IPO

Tega Industries IPO

Mainboard

Engineering - Industrial Equipments

Listed On: Dec 13, 2021 at ₹ 760.00(NSE)

₹ 14949 /33 Shares

Check Allotment

Price Summary

Last Closing

1,735.30 (283.07%)

52 Week High

2,328.90

52 Week Low

963.95

Last Update

25-Nov-2024 3:30 PM

IPO Details

01 Dec, 2021

Open Date

03 Dec, 2021

Close Date

08 Dec, 2021

Allotment Date

13 Dec, 2021

Listing Date

Issue Price

₹443-453 per equity share

Face Value

₹10 Per Equity Share 

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Limited

List Price

760.00(NSE)

Listing Date

2021-12-13

Market Lot

33 Shares (₹14,949/-)

Lead Manager

Axis Capital Limited, JM Financial Limited

Issue Size

Approx 620 Crores

Retail Portion

35% (Number of Retail Applications : 1,44,900 Approx)

Subscription

219.04 times

IPO Docs

DRHP RHP

IPO Subscription Details

As onQIBNIIRetailTotal
Shares Offered / Reserved27,33,89620,50,42247,84,31895,68,636
Day 1 - 01-12-21 05:00 PM0.07 x4.177.51 x4.66 x
Day 2 - 02-12-21 05:00 PM3.35 x20.4817.05 x13.86 x
Day 3 - 03-12-21 05:00 PM215.45 x666.2029.45 x219.04 x
Total No. of Applications: 3484321 (Approx)
Retail Subscription on the basis of Applications: 24.03 times

Valuations

Earnings Per Share (EPS)

₹20.48/-

P/E Ratio

22.02

RoNW

22.23%

Net Asset Value (NAV) - As on 30.06.21

₹108.06

Company Financials All values are in ₹ Cr.

31-Mar-2131-Mar-2031-Mar-19
Assets1,018.33887.31790.26
Revenue856.68695.54643.01
Profit After Tax136.4065.5032.67

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.

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- Peers Comparison

P/B RatioP/E RatioRoNWNet Worth
Tega Industries4.1922.0222.23%856.68
AIA Engineering4.1840.9810.19%484.90

- Promoter(s)

Pre Issue Share Holding: 85.17%

Post Issue Share Holding: 79.17%


Company Promoter(s)

  1. Madan Mohan Mohanka
  2. Manju Mohanka
  3. Manish Mohanka
  4. Mehul Mohanka
  5. Nihal Fiscal Services Private Limited

IPO - Issue Objectives

  1. The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges

IPO - Anchor Investors

Tega Industries mops up Rs 185.76 crore from anchor investors ahead of IPO
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.