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Tega Industries IPO Details

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Tega Industries IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

Allotment Status

About Tega Industries

Tega India is the leading manufacturer and distributor of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry, on the basis of sales as of June 30, 2021.

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Globally, Tega India is the second largest producers of polymer-based mill liners, on the basis of revenues as of June 30, 2021. Tega India comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through the wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel and ceramic based lining components, used by the 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, which are regular operating expenses for the customers.

The engineering capability, which has evolved over decades, has enabled us to consistently offer the quality, complex manufactured products within stipulated timelines, allowing us to reduce downtime and maximize operational efficiency for the customers, and forge robust relationships with the customers leading to high recurring revenues.

Tega India commenced operations in 1978 in India, with a foreign collobaration with Skega AB, Sweden. Madan Mohan Mohanka acquired the entire equity stake of Skega AB in our Company in 2001. The individual Promoters are Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka and Mehul Mohanka. The MD and CEO, Mehul Mohanka, has been involved in the Company’s business for the last 18 years, and has led the business as the Managing Director and Group CEO for the last 5 years.

Competitive Strengths

  • A leading producer of specialized and “critical to operate” products, with high barriers to replacement or substitution
  • Insulated from mining capex cycles, as our products cater to after-market spends, providing recurring revenues.
  • High value add and technology intensive products, backed by strong R&D and focus on quality control.
  • Long standing market player with marquee global customer base and strong global manufacturing and sales capabilities.
  • Consistent growth, characterized by operational efficiency and high repeat business
  • Experienced management team supported by large, diverse and skilled work force.

Important Details – Tega Industries

DateDetails
May 15, 1976The company was incorporated as “Tega India Limited”as a public limited company at Kolkata, West Bengal

Objects of the Issue

  • to achieve the benefits of listing the Equity Shares on the Stock Exchanges
  • the Offer for Sale of up to 13,669,478 Equity Shares

Tega Industries Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 10,183.39 8,873.15 7,902.68
Total income 8,566.84 6,955.42 6,430.13
Total Expenses 6,755.00 6,381.08 5,983.67
Profit After Tax 1,364.05 655.04 326.70

Tega Industries IPO Price Details

DescriptionTega IPO Details
Public IssueInitial Public offer of 13,669,478 Equity Shares of ₹ 10 (aggregating up to ₹ [.] million)
Issue Open  Date01-Dec-21
Issue Close Date03-Dec-21
Issue TypeBook Building
IPO Price Band₹ 433 – ₹ 453
Face Value ₹ 10
Market Lot 33 Equity Shares and in multiples thereof
Minimum Order Quantity 33 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolTEGA
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Tega Industries IPO DRHP & RHP

Tega Industries IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum133₹ 14,949
Maximum13 429₹ 1,94,337

Tega Industries IPO Lead Managers

  • Axis Capital Limited
  • JM Financial Limited

Tega Industries IPO Registrar

Company Promoters

  • Madan Mohan Mohanka
  • Manju Mohanka
  • Manish Mohanka
  • Mehul Mohanka
  • Nihal Fiscal Services Pvt Ltd

Tega Industries IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on01-Dec-21
Bid / Offer Closes on03-Dec-21
Finalisation of Basis of Allotment08-Dec-21
Initiation of refunds 09-Dec-21
Credit of the Equity Shares10-Dec-21
Listing Date13-Dec-21

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total income, for Financial Year 2021
(in ₹ million)
NAV, as on March 31, 2021
(₹ per share)
Tega India 1024.18,566.84105.04
AIA Engineering Limited260.0230,536.88449.99

Company Corporate Office

Office Space No. 807,
8th Floor, Godrej Waterside-Tower II,
DP-5, Bidhannagar, Salt Lake,
Sector V, Kolkata 700 091,
West Bengal, India
Website: www.tegaindustries.com

Company Registered Office

147, Block-G, New Alipore,
Kolkata 700 053,
West Bengal, India

Tega Industries IPO – FAQS

What is the Tega IPO Price?

The Tega IPO price band is ₹ 433 – ₹ 453 per share

When Tega India IPO will open?

The Tega India IPO opens on Dec 01, 2021 and closes on Dec 03, 2021

What is the lot size of Tega India IPO?

The Tega India IPO lot size is 33 Equity Shares and the minimum order quantity is 33 Equity Shares

Who is the Registrar for Tega India IPO?

The Registrar for Tega India IPO is Link Intime India Private Limited

How to apply in Tega India IPO through UPI?

Check the step by step process here – Click here

How to apply in Tega India IPO through Zerodha?

Check the step by step process here – Click here

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