Tega Industries Limited IPO will open on 1st Dec 2021. Established in 1976 Tega Industries Limited is a leading producer of specialized and critical to operate products. Tega Committed to engineering flawless solutions that enrich the future of mining. This article covers all the important points you should know about Tega Industries IPO.
List of Topic Covered
Key Features of Tega Industries Limited IPO
- Tega Industries Limited IPO will open on 1st Dec 2021
- You can apply in this IPO from 1st Dec 2021 to 03rd Dec 2021
- Issue Price band of the company is 443 – 453 per equity share.
- This IPO comprises only an offer for sale (OFS) of approx 1,36,69,478 equity shares by promoters and existing shareholders.
- It has a minimum 33 shares in one lot and you have to spend a minimum ₹14,949 for 1 lot.
- Tega Industries Limited is looking to raise ₹ 619 crore through this IPO.
Tega Industries Limited IPO Live Subscription Status
Tega Industries IPO subscribed 219.04 times in overall category. Retail investors subscribed 29.44 times, QIB subscribed 215.45 times and NII investors subscribed 666.19 times as on 3rd Dec 2021.
What is Tega Industries Limited
- Tega Industries Limited is a leading producer of specialized and critical to operate products.
- Started operations in 1976 and mainly making products for the global mineral beneficiation, mining and bulk solids handling industry.
- It is the second largest producer of polymer-based mill liners.
- It has manufacturing plants in India, South Africa, Australia and Chile.
- Tega exports its products and solutions to over 70 countries and has a sales and distribution network with a 1700+ workforce.
- Tega Committed to engineering flawless solutions that enrich the future of mining
- Mr. Madan Mohanka is the chairman and Mr. Mehul Mohanka is the MD and CEO of the company.
- Company had posted good profit numbers and revenue in 2019, 2020 and 2021 which is a strong positive point for investors.
Tega Industries Limited IPO Conditions to know before Investing, Date, Lot Size, Allotment
| IPO Start Date | 01 December 2021 |
| IPO Close Date | 03 December 2021 |
| Share Allotment Date | 08 December 2021 |
| Refunds Date | 09 December 2021 |
| Credit to Demat Account Date | 10 December 2021 |
| IPO Listing Date | 13 December 2021 |
| Fresh Equity Share Issue | NA |
| Offer For Sale (OFS) Equity Share | Approx 1,36,69,478 Equity Share |
| Face Value | ₹ 10 Per Equity Share |
| Price Band | ₹ 443 – ₹ 453 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Listing on | NSE & BSE |
| Minimum Lot Size | 33 Share in 1 Lot |
| Minimum Amount | ₹ 14,949 For 1 Lot |
| Maximum Lot Size | 429 Shares (13 Lot) |
| Maximum Amount | ₹ 194,337 (For 13 Lot) |
| Employee Discount | NA |
How to Apply in Tega Industries Limited IPO
- You can apply for the Tega Industries Limited IPO through the ASBA facility available in your bank account.
- Just login to your online banking. GO to the IPO section and apply for Tega Industries Limited IPO
- Also you can apply this IPO through your trading account
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
Grey Market Premium of Tega Industries Limited IPO GMP
Grey market is an unregulated market to trade ipo shares before listing. Tega Industries Limited IPO price band is placed at ₹ 443 – ₹ 453 but the grey market premium of this share is currently 86% up i.e. at ₹ 390. So share price of Tega Industries Limited IPO in grey market is ₹ 843 (453 + 390).
Tega Industries Limited Financial Report of 2019,2020 & 2021
Company has posted good profit numbers and revenue consistently in 2019, 2020 & 2021. It shows the company’s strength.
| Year | Assets | Revenue | Expense | PAT (Profit After Tax) |
| 2021 | ₹ 1018 | ₹ 857 | ₹ 676 | ₹ 136.41 |
| 2020 | ₹ 887 | ₹ 696 | ₹ 638 | ₹ 65.50 |
| 2019 | ₹ 790 | ₹ 643 | ₹ 598 | ₹ 32.67 |
Retail Investors, QIB & NII quota in Tega Industries Limited IPO
Tega Industries Limited IPO’s 50% quota is reserved for the QIB category. 15% quota is reserved for NII Category and 35% quota is reserved for retail investors.
Tega Industries Limited IPO Promoters
- Madan Mohan Mohanka
- Manju Mohanka
- Manish Mohanka
- Mehul Mohanka
- Nihal Fiscal Services Private Limited
Tega Industries Limited IPO Lead Managers
- Axis Capital Limited
- JM Financial Consultants Private Limited
How to apply for the Tega Industries Limited IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Tega Industries Limited IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Tega Industries Limited IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Tega Industries Limited IPO.
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Allotment Status For Tega Industries Limited IPO
You can check Tega Industries Limited IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
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This covers all the points on Tega Industries Limited IPO. If you have any questions or comments, please write in the comment box. We will get back to you shortly.