Tega Industries IPO GMP: Tega Industries Grey Market Premium
Tega Industries IPO is scheduled to open on 01 December 2021. Know all about Tega Industries IPO such as - Tega Industries IPO GMP (Tega Industries Gray Market Premium), Tega Industries IPO Date, Tega Industries IPO Review, Tega Industries IPO Benefits & Risks. We will update Tega Industries Limited Gray Market Premium daily. Also, all information related to Tega Industries IPO like price band, all dates, issue size and retail parts etc. All the important information about Tega Industries IPO is given below.
Tega Industries IPO
The company is a leading player in the manufacture of specialized and recycled consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. The IPO of Tega Industries will open on December 01 and close on December 03. The price band of the IPO is ₹443 to ₹453. The company is looking to raise Rs 619 crore through an initial public offering (IPO). Where all shares (Around 13,669,478 Equity Shares) will be under OFS (Offer for Sale).
In this IPO, Approx ₹619 Crores worth of shares will be sold through an offer for sale. The IPO of Tega Industries will be listed on NSE and BSE. The information given is on the basis of RHP filed by Tega Industries Limited.
We will talk about Tega Industries' financial, benefits, and risks of investing in the company. Also will know about Tega Industries' business model.
What is Tega Industries IPO GMP Today?
Tega Industries IPO GMP is ₹300.
What is the Tega Industries IPO Date?
Tega Industries IPO Opening date is 01 December 2021.
What is Tega Industries IPO Expected Return?
Tega Industries IPO Expected Returns is approx 60% - 70%.
About Tega Industries
We will know about Tega Industries (Tega Industries IPO), so let's start. Tega Industries was established in the year 1976. The company manufactures specialized, critical, and consumable products for the mineral beneficiation, mining, and bulk solids handling industries globally. And also their distributor. Tega Industries is the second-largest producer of polymer-based mill liners in the world by 2020 revenue.
The company's product portfolio is quite extensive, which includes more than 55 mineral processing and materials management products. Tega Industries offers a wide range of specialty abrasion, resistant rubber, polyurethane, steel, and ceramic-based components primarily used in various stages of mining and mineral processing, grinding, screening, and material handling.
If we talk about the revenue of the company, at present the company has 6 manufacturing sites. Out of the 6 manufacturing sites, 3 are in India (in Gujarat, West Bengal, and Kalyani), Chile, South Africa, and Australia on an international level. The majority of Tega Industries' revenue comes from operations outside India which were up 86.42% in 2021. Tega Industries has 18 global and 14 domestic sales offices.
Important Links:
- Tega Industries Website
- Tega Industries DRHP
- Tega Industries RHP
Purpose of the offer
- To achieve the benefits of listing equity shares on the stock exchanges.
- To meet common corporate objectives.
Tega Industries GMP Today (Grey Market Premium)
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 12 December | ₹ | ₹ | ₹ |
| 11 December | ₹ | ₹ | ₹ |
| 10 December | ₹300 | ₹500 | ₹9000 |
| 09 December | ₹350 | ₹500 | ₹8000 |
| 08 December | ₹350 | ₹500 | ₹8000 |
| 07 December | ₹350 | ₹500 | ₹8000 |
| 06 December | ₹400 | ₹600 | ₹11000 |
| 05 December | ₹410 | ₹600 | ₹11000 |
| 04 December | ₹410 | ₹600 | ₹11000 |
| 03 December | ₹410 | ₹550 | ₹10000 |
| 02 December | ₹410 | ₹550 | ₹10000 |
| 01 December | ₹400 | ₹500 | ₹6000 |
| 30 November | ₹310 | ₹500 | ₹6000 |
| 29 November | ₹300 | ₹500 | ₹6000 |
| 28 November | ₹300 | ₹500 | ₹5000 |
| 27 November | ₹250 | ₹500 | ₹5000 |
Tega Industries IPO Date and Price Band Details
Tega Industries IPO open date: 01 December 2021, Closing date: 03 December 2021, and Listing date: 13 December 2021. The price band of Tega Industries IPO is ₹443 to ₹453 per share. Tega Industries IPO issue size is Rs 619 crores. Tega Industries Ipo retails portion is 35%, QIB Portion is 50%, and NII Portion 15%.
| IPO Open: | 01 December2021 |
| IPO Close: | 03 December 2021 |
| Listing Date: | 13 December 2021 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹619 Crores |
| Fresh Issue: | Approx ₹0 Crores |
| Offer For Sale: | Approx ₹619 Crores |
| Price Band: | ₹443 to ₹453 per share |
| Face Value: | ₹10/Equity share |
| QIB Portion: | 50% |
| Issue Type: | Book Build |
| Retail Portion: | 35% |
Tega Industries IPO Market Lot & Size
Tega Industries IPO minimum lot size is 33 shares with ₹14,949 application amount and the maximum lot size is 429 shares with ₹196,337 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 33 Shares |
| Minimum Amount: | ₹14,949 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 429Shares |
| Maximum Amount: | ₹196,337 |
Tega Industries IPO Allotment & Listing Date
| Ipo Opening Date: | 01 December 2021 |
| IPO Closing Date: | 03 December 2021 |
| Basis of Allotment: | 08 December 2021 |
| Refund Date: | 09 December 2021 |
| Credit to Demat Account: | 10 December 2021 |
| Listing Date: | 13 December 2021 |
Tega Industries IPO Review
HappiestPost View: You can apply for great listing gain and also for the long term.
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Tega Industries Ipo Review
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Tega Industries is one of the world's largest producers of polymer-based mill liners.
- The company's financials are quite attractive. The company is increasing its profit every year. The company's profit stood at ₹32 crores in FY 2019, ₹65 crores in FY 2020, and ₹136 crores in FY 2021.
- Tega Industries has in-house R&D and manufacturing capabilities and complete control over quality.
- The company has a strong customer base, and strong sales capabilities, not only in the country but globally.
- The company is continuously growing in the market and increasing its operational efficiency, as well as increasing its revenue.
- The company has a strong, experienced leadership team.
Risks
- In the year 2021, about 86.42% of the company's revenue came from outside India, which means that if any problem arises globally, it will affect the company.
- The company has to constantly focus on the innovation and quality of its products.
Tega Industries Financials
Tega Industries Financials (in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹790 | ₹643 | ₹32 |
| 2020 | ₹887 | ₹696 | ₹65 |
| 2021 | ₹1018 | ₹857 | ₹136 |
Promotors
The promoters of the company are:
- Madan Mohan Mohanka
- Manish Mohanka
- Manju Mohanka
- Mehul Mohanka
- Nihal Fiscal Services Pvt Ltd
Contact Details of Tega Industries
Tega Industries Limited
147, Block-G, New Alipore,
Kolkata 700 053,
West Bengal, India
Phone: +91 33 3001 9000
Email: compliance.officer@tegaindustries.com
Website: https://www.tegaindustries.com
Lead Managers
- Axis Capital Limited
- JM Financial Consultants Private Limited
Tega Industries IPO Registrars
Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bahadur Shastri Marg,
Vikhroli (West),
Mumbai 400 083, Maharashtra (India)
Telephone: +91 22 4918 6000
E-mail: tega.ipo@linkintime.co.in
Website: https://linkintime.co.in
Conclusion
The company has been the second-largest producer of polymer-based mill liners in the year 2020. At the same time, the company has been profitable for the last 3 financial years and has also increased its profits year after year. Tega Industries Limited has a good presence in about 70 countries across the world, keeping in view all these factors, the company is expected to have a great listing.
Tega Industries IPO GMP FAQs
What is Tega Industries IPO GMP Today?
Tega Industries IPO GMP is ₹350 as of today.
What is Tega Industries IPO Opening Date?
Tega Industries IPO Opening date is 01 December 2021.
What is Tega Industries IPO Closing Date?
Tega Industries IPO Closing date is 03 December 2021.
What is Tega Industries IPO Listing Date?
Tega Industries IPO Date is 13 December 2021.
What is Tega Industries IPO Kostak Rate?
Tega Industries IPO Kostak rate is ₹500.
What is Tega Industries IPO Expected Returns?
Tega Industries IPO Expected Returns is 70%.
Read More:
For other important information related to the stock market and Grey Market Premium, Costak rate, you can click on the links given below.
How to Apply the Tega Industries Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Tega Industries Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
Disclaimer
- We are not involved in grey market trading in any way. And do not provide the facility to buy or sell IPO form of any IPOs.
- Reference to IPO Gray Market Premium (IPO GMP) is valid only for the date specified in the header, we are not involved in the buy or sell of IPO form.
- Do not decide to subscribe to an IPO solely on the basis of GMP (Grey market premium), as this may change at any time prior to listing. Do research about the fundamentals and financial details of companies before subscribing.
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1 Comments
Thanks for mention company's Strength and Weakness.
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