Nifty 17938.4 (-0.96%)
Sensex 60098.82 (-1.08%)
Nifty Bank 38041.35 (-0.44%)
Nifty IT 37281.7 (-2.13%)
Nifty Financial Services 18269.95 (-1.08%)
Adani Ports 744.20 (-2.46%)
Asian Paints 3280.40 (-2.77%)
Axis Bank 729.60 (0.61%)
B P C L 394.35 (-0.94%)
Bajaj Auto 3436.80 (1.05%)
Bajaj Finance 7571.80 (-2.22%)
Bajaj Finserv 18077.30 (-0.42%)
Bharti Airtel 703.70 (-1.49%)
Britannia Inds. 3575.65 (-1.28%)
Cipla 895.65 (-0.72%)
Coal India 163.90 (1.93%)
Divis Lab. 4481.50 (-1.01%)
Dr Reddys Labs 4684.95 (-0.18%)
Eicher Motors 2718.70 (-0.64%)
Grasim Inds 1806.50 (-2.47%)
H D F C 2620.25 (-1.59%)
HCL Technologies 1199.20 (-1.68%)
HDFC Bank 1518.45 (-0.71%)
HDFC Life Insur. 656.05 (-1.95%)
Hero Motocorp 2699.80 (0.26%)
Hind. Unilever 2309.90 (-2.52%)
Hindalco Inds. 504.80 (1.77%)
I O C L 125.10 (0.93%)
ICICI Bank 808.60 (-1.76%)
IndusInd Bank 893.25 (-0.71%)
Infosys 1867.05 (-2.80%)
ITC 220.35 (-0.18%)
JSW Steel 674.65 (-0.82%)
Kotak Mah. Bank 1905.65 (-1.88%)
Larsen & Toubro 2020.90 (-0.06%)
M & M 894.40 (0.25%)
Maruti Suzuki 8015.70 (1.27%)
Nestle India 18937.00 (-2.28%)
NTPC 134.80 (-0.15%)
O N G C 170.25 (3.91%)
Power Grid Corpn 204.65 (-0.24%)
Reliance Industr 2521.60 (-0.01%)
SBI Life Insuran 1248.10 (-1.41%)
Shree Cement 26402.25 (-2.77%)
St Bk of India 515.80 (1.78%)
Sun Pharma.Inds. 838.50 (-0.97%)
Tata Consumer 717.65 (-1.89%)
Tata Motors 520.85 (1.97%)
Tata Steel 1209.60 (1.23%)
TCS 3914.65 (-1.90%)
Tech Mahindra 1670.10 (0.56%)
Titan Company 2588.90 (-0.45%)
UltraTech Cem. 7434.40 (-1.61%)
UPL 813.25 (1.77%)
Wipro 621.15 (-1.92%)

Tega Industries IPO - 7 Things to Know

Tega Industries IPO - 7 Things to Know
IPO
by 5paisa Research Team 25/11/2021

Tega Industries has been around in the polymers industry for over 45 years now. It focuses on material and mineral handling support systems with a portfolio of over 55 different products. Tega is tapping the IPO market next month and here is the gist of the IPO.
 

Seven interesting facts to know about Tega Industries IPO


1) Tega Industries essentially caters to the mining and abrasives industries with its specialized and proprietary polymer-based mineral handling products. It is among the world’s largest producers of polymer based mill liners. 

2) Tega Industries has 6 manufacturing sites. Of these, 3 are located in India and 3 are abroad. In India, it has 1 site in Dahej, Gujarat and 2 in the state of West Bengal.

In addition, it has 3 manufacturing sites globally; one each in the mineral rich nations of Chile, Australia and South Africa. As of FY21, Tega derived 86.4% revenues from abroad.

3) The entire IPO will be an offer for sale. The company will offer 1,36,69,478 shares and the eventual size of the IPO will depend on the pricing that is expected to be announced in next couple of days.

Out of the 136.69 lakh shares on offer, promoters will offer 39.78 lakh shares while early investor, Wagner, will look to offload 96.92 lakh shares.

4) The Tega Industries IPO will open for subscription on 01-Dec and close on 03-Dec. The basis of allotment will be finalized on 08-Dec while the refunds will be initiated on 09-Dec.

The shares are expected to be credited to demat accounts by 10-Dec and the listing will be on 13-Dec.

5) The company is a robust profit making company. For FY21, Tega reported net sales of Rs.856.68 crore and net profits of Rs.136.41 crore implying net margins of a healthy 15.92%.

If you compare FY21 over FY19, then sales are up 33% while net profits are up a whopping 4.18 times.

6) Since it is an offer for sale, there will be no fresh funds coming into the company. However, some of the strengths that the company brings to the table include its robust financials, global customer base, leadership in the polymer based mill liner business, strong proprietary technology and R&D as well as global scale.

7) The issue will be lead managed by Axis Capital and JM Financial while Link Intime will be the registrars to the IPO.

While the final pricing and issue size are yet to be put out, the street expectation is an issue price of around Rs.453 and an issue size of Rs.619 crore.

Also Read:-

Upcoming IPOs in 2021

Upcoming IPOs in November 2021

About the Author

Open Demat Account

Enter Mobile Number
Enter correct otp
Start investing in just 5 mins
Free Demat account, No conditions apply
  • 0%* Brokerage
  • Flat ₹20 per order
SENSEX
60,098.82
-656.04 (-1.08%)
Nifty 50
17,938.40
-174.65 (-0.96%)
Nifty Bank
38,041.35
-168.95 (-0.44%)
Next Article

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number

Stocks Directory

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z All 0-9