Tega Industries Ltd. IPO

The company is engaged in mineral processing and material handling products. Their products offers a wide range of solutions in the mining equipment, aggregates equipment and the mineral consumables industry.

RHP
View
DRHP
View
Open Date

2021-12-01

Close Date

2021-12-03

Company Financials

You can get the following financial statements of Tega Industries Ltd. as of now.

Subscription Details

The details about the Tega Industries IPO is as:

  • The issue size of the IPO is 619.23 Cr.
  • The price band ranges from Rs 443 to Rs 453.
  • The shares of Tega Industries will list on 13th December 2021.
  • The latest tentative GMP of Tega Industries IPO is Rs 350.
  • Tega Industries IPO is subscribed 219.04 Times as of 3rd December 2021.

 

Tega Industries IPO Valuation

The approx valuation of Tega Industries IPO based on its price band and DRHP/RHP is:

Particulars Value
Upper Price Band Rs 453
Existing Shares (Qty) 6.62 Cr
Market Cap 2998.8 Cr
EPS (FY21) Rs 24.10
PE Ratio 18.79x
Industry PE 31.71x

 

Tega Industries IPO Issue Size

Tega Industries IPO issue details:

Issue Amount
Fresh Issue 0 Cr
Offer For Sale 619.23 Cr

 

Tega Industries IPO Market Lot

An Individual can apply for a minimum 1 lot of 33 shares and a maximum of 13 lots of 429 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 33 Rs 14,949
 Maximum 13 429 Rs 1,94,337

 

Tega Industries IPO Share Offer

Tega Industries IPO is subscribed 219.04 Times as of 3rd December 2021. It is Oversubscribed as of now. The category-wise subscription is as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 215.45 Times
Non-Institutional Minimum 15% 666.19 Times
Retail Individual Minimum 35% 29.44 Times
Total   219.04 Times

 

Tega Industries IPO Grey Market Premium

As on GMP (Tentative)
5 December 2021 Rs 410
6 December 2021 Rs 400
7 December 2021 Rs 350
8 December 2021 Rs 350
9 December 2021 Rs 350

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Tega Industries IPO:

Schedule Date
Basis of Allotment 8 December 2021
Refunds 9 December 2021
Credit to Demat Account 10 December 2021
IPO Listing Date 13 December 2021

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 443.97 447.18 496.82 591.99 715.13
Total Expenditure 361.22 362.79 374.27 483.88 562.56
Operating Profit 82.75 84.39 122.55 108.11 152.57
Other Income 18.73 34.18 220.49 45.06 25.9
Interest 14.83 17.03 13.72 8.66 10.55
Depreciation 23.56 25.68 24.76 20.74 18.32
Exceptional Items 0 0 0 0 0
Profit Before Tax 63.09 75.86 304.56 123.77 149.6
Provision for Tax 12.23 11.39 31 27.83 35.78
Net Profit 50.86 64.47 273.56 95.94 113.82
Adjusted EPS (Rs.) 0.88 1.12 4.75 1.45 1.72

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 66.29 66.29 66.29 66.29 66.35
Total Reserves 417.18 481.23 755.02 851.05 964.66
Borrowings 30.14 94.72 75.18 55.71 38.98
Other N/C liabilities 1.1 16.12 113.81 167.42 163.39
Current liabilities 218.97 218.01 331.83 343.57 372.69
Total Liabilities 733.68 876.38 1342.14 1484.04 1606.08
Assets
Net Block 125.31 131.27 142.2 140.06 155.8
Capital WIP 1.64 6.22 4.89 5.17 8.33
Intangible WIP 2.39 2.39 0 0 0
Investments 204.86 280.68 470.09 467.04 532.42
Loans & Advances 10.48 23.61 115.49 174.71 193.93
Other N/C Assets 10.15 0.06 8.49 6.59 6.55
Current Assets 378.84 432.14 600.98 690.48 709.04
Total Assets 733.68 876.38 1342.14 1484.04 1606.08
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 9.72 5.08 6.43 6.93 4.88
Profit Before Tax 45.62 43.55 31.93 41.93 30.42
Tax 10.7 11 7.51 8.81 7.06
Profit After Tax 34.91 32.55 24.43 33.12 23.35
Adjusted EPS (Rs) 5.27 4.91 3.68 4.98 3.51

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 74.88 0
Sep 2023 74.88 0
Jun 2023 74.99 0
Mar 2023 79.1 0
Dec 2022 79.17 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 63.09 75.86 304.56 123.77 149.6
Adjustment 34.19 34.81 -154.18 3.85 22.63
Changes in Assets & Liabilities -31.75 16.77 9.01 -89.29 3.98
Tax Paid -11.38 -15.7 -27.82 -30.4 -32.36
Operating Cash Flow 54.15 111.74 131.56 7.93 143.84
Investing Cash Flow -55.6 -151.97 -66.62 -6.37 -118.91
Financing Cash Flow -34.47 45.17 -70.15 0.74 -23.66
Net Cash Flow -35.93 4.95 -5.21 2.3 1.27
X