The Tega Industries Limited IPO GMP, lot size, share price will be discussed here. The IPO (Initial Public Offering) of Tega Industries started accepting bids today and will be available till December 3, 2021. Within an hour, the issue was completely sold out. Tega Industries IPO has been subscribed 1.5 times till 11:52 am, the retail part has been subscribed almost three times.
Tega Industries Limited IPO GMP
The business expects to raise Rs.619.23 crore from this bookbuild offering. The Public Offering is purely OFS (Offer for Sale). Shares of Tega Industries As anticipated, subscriptions have become accessible for trading before the opening. According to market experts, shares of Tega Industries are now selling at a premium of 385 in the gray market.
According to market watchers, Tega Industries Initial Public Offering (IPO) GMP – The Gray Market Premium (GMP) of Tega Industries IPO today stands at 385, which is 5% higher than yesterday’s GMP of 380. According to market watchers, the jump in GMP of public issues ahead of subscription opening is surprising considering the current unfavorable stock market sentiment. According to him, the performance of Tega Industries shares on the gray market could have an impact on IPO membership, as some IPO investors take GMPs extremely seriously.
Price Range for Tega Industries IPO: The company’s management has set a price range for its public offering at $443 to $453 per equity share. Tega Industries IPO Size: The public offering is purely OFS (Offer for Sale), with the business target of Rs. 619.23 crores.
Tega Industries Limited IPO Lot Size: Bidders will be able to apply for this public offering in lots, with 33 shares of the firm in each lot. A single bidder can apply for a maximum of 13 lots. – Tega Industries IPO Investment Limit: Because a bidder can apply for a minimum of one lot and a maximum of thirteen lots, the minimum investment for a public issue is $14,949
One of the leading manufacturers of polymer-based mill liners in the world.
Products appeal to aftermarket spending, which generates recurrent income.
R&D and production skills in-house, as well as significant emphasis on quality control
Strong production and sales capabilities around the world as well as a global customer base
Market expansion and operational efficiency on a consistent basis
An experienced executive team is backed by a vast and diverse staff.
Second largest manufacturer of polymer-based mill liners (Year 2020).
A leading provider of specialty, essential, and recyclable consumables.
Revenue growth as well as profit growth year over year.
It has a strong presence in around 70 countries across the world.
In North America, South America, Australia and South Africa, they are expanding their footprint.
AIA Engineering is a peer group.
Tega Industries IPO Allotment Date 2021
Tega Industries Limited net profit jumped 108 per cent to Rs 136.41 crore in FY11. In FY20, the net profit stood at Rs 65.5 crore, as against Rs 32.67 crore in FY21. For the first quarter of FY 2012, which ended on June 30, 2021, the firm posted a net profit of Rs 11.88 crore on a turnover of Rs 179.39 crore. In FY21, consolidated revenue grew 23% year-on-year to Rs 856.68 crore. In FY20, the revenue stood at Rs 695.54 crore. The total income for the financial year 2019 was Rs 643.01 crore.
Tega Industries Lot Size 2021
For the delivery of raw materials and finished products, the Company relies on third-party logistics and support service providers, and any disruption to their services, such as transportation services, or a reduction in the quality of their services, may have a negative impact. on the Company’s business, financial position and operating results. It has production, sales and operations around the world, which makes it vulnerable to the dangers of doing business in other countries. According to the researchers, a small number of suppliers of critical raw materials could be problematic in the long term.
The gray market premium on the Tega Industries stock increased to Rs 370 on December 1.
Tega Industries IPO Price Today 2021
Should You Subscribe to Tega Industries’ Initial Public Offering?
“We think the firm is well positioned in the mineral processing value chain as it offers a wide variety of products and solutions that are important at different stages of the process.” In addition, the company’s leading position, strong R&D, track record of creating novel product portfolios, and prestigious clients across the globe are all major pluses. For the long term, the firm is looking to expand its market share and penetration in North America, South America, Australia and South Africa.
It also intends to expand its production facility in Chile, expand its product range and look at inorganic growth prospects. With the growth of Revenue/PAT at a CAGR of 13%/104 per cent between FY19 and FY2011, the financial performance of the Company has been strong, and the growth trend is likely to continue further. “From a longer term perspective, we have a bullish outlook on the firm,” Religare Broking said in a note.