Tejas Networks Limited – Initial Public Offer to open on Wednesday, June 14, 2017

Bengaluru, June 13, 2017: Tejas Networks Limited (the “Company” or “Issuer”) proposes to open on Wednesday, June 14, 2017, an initial public offering of equity shares of face value of Rs. 10 each (“Equity Shares”) for cash (including a share premium) (the “Offer”) comprising of a fresh issue of Equity Shares aggregating up to Rs. 4,500 million (“Fresh Issue”) and an offer for sale of up to 12,711,605 Equity Shares by Selling Shareholders (“Offer For Sale”). The Bid/ Offer will close on Friday, June 16, 2017.

The PriceBand for the Offer is fixed from Rs. 250 to Rs. 257 per Equity Share. Bids canbe made for a minimum of 55 Equity Shares and in multiples of 55 Equity Sharesthereafter. 

The BookRunning Lead Managers (“BRLMs”) to the Offer are Axis Capital Limited,Citigroup Global Markets India Private Limited, Edelweiss Financial ServicesLimited and Nomura Financial Advisory and Securities (India) Private Limited. 

The Companymay, in consultation with the BRLMs, consider participation by Anchor Investorsin accordance with the Securities and Exchange Board of India (Issue of Capitaland Disclosure Requirements) Regulations, 2009 as amended (“SEBI ICDRRegulations”). The Anchor Investor Bid/ offer Period shall be one Working Dayprior to the Bid/Offer Opening Date; i.e., Tuesday, June 13, 2017. 

The EquityShares offered through the RHP are proposed to be listed on BSE Limited (“BSE”)and National Stock Exchange of India Limited (“NSE”). 

In terms ofRule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, asamended (“SCRR”) and in accordance with Regulation 26(2) of the SEBI ICDRRegulations, the Offer is being made through the Book Building Process, wherein75% of the Offer shall be allocated on a proportionate basis to QualifiedInstitutional Buyers (“QIBs”), provided that the Company and the SellingShareholders may, in consultation with the BRLMs, allocate up to 60% of the QIBPortion to Anchor Investors on a discretionary basis (“Anchor InvestorPortion”) at the Anchor Investor Allocation Price, out of which one-third shallbe reserved for domestic Mutual Funds, subject to valid Bids being received fromdomestic Mutual Funds at or above the Anchor Investor Allocation Price, inaccordance with the SEBI ICDR Regulations. 5% of the Net QIB Portion shall beavailable for allocation on a proportionate basis to Mutual Funds only, and theremainder of the QIB Portion shall be available for allocation on aproportionate basis to all QIB Bidders (other than Anchor Investors), includingMutual Funds, subject to valid Bids being received at or above the Offer Price.Further, not more than 15% of the Offer shall be available for allocation on aproportionate basis to Non-Institutional Bidders and not more than 10% of theOffer shall be available for allocation to Retail Individual Bidders inaccordance with the SEBI ICDR Regulations, subject to valid Bids being receivedat or above the Offer Price. All potential investors, other than AnchorInvestors, are required to mandatorily use the Application Supported by BlockedAmount (“ASBA”) process providing details of their respective bank accountswhich will be blocked by the Self Certified Syndicate Banks (“SCSBs”) toparticipate in the Offer. For details, see “Offer Procedure” on Page 391of the Red Herring Prospectus dated June 5, 2017 (“RHP”). 


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