SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tejas Networks’ Rs 776 crore IPO to open on June 14

08 Jun 2017 Evaluate

Tejas Networks is coming out with an initial public offering (IPO) to raise up to Rs 776 crore in a price band Rs 250-257 per equity share. The issue will open on June 14, 2017 and will close on June 16, 2017. The shares will be listed on the BSE and NSE.  

The IPO will see the company raise Rs 450 crore of primary capital through a fresh issue of shares, while certain existing shareholders of the firm will sell shares worth Rs 326 crore through an offer for sale. The company will use the issue proceeds for capital expenditure towards payment of salaries and wages for research and development team, working capital requirement and general corporate purposes. The book running lead managers to the issue are Axis Capital, Citigroup Global Markets India, Edelweiss Financial Services and Nomura Financial Advisory and Securities (India).

Tejas Networks is optical networking products company. It caters to telecommunications operators, internet service providers, utilities, defence and government entities in over 60 countries.

Tejas Networks Share Price

433.00 1.25 (0.29%)
17-Apr-2026 09:45 View Price Chart
Peers
Company Name CMP
Tejas Networks 433.00
ITI 292.95
Sedemac Mechatronics 1640.00
Black Box 529.70
Quadrant Televenture 0.38
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×