Tejas Networks Ltd.

NSE: TEJASNET | BSE: 540595 | ISIN: INE010J01012 | Industry: Telecom Equipment
| Slowing Down Stock
678.3000 -7.00 (-1.02%)
NSE May 09, 2025 15:31 PM
Volume: 1.8M
 

678.30
-1.02%

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. has lost -20.89% in the last 3 Months
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