Tejas Networks IPO
Tejas Networks Limited (TEJASNET) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 27 June 2017.
Listed 27 Jun
Subscribed 1.88x
Listing gain +0.0%
Issue details
Price band
₹250–257
Issue price
₹257
Lot size
55 shares
Min. retail bid
₹14,135
Max. retail bid
14 lots (₹1,97,890)
Issue size
₹803 Cr
Face value
₹10
Bidding
14 Jun – 16 Jun 2017
Listing
27 Jun 2017
Retail quota
10% (75% QIB issue)
Registrar
Link Intime India Private Limited
Listing day
Listed at
₹257
0.0% vs issue price ₹257
Day's high
₹271
+5.6% · low ₹257 (0.0%)
Day's close
₹264
+2.5% · traded ₹351 Cr
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 94,34,105 | 2,04,11,105 | 2.16x | |
| NII (HNI) total | 46,06,740 | 22,21,890 | 0.48x | |
| Retail | 30,71,160 | 95,10,875 | 3.10x | |
| Total | 1,71,12,005 | 3,21,43,870 | 1.88x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 25% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Tejas Networks's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Precision CamshaftsJan 2016 | 2.62x | 0.73x | 2.01x | 1.91x | ₹424 Cr | -11.3% | -0.5% |
| HealthCare Global EnterprisesMar 2016 | 2.36x | 0.43x | 0.83x | 1.56x | ₹650 Cr | -3.6% | -2.8% |
| L&T Technology ServicesSep 2016 | 5.01x | 1.03x | 1.75x | 2.53x | ₹894 Cr | +7.0% | +8.3% |
| CL EducateMar 2017 | 3.65x | 0.21x | 1.63x | 1.90x | ₹239 Cr | -19.9% | -15.9% |
| Varun BeveragesOct 2016 | 4.94x | 0.42x | 0.82x | 1.86x | ₹1,112 Cr | -3.4% | +6.0% |
| Infibeam IncorporationMar 2016 | 0.86x | 2.23x | 1.31x | 1.11x | ₹1,148 Cr | +4.9% | +8.1% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Edelweiss Financial Services | 16 | +25.0% | 69% |
| Nomura Financial Advisory and Securities (India) | 27 | +16.0% | 56% |
Offer documents (NSE)
Frequently asked
What is the Tejas Networks IPO price band and lot size? ₹250–257 per share, with a lot of 55 shares, so the smallest retail bid is ₹14,135.
How many times has it been subscribed? 1.88x overall: QIB 2.16x, NII 0.48x, retail 3.10x.
How did it list? It opened at ₹257, +0.0% against the issue price of ₹257, and closed its first day +2.5%.
Other IPOs of 2017
Astron Paper & Board MillsFuture Supply Chain SolutionsShalbyHDFC Standard Life Insurance CompanyKhadim IndiaThe New India Assurance CompanyMahindra LogisticsReliance Nippon Life Asset Management
All 2017 IPOs →
Important: The AI listing estimates on Flash Finance are statistical estimates drawn from
how past Indian IPOs have listed. They are not a forecast of what any IPO will do, not a recommendation to apply, buy or sell,
and not investment advice. Listing prices depend on market conditions on the listing day and can differ widely from any
estimate; past patterns may not repeat. Subscription figures are as published by NSE (bids on NSE and BSE together) and can be
revised. Flash Finance is not a SEBI-registered investment adviser or research analyst. Read the issue's Red Herring
Prospectus and consult a SEBI-registered adviser before you invest.
