 87 per cent drop in its consolidated net profit at Rs 6 crore in June quarter, due to weak revenue on deferment of spending on government projects.

Tejas Networks sees domestic market growing faster for it than exports

According to a report by research firm Ovum, this country is expected to be a $1 billion per year optical network equipment market by 2022

Tejas Networks completes deployment of GPON equipment; stock surges 11%

The stock rallied 11% to Rs 472 on BSE after the company successfully completed GPON equipment installations in over 40,000 gram panchayats in India as part of the BharatNet Phase-1 project.

Tejas Networks gains after Abu Dhabi Investment, Amansa Holdings buy stake

The stock was up 4% to Rs 274 on the National Stock Exchange in early morning trade.

Tejas Networks IPO gets lukewarm response; oversubscribed just 1.9 times

Telecom networking products company Tejas Networks received cold response for its initial public offering (IPO) as it was subscribed just 1.9 times. The wealthy investor portion of the issue remained undersubscribed at 50 per cent. The institutional and retail investor quota garnered 2.2 and three times subscription respectively. Market players said the lukewarm response from high net worth investors (HNIs) could mean the investors were not excepting good listing day returns.Tejas Networks' IPO comprised of fresh equity issuance of Rs 450 crore and offer sale by existing shareholders of Rs 327 crore. The OFS portion was around 14 per cent of the post issue paid up capital. Part of the fresh issue proceeds (Rs 303 crore) will be used for working capital and the remaining will be deployed for capital expenditure towards payment of salaries and wages.Tejas will be the first company in optical networking equipment to list on domestic bourses. At the top end of the price band, the company .

Tejas Networks: Strong growth prospects, premium valuations

Prices could have been more attractive, due to weak financials

Tejas IPO will offer exits to Desh Deshpande, Mayfield, Intel Capital

Tejas builds equipment that allows high speed data on optical fibre networks

Tejas Networks files IPO papers with Sebi

The company plans to raise about Rs 150 crore by selling 60 lakh shares ahead of the IPO

India will be the fastest growing optical networking market in the world in 5 years: Sanjay Nayak

Interview with MD & CEO, Tejas Networks

Tejas Networks resumes IPO plan

Home-grown telecom equipment company crosses $100 mn in revenues in FY16