Wednesday, June 14, 2017

Tejas Networks IPO Subscription Status - IPO Subscribed 1.88 times overall

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Tejas Networks IPO Subscription: Detail of Tejas Networks IPO Subscription from June 14 to June 16. The gmp of Tejas Networks IPO going up and down while few days are not good as grey market is going down.Still the price is fair and one should subscribe for listing gain. It might good boost after listing. We expect around 8-10 times in retail while 50+ in QIB and NII. Lets see how investors are going to look at this.

Tejas Networks IPO Subscription: (Fully Subscribed)

DayQIBNIIRIITotal
Day 1 0.06 0.01 0.65 0.15
Day 2 0.32 0.03 1.10 0.39
Day 3 2.17 0.49 3.10 1.88


Tejas Networks IPO Dates & Price Band:
  • IPO Open: 14-June-2017
  • IPO Close: 16-June-2017
  • IPO Size: Approx Rs. 450 Crores
  • Face Value: Rs. 10 Per Equity Share
  • Price Band: Rs. 250 to 257 Per Share
  • Listing on: BSE & NSE
Tejas Networks IPO Market Lot:
  • Shares: Apply for 55 Shares (Minimum Lot Size)
  • Amount: Rs.14,135
Tejas Networks IPO Allotment & Listing:
  • Basis of Allotment: 21-June
  • Refunds: 22-June
  • Credit to demat accounts: 23-June
  • Listing: 27-June

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