Tega Industries Ltd. IPO

Tega Industries Ltd.

IPO Listing Details

Listed On

BSE & NSE

Listed On

Issue Price

₹453

Issue Price

Listing Price

₹753

Listing Price

Listing Gains

+₹300.00 (+66.23%)

Listing Gains

IPO Details

Bidding Dates

01 Dec - 03 Dec '21

Bidding Dates

Min. Investment

₹14,619

Min. Investment

Lot Size

33.00

Lot Size

Price Range

₹443 - ₹453

Price Range

Issue Size

606 Cr

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

Subscription Rate - Tega Industries Ltd. IPO

  • Retail Individual Investor
    29.44x
  • Non-Institutional Investor
    666.19x
  • Qualified Institutional Buyers
    215.45x
  • Employees
    NA


About Tega Industries Ltd. IPO

The company was founded in 1976 and began operations in 1978. For the global mineral beneficiation, mining, and construction solids handling industries, the company is the leading manufacturer and distributor of specialist 'essential to operate' and recurring consumable goods.

  • IPO Opening Date
    01-Dec-21
  • IPO Closing Date
    03-Dec-21
  • Face Value
    INR 10 per equity share
  • IPO Price band
    INR 443 to INR 453 per equity share

Financial Snapshot - Tega Industries Ltd IPO

  • Particulars
    FY19
    FY20
    FY21
    Quarter Ending 30-Jun-21
  • Total Assets
    7,902.7
    8,873.2
    10,183.4
    10,561.7
  • Revenues
    6,430.1
    6,955.4
    8,566.8
    1,793.9
  • Profit After Tax
    326.7
    655.0
    1,364.1
    118.8
  • Profit %
    5.08%
    9.42%
    15.92%
    6.62%

Why should you invest in Tega Industries Ltd. IPO?

Here are some of the positive aspects of this business.

  • The company is the world's second-largest manufacturer of polymer-based mill liners.

  • It offers a diverse product portfolio of 55 mineral processing and material handling solutions.

  • In the last three years and three months, the company has had strong sales growth. Revenues grew from INR 643 crores in FY19 to INR 856.6 crores in FY21.

  • In the last three years, the company has experienced significant earnings growth. These margins are also increasing year after year.


SWOT Analysis - Tega Industries Ltd. IPO

Strengths:

The company is a major manufacturer of specialised and "essential to run" items with significant replacement and substitute barriers. It is immune to mining capex cycles because its products cater to after-market spending, resulting in recurrent revenues.

Weaknesses:

The sole purpose of this IPO is to sell shares (OFS). The profits of the IPO would go to the selling shareholders under OFS, and the firm would receive no money. Because this is the primary purpose of the IPO, the company will not receive any new funds and will only benefit from listing gains. Failure to build or properly manage a company's sales and distribution network, both in India and beyond, can have a negative impact on its business. For the delivery of raw materials and final goods, the company relies on third-party logistic and support service providers. Any interruption may cause a negative impact on the company's operations.

Opportunities:

Long-standing market participant with a prestigious global customer base and excellent manufacturing and sales skills on a global scale. The company has had sustained expansion, which has been distinguished by operational efficiency and a high level of repeat business.

Threats:

The company relies on a small number of essential raw material suppliers and does not have long-term contracts with them. The company, its promoters, and directors are involved in legal procedures, and a negative decision in any of these processes might have a negative impact on the company's operations, financial situation, and growth strategy. Before participating in this IPO, investors should read all of the risk considerations listed in the RHP of the IPO document.


Competitive Analysis - Tega Industries Ltd. IPO

  • The company is a major manufacturer of specialised and "essential to run" items with significant replacement and substitute barriers.

  • It is immune to mining capex cycles because its products cater to after-market spending, resulting in recurrent revenues.

  • Long-standing market participant with a prestigious global customer base and excellent manufacturing and sales skills on a global scale.



How to apply for Tega Industries Ltd. IPO?

You can apply for the Tega Industries Ltd. IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Tega Industries Ltd. click here.
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Frequently Asked Questions (FAQs) - Tega Industries Ltd. IPO

What are the IPO dates for Tega Industries?

The initial public offering (IPO) will begin on December 1st and end on December 3rd, 2021.

What is the IPO Lot Size for Tega Industries?

Investors must apply for a minimum order quantity of 33 shares because the IPO lot size is 33 shares.

What is the minimum subscription amount for Tega Industries' initial public offering?

Investors must apply for 33 shares at the lowest price range of INR 443 each. In this situation, the minimum amount would be 33 x 443 = INR 14,619.

When will Tega Industries' initial public offering (IPO) begin?

The opening and closing dates for the IPO have been changed. The initial public offering (IPO) is set to commence on December 1, 2021, and end on December 3, 2021.

When will Tega Industries' initial public offering (IPO) begin?

They also provide information on the allotment dates for each IPO. On December 8, 2021, the basis of allotment will be finalised, refunds will begin on December 9, 2021, shares will be credited on December 10, 2021, and the stock will be listed on December 13, 2021.

When will Tega Industries go public?

The company's shares will be placed on stock exchanges on December 13, 2021. The deadline for submitting an application is December 13, 2021.

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