Tega Industries Limited IPO Overview, Subscription and Listing Gain Explained
Tega Industries is in news because of the company IPO, which has been subscribed 29.44 times by retail investors. This tells us the demand of the Tega industries IPO in the market. The QIB has subscribed 245 times, and NII has subscribed 666 times. All this demand has boosted up the GMP of the Tega Industries in the market. Currently, the grey market premium of Tega is 450 rupees.
For those who don't know about the Tega industries IPO, it is going to list on the exchange on the 13th of December. Tega industries were formed in 1976 and this company is specialized in critical and recurring consumable products for the global mineral beneficiation mining and bulk solids handling industry. Tega Industries is the second-largest polymer-based mill liner globally. The Company currently deals in 55 mineral processing and material handling products, also the company has 6 manufacturing units. The 3 of them are in India, they are in Dahej, Samali, and Kalyan. The other 3 are in Chile, South Africa, and Australia. Tega Industries is looking forward to expanding in North and South America.
Promoters Of Taga Industries
Tega Industries is owned by the Mohanka Family. The current promoters of the company are Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka, and Nihal Fiscal Service Pvt Ltd. This company's main source of revenue is in India. Their main market is India, they get 86.42 % of their revenue from India only.
IPO Details
The company IPO was closed on 3rd December for the IPO subscription. Now it will get listed on 13th December. People who applied for the IPO, they can check their allotment status on 8th December. IPO Status can be checked either on BSE website or Linktime website. The price band of the company is 443 rupees to 453. The IPO size of Tega industries is 619 crore. The offer for sale is of 1,36,69478 shares with 10 Rs face value. Tega industries are offering 50% to QIB, 15% to NII, and 35% to retailers.
[ads id="ads1"]
Financial Details Of Tega Industries
Tega Industries has shown really good financial results in the past few years. Revenue and profit have consistently increased over the years and that is the basics for any investor to look for. Take a look at the table below showing the good results of tega industries.
|
|
June 2021 |
March 2021 |
March 2020 |
March 2019 |
|
Revenue |
179.38 |
857 |
696 |
643 |
|
Expense |
- |
676 |
638 |
598 |
|
P&L |
11.88 |
136.41 |
65.50 |
32.67 |
Note - All figures written in the chart are in Crores and Rupees.
GMP Of Tega Industries
GMP of Tega industries is 450 Rs. This tells, that we can witness a strong listing. Apart from the GMP company has shown positive results which have motivated investors and there is a huge demand for the stock in the market now. The price of the stock in IPO is 453 and we are seeing 450 GMP then clearly means we can witness almost a 100% STLG here. One has to keep an eye on the GMP of stock till the stock finally gets listed on the exchange. As of now, we can anticipate a strong listing of the Tega Industries Stock.
Read about the Most important candlestic pattern in the chart reading.