Tejas Networks, the second largest optical networking product firm in India, debuted on markets today, with its share price up 3.89% as of this writing. The company's Rs. 450 crore IPO had been subscribed 1.88 times on closing. 

The stock was trading higher even as the Sensex was down in early trading. The company earlier said that it has raised Rs. 349.5 crore from its anchor book. The money raised via the IPO will be used by the company for general expenses, as well as for raising working capital. 

Photo: Ashwin Kumar