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Tega Industries IPO

IPO Status: Closed [1st Dec 2021 to 3rd Dec 2021]

Rated 4 stars Rated 4/5 by Team TopShareBrokers
Tega Industries IPO Detail

Tega Industries IPO of Rs. 619.23 Cr is coming soon to list on the BSE and NSE. The IPO opens for subscription from 1 Dec to 3 Dec 2021. The IPO price band is fixed at Rs. 443-453 and one can apply for the lot size of 33 shares and its multiple. Stay updated with us to know more about the Tega Industries IPO issue size, minimum order amount, business overview, company financials, live subscription, allotment status, and more.

Tega Industries IPO Details

IPO Issue Opening Date: 1st Dec 2021
IPO Issue Closing Date: 3rd Dec 2021
IPO Issue Price: ₹443-453
IPO Listing At: BSE, NSE
IPO Category: Mainline
IPO Issue Type: Book Built Issue IPO
IPO Issue Size: ₹619.23 Cr
Offer for Sale: 13,669,478 shares at ₹453 each [₹619.23 Cr]
Face Value: ₹10 Per Equity Share
IPO Discount: TBD
Market Lot: 33 Shares
Min Retail Qty: 33 shares (1 lot)
Max Retail Qty: 429 shares (13 lots)
Promoter Holding Pre IPO: 85.17%
Promoter Holding Post IPO: 79.17%
Retail Quota: 50%
NSE Code: TEGA
IPO Live GMP IPO Live GMP

Tega Industries IPO Important Dates

In this section we have covered all important dates related to Tega Industries IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Tega Industries IPO important dates
IPO Activity Date
IPO Issue Open 1st Dec 2021
IPO Issue Close 3rd Dec 2021
Basis of Allotment Finalisation Date* 8th Dec 2021
Refunds Initiation* 9th Dec 2021
Credit of Shares to Demat Account* 10th Dec 2021
IPO Listing Date* 13th Dec 2021

* - Tentative Dates

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About Company - Tega Industries

Tega Industries is a leading manufacturer and distributor of specialized and "critical to operate" recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. The company is the second-largest global producer of polymer-based mill liners for the calendar year 2020.

The firm offers a comprehensive range of products including specialized abrasion, wear-resistant rubber, polyurethane, steel, and ceramic-based lining components, and others to companies in mining and mineral processing, screening, grinding, material handling, and after-market spending. Currently, its product portfolio has 55+ mineral processing and material handling products. It also has foreign collaboration with Skega AB, Sweden. Madan Mohan Mohanka.

The company not just sell products in the domestic market but also export to countries like North America, South America, EMER (Europe, Middle East, and Russia), Africa, and the Asia Pacific. In fiscal 2021, it has generated 86.42% revenue from operations outside India. Tega Industries has 6 manufacturing sites, 3 in India (Dahej, Samali, and Kalyani), and 3 sites in Chile, South Africa, and Australia with an aggregate area of 74,255 sq meters.

Incorporation Sector IPO Issue Size Website
1976 Industrial Goods ₹619.23 Cr http://www.tegaindustries.com/

Tega Industries IPO Objective

  1. To achieve share listing benefits on the BSE and NSE.
  2. To make an offer for sale of 13,669,478 equity shares.

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Tega Industries IPO Live Subscription (NSE + BSE)

The table below is live update of IPO bidding details from NSE and BSE.

  • Qualified Institutional Buyers: 2,733,896 Shares
  • Non-Institutional Investors: 2,050,422 Shares
  • Retail Individual Investor: 4,784,318 Shares
IPO Bidding Live Updates from BSE + NSE
Day QIBNIIRIITotal
 # of Shares Offered2,733,896 (28.57%)2,050,422 (21.43%)4,784,318 (50%)9,568,636
11st Dec 2021 17:020.07x4.17x7.51x4.67x
22nd Dec 2021 19:163.35x20.48x17.04x13.87x
33rd Dec 2021 17:02215.45x666.19x29.44x219.04x

Tega Industries Financials for past 3 Years

Past performance and financial results of Tega Industries.

Tega Industries financial
Tega Industries Financials (₹ in Cr) 31-Mar-2021 31-Mar-2020 31-Mar-2019
Total Assets ₹1,018.34 ₹887.32 ₹790.27
Total Income ₹856.68 ₹695.54 ₹643.01
Net Profit/Loss ₹136.41 ₹65.50 ₹32.67

Tega Industries IPO Strengths

  • A leading producer of specialized and critical to operate products.
  • Large product portfolio with 55+ mineral processing and material handling products.
  • Technology-intensive products backed by strong R&D.
  • The established market player with a marquee global customer base and global manufacturing.
  • Consistent growth is driven by operational efficiency and repetitive business.

Tega Industries IPO Threats/Weaknesses

  • Global manufacturing activities are subject to the risk of doing business in foreign countries.
  • Failure to effectively expand or manage sales distribution networks in India and overseas can affect financial performance.
  • Dependency over a few suppliers for raw material requirements.
  • Exporting products overseas is subject to significant import duties and restrictions.

Tega Industries IPO DRHP >>Document

Tega Industries IPO RHP >>Document

Tega Industries IPO Allotment Status >>Tega Industries IPO Allotment is not declared yet, we will provide the link for status once allotment is out.

Company Address

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

Tega Industries IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Phone: +91-22-4918 6270
Email: [email protected]

Tega Industries IPO Lead Manager

  1. JM Financial Consultants Private Limited
  2. Axis Capital Limited
Tega Industries IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Tega Industries? Should I apply in Tega Industries IPO?

Last Updated on 2021-12-08T16:41:20+00:00

FAQs

Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Tega Industries IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Tega Industries IPO with Zerodha.

Alternate approch to apply in Tega Industries IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

Tega Industries IPO Review and Important Updates

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Apply in Tega Industries IPO online

To subscribe or apply in Tega Industries IPO, you can use the following methods:

Tega Industries IPO Applying ModeMethodDetails
Online Application3-in-1 Trading Account

If your broker is 3-in-1 service provider, you can apply in Tega Industries IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

Online Application2-in-1 Trading Account

Brokers like Zerodha, TradeSmart Online provides access to applying in Tega Industries IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

Online ApplicationASBA

This is one of the most popular mode of applying in Tega Industries IPO. Most of the Syndicate Banks provide access to apply in Tega Industries IPO via ASBA process. You must have your net banking access, DP ID information to apply in Tega Industries IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

Offline ApplicationPhysical Form

You can apply in Tega Industries IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

Tega Industries IPO Review and Important Updates

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Applying in Tega Industries IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Tega Industries IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

For more details on how to use UPI payment method to apply Tega Industries IPO, please refer article >> Link

Tega Industries IPO Review and Important Updates

Steps to download the online application form for Tega Industries IPO

  • Step1:Click here.
  • Step2: Click on “Bid-cum Application Form Download
  • Step3: Above Step will open an online form.
  • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
  • Step5: Fill bid details - min 33 and max 429 shares (13 lots).
  • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
  • Step7: This will fill your application online and give you a pdf file.
  • Step8: Take a print of this document and go to your bank for UPI transactions.
  • Or

  • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

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Tega Industries IPO is going to be list on 13-12-2021. NSE Code for Tega Industries is TEGA.

Other relevant questions:

When Tega Industries IPO will be listing? Tega Industries IPO NSE listing date?Tega Industries IPO date of listing

 

Tega Industries IPO Allotment Date is 8-12-2021.

Other relevant questions:

Tega Industries IPO share allotment date?Tega Industries IPO allotment date?

 


User Reviews

avatar
5. Krishnakumar Nov 24 2021 09:15:35 PM Reply
Tega Industries IPO expected listing gain.
avatar
4. T.Deepa Nov 24 2021 09:15:35 PM Reply
Please confirm Tega Industries IPO GMP (grey market premium) and kostak.
avatar
3. Ronak Shah Nov 24 2021 09:15:35 PM Reply
Tega Industries IPO good or bad.
avatar
2. Rayan Rajkumar Godha Nov 24 2021 09:15:35 PM Reply
Tega Industries IPO whether to invest or not.
avatar
1. Chandrika Nov 24 2021 09:15:35 PM Reply
Tega Industries IPO - CRISIL Rating, Apply or not?.