Tega IPO (Tega Industries Limited)

Tega IPO GMP

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)


Tega IPO Details

Subscription Dates1 – 3 December 2021
Price BandINR443 – 453 per share
Fresh issueNIL
Offer For Sale13,669,478 shares (INR605.56 – 619.23 crore)
Total IPO size13,669,478 shares (INR605.56 – 619.23 crore)
Minimum bid (lot size)33 shares (INR14,949)
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Tega Industries’ Financial Performance

 FY2019FY2020FY2021Q1 FY2022
Revenue643.1695.6856.7179.4
Expenses598.4638.1675.5163.8
Net income32.765.5136.411.9
Margin (%)5.19.415.96.6
Figures in INR crore unless specified otherwise

Tega IPO News


Tega Valuations & Margins

FY2019FY2020FY2021
EPS4.909.8420.48
PE ratio21.63
RONW (%)8.1414.1622.23
ROCE (%)11.1211.1724.76
EBITDA (%)16.4916.8527.86
Debt/Equity0.530.530.31
NAV105.04

Tega IPO GMP Daily Trend

DateTega IPO GMPKostakSubject to Sauda
3 Dec 2021 INR450INR580INR7,800
2 Dec 2021 INR450INR570INR7,700
1 Dec 2021INR400INR550INR6,500
30 Nov 2021INR300INR425INR5,600
29 Nov 2021INR300INR400INR5,500
27 Nov 2021INR250INR350INR5,000

Tega IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
QIB27,33,8960.073.35215.45
NII20,50,4224.1720.48666.19
Retail47,84,3187.5117.0429.44
Total95,68,6364.6713.87219.04
Subscription figures in number of times, at 5:00 PM

Tega Industries IPO Reviews – Subscribe or Avoid?

Ajcon Global – Subscribe
Angel One – Subscribe
Anand Rathi –
Antique Stock Broking –
Arihant Capital –
Ashika Research – Subscribe
Asit C Mehta –
BP Wealth – Subscribe
Canara Bank Securities – Subscribe
Choice Broking – Subscribe
Elite Wealth – Subscribe
GEPL Capital –
Hem Securities – Subscribe
ICICIdirect – Subscribe
IDBI Capital –
KR Choksey –
Marwadi Financial Services – Subscribe
Motilal Oswal –
Nirmal Bang – Subscribe
Religare Broking –
Samco Securities – Subscribe for listing gains
SMC Global – 2/5
Ventura Securities – Subscribe


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


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


Tega IPO Allotment Status

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


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: Coming soon
Closing Price on NSE: Coming soon


Tega IPO FAQs

How many shares in Tega IPO are reserved for HNIs and retail investors?

The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.

How to apply in Tega Industries Public Offer?

The best way to apply in Tega Industries IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.

What is Tega IPO GMP today?

Tega Industries IPO GMP today is INR450 per share.

What is Tega IPO kostak rate today?

Tega Industries IPO kostak rate today is INR580 per application.

What is Tega Industries Subject to Sauda rate today?

Tega Industries Subject to Sauda rate today is INR7,800 per application.

LEAVE A REPLY

Please enter your comment!
Please enter your name here