Ticker > IPO > New Listed IPO > Tega Industries Ltd.

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
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DRHP
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Open Date

2021-12-01

Close Date

2021-12-03

IPO Details

Check out the issue details for Tega Industries Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 453

Price Band

₹ 443 - 453

Issue Size

619.23 Cr.

Issue Type

Book Built

Open

2021-12-01

Close

2021-12-03

Listingprice

₹ 760

ListingGain

67.77%

Listing Date

2021-12-13

CMP

₹ 1439.8

Current Return

217.84%

News

Tega Industries - Quaterly Results9 Feb, 2:04PM Tega Industries - Quaterly Results9 Feb, 2:04PM Tega Industries - Quaterly Results9 Feb, 2:04PM Tega Industries’ arm incorporates step down subsidiary25 Jan, 9:30AM Tega Industries informs about certificate6 Jan, 10:53AM Tega Industries submits analyst meet intimation6 Dec, 4:12PM Tega Industries informs about analyst meet20 Nov, 4:54PM Tega Industries informs about earnings call transcript17 Nov, 12:28PM Tega Industries - Quaterly Results9 Nov, 1:51PM Tega Industries - Quaterly Results9 Nov, 1:51PM Tega Industries - Quaterly Results9 Nov, 1:51PM Tega Industries submits analyst meet intimation30 Oct, 12:38PM Tega Industries informs about analyst meet21 Aug, 2:17PM Tega Industries informs about outcome of board meeting 11 Aug, 5:13PM Tega Industries - Quaterly Results11 Aug, 4:05PM Tega Industries - Quaterly Results11 Aug, 4:05PM Tega Industries - Quaterly Results11 Aug, 4:05PM Tega Industries’ arm inks agreement with largest copper mine in Europe11 Aug, 2:59PM Tega Industries informs about allotment of ESOP / ESPS8 Jul, 10:51AM Tega Industries informs about disclosure16 Jun, 5:08PM

Company Financials

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

Company Name

Tega Industries Ltd.

Exchange

NSE: TEGA BSE: 543413

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

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 94.6 120.19 113.81 167.42 163.39
Current liabilities 338 312.4 331.83 343.57 372.69
Total Liabilities 946.21 1074.84 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 105.08 117.49 115.49 174.71 193.93
Other N/C Assets 9.05 10.25 8.49 6.59 6.55
Current Assets 497.87 526.52 600.98 690.48 709.04
Total Assets 946.21 1074.84 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
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