/ Tejas Networks IPO Subscribed 43% Till 11 AM ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 16 June 2017

Tejas Networks Limited was subscribed by 43% as of 1100 hours on its last day of subscription. The total issue size of IPO stood at 1,71,12,005 shares. The total bids received by the IPO stood at 72,75,015 shares and total bids received at cut-off price stood at 31,85,600 shares at the prescribed time.

IPO consists of equity shares of face value of Rs 10 each for cash, comprising of a fresh issue of equity shares, aggregating up to Rs 4,500 million and an offer for sale of up to 12,711,605 equity shares by Selling Shareholders. The bid or 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.

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