Tega Industries Limited IPO GMP, Lot Size, Share Price

Tega Industries Limited IPO GMP, Lot Size, Share Price will be discussed here. Tega Industries IPO (Initial Public Offering) began accepting bids today and will stay available until December 3, 2021. Within an hour, the issue had completely sold out. Tega Industries’ IPO has been subscribed 1.5 times as of 11:52 a.m., with the retail part having been subscribed almost three times.

Tega Industries Limited IPO GMP

The business hopes to raise Rs. 619.23 crore from this bookbuild offering. The public offering is completely OFS (Offer for Sale). Tega Industries shares have been accessible for trading ahead of the subscription opening, as predicted. Tega Industries shares are now selling at a premium of 385 on the grey market, according to market experts.

Tega Industries’ Initial Public Offering (IPO) GMP – Tega Industries’ IPO grey market premium (GMP) today is 385, up 5 from yesterday’s GMP of 380, according to market watchers. The surge in GMP of the public issue before of subscription opening, according to market watchers, is surprising given the current unfavorable stock market attitude. According to them, the performance of Tega Industries shares on the grey market may have an influence on the IPO’s subscription, since some IPO investors take GMP extremely seriously.

Tega Industries Share Price

Tega Industries Limited IPO

Price range for Tega Industries IPO: The company’s management has set the price range for its public offering at $443 to $453 per equity share. – Tega Industries IPO size: The public offering is entirely OFS (Offer for Sale), with the business aiming to raise Rs. 619.23 crore.

– Tega Industries limited IPO lot size: Bidders will be able to apply in lots for this public offering, with each lot containing 33 shares of the firm. A single bidder may apply for a maximum of 13 lots. – Tega Industries IPO investment limit: Because a bidder may apply for a minimum of one lot and a maximum of thirteen lots, the public issue’s minimum investment is $14,949

Competitive advantages:

One of the major manufacturers of polymer-based mill liners in the world.

Products appeal to after-market spending, which generates recurrent income.

R&D and production skills in-house, as well as a significant emphasis on quality control

Strong worldwide production and sales capabilities, as well as a global client base

Market expansion and operational efficiency on a consistent basis

A seasoned executive team is backed up by a vast and diverse staff.

Important information:

The second-largest manufacturer of polymer-based mill liners (Year 2020).

Leading provider of specialised, essential, and reoccurring consumables.

Profit growth year over year, along with a rise in revenue.

There has a strong presence in roughly 70 nations throughout the globe.

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 increased by 108 percent to Rs 136.41 crore in FY21. In FY20, the net profit was Rs 65.5 crore, while in FY21, it was Rs 32.67 crore. For the first quarter of FY22, which concluded on June 30, 2021, the firm made a net profit of Rs 11.88 crore on a turnover of Rs 179.39 crore. In FY21, consolidated revenue grew by 23% year on year to Rs 856.68 crore. In FY20, revenue was Rs 695.54 crore. The total income for the fiscal 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 logistic and support service providers, and any disruptions in their services, such as transportation services, or a decrease in the quality of their services, could have a negative impact on the company’s business, financial condition, and operating results. It has worldwide production, sales, and operations, making it vulnerable to the dangers of doing business in other nations. According to researchers, having a small number of critical raw material suppliers might be problematic in the long term.

On December 1, the grey market premium on Tega Industries’ stock jumped to Rs 370.

Tega Industries IPO Price Today 2021

Should you subscribe to Tega Industries’ Initial Public Offering?

“We think the firm is well positioned throughout the mineral processing value chain since it offers a diverse variety of products and solutions that are crucial at various stages of the process.” Furthermore, the company’s leading position, robust R&D, track record of producing novel product portfolios, and prestigious worldwide clients are all major pluses. Long-term, the firm wants 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, increase its product range, and look into inorganic development prospects. The company’s financial performance has been robust, with revenue/PAT growing at a CAGR of 13%/104 percent between FY19 and FY21, and the growth trend is likely to continue going ahead. Religare Broking said in a note, “From a long-term perspective, we have a bullish outlook on the firm.”

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