DSIJ Mindshare

Tejas Networks IPO to hit markets soon

Data networking product company Tejas Networks filed draft red herring prospectus (DRHP) with the capital markets regulator SEBI for its upcoming primary market offering.

The initial public offer (IPO) would combine a fresh issue of shares along with offer for sale by the existing shareholders. The company counts Intel Capital, Cascade Capital Management, Mauritius, and Frontline Strategy as key investors who will be selling their respective holdings via the IPO route.

The company plans to raise close to Rs 700 crore via the IPO process, combining both fresh issue and offer for sale.

Tejas Networks plans to use the IPO proceeds towards capital expenditure needs such as payment of salaries and wages. It will also use the money for general corporate purposes.

The company has appointed Axis Capital, Citigroup Global Markets, Edelweiss Financial Services, and Nomura Financial Advisory as the bankers to the issue and for managing the IPO.

DSIJ MINDSHARE

Mkt Commentary28-Mar, 2024

Multibaggers28-Mar, 2024

Interviews28-Mar, 2024

Multibaggers28-Mar, 2024

Multibaggers28-Mar, 2024

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR