Tejas Networks, which concluded its initial public offer (IPO) last week, is set to make its debut on the BSE and NSE on Tuesday.
The company's IPO was oversubscribed 1.88 times, with qualified institutional buyers (QIBs) portion getting oversubscribed 2.16 times, non institutional investors 48 per cent and retail investors 3.10 times.
Price band for the offer was fixed at Rs 250-257 per share.
Tejas Networks is into developing and selling high- performance products to telecom service providers, utility companies, defence firms and government entities, among others, spread over 60 countries.
Axis Capital Ltd, Citigroup Global Markets India Pvt Ltd, Edelweiss Financial Services Ltd and Nomura Financial Advisory and Securities (India) Pvt Ltd were the book running lead managers for the offer.
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