Tega Industries has filed DRHP with SEBI to raise around Rs. 700 – 750 crores via an initial public offer. As per its DRHP, the IPO will comprise an offer for sale (OFS) of a maximum of 13,669,478 equity shares by promoters and existing shareholders. Madan Mohan Mohanka, Manish Mohanka, and Wagner Limited will be leaving their stake. Note that there will not be any fresh issuance of shares.
Here, we’ll be looking into more crucial details in relation to the initial share sale of this company. But first, let’s take a quick glance at Tega Industries.
Based in Kolkata, Tega Industries provides tailor-made solutions to renowned clients in the field of mining, bulk material handling, and mineral beneficiation sectors. It engages in the production and distribution of long-lasting lining components that are utilised for grinding and sizing minerals, hydro-cyclones, and more.
Tega Industries plans to achieve the following objectives by going public:
Investors must make sure to keep these IPO-related details in mind:
Note that we’ll update these details once the company discloses the same.
The table shows what portion of the net issue has been reserved for different investor segments:
Investor Category | Portion Reserved |
Retail Investors | 35% |
Qualified institutional buyers | 50% |
Non institutional investors | 15% |
Besides checking these essential details, it is crucial for investors to have an idea regarding the financial position of Tega Industries before applying for its IPO.
Here are some key financial highlights of Tega Industries:
Financial Year | Total Assets (in million) | Total Income (in million) | Total Expenses (in million) | Net Profit After Tax (in million) |
2020-21 | Rs. 10,183.39 | Rs. 8,566.84 | Rs. 6,755.00 | Rs. 1,364.05 |
2019-20 | Rs. 8,873.15 | Rs. 6,955.42 | Rs. 6,381.08 | Rs. 655.04 |
2018-19 | Rs. 7,902.68 | Rs. 6,430.13 | Rs. 5,983.67 | Rs. 326.70 |
Considering this company’s impressive product portfolio and stellar earnings growth, the outlook appears to be quite favourable. Thus, investors may consider subscribing to its upcoming IPO. That said, they must make sure to look at all related details before subscribing. Also, visit this page to stay updated with the upcoming IPOs.
The book running lead managers to Tega Industries’ public issue are JM Financial and Axis Capital.
Individuals can apply for this IPO by starting a web trading account with Angel One. However, existing customers can use their account to place the IPO order once the public issue opens for subscription.
Link Intime India Private Limited will be the registrar for this forthcoming initial public offering.
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