Published On: Tue, Jun 13th, 2017

Tejas Networks Limited – Initial Public Offer to open on Wednesday, June14, 2017, and to close on Friday, June16, 2017

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Price Band fixed from Rs. 250 to Rs. 257 per Equity Share

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 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.

 

The Book Running Lead Managers (“BRLMs”) to the Offer are Axis Capital Limited, Citigroup Global Markets India Private Limited, Edelweiss Financial Services Limited and Nomura Financial Advisory andSecurities (India) Private Limited.

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

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

In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (“SCRR”) and in accordance with Regulation 26(2) of the SEBI ICDR Regulations, the Offer isbeing made through the Book Building Process, wherein 75% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company and the Selling Shareholdersmay, in consultation with the BRLMs, allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”) at the Anchor Investor Allocation Price, out of which one-thirdshall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. 5%of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on aproportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not more than 15% of the Offer shall be availablefor allocation on a proportionate basis to Non-Institutional Bidders and not morethan 10% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations,subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, are required to mandatorily use the Application Supported by Blocked Amount (“ASBA”) processproviding details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks (“SCSBs”) to participate in the Offer. For details, see “Offer Procedure” on Page 391 of the Red Herring Prospectus dated June 5, 2017 (“RHP”).

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