Tega Industries Limited IPO Review
In terms of revenue for calendar year 2020, the company is the second largest producer of polymer-based mill liners. It offers comprehensive solutions to prestigious global clients in the mineral beneficiation, mining, and bulk solids handling industries through its wide range of products of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic based lining parts, which are used by its customers at different stages of mining and mineral processing, screening, grinding, and handling of materials, including after-market spends on wear, spare parts, grinding, and material handling.
Its product portfolio includes roughly 55 mineral processing and material handling products. The sale of things accounts for 95.08 percent of its revenue from operations on average during the preceding three fiscal years, i.e., 2021, 2020, and 2019, while sales of services and other operational revenue account for 2.15 percent and 2.77 percent, respectively, of its revenue from operations.
| Subscription Dates | 1 – 3 December 2021 |
| Price Band | Coming soon |
| Fresh issue | NIL |
| Offer For Sale | 13,669,478 shares |
| Total IPO size | 13,669,478 shares |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
| FY2019 | FY2020 | FY2021 |
Revenue | 643.1 | 695.6 | 856.7 |
Expenses | 598.4 | 638.1 | 675.5 |
Net income | 23.9 | 60.6 | 150.5 |
Margin (%) | 3.7 | 8.7 | 17.6 |
Earnings Per Share (EPS): INR20.48
Price/Earnings (PE ratio): NA
Return on Net Worth (RONW): 22.23%
Net Asset Value (NAV): 105.04
| Date | Tega IPO GMP | Kostak | Subject to Sauda |
| 9 Dec 2021 | INR300 | – | INR8,500 |
| 8 Dec 2021 | INR300 | INR400 | INR7,600 |
| 7 Dec 2021 | INR350 | INR500 | INR8,000 |
| 6 Dec 2021 | INR450 | INR600 | INR8,500 |
| 4 Dec 2021 | INR450 | INR600 | INR8,500 |
Listing Performance of Tega Industries Limited IPO
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Tega Industries Limited IPO | Dec 13, 2021 | 453 | 725.5 | 60.15 |
NSE : TEGA
ISIN CODE : INE011K01018
BSE : 543413
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IPO Opening Date: 1 December 2021
IPO Closing Date: 3 December 2021
Finalisation of Basis of Allotment: Coming soon
Initiation of refunds: Coming soon
Transfer of shares to demat accounts: Coming soon
Listing Date: Coming soon
Opening Price on NSE: Coming soon
Closing Price on NSE: Coming soon
Tega Industries Limited
147, Block-G, New Alipore,
Kolkata – 700 053
Phone: +91 33 3001 9000
Email: compliance.officer@tegaindustries.com;
Website: www.tegaindustries.com
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: tega.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
Category | Shares Offered | Day 1 | Day 2 | Day 3 |
QIB | 27,33,896 | 0.07 | 3.35 | 215.45 |
NII | 20,50,422 | 4.17 | 20.48 | 666.19 |
Retail | 47,84,318 | 7.51 | 17.04 | 29.44 |
Total | 95,68,636 | 4.67 | 13.87 | 219.04 |
Tega Industries Limited IPO FAQ's
Tega Industries Limited IPO is a main-board IPO of ₹[.] per equity shares of the face value of ₹[.] aggregating up to ₹[.] Crores. The issue is priced at ₹[.] to per equity share. The minimum order quantity is [.] Shares. The initial public offering (IPO) date Dec 1, 2021s. The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the NSE and BSE.
The Tega Industries Limited IPO opening date is Dec 1, 2021. and the closing date is Dec 3, 2021.
Tega Industries Limited IPO Market lot size is [.] Shares and the minimum order quantity is [.] Shares.
Tega Industries Limited IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The Basis of Allotment for Tega Industries Limited IPO will be done on Dec 8, 2021 and the allotted shares will be credited to your demat account by Dec 10s, 2021. Check the Tega Industries Limited IPO allotment status.
The Tega Industries Limited IPO listing date is Dec 13, 2021.
Tega Industries Limited IPO Comments
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