Tega IPO (Tega Industries Limited)

Tega IPO description – The company is the second largest producer of polymer-based mill liners in terms of revenues for calendar year
2020. It offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through its wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel and ceramic based lining components, used by its customers across different stages of mining and mineral processing, screening, grinding and material handling, including after-market spends on wear, spare parts, grinding media and power.

Its product portfolio comprises more than 55 mineral processing and material handling products. As an average of the last three Fiscals i.e., 2021, 2020 and 2019, sale of products constitutes 95.08% of its revenue from operations, while its sale of services and other operating revenue constitutes 2.15% and 2.77%, respectively of its revenue from operations.

The company’s revenues from operation from outside India constituted 86.42% of its revenue from operations in FY2021.

Promoters of Tega Industries – Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka and NFSPL (Nihal Fiscal Services Private Limited)

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Tega IPO Details

Subscription Dates	1 – 3 December 2021
Price Band	INR443 – 453 per share
Fresh issue	NIL
Offer For Sale	13,669,478 shares (INR605.56 – 619.23 crore)
Total IPO size	13,669,478 shares (INR605.56 – 619.23 crore)
Minimum bid (lot size)	33 shares (INR14,949)
Face Value	INR10 per share
Retail Allocation	35%
Listing On	NSE, BSE

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Tega Industries’ Financial Performance

	FY2019	FY2020	FY2021	Q1 FY2022
Revenue	643.1	695.6	856.7	179.4
Expenses	598.4	638.1	675.5	163.8
Net income	32.7	65.5	136.4	11.9
Margin (%)	5.1	9.4	15.9	6.6

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Tega IPO News

• Tega Industries IPO GMP and oversubscription indicates strong listing
• Tega Industries IPO Review: Subscribe or Avoid?
• Tega IPO RHP
• Tega IPO DRHP

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Tega Valuations & Margins

	FY2019	FY2020	FY2021
EPS	4.90	9.84	20.48
PE ratio	–	–	21.63
RONW (%)	8.14	14.16	22.23
ROCE (%)	11.12	11.17	24.76
EBITDA (%)	16.49	16.85	27.86
Debt/Equity	0.53	0.53	0.31
NAV	–	–	105.04

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Tega IPO GMP Daily Trend

Date	Tega IPO GMP	Kostak	Subject to Sauda
11 Dec 2021	INR300	–	INR8,700
10 Dec 2021	INR300	–	INR8,700
9 Dec 2021	INR300	–	INR8,500
8 Dec 2021	INR300	INR400	INR7,600
7 Dec 2021	INR350	INR500	INR8,000
6 Dec 2021	INR450	INR600	INR8,500
4 Dec 2021	INR450	INR600	INR8,500
3 Dec 2021	INR450	INR580	INR7,800
2 Dec 2021	INR450	INR570	INR7,700
1 Dec 2021	INR400	INR550	INR6,500
30 Nov 2021	INR300	INR425	INR5,600
29 Nov 2021	INR300	INR400	INR5,500
27 Nov 2021	INR250	INR350	INR5,000

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Tega IPO Subscription – Live Updates

Category	Shares Offered	Day 1	Day 2	Day 3
QIB	27,33,896	0.07	3.35	215.45
NII	20,50,422	4.17	20.48	666.19
Retail	47,84,318	7.51	17.04	29.44
Total	95,68,636	4.67	13.87	219.04

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Tega Industries IPO Reviews – Subscribe or Avoid?

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Tega Industries Offer Registrar

Link Intime India Private Limited 
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

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Tega Industries Contact Details

Tega Industries Limited
147, Block-G, New Alipore,
Kolkata – 700 053
Phone: +91 33 3001 9000
Email: [email protected];
Website: www.tegaindustries.com

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Tega IPO Allotment Status

Tega Industries IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.

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Tega IPO Timetable

IPO Opening Date: 1 December 2021
IPO Closing Date: 3 December 2021
Finalisation of Basis of Allotment: 8 December 2021
Initiation of refunds: 9 December 2021
Transfer of shares to demat accounts: 10 December 2021
Listing Date: 13 December 2021
Opening Price on NSE: INR760 per share (up 67.77% from IPO price)
Closing Price on NSE: INR718 per share (up 58.5% from IPO price)

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Tega IPO FAQs