Tega Industries Limited IPO

 

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.

Competitive 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

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	31-Mar-21	31-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
Profit After Tax	118.82	1,364.05	655.04	326.70

Tega Industries IPO Details

IPO Opening Date	Dec 1, 2021
IPO Closing Date	Dec 3, 2021
Issue Type	Book Built Issue IPO
Face Value	₹10 per equity share
IPO Price	₹443 to ₹453 per equity share
Market Lot	33 Shares
Min Order Quantity	33 Shares
Listing At	BSE, NSE
Issue Size	13,669,478 Eq Shares of ₹10 (aggregating up to ₹619.23 Cr)
Offer for Sale	13,669,478 Eq Shares of ₹10 (aggregating up to ₹619.23 Cr)

Tega Industries IPO Tentative Timetable

The Tega Industries IPO open date is Dec 1, 2021, and the close date is Dec 3, 2021. The issue may list on Dec 13, 2021.

IPO Open Date	Dec 1, 2021
IPO Close Date	Dec 3, 2021
Basis of Allotment Date	Dec 8, 2021
Initiation of Refunds	Dec 9, 2021
Credit of Shares to Demat Account	Dec 10, 2021
IPO Listing Date	Dec 13, 2021

Tega Industries IPO Lot Size

The Tega Industries IPO market lot size is 33 shares. A retail-individual investor can apply for up to 13 lots (429 shares or ₹194,337).

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	33	₹14,949
Maximum	13	429	₹194,337

 

How to Apply for IPO?

You can apply for the IPO in these ways:

• Demat Account

            If you’re a new investor open demat account for free with Angel One using link                 https://tinyurl.com/k79bdf4z to begin your investment journey.

• UPI

            Alternatively, you can apply for IPO through UPI. First, you need to connect your bank account with a preferred UPI platform. Then, link it with your Angel One account. After that, you can use the UPI option present on the Angel One website and app to subscribe to IPO.

Finally, go to the UPI app to book shares for the IPO.