Tega IPO Analysis
Tega Industries Limited 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 not just sell products in the domestic market but also export to countries like North America, South America, EMER (Europe, Middle East, and Russia), Africa, and the Asia Pacific. In fiscal 2021, it has generated 86.42% revenue from operations outside India. Tega Industries has 6 manufacturing sites, 3 in India (Dahej, Samali, and Kalyani), and 3 sites in Chile, South Africa, and Australia with an aggregate area of 74,255 sq meters.
Tega Industries IPO
| Issuer | Tega Industries Limited |
| Issue Type | Book Built Issue IPO |
| Issue Period | Issue Opens: Dec 1, 2021 |
| Issue Closes: Dec 3, 2021 |
| Price Brand | ₹443 to ₹453 Per Share |
| Issue Size | ₹619 Crores |
| Face Value | Rs.10 per Equity Share |
| Market Lot | 33 Shares |
| Maximum Bid amount for Retail | Rs. 1,94,337 |
| QIB | 50% of the issue size |
| NIB | 15% of the issue size |
| Retail Individual Bidders | 35% of the issue size |
| Offer for Sale | ₹ 619 Cr |
| Listing at | NSE & BSE
|
Tega Industries IPO Market Lot
| Lot Size: | Minimum 33 Shares & Maximum 429 Shares |
| Minimum Amount: | ₹14949 |
| Maximum Amount: | ₹194337 |
Tega Industries IPO Allotment & Listing
| Basis of Allotment: | Dec 08, 2021 |
| Refunds: | Dec 09, 2021 |
| Credit to Demat Account: | Dec 10, 2021 |
| Listing Date: | Dec 13, 2021 |
Registrar
| Name of the Registrar | Link Intime India Private Limited |
| Address of the Registrar | C-101, 1st Floor, 247 Park Lal Bahadur Shastri Marg Vikhroli (West) Mumbai 400083, Maharashtra, India |
Contact Person Name
Number and Email | Shanti Gopalkrishnan, +91 02249186200
TEGA.ipo@linkintime.co.in |
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