Tega Industries IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

The Tega Industries IPO will hit the market soon, and you can apply for the IPO from 1st December to 3rd December 2021. Tega Industries is planning to raise ₹619.23 Crores through an IPO which consists of an OFS (Offer For Sale) of ₹619.23 Crores by existing shareholders.

Tega Industries is a manufacturer of specialized, critical, and recurring consumable products for the mining and bulk solids handling industry. Tega Industries is the 2nd largest producer of polymer-based mill miners. Their product portfolio consists of more than 50 mineral processing and material handling products. They have 3 manufacturing plants in India and 3 manufacturing plants in Chile, Australia, and South Africa. 

Tega Industries IPO Dates & Price Band:

Open date1st December 2021
Close date3rd December 2021
Total Size of IPO₹619.23 Cr.
Fresh Issue 0
Offer for Sale₹619.23 Cr.
Price Band₹443- 453
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Tega Industries IPO Market Lot:

The minimum market lot of Tega Industries IPO is 33 shares with 14,949 applications. Retail investors can apply for 429 lots with 208 shares application worth 194,337.

ApplicationLotSharesCut Off Amount
Minimum (RII)13314,949
Maximum (NII)13429194,337

Objectives of Offer- 

  • Achieve benefits of listing gains.

Should you subscribe to Tega Industries IPO?

We have researched and mentioned the strengths and risks of the Tega Industries IPO. The final verdict will help you make the right decision.

Strength – 

  • 2nd largest producer of polymer based mill miners globally. 
  • Inhouse R&D focused on building innovative products. 
  • Strong profits with growing revenue.
  • Solid Promoter holding of 79.17% (post issue).

Risks

  • Rely on a few major players for raw materials.

Honest Reviews – 

Analyzing the financials of Tega Industries, we conclude that they are market leaders in the field of specialized products for the mining and bulk solids handling industry. The only listed competitor to them is AIA Engineering. Continuous YOY growth in profits and revenue gives confidence to investors. We would recommend applying for the Tega Industries IPO. 

Investors can invest for the listing gains in the Tega Industries IPO. It’s early to predict but Tega Industries IPO can give great listing gains. You can keep a track of Tega Industries IPO GMP here.

Tega Industries IPO Allotment & Listing Dates:

Tega Industries IPO’s open date is 1st November and the closing date is 3rd December. Allotment of shares will be done on 8th December and the listing date on NSE & BSE is 13th December 2021.

Allotment Date for Tega Industries – 8th December 2021
Refund Date for Tega Industries – 9th December 2021
Credit of Shares to Demat Account – 10th December 2021
Listing Date for Tega Industries – 13th December 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Tega Industries IPO:

The financials of Tega Industries are good. From 2019 the revenue numbers are increasing constantly. Net income is also increasing slightly. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201979064432.45
2020 88769565.12
2021 1018857136.76

Tega Industries IPO Registrar

Link Intime India Private limited-101,
1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083, Maharashtra,
IndiaTelephone: +91 22 4918 6000
E-mail: [email protected]

Company Address

Tega Industries Limited
147, Block-G, New Alipore,
Kolkata 700 053,
West Bengal, India
Phone: +91 33 3001 9000
Email: [email protected]

Tega Industries IPO FAQs –


When will Tega Industries IPO open for Investors?

Tega Industries IPO will open on 1st November 2021 and will close on 3rd December 2021.

What is Tega Industries IPO Retail Portion?

The portion allocated for retail investors in Tega Industries IPO is 35%

How to apply for Tega Industries IPO?

You can apply Tega Industries IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Tega Industries IPO?

Analyzing the financials of Tega Industries, we conclude that they are market leaders in the field of specialized products for the mining and bulk solids handling industry. The only listed competitor to them is AIA Engineering. Continuous YOY growth in profits and revenue gives confidence to investors. We would recommend applying for the Tega Industries IPO. 

What is the allotment date for Tega Industries shares?

8th December 2021 is the allotment date for Tega Industries shares.

What is the listing date for Tega Industries IPO?

13th December 2021 is the listing date for Tega Industries. It will be listed on NSE and BSE.

What is the cutoff price for Tega Industries IPO?

The cutoff price for Tega Industries IPO is ₹453 per share.

Will Tega Industries IPO give listing gains?

Investors can invest for the listing gains in the Tega Industries IPO. It’s early to predict but Tega Industries IPO can give great listing gains by seeing its grey market premium. You can keep a track of  Tega Industries IPO GMP here.

How to Apply the Tega Industries IPO through Upstox?

Open UPSTOX ACCOUNT. Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Tega Industries Finance”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate.

Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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