Tega Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Tega Industries IPO release date, IPO offer price, subscription, Tega Industries Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 443 to Rs 453 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 33 Shares |
| Listing Date | Dec 13, 2021 |
| Offer for Sale | Rs 6192.3 Million |
| Fresh Issue | Rs Million |
| IPO Size | Rs 6192.3 Million |
| Tick Size | 1 |
Tega Industries IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Tega Industries IPO – Summary
They are a leading manufacturer and distributor of specialized ‘critical to operating’ and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry, on the basis of sales for the calendar year 2020. Globally, they are the second-largest producer of polymer-based mill liners, on the basis of revenues for the calendar year 2020.
They offer comprehensive solutions to marquee global clients in the mineral beneficiation, mining, and bulk solids handling industry, through their wide product portfolio of specialized abrasion.
The Promoter of this company is MADAN MOHAN MOHANKA, MANJU MOHANKA, MANISH MOHANKA, MEHUL MOHANKA, AND NIHAL FISCAL SERVICES PRIVATE LIMITED. The lead manager to the issue is Axis Capital Limited, and JM Financial Limited, and the Registrar to this issue is Link Intime India Private Limited.
Tega Industries IPO Date
The opening and the closing date of Tega Industries IPO are Dec 1, 2021, and Dec 3, 2021 respectively.
Check out Related IPO Links:
| Tega Industries IPO GMP |
| Allotment – Tega Industries IPO |
Tega Industries IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 1st Dec | 0.07x | 4.17x | 7.51x | 4.67x |
| 2nd Day – 2nd Dec | 3.35x | 20.48x | 17.04x | 13.87x |
| 3rd Day – 3rd Dec | 215.45x | 666.19x | 29.44x | 219.04x |
| Shares Offered or Net Issue | 2,733,896 | 2,050,422 | 4,784,318 | 9,568,636 |
The shares subscribed by the public will be updated here.
Check Tega Industries IPO LIVE Subscription
- Tega Industries IPO LIVE Bid details on BSE
- Tega Industries IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Tega Industries IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Tega Industries IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 8, 2021 |
| Refunds Initiation | Dec 9, 2021 |
| The credit of Shares to Demat Account | Dec 10, 2021 |
| Share Listing Date | Dec 13, 2021 |
Tega Industries IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 443 to Rs 453.
Tega Industries IPO Equity Size
This Initial Public Issue of 13,669,478 Equity Shares of Rs.10 each for cash at a price of Rs 443 to Rs 453 per equity share aggregating to Rs.6192.3 Million.
Tega Industries IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of [●] Equity Shares of Rs.10/ each.
Issue Size: 13,669,478 Equity Shares of Rs.10 each, aggregating to Rs.6192.3 Million
Open Free Demat Account Now!
Tega Industries IPO – Live Performance
The listing date of this IPO is Dec 13, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Tega Industries Share Price |
Tega Industries IPO Grey Market Premium
The Tega Industries Limited IPO Grey Market Premium price is Rs 300, the Kostak rate is Rs 500 and the Subject to Sauda is Rs 9000.
Tega Industries IPO – Company Overview
They commenced operations in 1978 in India, with a foreign collaboration with Skega AB, Sweden. Madan Mohan Mohanka acquired the entire equity stake of Skega AB in their Company in 2001. Their individual Promoters are Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka and Mehul Mohanka.
Their MD and CEO, Mehul Mohanka, has been involved in the Company’s business for the last 18 years and has led their business as their Managing Director and Group CEO for the last 5 years. In 2011, they received funding from Wagner Ltd., an entity affiliated with TA Associates, a global private equity firm.
Their products offering include consumables required in the mines and mineral processing industry. In the sequence of their usage in the mineral processing value chain, after blasting to floatation, their products include chutes and their liners, grinding mill liners, trommels, and screens, hydrocyclones, pumps, and flotation parts, and conveyor products.
Their product range is engineered with a combination of mineral processing engineering, mechanical engineering, and material sciences while utilising their expertise in tribology.
Tega Industries IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | ||||
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Total Assets | 10,561.72 | 10,183.39 | 8,873.15 | 7,902.68 |
| *Total Revenue | 1,793.86 | 8,566.84 | 6,955.42 | 6,430.13 |
| Total Expense | 1,638.19 | 6,755.00 | 6,381.08 | 5,983.67 |
| Profit After Tax | 118.82 | 1,364.05 | 655.04 | 326.70 |
Earnings per Equity Share (in Million)
| 30-Jun-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic | 2.10 | 24.10 | 11.57 | 5.76 |
| Diluted | 1.78 | 20.48 | 9.84 | 4.90 |
Further, their PAT for the period ended on March 31, 2021, March 31, 2020, and March 31, 2019, were Rs. 1,364.05 Million, Rs. 655.04 Million, and Rs. 326.70 Million respectively.
Tega Industries IPO – Promoters
The Promoter of this company is:
- MADAN MOHAN MOHANKA
- MANJU MOHANKA
- MANISH MOHANKA
- MEHUL MOHANKA
- NIHAL FISCAL SERVICES PRIVATE LIMITED
List of Related Parties (Key Managerial Personnel)
- Madan Mohan Mohanka, Chairman and Executive Director
- Mehul Mohanka, Managing Director and Group CEO
- Syed Yaver Imam, Executive Director
- Dhiraj Poddar, Non-Executive Director
- Hemant Madhusudan Nerurkar, Independent Director
- Jagdishwar Prasad Sinha, Independent Director
Tega Industries IPO – Promoters Holding
- Pre Issue Share Holding – 85.17%
- Pos Issue Share Holding – 79.17%
Tega Industries IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 13,669,478 Equity Shares aggregating up to Rs.6192.3 Million |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Million |
| Of which: | |
| Retail Investors Portion | Not less than 4,784,318 Equity Shares |
| Other than Retail Individual Investors | Not more than 2,050,422 Equity Shares |
| Equity Shares outstanding prior to the Issue | 57,600,868 Equity Shares |
| Equity Shares outstanding after the Issue | 66,293,149 Equity Shares |
Tega Industries IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of up to 13,669,478 Equity Shares.
Tega Industries IPO – Business Strategy
- Gain market share and customer wallet share across high-growth markets.
- Leverage in-house R&D capabilities to grow their product offerings and capitalize on future trends
- Expand their manufacturing capabilities to achieve better economies of scale
- Explore opportunities for inorganic growth.
- Operational efficiencies and margin expansion
Tega Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- A leading producer of specialized and “critical to operating” products, with high barriers to replacement or substitution;
- Insulated from mining capex cycles, as their 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;
- The 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; and
- Experienced management team supported by the large, diverse, and skilled workforce.
The relevant quantitative factors are:
| Basic EPS | Diluted EPS |
RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 24.10 | 20.48 | 22.23 | 105.04 |
| 31-Mar-20 | 11.57 | 9.84 | 14.16 | – |
| Mar-19 | 5.76 | 4.90 | 8.14 | – |
Tega Industries IPO: Competitive Peers
| Face Value (Rs.) | P/E | Basic EPS (Rs.) | Diluted EPS (Rs.) |
Return on Net Worth (%) | Total Income (Rs. in Millions) | |
| Tega Industries Limited | 10 | [●] | 24.10 | 20.48 | 22.23 | 8,566.84 |
| Listed Peers | ||||||
| AIA Engineering Limited | 2 | 32.15 | 60.02 | 60.02 | 13.33 | 30,536.88 |
Tega Industries IPO Lead Managers
| Lead Managers |
|
Axis Capital Limited JM Financial Limited |
Tega Industries IPO Registrar to offer
| Registrar to the Offer |
| Link Intime India Private Limited C-101, 1st Floor, 247 Park L.B.S. Marg, Vikhroli West, Mumbai 400 083 Maharashtra, India Tel: +91 22 4918 6200 E-mail: tega.ipo@linkintime.co.in Website: www.linkintime.co.in Investor grievance E-mail: tega.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan SEBI Registration No: INR000004058 |
Tega IPO – Other Details
- Statutory Auditor – Price Waterhouse & Co Bangalore LLP
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – RBL Bank Limited, Standard Chartered Bank, Axis Bank Limited, Citi Bank N.A., and ICICI Bank Limited
Tega IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
Subscribe to Tega Industries IPO
Tega Industries Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Tega Industries IPO Review FAQs
Ques – What is the Issue Size of Tega Industries IPO?
Answer – The Company is making an initial public offer of 13,669,478 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
Ques – What is the Price band of Tega Industries IPO?
Answer – The price band for this particular IPO ranges between Rs 443 to Rs 453. As far as the face value of the share is of concern, it is Rs.10 per share.
Ques – What is the Tega Industries IPO Open Date?
Answer – The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 1, 2021, while the closing date is set at Dec 3, 2021.
Ques – What is the Tega Industries IPO Allotment Date?
Answer – They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 8, 2021, refund initiation is on Dec 9, 2021, credit of shares is on Dec 10, 2021, and share listing date is on Dec 13, 2021.
Ques – What is the Tega Industries IPO Listing Date?
Answer – Shares of this company shall be listed in the exchanges on Dec 13, 2021. The date, when the listing would be done, is stagnant on Dec 13, 2021.
Ques – Who is the Registrar of Tega IPO?
Answer – One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Ques – Who is the Promoter of Tega Industries IPO?
Answer – Here are the promoters of this IPO – MADAN MOHAN MOHANKA, MANJU MOHANKA, MANISH MOHANKA, MEHUL MOHANKA, AND NIHAL FISCAL SERVICES PRIVATE LIMITED. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
Ques – What is the GMP of Tega IPO?
Answer – They have obtained the GMP of this IPO and it is Rs 300. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Ques – Is Tega IPO good for Investment?
Answer – They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
Ques – What is the PAT of Tega Industries?
Answer – They have the information of company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2021 in Million is 1,364.05, 2020 is 655.04, 2019 is 326.70.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics