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Tejas Networks IPO:Tejas Networks may go for IPO
posted by ghai (109) 13 months ago (123sensex.blogspot.com)
The company currently has a turnover of Rs 240 crore, which is expected to touch Rs 400 crore next year.Tejas has so far raised $73 million in venture capital from various rounds. Its investors include Sandstone Capital, Intel Capital, Mayfield Ventures, Battery Ventures, SUN Group of the Delhi-based Khemka family, and ASG Omni. IL&FS Venture was among the early investors who have exited the firm.
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This company is in a niche product area. One of the very few in India and has no peers whatsoever in the markets. The promoters, stake holders, management speaks volumes about the company. This IPO is a very very strong apply candidate.