December 1, 2021 - December 3, 2021

Tega Industries IPO Review & Recommendations

Angel One, Ashika Research, BP Equities (BP Wealth), Choice Equity Broking Pvt Ltd, Dilip Davda, Hem Securities, ICICI Direct, Investmentz Ltd, Marwadi Shares and Finance Ltd and InvestorGain.com have given "Apply" recommendation to Tega Industries IPO. Capital Market has given "May Apply" recommendation to Tega Industries IPO. Axis Capital, Canara Bank, HDFC Securities Limited, Kotak Securities and Religare Broking Limited have "Neutral" view about the IPO.

Tega Industries IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	10	1	5	0	0
%	62.50	6.25	31.25	0.00	0.00

Tega Industries IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Angel One	Apply
Ashika Research	Apply
Axis Capital	Neutral
BP Equities (BP Wealth)	Apply
Canara Bank	Neutral
Capital Market	May Apply
Choice Equity Broking Pvt Ltd	Apply
Dilip Davda	Apply
HDFC Securities Limited	Neutral
Hem Securities	Apply
ICICI Direct	Apply
Investmentz Ltd	Apply
Kotak Securities	Neutral
Marwadi Shares and Finance Ltd	Apply
Religare Broking Limited	Neutral
InvestorGain.com	Apply

Tega Industries IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Tega Industries IPO is 48. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	48	May subscribe

Tega Industries IPO Review by Dilip Davda (Apply)

[Dilip Davda] While the company has posted growth for the last three fiscals, Q1 for FY22 does not match in ratio to FY21 performance. However, according to management itÃ¢â‚¬â„¢s a traditional aspect and are confident of maintaining the tempo of growth going forward. On average financial parameters and Q1-FY22 numbers issue appears fully priced. Considering the growth prospects, niche places enjoyed by the company in global markets, investors may consider investing in this offer from a medium to long term perspective. Read detail review...

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