Tega Industries IPO - 7 Things to Know

Tega Industries IPO - 7 Things to Know

by 5paisa Research Team Last Updated: Dec 13, 2022 - 05:05 pm 45.8k Views
Listen icon

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

How do you rate this blog?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Open Free Demat Account
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest Blogs
How ONDC is changing the ecommerce game in India?

One company is shaking things up in the ecommerce space. And that isn’t a flashy VC backed start-up. It's a company backed by the Indian government. I am talking about Open Network for Digital Commerce (ONDC). It has recorded a whopping 5.5 million transactions in December – its highest monthly figure since its inception.  To put this into perspective, in January of the previous year, ONDC had only logged 2,000 orders.

Analysis of Upcoming IPO - Platinum Industries Limited

What Platinum Industries Limited do? Platinum Industries Limited is stabilizer-producing firm that was founded in August 2016. firm produces lubricants, CPVC additives, & PVC stabilizers. Products from firm are utilized in packaging materials, rigid PVC foam boards, SPC floor tiles, electrical wires & cables, PVC fittings, PVC pipes, & more. Situated in Palghar, Maharashtra, company's production facility has 21,000 square feet of land.

Stock in Action – Vodafone Idea Ltd

Vodafone Idea’s Movement of Day