
Tega Industries IPO
Mainboard₹14,949 / 33 Shares
Tega Industries IPO Details
The Tega Industries IPO price band is set between ₹443-453 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 1 Dec, 2021 and closes on 3 Dec, 2021. Investors can check the allotment status on 8 Dec, 2021, while the listing date is tentatively scheduled for 13 Dec, 2021.
The total issue size is Approx 620 Crores, aggregating up to . Stay tuned for the latest Tega Industries IPO review and GMP updates.
Tega Industries IPO Review, Rating & Analysis
Tega Industries IPO Review
NO REVIEWTega Industries IPO Rating
Tega Industries IPO Highlights
IPO Date
Dec 1, 2021 - Dec 3, 2021
Listing Date
13 Dec, 2021
Face Value
₹10 Per Equity Share
Price Band
₹443-453 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
Tega Industries IPO Lot Size
The minimum market lot for Tega Industries IPO is 33 shares with an application amount of ₹14,949. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,949 |
| Retail (Max) | 13 | 429 | ₹1,94,337 |
| S-HNI (Min) | 14 | 462 | ₹2,09,286 |
| S-HNI (Max) | 66 | 2178 | ₹9,86,634 |
| B-HNI (Min) | 67 | 2211 | ₹10,01,583 |
Tega Industries IPO Timeline
Issue Price
₹443-453 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LimitedLead Manager
Axis Capital Limited, JM Financial LimitedIssue Size
Approx 620 CroresTega Industries IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 21 | 1018.33 | 856.68 | 136.40 | - | - | - |
| 31 Mar 20 | 887.31 | 695.54 | 65.50 | - | - | - |
| 31 Mar 19 | 790.26 | 643.01 | 32.67 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Madan Mohan Mohanka
- Manju Mohanka
- Manish Mohanka
- Mehul Mohanka
- Nihal Fiscal Services Private Limited
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 85.17% | 79.17% |
About Company
Established in 1976, Tega Industries is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second largest producers of polymer-based mill liners, based on revenues for the year 2020.The company offers a wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components used by their customers across different stages of mining and mineral processing, screening, grinding, and material handling. The company's product portfolio comprises more than 55 mineral processing and material handling products.The company has 6 manufacturing sites, including 3 in India, at Dahej in Gujarat, and at Samali and Kalyani in West Bengal, and 3 sites in major mining hubs of Chile, South Africa, and Australia, with a total built-up area of 74255 Sq. mts. In the last three Fiscals, the company has a presence in 513, 498, and 479 installation sites in over 70 countries. Majority of the company's revenue (86.42% in 2021) comes from operations outside India. The company has 18 global and 14 domestic sales offices located close to its key customers and mining sites. Tega Industries are further expanding their operations in major markets including North America, South America, Australia, and South Africa.
Tega Industries IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 27,33,896 | 20,50,422 | 47,84,318 | 95,68,636 |
Day 1 -01-12-21 05:00 PM | 0.07 x | 4.17 | 7.51 x | 4.66 x |
Day 2 -02-12-21 05:00 PM | 3.35 x | 20.48 | 17.05 x | 13.86 x |
Day 3 -03-12-21 05:00 PM | 215.45 x | 666.20 | 29.45 x | 219.04 x |
24.03 times
Frequently Asked Questions about Tega Industries IPO IPO
When will Tega Industries IPO open for subscription?
The Tega Industries IPO opens on 1 Dec, 2021 and closes on 3 Dec, 2021.
What is the investors portion for Tega Industries IPO?
The investors' portion for QIB is 215.45 x, NII is 666.20, and Retail is 29.45 x.
How to apply for Tega Industries IPO?
You can apply for Tega Industries IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Tega Industries IPO?
The issue size of Tega Industries IPO is approx ₹Approx 620 Crores crores.
What is the price band of Tega Industries IPO?
The price band for Tega Industries IPO is ₹443 to ₹453 per equity share.
What is the lot size of Tega Industries IPO?
The minimum bid (lot size) for Tega Industries IPO is N/A shares with an investment of approx ₹14,949 .
What is the allotment date of Tega Industries IPO?
The allotment date for Tega Industries IPO is 8 Dec, 2021.
What is the listing date of Tega Industries IPO?
The listing date for Tega Industries IPO is expected to be 13 Dec, 2021.
What is the GMP of Tega Industries IPO?
The latest Grey Market Premium (GMP) for Tega Industries IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.
