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Tega Industries Limited IPO (Tega Industries IPO) Detail

Dec 1, 2021 - Dec 3, 2021

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:

  • One of the world's largest producers of polymer-based mill liners
  • Products cater to after-market spends providing recurring revenues
  • In-house R&D and manufacturing capabilities and a strong focus on quality control
  • Global customer base, and strong global manufacturing and sales capabilities
  • Consistent market growth and operational efficiency
  • Experienced management team supported by a large, and diversified workforce

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue

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

Tega Industries IPO Details

Tega Industries IPO Date Dec 1, 2021 to Dec 3, 2021
Tega Industries IPO Face Value ₹10 per share
Tega Industries IPO Price ₹443 to ₹453 per share
Tega Industries IPO Lot Size 33 Shares
Issue Size13,669,478 shares of ₹10
(aggregating up to ₹619.23 Cr)
Offer for Sale13,669,478 shares of ₹10
(aggregating up to ₹619.23 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%
Company Promoters

Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka and Nihal Fiscal Services Private Limited are the company promoters.

Tega Industries IPO Timeline (Tentative Timetable)

Tega Industries IPO opens on Dec 1, 2021, and closes on Dec 3, 2021. The Tega Industries IPO bid date is from Dec 1, 2021 10.00 A.M. to Dec 3, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Tega Industries IPO Opening Date Dec 1, 2021
Tega Industries IPO Closing Date Dec 3, 2021
Basis of Allotment Dec 8, 2021
Initiation of Refunds Dec 9, 2021
Credit of Shares to Demat Dec 10, 2021
Tega Industries IPO Listing Date Dec 13, 2021

Tega Industries IPO Lot Size

The Tega Industries IPO lot size is 33 shares. A retail-individual investor can apply for up to 13 lots (429 shares or ₹194,337).

Application Lots Shares Amount
Retail (Min) 1 33 ₹14,949
Retail (Max) 13 429 ₹194,337

Tega Industries IPO Promoter Holding

Pre Issue Share Holding 85.17%
Post Issue Share Holding 79.17%

Tega Industries IPO Review

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...


Tega Industries IPO Subscription Status (Bidding Detail)

The Tega Industries IPO is subscribed 219.04 times on Dec 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

CategorySubscription (times)
QIB215.45
NII666.19
Retail29.44
Total219.04

Tega Industries IPO Prospectus

Tega Industries IPO Rating

1778
4.3
Rating:Rated 4.3 stars
Vote Here ...

Tega Industries IPO Listing Date

Listing Date Monday, December 13, 2021
BSE Script Code 543413
NSE Symbol TEGA
Listing In B Group of Securities
ISIN INE011K01018
IPO Price ₹453 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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/

Tega Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: tega.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Tega Industries IPO FAQs

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 Dec 1, 2021, and closes on Dec 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Tega Industries IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Tega Industries IPO opens on Dec 1, 2021 and closes on Dec 3, 2021.

Tega Industries IPO lot size is 33 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Tega Industries IPO will be done on Dec 8, 2021, and the allotted shares will be credited to your demat account by Dec 10, 2021. Check the Tega Industries IPO allotment status.

The Tega Industries IPO listing date is on Monday, December 13, 2021.
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Tega Industries IPO Message Board

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1670 Comments

669. harit |   Link |Jan 5, 2022 10:44:52 AM
Happy new year
668. ipobull |   Link |Dec 21, 2021 10:08:54 AM
IPO Mentor IPO Mentor (800+ Posts, 900+ Likes)
The recent listings have proved that one can easily wait for couple of days for fresh buys in IPOs and those who are allotted should not waste time and sell immediately on seeing a good pop up. Actually the GMPs floated around do not reflect the real intrinsic value of stocks. Everyone fails in predicting GMPs accurately for most of the IPOs.
667. alpesh alpesh |   Link |Dec 17, 2021 10:02:47 AM
Hi
666. alpesh alpesh |   Link |Dec 17, 2021 9:58:22 AM
Hi
665. TradingforLife |   Link |Dec 17, 2021 8:22:29 AM
Trading Buy

TEGA at 615 to 620
Stoploss 590
Target 655 / 690

Only trading buy 623 now.
664. Alwayslucky |   Link |Dec 16, 2021 9:33:58 AM
Is Tega industries is a good portfolio buy at current level around 600?
Dear experts, please suggest.
663. Haran |   Link |Dec 14, 2021 1:40:17 PM
I bought this Tega Scrip yesterday, I''m so surprised it went 7% negative today. Can someone guide me here, is there any chance for this scrip to pickup the pace by this week or next week ?
663.6. Haran |   Link |Dec 15, 2021 1:30:07 PM
Thank you Lokes, Vmaru and DSR. I Will sell this scrip today!
663.7. Nexus |   Link |Dec 16, 2021 1:39:17 AM
I am a Long term investor and due to good fundamentals, I am buying Tega on dip in small quantities.

Based on FY21 earnings, the asking price is at a PE of 22.01 whereas on annualized FY22 earnings, the asking price is at a PE of 63.18. TTE PE is pretty good but the Forward PE is very high because Jun-21 Qtr Earning is just around 11.88 Crore. But Tega''s business is seasonal and most earnings of this company happens in the last Qtr. So even though Tega may seem expensive right now, based on FY22-Q1 earnings it will be okay by the end of FY22.

I like the almost 50% growth in Profit After Tax of this company but I don''t know how long it will continue like this=>
31-Mar-19 -> 31-Mar-20->31-Mar-21
32.67 Cr -> 65.50 Cr -> 136.40 Cr

I am eager to see Tega''s Qtr-4 earnings this year.

The current price drop of Tega is 20% since listing which is huge but volumes are quite low. For e.g. yesterday''s trading volume was just 1.18% of free float which in turn is at the most 21% of entire stock.

Current fall, apart from poor market conditions could be attributed to Loss Booking by Funded HNIs as the CMP has gone below HNI cost + IPO Price.
662. Allan |   Link |Dec 15, 2021 9:06:20 AM
Top Contributor Top Contributor (200+ Posts)
Its unbelieveable that an IPO that had 215x qib subscription is falling more than 15% from its opening price. For those looking at qib participation and investing in IPOs, think again. Looks extremely bearish, whether this is a good pick at these levels remains questionable for now. Strange how things change in a week.
661. TradingforLife |   Link |Dec 11, 2021 9:18:37 AM
*IPO Listing Update:*

Company: *Tega Industries Limited*

Listing Date: *Monday, Dec 13 2021*

Symbol: *TEGA*

BSE Script Code: *543413*

ISIN No.: *INE011K01018*

Exchange: *BSE & NSE*

Issue Price: *Rs. 453/- per share*

Min. Bid Lot: *33 Shares*

Listing pe partial profit jarooor boook krna.

Shyam Metalics, Trason now Tega GMP rocks listing shocks.
661.4. TradingforLife |   Link |Dec 14, 2021 9:59:34 PM
@asoke you can tell us dont mislead but in market some people are talking this since tarson with less noise. So how you gonna stop them. And what they are talking that reflecting on Screen. Screen is King.
661.5. TradingforLife |   Link |Dec 14, 2021 10:10:26 PM
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.

Not my info but info updated my chittorgarh forum.
660. RajBreaks |   Link |Dec 12, 2021 9:24:09 PM
Dear Retailers....
Who Got Allotment....
Do Not Put Sell Order At 9.45am.
Look At The Opening Value...If It Is 770(10rs+/-)rs or Even Above 800. Then Instead of Put Sell Order Put Buy Order With 16-18% More Price Than The Open Price And Wait. If Even 60% of The Total Retailers Do So...Then More Chance It Can Easily Move Up At Least 10% More Than The Open Price In 1st 5 Minutues.

From There, Think For Selling If So... And Slowly Cancel The Buy Orders If Its Moving More Up.

I Beleive Operators Trying To Pull It Down To Enter At Lower Price..
With A Fear Of OMICRON & South Afrca(As Tega Has Expansion Plan In S.Africa) And Offcourse GMP Is Down Becoz Of Ongoing OMICRON Fear In EUROPE And Other Parts In The World. As Tega Has Many International Clients.

Lowerside Between (630 - 585)rs My Accumation Area In Case of Any Big Fall.
(1060 - 1260 - 1440)rs My Targets Buy (Dec 2021 - March 2022 - June 2022).

**My Personal View.
660.3. retail |   Link |Dec 13, 2021 8:00:38 AM
BROKER REJECT THE ORDER PLACED BETWEEN 9.45 TO 10 AM .
only after 10 you can place order.
account with 2 broker same issue.
pl suggest how to proceed
tks
660.4. Haran |   Link |Dec 14, 2021 1:57:10 PM
@Retail - You may have to place a GTT if you are placing before 10Am for an IPO scrip
659. Wise Try |   Link |Dec 13, 2021 9:27:25 PM
Please clear it to me...
Free float in Tega is 68 lakhs shares approximately. And today''s nse+bse delivery is 65 lakhs shares approximately. For 14th December only 3 lakhs shares are available for delivery because today''s 65 lakhs shares delivery will be in T+1.
So there should be supply cruch on 14th December?
Am I calculating right?
659.1. Jetha Lal |   Link |Dec 14, 2021 10:41:17 AM
IPO Mentor IPO Mentor (600+ Posts, 1300+ Likes)
Absolutely wrong.
Who said you that those bought on 13th can''t be sold on 14th.
No block deal too happened so counter seems to be in weak and may slip till 600.
658. VIjay Kumar Gopu |   Link |Dec 13, 2021 9:40:05 AM
Got 1 lot, holding it for long term.
658.1. SSingh |   Link |Dec 14, 2021 6:15:39 AM
Good
658.2. Haran |   Link |Dec 14, 2021 10:22:07 AM
Hi Vijay,

Have you applied thru ASBA or UPI ?
Which bank ?
657. Savilark |   Link |Dec 14, 2021 8:51:58 AM
hey guys, i havent received my refund in my account, bank is telling my money was not captured for blocking the allotment but bank statement showing debit of 1 lot shares ..?? any suggestions
656. Poor Guy |   Link |Dec 13, 2021 6:18:41 AM
Plz reply
Tega LTP sHowing 1640 in Zerodha kite. What is the meaning of this ?
656.10. Poor Guy |   Link |Dec 13, 2021 4:41:43 PM
@Cautious
May be Sir 😄
656.11. Mind & Money |   Link |Dec 13, 2021 11:00:15 PM
Error. Noticed it on upstox as well before 9.45 am
655. SaimA |   Link |Dec 13, 2021 12:40:56 PM
HELP.
I didn''t receive the allotment yet my money is still blocked. Bank is PSB I used Gpay for mandate. Please tell me what should I do.
655.1. Krishnaji |   Link |Dec 13, 2021 6:38:28 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
@SaimA- Don''t worry, It will be done in few days automatically. Note- Every UPI IPO mandate request has validity date which you choose at the time of accepting the request. In case the funds are not unblocked after allotment, the funds get unblocked automatically when the validity expires. Usually banks keep 12 days validity.

Thanks!
654. VMARU |   Link |Dec 13, 2021 12:15:50 PM
I see only sample allotment basis in the link. Where can I see full allotment basis for Tega?
654.2. VMARU |   Link |Dec 13, 2021 3:09:01 PM
It''s the same link I am referring to. It has only a sample of BoA. Not the full BoA list.
654.3. iamnimitshah |   Link |Dec 13, 2021 3:35:32 PM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
full allotment list nahi milta... you can mail the company secretary or linkintime, but very unlikely that they will revert... Still try!
653. TradingforLife |   Link |Dec 13, 2021 9:33:36 AM
People who say it is good listing ..... no not a good listing it should be listed near 850 to 900 but not. It listing at 760 by the time of tega ipo nifty was 17000 around. Then rally of almost 600pts markets were favorable. Still gmp was day by day falling. When many ipos are open at one time it affects listing in most demanded ipos. So I see same thing to happen in map my india and data pattern. But they will list far better than tega.
653.2. Kunal B |   Link |Dec 13, 2021 9:53:12 AM
100% Agree, for that matter, Gocolors did an excellent job when market was falling like crazy
653.3. Nexus |   Link |Dec 13, 2021 9:58:48 AM
Its a BAD listing for Funded HNIs
Its a GOOD listing for everybody else.
Case Closed !
652. Kunal B |   Link |Dec 13, 2021 9:51:23 AM
I think Gocolors has given an excellent listing in the recent lot of IPOs provided the fact that Market was falling like knife and subscription figure was nowhere near to Tega.
This is an OKish listing I would say in terms of market condition and subscription.
651. DSR |   Link |Dec 13, 2021 9:35:09 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Side note:

Bought Sigachi last Friday..today 8%up..adding more.

Kellton tech ..looking good breakout
650. DSR |   Link |Dec 13, 2021 9:33:04 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Exited completely..not trust in WB companiee..