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 Promoters:

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

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

IPO Opening Date Dec 1, 2021
IPO Closing Date Dec 3, 2021
Issue Type Book Built Issue IPO
Face Value ₹10 per equity share
IPO Price ₹443 to ₹453 per equity share
Market Lot 33 Shares
Min Order Quantity 33 Shares
Listing At BSE, NSE
Issue Size13,669,478 Eq Shares of ₹10
(aggregating up to ₹619.23 Cr)
Offer for Sale13,669,478 Eq Shares of ₹10
(aggregating up to ₹619.23 Cr)
QIB Shares Offered28.57%
NII Shares Offered21.43%
RII Shares Offered50%

Tega Industries IPO Tentative Timetable

The Tega Industries IPO open date is Dec 1, 2021, and the close date is Dec 3, 2021. The issue may list on Dec 13, 2021.

IPO Open Date Dec 1, 2021
IPO Close Date Dec 3, 2021
Basis of Allotment Date Dec 8, 2021
Initiation of Refunds Dec 9, 2021
Credit of Shares to Demat Account Dec 10, 2021
IPO Listing Date Dec 13, 2021

Tega Industries IPO Lot Size

The Tega Industries IPO market 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 (Cut-off)
Minimum 1 33 ₹14,949
Maximum 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 Prospectus

Tega Industries IPO Rating

Rating:Rated 4.3 stars
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Company Contact Information

Tega Industries Limited
147, Block-G, New Alipore,
Kolkata 700 053,
West Bengal, India
Phone: +91 33 3001 9000

Tega Industries IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

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 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 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 33 Shares.

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 not yet announced. The tentative date of Tega Industries IPO listing is Dec 13, 2021.

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