693.6500 -8.00 (-1.14%)
NSE Jul 11, 2025 15:31 PM
Volume: 388.8K
 

693.65
-1.14%

IPO Note - Avoid - Volatile performance and punchy valuations

Prabhudas Lilladhar
company with a customer base across 60 countries. Tejas designs, develops and sells products to telecommunication service providers, internet service providers, utility companies and government entities. The products are used to build communicationnetworkthatcarryvoice,dataandvideotraffic.AsofFY17,63%of thebusinessisderivedfromIndiaand27%isderivedfromrestoftheworld(Africa, LatinAmerica,Malaysia).ThecompanyplanstoraiseRs7,766mnthroughissueof 30.7mnshares(ofwhichRs4500mnisamountraisedfromfreshissueofsharesand Rs3276mn is offer for sale of shares from existing investors). The funds raised...
Tejas Networks Ltd. is trading below all available SMAs
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