Tejas Networks Limited IPO subscribed by 152% till 1445 Hours
DSIJ Intelligence / 16 Jun 2017
On its last day of subscription, Tejas Networks Limited was subscribed by 152% as of 1445 hours.The total issue size of 1,71,12,005 shares received 2,60,38,430 total bids and 60,42,575 bids at cut-off price.
On its last day of subscription, Tejas Networks Limited was subscribed by 152% as of 1445 hours.The total issue size of 1,71,12,005 shares received 2,60,38,430 total bids and 60,42,575 bids at cut-off price.
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 closes on June 16 2017.
The equity shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited (BSE) and National Stock Exchange of India Limited (NSE).
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.
Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory and Securities (India) Private Limited are the Book Running Lead Managers (BRLMs) to the offer.
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