Tega Industries was incorporated on May 15, 1976. The company offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through a 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
| Bidding Dates |
|---|
| 01 Dec 2021 - 03 Dec 2021 |
| Subscription |
|---|
| 219.04x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,949 | 1 | 13 | 33 | 13.7 M | ₹443 - ₹453 | 85.33 % | ₹6055.6 M - ₹6192.3 M | RHP DOC |
Tega Industries IPO SUBSCRIPTION STATUS
03 Dec '21Tega Industries IPO overall subscription rate was 219.04 times the total available shares
Tega Industries IPO retail subscription rate was 29.44 times in the retail segment
Tega Industries IPO non-institutional investor subscription rate was 666.19 times in the non-institutional investor category
Tega Industries IPO Qualified Institutional Bidder subscription rate was 215.45 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
03 Dec 2021 (Day 3) | 29.44x | 666.19x | 215.45x |
02 Dec 2021 (Day 2) | 17.04x | 20.48x | 3.35x |
01 Dec 2021 (Day 1) | 7.51x | 4.17x | 0.07x |
Tega Industries IPO SUBSCRIPTION STATUS DETAILS
Tega Industries had 13.7 M shares on offer
Tega Industries IPO offer price was in the range ₹443 - ₹453
Tega Industries IPO minimum Investment was ₹14949
Tega Industries IPO issue size was ₹ 6055.6 M - ₹ 6192.3 M
Tega Industries had a minimum lot size of 33 Shares per application
Tega Industries NUMBER OF SHARES ON OFFER
Tega Industries IPO IMPORTANT DATES
| Issue Open Date | 01 Dec 2021 |
| Issue close Date | 03 Dec 2021 |
| Allotment Date | 08 Dec 2021 |
| Refund Date | 09 Dec 2021 |
| Demat Account Credit Date | 10 Dec 2021 |
| Listing Date | 13 Dec 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Tega Industries Allotment Status | Exchange |
Tega Industries IPO subscription opened on 01 Dec 2021, and closed on 03 Dec 2021
IPO allotment for Tega Industries was finalized on Wednesday, 08 Dec 2021
IPO listing for Tega Industries was on NSE and BSE on Monday, 13 Dec 2021
Tega Industries IPO LISTING GAINS
| Issue Price (adjusted) | 453.0 |
| Listing Open Price | 753.0 |
| Listing Close Price | 725.5 |
| Listing Gain% | 66.2% |
| Current Gain% | 258.9% |
Tega Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tega Industries Ltd. | 1625.7 | 10756.7 | 85.6 | -3 | 7.2 | 4.2 | 3.3 | 1773.6 | 5.5 | 142.7 | -28.7 | 19 | -28.7 |
| Coal India Ltd. | 415.2 | 255907.3 | 8.2 | -1.4 | 1.6 | 26.1 | 10.9 | 179676 | 17.6 | 31094.3 | -12.1 | 50.6 | -5.9 |
| Lloyds Metals & Energy Ltd. | 2101.2 | 118278 | 32.1 | 0.2 | 6.9 | 26.5 | 8.8 | 17306.4 | 155.5 | 3680.8 | 153.9 | 65.4 | 153.9 |
| NMDC Ltd. | 84.9 | 74660.1 | 10 | 0.7 | 2.3 | 21.9 | 15.4 | 33559.3 | 31.6 | 7450.4 | 13.9 | 8.5 | 13.9 |
| Gujarat Mineral Development Corporation Ltd. | 582.8 | 18533 | 19.4 | 0.4 | 6.6 | 13.5 | 10.6 | 3077.2 | -4 | 956.7 | 39.5 | 30.1 | 43.7 |
| Bharat Coking Coal Ltd. | 34.1 | 15866.4 | -136 | 1.3 | 2.2 | 0.6 | 14924.3 | 3.6 | 128.3 | -89.7 | -0.3 |
Tega Industries IPO Reports
Tega Industries INFORMATION ON IPO ISSUE
About Tega Industries
Object of the Issue
Tega Industries - PROMOTERS
| Name |
|---|
| Madan Mohan Mohanka |
| Manju Mohanka |
| Manish Mohanka |
| Mehul Mohanka |
| Nihal Fiscal Services |
Tega Industries Book Running Lead Managers
Axis Capital Limited
tega.ipo@axiscap.in
JM Financial Limited
tega.ipo@jmfl.com
Tega Industries Registrar to the Offer
Link Intime India Private Limited
tega.ipo@linkintime.co.in
Tega Industries Strengths
One of the world's largest producers of polymer-based mill liners
Products cater to after-market spends providing recurring revenues
In-house R&D and manufacturing capabilities and a strong focus on quality control
Global customer base, and strong global manufacturing and sales capabilities
Consistent market growth and operational efficiency
Experienced management team supported by a large, and diversified workforce
IPO FAQs
This IPO consists of an offer for sale of up to Rs 619.2 crore, of 13,669,478 shares.
The promoters of the company are Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka and Nihal Fiscal Services.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 443.0 - 453.0.
The IPO application opens on Dec 01, 2021 and closes on Dec 03, 2021.
The minimum lot size for the IPO is 33. The maximum lot size for the IPO is 429.
For all category investors, the minimum application amount for this IPO is Rs. 14,949.0, the maximum value for this IPO is Rs 194,337.0.
This IPO will be allotted on Dec 08, 2021.
The refund will be credited to your account on Dec 09, 2021.
The allotted shares will be credited to your demat on Dec 10, 2021.
Tega Industries Ltd.’s shares listed on the stock exchanges on Dec 13, 2021.