Tejas Network IPO Review - A Short-Term Bet on the Growth of India's Internet

India focused Portfolio Advisory - Exp of 40+years, Das Capital Management and Advisors

Arun Thirumalai

India focused Portfolio Advisory - Exp of 40+years

Das Capital Management and Advisors

Das Capital is a research boutique with an aim to continuously map and plan the investment needs of investors focused on India. We have a six member research team with a combined experience of over 40 years as a part of our investment wing. Our team assisted in the setup of Premji Investments, which was one of India’s first family offices focused to managing Mr.Azim Premji personal wealth. We also serve as a research team to two Indian private equity energy funds “Small is Beautiful” and “KSK Emerging India Energy Fund”.

Equity Capital Markets

Tejas Networks Limited / Equity Capital Markets

<p>The post by Toh Zen Zhou <a href="https://www.smartkarma.com/insights/tejas-network-ipo-review-a-short-term-bet-on-the-growth-on-india-s-internet" target="_blank" data-smartkarma-citation="insights:11386">Tejas Network IPO Review - A Short-Term Bet on the Growth of India’s Internet</a> is well researched and comprehensive. We agree with most of the view expressed in the note but would like to add few more observations regarding the proposed IPO.</p><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/028/025/original/Capture.PNG?1497508627" class="editor-image img-responsive" data-smartkarma-image-id="28025"></figure><div class="content-highlight"><h2><strong>Utilization of net proceeds from the IPO</strong></h2></div><table class="table table-striped"><tbody>
<tr>
<td><strong>Particulars</strong></td>
<td>
<strong>Amount (in </strong>Rs<strong> mn)</strong>
</td>
<td><strong>Amount(USD mn)</strong></td>
</tr>
<tr>
<td><strong>Capital expenditure towards payment of salaries to R&amp;D</strong></td>
<td>452</td>
<td>6.7</td>
</tr>
<tr>
<td><strong>Working capital </strong></td>
<td>3030</td>
<td>45</td>
</tr>
</tbody></table><div class="content-highlight"><h2>
<strong> </strong><strong>Key growth drivers for the company<br></strong>
</h2></div><p><strong>Increased use of smartphone and</strong>…</p>

The post by Toh Zen Zhou Tejas Network IPO Review - A Short-Term Bet on the Growth of India’s Internet is well researched and comprehensive. We agree with most of the view expressed in the note but would like to add few more observations regarding the proposed IPO.Utilization of net proceeds from the IPO

Particulars

Amount (in Rs mn)

Amount(USD mn)


Capital expenditure towards payment of salaries to R&amp;D
452
6.7


Working capital 
3030
45


 Key growth drivers for the company 
Increased use of smartphone and…

Tejas Networks- Reasonably Valued Unique Opportunity.