Tega Industries IPO
MainboardEngineering - Industrial Equipments
Listed On: Dec 13, 2021 at ₹ 760.00(NSE)
₹ 14949 /33 Shares
Check AllotmentPrice Summary
Last Closing
1,735.30 (283.07%)52 Week High
2,328.9052 Week Low
963.95Last Update
25-Nov-2024 3:30 PMIPO Details
01 Dec, 2021
Open Date03 Dec, 2021
Close Date08 Dec, 2021
Allotment Date13 Dec, 2021
Listing DateIssue Price
₹443-453 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LimitedList Price
760.00(NSE)Listing Date
2021-12-13Market Lot
33 Shares (₹14,949/-)Lead Manager
Axis Capital Limited, JM Financial LimitedIssue Size
Approx 620 CroresRetail Portion
35% (Number of Retail Applications : 1,44,900 Approx)Subscription
219.04 timesIPO Subscription Details
As on | QIB | NII | Retail | Total |
---|---|---|---|---|
Shares Offered / Reserved | 27,33,896 | 20,50,422 | 47,84,318 | 95,68,636 |
Day 1 - 01-12-21 05:00 PM | 0.07 x | 4.17 | 7.51 x | 4.66 x |
Day 2 - 02-12-21 05:00 PM | 3.35 x | 20.48 | 17.05 x | 13.86 x |
Day 3 - 03-12-21 05:00 PM | 215.45 x | 666.20 | 29.45 x | 219.04 x |
Valuations
Earnings Per Share (EPS)
₹20.48/-P/E Ratio
22.02RoNW
22.23%Net Asset Value (NAV) - As on 30.06.21
₹108.06Company Financials All values are in ₹ Cr.
31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
---|---|---|---|
Assets | 1,018.33 | 887.31 | 790.26 |
Revenue | 856.68 | 695.54 | 643.01 |
Profit After Tax | 136.40 | 65.50 | 32.67 |
About The Company
Established in 1976, Tega Industries is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second largest producers of polymer-based mill liners, based on revenues for the year 2020.The company offers a wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components used by their customers across different stages of mining and mineral processing, screening, grinding, and material handling. The company's product portfolio comprises more than 55 mineral processing and material handling products.The company has 6 manufacturing sites, including 3 in India, at Dahej in Gujarat, and at Samali and Kalyani in West Bengal, and 3 sites in major mining hubs of Chile, South Africa, and Australia, with a total built-up area of 74255 Sq. mts. In the last three Fiscals, the company has a presence in 513, 498, and 479 installation sites in over 70 countries. Majority of the company's revenue (86.42% in 2021) comes from operations outside India. The company has 18 global and 14 domestic sales offices located close to its key customers and mining sites. Tega Industries are further expanding their operations in major markets including North America, South America, Australia, and South Africa.
Read More- Peers Comparison
P/B Ratio | P/E Ratio | RoNW | Net Worth | |
---|---|---|---|---|
Tega Industries | 4.19 | 22.02 | 22.23% | 856.68 |
AIA Engineering | 4.18 | 40.98 | 10.19% | 484.90 |
- Promoter(s)
Pre Issue Share Holding: 85.17%
Post Issue Share Holding: 79.17%
Company Promoter(s)
- Madan Mohan Mohanka
- Manju Mohanka
- Manish Mohanka
- Mehul Mohanka
- Nihal Fiscal Services Private Limited
IPO - Issue Objectives
- The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges
IPO - Anchor Investors
Key participants in the anchor book were SBI Mutual Fund, ICICI Prudential, HDFC Trustee Company, Axis Mutual Fund, Aditya Birla Sun Life Trustee, Kotak Mutual Fund, and Tata Mutual Fund.
Among other investors, Goldman Sachs, BNP Paribas Arbitrage, Kuber India Fund, Elara India Opportunities Fund, and Ashoka India Equity Investment Trust Plc also invested in the company.
IPO - FAQs
Ans. Tega Industries IPO is a Mainboard IPO. The issue is priced at ₹443-453 per equity share. The minimum order quantity is 33 Shares. The IPO opens on Dec 1, 2021, and closes on Dec 3, 2021. Link Intime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Tega Industries IPO opens on Dec 1, 2021 and closes on Dec 3, 2021.
Ans. The size of Tega Industries IPO is Approx 620 Crores.
Ans. The IPO price band is set between ₹443-453 per equity share.
Ans. To apply for Tega Industries IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Tega Industries IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Tega Industries IPO is Dec 8, 2021.
Ans. The Tega Industries IPO will be listed on Dec 13, 2021.
Ans. Follow the steps to check the allotment status for Tega Industries IPO here.