JM Financial Credit Solutions Limited Rs. 750 crores NCD Issue to open on May 28, 2018 - Samsung Launches Exciting New Galaxy J&A Smartphones With Infinity Display And Chat Over Video - Toyota Kirloskar Motor begins delivery of Yaris Pan India - Balaji Amines Ltd declare 130% dividend and PAT increased by 37.38% - Abbott’s New PediaSure® Cookies & Cream ensures Summer Break is a good #timetogrow for Children - OnePlus 6 The Fastest and Most Sophisticated Handset – The Speed You Need comes to India - Small Steel Manufacturers have a bigger role in India’s vision of producing 300mn tonnes by 2030 : Chaudhari Birendra Singh - Honda Cars India launches All-New 2nd Generation Honda Amaze - Dewan Housing Finance Corporation Ltd. Rs12,000 crore non-convertible debentures (NCDs) bond issue to open on May 22, 2018 - Construction & Infrastructure Industry awaits 6th edition of Concrete Show India (CSI) 2018 - SHELL LUBRICANTS UNVEILS THE ‘POWER OF PARTNERSHIPS’ CAMPAIGN TO CELEBRATE INDUSTRY COLLABORATION AND PARTNERSHIPS - Confidence Group Launches ‘GoGas Elite’ - Composite LPG Cylinders - Kalpataru Wins CREDAI-MCHI Golden Pillar Award for its CSR Initiatives - Kieron Pollard inaugurates new state of the art Cricket Wing at New Ahmedabad Sports - KINGSTON TECHNOLOGY STRENGTHENS ITS SERVICE IN INDIA - Compuage Infocom Ltd. – declares dividend of 20% for FY18 - Fitbit Announces India Availability of Fitbit Versa - NCP President Sharad Pawar to inaugurate Tawde “Atithi Bhavan” - Megh Mandal Sansthan to Felicitate Indian Painters with Raja Ravi Varma Chitrakar Samman Samaroh on 8th May at Iskcon Auditorium at 8 PM - IndoStar Capital Finance Initial Public Offering (IPO) Opens on May 9, 2018 - Irfan Pathan Launches Mashroo’s Exclusive Ramadan Collection Thobes - Gem & Jewellery India International Exhibition (GJIIE) 2018 Concludes With a Dazzle in Chennai - Constantia Flexibles to double sales in India in five years - Bandhan Bank Q4 net profit up 20.3% at ₹387.9 crore, Net profit for FY 17-18 jumps 21% at ₹1345.6 crore - 3rd edition of ‘Page 3 International Awards’ this year on April 28 at Hotel JW Marriott Marquis in Dubai Hosted By AAT in association with Tefla’s - OJAS Eye Hospital brings Lumenis M22 Optimal Pulse Technology (OPT) - Saltigoto focus more on business opportunities in India - CBME India 2018 launches its 6th edition amidst a positive wave in the children, baby and maternity products industry - Canara HSBC OBC Life Insurance introduces “Grief support program” - analytica Anacon India and India Lab Expo debuts in Mumbai - Doubling Farm Income in Castor, SEA Shows The Way - Success is Guaranteed with Team Work” says Kiran More while inaugurating ‘AVA Premier League - Union Commerce Minister Suresh Prabhu urges Export Promotion Councils such as CHEMEXCIL to act like think tanks to help exporters to develop macro strategy for increasing exports! - UBM India’s Children, Baby Maternity Expo 2018 readies itself to match high industry expectations - MTDC associates with Global Vipassana Pagoda in Gorai to create Spiritual Buddhist Circuits and promote wellness tourism - Maharashtra to promote itself as Medical and Wellness Tourism Destination at Arabian Travel Market 2018 - UBM India commences the third edition of RenewX in Hyderabad - The All India Gem & Jewellery Domestic Council (GJC) sets the 2025 Growth Vision for India’s gems & jewellery sector at Manthan Gems & Jewellery Conclave 2018 - EOW action is strangling a listed entity : 63 moons - Mumbai to host analytica Anacon India and India Lab Expo in April 2018 - UBM India announces the maiden edition of The Chennai Jewellery and Gem Fair - NASSCOM CoE (IoT) to co-organize “THE AEONIAN 2018” - Malabar Gold & Diamonds signs up Miss World Manushi Chhillar as Brand Ambassador - Kokuyo Camlin & Yash Raj Films felicitate winners at KidZania - Over 150 Exhibitors to Showcase at the third edition of RenewX in Hyderabad - LANXESS improves the performance of its plastic metal hybrid technology - “LANXESS posts record earnings for 2017 and a good start to the new fiscal year” - GJIIE 2018 gets underway in Chennai paves way for abundance opportunities - Ryan Global School Celebrates it’s Annual Day with “The Quest for Happiness” - Almond Board of California hosted a Panel Discussion on Working Mother’s Dilemma in Ensuring Family Health - CBI COURT DISCHARGES MR. VIRENDRA D. MHAISKAR, CMD, IRB INFRASTRUCTURE DEVELOPERS LTD AND OTHER COMPANY OFFICIALS FROM ALL CHARGES FRAMED BY CBI - Brigade Group Leading Real Estate Developers headquartered in Bangalore Unveils the Brigade Financial Centre at GIFT City - Shriram General Insurance issues more than 40,000 policies a month via mobile app, M- Nova - GJC announces Manthan Gems & Jewellery Conclave 2018 on April 5- 6, 2018 - Samarth Bank Brand Ambassador Kedar Jadhav inaugurated the banks 25th Branch in Dadar - Thomas Cook India Launches Hello Series-a One Week Getaway featuring a single standalone destination as its weekend Grand Holiday Carnival - LANXESS India showcases its latest innovations for paint and coating industry - Bosch Power Tools launches it’s first-ever ‘Service on Wheels’ initiative in India - Triumph Motorcycles India launches the All-New TIGER 800 XCX and XR line-up - Over 600 entries confirmed for Rs 50 lakh Mr India Championships - Chief Minister of Maharashtra, Shri. Devendra Fadnavis to grace the first ever ‘TATA Horn –Not – Ok – Please’ T20 Cup - S.S. Infrastructure Development Consultants Limited to launch IPO on EMERGE Platform of National Stock Exchange of India Limited on 28 March, 2018 Price band of Rs. 37/- to Rs. 40/- per Equity Share of Face value of Rs. 10/- each - New India Assurance launches Global Mediclaim Policy - MSCDA Collaborates with Medipta Solutions as a Technology Partner in Maharashtra - वास्तववादी व्यक्तींच्या कर्तृत्वाची जाणीव करुन देणारा पुरस्कार-किरण नगरकर - Lemon Tree Hotels Limited: Initial Public Offer/ Bid/ Offer Period to open on March 26, 2018* and to close on March 28, 2018 Price Band: Rs. 54 to Rs.56 per equity share each of face value Rs.10 - SME IPO of Benara Bearings & Pistons Limited to open on March 20, 2018 with price band of Rs 60 to Rs 63 per equity share of face value of Rs. 10 each - ICICI Securities Limited: Initial Public Offer to open on March 22, 2018 and to close on March 26, 2018 Price Band: Rs. 519 to Rs. 520 per Equity Share - Mishra Dhatu Nigam Limited’s (MIDHANI) IPO to open on Wednesday, March 21, 2018 with a price band of Rs. 87 to Rs. 90 per Equity Share - Ashwin Sheth Group and Sussanne Khan come together for a momentous partnership - Rahul Tekwani : Most Promising PR Person of the Year - Blue Star launches 40 new models of highly energy-efficient inverter split air conditioners, designed to deliver extraordinary benefits - Hindustan Aeronautics Limited: Initial Public Offering Bidding to open on March 16, 2018 and to close on March 20, 2018 with Price Band : Rs. 1,215 to Rs. 1,240 per Equity Share - Dhruv Consultancy Services Ltd announced initial public offer on BSE SME platform Fixed Price Issue Price Rs. 54/- per share with Face Value of Rs. 10/- per share - NaMo Bandra Blasters Vs. Shivaji Park Lions, Iyer, Khan lead Blasters to victory over Lions - Indian businesses must reap the benefits of Estonia’s ICT sector and e-governance services - Tissot, the renowned Swiss watch brand launched its new Boutique at Palladium Mall with Brand Ambassador Virat Kohli - Over 450 brands to showcase at the 14th edition of Gem & Jewellery India International Exhibition (GJIIE) in Chennai - Sandhar Technologies Limited: Initial Public Offer of equity shares of face value Rs. 10 each (the “Equity Shares”) to open on March 19, 2018 and to close on March 21 - Grand Opening Ceremony for the T20 Mumbai League - BANDHAN BANK LIMITED: Initial Public Offer of equity shares of face value Rs. 10 each (the “Equity Shares”) to open on March 15, 2018 and to close on March 19, 2018 Price Band: Rs. 370 to Rs. 375 per Equity Share - Sarveshwar Foods SME IPO to open on March 5, Price Band fixed at Rs 83-85 - One platform for all electric solutions globally- ELECRAMA 2018 - OIL & GAS WORLD EXPO 2018 At Business Centre, CIDCO Exhibition Centre, Vashi, Navi Mumbai February 21-23, 2018 - Godrej Appliances sets new benchmark by launching India’s most power saving AC with 6.15 ISEER - Entrepreneurial couple celebrates daughter's birthday in a unique way. Starts self funded NGO – “NEW INDIA”; Commits Rs 200 crores for the underprivileged - NRI Software Professional Rajnish Bajpai speaks on his Vision and Perspective of making Indian villages modern with the concept of Smartgaon - Universal Robots Showcases ‘Cobots’ at AeroDef India 2018 - INDIA’ S ATOMIC ENERGY PROGRAMME NEEDS A BOOST AND THE SUBSIDY SIMILAR TO SOLAR POWER PLANTS SHOULD BE EXTENDED TO NUCLEAR SECTOR – ANIL KAKODKAR - UBM India and Bologna Fiere will launch COSMOPROF INDIA PREVIEW:The new event for the international beauty community - BAJAJ ALLIANZ LIFE LAUNCHES ONE-OF-ITS KIND ULIP WITH RETURN OF MORTALITY CHARGES - LANXESS “High-quality products for leather manufacturing” - Center of Power on the Move : West to East – BY SANDEEP DEWAN - Queens N Queens plans to promote Indian talent internationally with the launch of their beauty beauty pageant contest 2018 - Asia’s largest event on professional cleaning, Clean India Show along with Waste Technology Expo, Laundrex India Expo and Car Care expo, to be inaugurated by Dr Ranjit Patil, Minister of State, Home (Urban), Urban Development, Government Of Maharashtra - Tata Sky ties up with Ola Sunburn Festival 2017 - Tata Sky Beauty inspires women to discover their own definition of beauty - Prabhat Dairy Announces Entry into Dairy Beverage Segment
  Print Print |  E-mail

Tejas Networks Limited – Initial Public Offer to open on Wednesday, June 14, 2017, and to close on Friday, June 16, 2017 : Price Band fixed from Rs. 250 to Rs. 257 per Equity Share

L TO R Chirag Negandhi - Axis Capital Limited , Ravi Kapoor - Citigroup Global Markets India Private Limited, Arnob Roy -President – Optical Products-Tejas Networks Limited, Sanjay Nayak - MD & CEO - Tejas Networks Limited ,  Venkatesh Gadiyar - Chief Financial Officer - Tejas Networks Limited , Jibi Jacob - Edelweiss Financial Services Limited , Mangesh Ghogre- Nomura Financial Advisory And Securities (India) Private Limited - Photo By Sachin Murdeshwar GNSL TO R Chirag Negandhi - Axis Capital Limited , Ravi Kapoor - Citigroup Global Markets India Private Limited, Arnob Roy -President – Optical Products-Tejas Networks Limited, Sanjay Nayak - MD & CEO - Tejas Networks Limited , Venkatesh Gadiyar - Chief Financial Officer - Tejas Networks Limited , Jibi Jacob - Edelweiss Financial Services Limited , Mangesh Ghogre- Nomura Financial Advisory And Securities (India) Private Limited - Photo By Sachin Murdeshwar GNS

Mumbai, June 7, 2017 (GNS) : Tejas Networks Limited (the “Company” or “Issuer”) proposes to open on Wednesday, June 14, 2017, an initial public offering of equity shares of face value of Rs. 10 each (“Equity Shares”) for cash (including a share premium) (the “Offer”) comprising of a fresh issue of Equity Shares aggregating up to Rs. 4,500 million (“Fresh Issue”) and an offer for sale of up to 12,711,605 Equity Shares by Selling Shareholders (“Offer For Sale”). The Bid/ Offer will close on Friday, June 16, 2017.

The Price Band for the Offer is fixed from Rs. 250 to Rs. 257 per Equity Share. Bids can be made for a minimum of 55 Equity Shares and in multiples of 55 Equity Shares thereafter.

The Book Running Lead Managers (“BRLMs”) to the Offer are Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited.

The Company may, in consultation with the BRLMs, consider participation by Anchor Investors in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 as amended (“SEBI ICDR Regulations”). The Anchor Investor Bid/ offer Period shall be one Working Day prior to the Bid/Offer Opening Date; i.e., Tuesday, June 13, 2017.

The Equity Shares offered through the RHP are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”).

In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) and in accordance with Regulation 26(2) of the SEBI ICDR Regulations, the Offer is being made through the Book Building Process, wherein 75% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company and the Selling Shareholders may, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”) at the Anchor Investor Allocation Price, out of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not more than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily use the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to participate in the Offer. For details, see “Offer Procedure” on Page 391 of the Red Herring Prospectus dated June 5, 2017 (“RHP”).

About Tejas Networks Limited

Tejas Networks designs, develops and sells high-performance and cost-competitive products to telecommunications service providers, internet service providers, utility companies, defence companies and government entities in over 60 countries. Tejas products utilize a programmable software-defined hardware architecture with a common software code-base that delivers an app-like ease of development and upgrades of new features and technology standards. Tejas is ranked amongst top-10 suppliers in the global optical aggregation segment and has filed over 300 patent applications.ENDS.

For more information, visit Tejas Networks athttp://www.tejasnetworks.com