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Tega Industries IPO is a book built issue of Rs 619.23 crores. The issue is entirely an offer for sale of 1.37 crore shares.
Tega Industries IPO bidding started from December 1, 2021 and ended on December 3, 2021. The allotment for Tega Industries IPO was finalized on Wednesday, December 8, 2021. The shares got listed on BSE, NSE on December 13, 2021.
Tega Industries IPO price band is set at ₹443 to ₹453 per share. The minimum lot size for an application is 33 Shares. The minimum amount of investment required by retail investors is ₹14,949.
Axis Capital Limited and Jm Financial Limited are the book running lead managers of the Tega Industries IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Tega Industries IPO RHP for detailed information.
| IPO Date | December 1, 2021 to December 3, 2021 |
| Listing Date | December 13, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹443 to ₹453 per share |
| Lot Size | 33 Shares |
| Total Issue Size | 13,669,478 shares (aggregating up to ₹619.23 Cr) |
| Offer for Sale | 13,669,478 shares of ₹10 (aggregating up to ₹619.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Tega Industries IPO offers 9,568,636 shares. 2,733,896 (28.57%) to QIB, 2,050,422 (21.43%) to NII, 4,784,318 (50.00%) to RII. 144,979 RIIs will receive minimum 33 shares and (sNII) and (bNII) will receive minimum 462 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,733,896 (28.57%) | NA |
| NII (HNI) Shares Offered | 2,050,422 (21.43%) | |
| Retail Shares Offered | 4,784,318 (50.00%) | 144,979 |
| Total Shares Offered | 9,568,636 (100%) |
Tega Industries IPO opens on December 1, 2021, and closes on December 3, 2021.
| IPO Open Date | Wednesday, December 1, 2021 |
| IPO Close Date | Friday, December 3, 2021 |
| Basis of Allotment | Wednesday, December 8, 2021 |
| Initiation of Refunds | Thursday, December 9, 2021 |
| Credit of Shares to Demat | Friday, December 10, 2021 |
| Listing Date | Monday, December 13, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 3, 2021 |
Investors can bid for a minimum of 33 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,949 |
| Retail (Max) | 13 | 429 | ₹194,337 |
| Lot Size Calculator | |||
Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka and Nihal Fiscal Services Private Limited are the company promoters.
| Share Holding Pre Issue | 85.17% |
| Share Holding Post Issue | 79.17% |
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.
Competitive strengths:
| Particulars | For the year/period ended (₹ in Millions) | ||||
|---|---|---|---|---|---|
| 30-Jun-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | ||
| Total Assets | 10,561.72 | 10,183.39 | 8,873.15 | 7,902.68 | |
| Total Revenue | 1,793.86 | 8,566.84 | 6,955.42 | 6,430.13 | |
| Profit After Tax | 118.82 | 1,364.05 | 655.04 | 326.70 | |
The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges.
[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 it’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...
The Tega Industries IPO is subscribed 219.04 times on December 3, 2021 5:00:00 PM. The public issue subscribed 29.44 times in the retail category, 215.45 times in the QIB category, and 666.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 23.66 times
| Category | Subscription (times) |
|---|---|
| QIB | 215.45 |
| NII | 666.19 |
| Retail | 29.44 |
| Total | 219.04 |
| Listing Date | December 13, 2021 |
| BSE Script Code | 543413 |
| NSE Symbol | TEGA |
| ISIN | INE011K01018 |
| Final Issue Price | ₹453 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹453.00 |
| ₹753.00 |
| ₹711.50 |
| ₹767.10 |
| ₹725.50 |
| NSE |
|---|
| ₹453.00 |
| ₹760.00 |
| ₹712.25 |
| ₹767.70 |
| ₹726.05 |
Tega Industries Limited
147, Block-G, New Alipore,
Kolkata 700 053,
West Bengal, India
Phone: +91 33 3001 9000
Email: compliance.officer@tegaindustries.com
Website: https://www.tegaindustries.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tega.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Tega Industries IPO is a main-board IPO of 13,669,478 equity shares of the face value of ₹10 aggregating up to ₹619.23 Crores. The issue is priced at ₹443 to ₹453 per share. The minimum order quantity is 33 Shares.
The IPO opens on December 1, 2021, and closes on December 3, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tega Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Tega Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tega Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tega Industries IPO opens on December 1, 2021 and closes on December 3, 2021.
Tega Industries IPO lot size is 33 Shares, and the minimum amount required is ₹14,949.
You can apply in Tega Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Tega Industries IPO will be done on Wednesday, December 8, 2021, and the allotted shares will be credited to your demat account by Friday, December 10, 2021. Check the Tega Industries IPO allotment status.
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