Bookbuilding IPO | ₹619 Cr | Listed at BSE, NSE | Wed, Dec 1, 2021 - Fri, Dec 3, 2021
Tega Industries IPO is a book build issue of ₹619.23 crores. The issue is entirely an offer for sale of 1.37 crore shares of ₹619.23 crore.
Tega Industries IPO bidding started from Dec 1, 2021 and ended on Dec 3, 2021. The allotment for Tega Industries IPO was finalized on Dec 8, 2021. The shares got listed on BSE, NSE on Dec 13, 2021.
Tega Industries IPO price band is set at ₹453 per share. The lot size for an application is 33. The minimum amount of investment required by an retail is ₹14,949 (33 shares) (based on upper price). The lot size investment for sNII is 14 lots (462 shares), amounting to ₹2,09,286, and for bNII, it is 67 lots (2,211 shares), amounting to ₹10,01,583.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Tega Industries IPO RHP for detailed Information.
IPO Open
Wed, Dec 1, 2021
IPO Close
Fri, Dec 3, 2021
Issue Price
₹453 per share
Market Cap (Pre-IPO)
₹3,003.08 Cr
| IPO Date | 1 to 3 Dec, 2021 |
| Listed on | Mon, Dec 13, 2021 |
| Face Value | ₹10 per share |
| Price Band | ₹443 to ₹453 |
| Issue Price | ₹453 per share |
| Lot Size | 33 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,36,69,478 shares (agg. up to ₹619 Cr) |
| Offer for Sale | 1,36,69,478 shares of ₹10 (agg. up to ₹619 Cr) |
| Share Holding Pre Issue | 6,62,93,149 shares |
| Share Holding Post Issue | 6,62,93,149 shares |
| BSE Script Code / NSE Symbol | 543413 / TEGA |
| ISIN | INE011K01018 |
Tega Industries IPO comprises a total issue size of 1,36,69,478 shares. Out of which, 68,34,738 (50.00%) are allocated to QIB, 20,50,422 (15.00%) allocated to NII 47,84,318 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 68,34,738 | 50.00% | NA |
| − Anchor Investor Shares Offered | 41,00,842 | 30.00% | NA |
| − QIB (Ex. Anchor) Shares Offered | 27,33,896 | 20.00% | NA |
| NII (HNI) Shares Offered | 20,50,422 | 15.00% | NA |
| Retail Shares Offered | 47,84,318 | 35.00% | 1,44,979 |
| Total Shares Offered | 1,36,69,478 | 100.00% |
Investors can bid for a minimum of 33 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,949 |
| Retail (Max) | 13 | 429 | ₹1,94,337 |
| S-HNI (Min) | 14 | 462 | ₹2,09,286 |
| S-HNI (Max) | 66 | 2,178 | ₹9,86,634 |
| B-HNI (Min) | 67 | 2,211 | ₹10,01,583 |
Tega Industries IPO raises ₹185.77 crore from anchor investors. Tega Industries IPO Anchor bid date is November 30, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Nov 30, 2021 |
| Shares Offered | 41,00,842 |
| Anchor Portion (₹ Cr.) | 185.77 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 7, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 8, 2022 |
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.
Competitive strengths:
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of 13,669,478*Equity Shares |
The Tega Industries IPO is subscribed 219.04 times on December 3, 2021 5:00:00 PM (Day 3). The public issue subscribed 29.44 times in the retail category, 215.45 times in the QIB category, and 666.19 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 215.45 | 27,33,896 | 58,90,17,198 |
| NII | 666.19 | 20,50,422 | 1,36,59,78,966 |
| Retail | 29.44 | 47,84,318 | 14,08,73,436 |
| Total | 219.04 | 95,68,636 | 2,09,58,69,600 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 14.63 |
| 2 | Advertising and marketing expenses | 3.00 |
| 3 | Fees payable to the Registrar to the Offer | 0.63 |
| 4 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage, underwriting commission and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDP | 9.86 |
| 5 | Printing and distribution of issue stationery | 1.56 |
| 6 | Listingfees, SEBI, BSE and NSE processing feesand Book building software fees | 3.10 |
| 7 | Other regulatory expenses | 1.52 |
| 8 | Fees payable to legal counsels | 2.72 |
| 9 | Fees payable to Advisors to the Offer including Auditors | 6.64 |
| 10 | Miscellaneous | 1.22 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹453.00 | ₹453.00 |
| Open | ₹753.00 | ₹760.00 |
| Low | ₹711.50 | ₹712.25 |
| High | ₹767.10 | ₹767.70 |
| Last Trade | ₹725.50 | ₹726.05 |
Lead Manager Reports
Tega Industries IPO is a main-board IPO of 1,36,69,478 equity shares of the face value of ₹10 aggregating up to ₹619 Crores. The issue is priced at ₹453 per share. The minimum order quantity is 33.
The IPO opens on Wed, Dec 1, 2021, and closes on Fri, Dec 3, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Tega Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Tega Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tega Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tega Industries IPO opens on Wed, Dec 1, 2021 and closes on Fri, Dec 3, 2021.
Tega Industries IPO lot size is 33, and the minimum amount required for application is ₹14,949.
You can apply in Tega Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Tega Industries IPO will be done on Wednesday, December 8, 2021, and the allotted shares will be credited to your demat account by Fri, Dec 10, 2021. Check the Tega Industries IPO allotment status.
The Tega Industries IPO listing date is on Mon, Dec 13, 2021.
