Tejas Networks Limited IPO Message Board (Page 19)

Tejas Networks IPO
GMP 32 – 34

Tejas IPO

GMP 32 – 34
Kostak 300 – 350

SEPTA sir is it worth to apply?
Pls reply.

Subscriptions Today

1      Qualified Institutional Buyers (QIBs)      94,34,105      6,04,395      0.0641
2      Non Institutional Investors       46,06,740      16,335      0.0035
3      Retail Individual Investors (RIIs)       30,71,160      7,22,040      0.2351

People Are Disscussing So Much In Depth... Super Like.

But Even Flippers On Listing Day Are Discussing About Revenue, Profit, Growth Ahead, Peers...Super Se Upper Waala Like.

Listing Gain Applicants Should Prefer To Stay Aways as Marginal GMP .. Which Might Vanish Once Issue Closes.

Surplus Cash & Long Terms Investor Will Apply Irrespective Of Gmp. Because Fruitful For Future.

Tejas IPO

GMP 31 – 32
Kostak 325 – 350

Most of the brokrages have given Subcribe rating on the issue; apparantly for the reason being its niche business and growth prospects. However the valuations as even if we assume EPS to double from INR9 tp INR18/sh in FY19e stock trades at a P/E of 14x FY19e which is high for a company who’s RoE is about 15%, in FY19 earnings.

In these facts and circustances can the issue be considered for subscription?.

EPS of 18 ...!!! And go double.!!!

Heard of ZTE ,huawai ...??

I don''t think they''ll allow tejas to do that.. !!

If Tejas ka market share goes up from the current 15% to merely 20% ... Its EPS can gallop upwards ...

Also, just like it happened to steel industry ... because of Modiji''s "MAKE IN INDIA" campaign ... it has been made mandatory for the Govt. infrastructure companies to use Steel only from India manufacturers .. similarly, in telecom the the Govt is likely to discourage Chinese imports ... and therefore Tejas may further benefit ...

Already, Tejas has a very large share of PSU clientele ...

Septa sirji.
As per your last comment.. you are going to apply this IPO from HNI category.
Do you still hold the same view ?
Pls revert.

Tejas IPO

GMP 29 – 31 (kadak buyer)

KOSTAK STARTED
@325 – 350

I am a new to IPO market & I would like to apply for this Tejas. Can somebody help me in the process. Pl. advise should I apply for less than 5 Lots or more than 5 to get fair chance of getting confirmed allotment. Someone advised me to apply for only 1 Lot. But, as per my understanding applying for more Lots will increase chances of allotment. Kindly clarify. Thanks-RK

Just apply 1 or 2 lots. don''t apply more than 3. If you apply more than 3, very very less chance.

I agree that if the IPO is oversubscribed, there are equal chances for all to get allocation. Then ideally, those who applied for more lots should have more chances of allotment. But, somehow it is not working in the IPOs...Anyhow, thank u all for your valuable suggestions...

Little over 1.35 crore shares have been allotted to the anchor investors at the price of Rs 257 apiece -- the upper end of the IPO price band.
The 17 entities include Abu Dhabi Investment Authority Behave, Amansa Holdings Pvt Ltd, Columbia Emerging Markets Fund, SBI Life Insurance Company Ltd, Reliance Nippon Life Insurance Company Ltd and BNP Paribas Arbitrage, according to a filing made by Tejas Networks to the BSE.
The company has raised Rs 349.51 crore from the anchor investors ahead of the Initial Public Offer (IPO) which would open tomorrow and close on June 16. Price band for the offer is Rs 250-257 per share.
Tejas Networks is into developing and selling high- performance products to telecommunications service providers, utility companies, defence firm and government entities, among others, spread over 60 countries.
The IPO comprises fresh issue of shares worth Rs 450 crore and an offer for sale of up to 1.27 crore shares.
Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd, Edelweiss Financial Services Ltd and Nomura Financial Advisory and Securities (India) Pvt Ltd are the book running lead managers for the offer.

Septa Sir,
You have given facts about the company. Please give your expert advice, whether we should apply or Avoid.

@Dot
Ujjivan management came on CNBC nd confirmed that they have no exposure to farm loans...

Tejas IPO

GMP 26 - 27

Thanks,
You applying???

Very impressive list of 18 anchor investors !!

PREMJI INVEST - the family investment arm of Wipro Ltd chairman Azim Premji,
People who understand technology, taking almost 10% of the anchor investor portion

FOREIGN INVESTORS
US-based private equity firm East Bridge Capital
US asset management company Columbia Threadneedle Investments
Scottish asset manager Standard Life Investment Management Co,
Abu Dhabi Investment Authority (ADIA)
France headquartered - BNP Paribas
Singapore-based Amansa Holdings

INDIAN INSURANCE COMPANIES
SBI Life Insurance Co
Reliance Nippon Life Insurance Co.
Exide Life Insurance Co.

ASSET MANAGERS
IDFC Mutual Fund
Kotak Mutual Fund
Reliance Capital Trustee Co

Eagleye,
R u applying in Tejas and Eris??????
Please reply........

Respected Eagleeye,

Here I meant IMMPRESSIVE LIST, not funds/PE/or fund managers.

As you see, CL Edu impressive list had names like DSP Black Rock, Sundaram MF, ICICI Lombard and Canara HSBC mutual fund

Similarly, S Chand had super impressive list of HDFC, Nomura, BNP paribas and SBI life insurance.

Investment should not be based on anchor list as in bull market, they deploy cash for short term due to huge cash flow.
Note:
I like analysis by Septa/EE but not follow them if I think they are wrong.

I am in this forum since many years but keep changing IDs as being a trader, I am allergic to yellow cup/designation.

Bid Details for TEJASNET as on 14-Jun-2017 15:50:01 IST
Sr. No      Category      No of Shares
offered/Reserved      No of shares bid for      No of times of total meant for the category
1      Qualified Institutional Buyers(QIBs)      94,34,105      0      0.00
1(a)      Foreign Institutional Investors(FIIs)            0      
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            0      
1(c)      Mutual funds            0      
1(d)      Others            0      
2      Non Institutional Investors      46,06,740      11,220      0.00
2(a)      Corporates            0      
2(b)      Individuals(Other than RIIs)            11,220      
2(c)      others            0      
3      Retail Individual Investors(RIIs)      30,71,160      3,66,795      0.12
3(a)      Cut Off            2,56,960      
3(b)      Price bids            1,09,835      
Total      1,71,12,005      3,78,015      0.02

Eagle Eye mam what is your view on Tejas As of now 0.02 total subscription

less grey market premium or no premium at all does not mean share will not perform post IPO. It means there is nothing for applicants at the time of listing.

Should i apply for Tejas IPO, if yes, for how many lots ?

Mr Dilip davda have almost same recommendation for all IPO
" Investors may consider investment for medium to long term "

True, Admin team, such type of recommendations from Dilip Davda wont help without firm conclusion. Please look into this asap. There are many good analysts in our forum as you also know. Please look into this asap.

If I apply one lot then the % chance of getting the shares is same as applying the whole lot and blocking 2,00,000??( In the event of full subscription of Retail Quota in IPO )

Last time I applied 3 applications in HUDCO and result is no alotment. However on many previous occassion like in Avenue Supermart I applied full lot and hot one lot of 50 shares. So, it''s bit confusing.

Would be great If anybody can throw some light to it.

Thanks

ANi

Even I had same problem, Avenue/HUDCO... Not even a single lot allotted.

Tejas Networks IPO
GMP 20 – 21

Current GMP?

INSTEAD OF DILIP DAVDA , MR SEPTA OR EAGLEYE SHOULD BE HIRED FOR REVIEW.

Yes, you are correct. Many of the IPO''s recommended by him fail.