Tega Industries Limited IPO Price, GMP, Dates, Review

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Tega Industries Limited IPO

When is Tega Industries Limited IPO Launching?

Tega Industries’ initial public offer (IPO), with a worth of  ₹ 619.23 crores, will open on December 1, 2021, and close on December 3, 2021.

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 Share Price

The price band has been set at ₹443-453 a share and the upper end of the price band, the initial public offering is expected to fetch ₹619 crores.

Tega Industries IPO Promoter Holding

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

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

 

Tega Industries Board of Directors

  1. Madan Mohanka – Chairman
  2. Mehul Mohanka – MD and Group CEO
  3. S.Y Imam – Executive Director
  4. Manoj Kumar Sinha – Director – Global Operations
  5. Manoj Kumar Agarwal – Director – Global Finance & CFO
  6. Kanjanabha Bhattacharyya – President – Corporate Strategy
  7. Bhanu Sharma – Senior Vice President – Human Resources & Administration

Tega Industries 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

 

About Tega Industries

Set up in 1976, Tega Industries is a main manufacturer and distributor of specialized, critical, and repeating consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second biggest makers of polymer-based mill liners, based on revenues for the year 2020.

The organization offers a wide item portfolio of specialized abrasion and wear-safe rubber, polyurethane, steel, and ceramic-based lining parts utilized by their clients across various stages of mining and mineral processing, screening, grinding, and material handling. The organization’s item portfolio involves in excess of 55 mineral processing and material handling products.

The organization has 6 manufacturing sites, remembering 3 for India, at Dahej in Gujarat, and at Samali and Kalyani in West Bengal, and 3 sites in significant mining hubs of Chile, South Africa, and Australia, with an all-out developed area of 74255 Sq. mts. In the last three Fiscals, the organization has a presence in 513, 498, and 479 installation sites in more than 70 nations. The larger part of the organization’s income (86.42% in 2021) comes from tasks outside India. The organization has 18 global and 14 domestic sales workplaces found near its vital clients and mining sites. Tega Industries are further extending their tasks in significant markets including North America, South America, Australia, and South Africa.

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 Gray Market Premium

Tega Industries IPO GMP: According to market observers, Tega Industries IPO grey market premium (GMP) today is ₹385.

How to apply for Tega Industries IPO

You can apply in Tega Industries IPO web-based utilizing either UPI or ASBA as a payment strategy. ASBA IPO application is accessible in the net banking of your bank account. UPI IPO application is presented by agents who don’t offer banking services. Peruse more insight concerning applying IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.

Final Review

The organization has had solid margins growth over the most recent 3 years. These margins are further developing year on year as well. Notwithstanding, Q1 FY22 margins have declined contrasted with FY21.

Thinking about this large number of positive factors, financial investors can put resources into this IPO for the medium to the long haul. Taking into account that stock exchanges are volatile nowadays and taking amendments, one could conceivably anticipate listing gains.

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