We should not gauge the Quality of IPO based on 2 days of subscription.The Actual subscription takes place on the last day.And it is posting handsome profits and it is one of the company''s that is manufacturing some telecom equipment.
Better to invest as we might get decent profits in the short term.
Please apply this IPO, one example is Infibean no body is predicted share performance ,moved from Underdog to King , one small rumor just acquisition of share by multinational and it will make rally and investor profit. 70 % probability of making profit and such kind of share always gives good profit. Also Dilip Buildcon is also good example and it''s more than double now.
It is one of the top 10 companies in that segment . So, blindly apply... Hope you all remember the same kind of sentiments (apply or not) was happened during Infibeam/ Sheela foam all were listed with handsome gains and see the current CMP. This is the sector which will grow every day every minute every seconds... So , not only looking for listing gain considering the long term story one should APPLY...Also i feel it will post a unbelievable revenue growth in the quarters to come....
FY 12 93 Cr loss FY 13 79 Cr loss FY 14 27 Cr profit FY 15 17 Cr loss FY 16 29 Cr profit
Do these figures instill any sense of confidence in an investor at such rich valuations ?
Tejas is a buy in the Rs 100-150 range.
There cannot be anything more stupid to say "Buy for the long term" though valuation is stretched in the short term - in a way saying that please go ahead and enrich the promoters for now, you will lose in the short term but in long term (who knows for a "behind the curve" h/w company !) you will make money.
One should always buy at companies at reasonable valuations, companies which have shown healthy consistent growth over the years (not in this case), at a reasonable PE (<15, not in this case) and closer to book value (not in this case), upright management (not in this case - the CEO has had out dated network gear on the company books for 7 years before starting to write that off. I will not be surprised if he has more to write off even now).
Tejas Networks designs, develops and sells high-performance and cost-competitive products to telecommunications service providers, internet service providers, utilities, defence 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...
Tejas is technologically 5-10 years behind competition. Its hope to survive and sell is solely based on "make in india" and "preferential access" (which was there even when it was doing poorly).
One should buy a tech company for its overall dominance in a space that is crowded by international players like Huawei, NSN, ZTE, Ciena, Cisco, ALU and Infinera. Tejas is nowhere even technologically close to its peers and not because it is favored by Govt of India.
Its patents and IP ownership is a facade to fool the Indian market - nearly all filed in the last 4 years on failed products that Tejas could never sell.
Coming out with rich valuations at the peak of the market is to fool the public into buying a growth story that doesnt exist. Telecom is a stressed sector and the network gear space nothing but commoditized.
Absolutely correct red turtle. People who know technology should know what happens when technology changes. All its equipment would be waste and they will be in heavy loss People who are comparing with sheela foam are fool. During g sheela foam as market were not doing well due to demonitisation it got less subs Ripton. I applied because it''s a consumer based stocks and one of the top companies .woh toh bikenge hi. Let people dream of listing gain in tejas. Those applied get ready for huge loss
Wait till 2:45 pm to see subscription figures and then decide. if Q1B and HNI response is good and Since retail is only 10%, If retail is oversubscribed by 4-5 times, then apply. Otherwise Skip. CDSL is only good IPO in the list of running IPOs followed by AU Financiers. Others wait till 2:40 PM if your ASBA closes at 3:00 PM or wait till 3:45 PM if your ASBA closes at 4:00 PM and decide accordingly.