IPO

Tega Industries IPO

Mainboard

Engineering - Industrial Equipments

Listed On: Dec 13, 2021 at ₹ 760.00(NSE)

₹ 14949 /33 Shares

Check Allotment

01 Dec, 2021

Open Date

03 Dec, 2021

Close Date

08 Dec, 2021

Allotment Date

13 Dec, 2021

Listing Date
Price Summary

Last Closing

1,955.50 (331.68%)

52 Week High

2,125.00

52 Week Low

1,200.05

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹443-453 per equity share
  • Face Value ₹10 Per Equity Share 
  • Issue Price Approx 620 Crores
  • Listing at BSE, NSE
  • List Price 760.00(NSE)
  • Listing Date 2021-12-13
  • Lead Manager Axis Capital Limited, JM Financial Limited
  • Registrar Link Intime India Private Limited
IPO Details
  • Retail Portion 35% (Number of Retail Applications : 1,44,900 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹443-453 per equity share, which has a face value of ₹10 Per Equity Share  each, IPO bidding starts from Dec 1, 2021 and ends on Dec 3, 2021. The allotment for IPO will be finalized on Dec 8, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 13, 2021. The company shall list its equity shares on the BSE, NSE. Link Intime India Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, JM Financial Limited.


The IPO sets its price band at 443-453 for each share. A single application for Tega Industries IPO must contain at least 33 shares.

Read More
IPO Subscription Analysis And Details
Retail
29.45x
QIB
215.45x
NII
666.20x
Total
219.04x
As on QIB NII Retail Total
Shares Offered / Reserved 27,33,896 20,50,422 47,84,318 95,68,636
Day 1 01-12-21 05:00 PM
0.07 x 4.17 7.51 x 4.66 x
Day 2 02-12-21 05:00 PM
3.35 x 20.48 17.05 x 13.86 x
Day 3 03-12-21 05:00 PM
215.45 x 666.20 29.45 x 219.04 x
Total No of Applications
3484321
Subscription on the basis of Applications
24.03
Valuations
Earnings Per Share (EPS) ₹20.48/-
P/E Ratio 22.02
RoNW 22.23%
Net Asset Value (NAV) - As on 30.06.21 ₹108.06
Company Financials
In Crs.
In Cr.
31-Mar-21 31-Mar-20 31-Mar-19
Assets 1,018.33 887.31 790.26
Revenue 856.68 695.54 643.01
Profit After Tax 136.40 65.50 32.67
About Company

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.The company has 6 manufacturing sites, including 3 in India, at Dahej in Gujarat, and at Samali and Kalyani in West Bengal, and 3 sites in major mining hubs of Chile, South Africa, and Australia, with a total built-up area of 74255 Sq. mts. In the last three Fiscals, the company has a presence in 513, 498, and 479 installation sites in over 70 countries. Majority of the company's revenue (86.42% in 2021) comes from operations outside India. The company has 18 global and 14 domestic sales offices located close to its key customers and mining sites. Tega Industries are further expanding their operations in major markets including North America, South America, Australia, and South Africa.

Read More
- Promoter(s)

Madan Mohan Mohanka

Manju Mohanka

Manish Mohanka

Mehul Mohanka

Nihal Fiscal Services Private Limited

Pre Issue Share Holding : 85.17%

Post Issue Share Holding : 79.17%

IPO - Issue Objectives
1

The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges

IPO - Anchor Investors

Tega Industries mops up Rs 185.76 crore from anchor investors ahead of IPO
Key participants in the anchor book were SBI Mutual Fund, ICICI Prudential, HDFC Trustee Company, Axis Mutual Fund, Aditya Birla Sun Life Trustee, Kotak Mutual Fund, and Tata Mutual Fund.
Among other investors, Goldman Sachs, BNP Paribas Arbitrage, Kuber India Fund, Elara India Opportunities Fund, and Ashoka India Equity Investment Trust Plc also invested in the company.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Tega Industries 4.19 22.02 22.23% 856.68
AIA Engineering 4.18 40.98 10.19% 484.90