Tega Industries Ltd. | Anand Rathi Wealth IPO | Apply or Avoid

Tega Industries Ltd. :

The Kolkata – based Tega Industries was established in 1976. It’s a leading manufacturer and distributor of mineral beneficiation, mining, and bulk solids handling industry and the company has a wide portfolio of many products. Based on 2020 revenues, the company is the second-largest manufacturer of polymer-based mill liners all over the world. 

Tega industries started with the help of Skega AB (a Swedish firm), But in the year 2001 promotors Mr. Madan Mohan have purchase the shareholdings of Skega AB. 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 Tega industries have more than 55 mineral processing and material handling products. The Tega Industries have three manufacturing sites in India, at Dahej in Gujarat, Samali, and Kalyani in West Bengal. And the major mining sites across India are Chile, South Africa, and Australia, with a total built-up area of 74255 Sq. meter. 

The company has a presence in 513, 498, and 479 installation sites in over 70 countries. The 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. In the year 2021, the income of the company is INR 805 crore and the revenue is INR 136 crores. And the year 2020 the income of the company is INR 685 crore and the revenue of the company is INR 65.5 crore.

Tega Industries IPO Details:

There is another opportunity to earn money through IPO for investment. Tega Industries, a company that manufactures goods for the mining industry, is going to open on 1st December 2021. The company is purely offered for sale 1, 36, 69,478 equity shares by the promoters and an existing shareholder. Mr. Madan Mohan Mohanka will offload up to 33.14 lakh equity shares and Manish Mohanka will sell the 6.63 lakh equity shares of this company.

IPO Opening Date: 1^st Dec 2021

IPO Closing Date: 3^rd Dec 2021

Issue Type: Book Built Issue IPO

Face Value: INR 10 /Equity share

IPO Price: INR 443- INR 453/Equity share

Market Lot: 33 Shares

Min Order Qty.: 33 Shares

Listing At: Both BSE, and NSE

Issue Size: 13,669,478 Equity Shares of INR 10 (aggregating up to INR 619.23 Cr)

Basis of Allotment Date: 8^th Dec 2021

Initiation of Refunds: 9^th Dec 2021

The credit of Shares to Demat Account: 10^th Dec 2021

 IPO Listing Date:  13^th Dec 2021

Here How to Check Share Allotment Online:

The allotment can be checked on the BSE Website.

 Select equity share (Tega Industries Ltd.)

 Enter application no. and PAN no.

 Finally check the box (I’m not a robot) and click on search.

Mr. Mehul Mohanka is a very good vision for company growth and makes the Indian company to MNC company. The company has a good valuation and they want to create value for retail shareholders. The market experts advise that the investors should invest or bid in this IPO for big listing gain, and shareholders of Tega Industries can hold the shares for long-term gain also.

Tarsons product has listed at NSE and BSE both with INR 700 at a premium of 5.74%, while the issue price of its share was INR 662. At the same time, during trading, there was an upper circuit of 20% in the stock. The share closed at INR 870. That is, on the first day, investors got a profit of more than 30%. Tarsons product listing went as expected. The listing of Tega Industries could also be similar.

Anand Rathi Wealth IPO :

Anand Rathi Wealth will be the 56th IPO in 2021. It is one of the non-banking wealth solutions firms in India. The firm has been ranked top three non-bank mutual fund distributors in India. Anand Rathi Wealth offers a wide portfolio of wealth solutions, Financial product distribution & technology solutions to his clients. 

The firm has achieved a dominant position in the distribution of financial products with a focus on the growing HNI (High Networth Individuals) segment, the presence of the company across 11 cities in India, and a representative office in Dubai.

The IPO is completely offered for sale of 1.2 crore equity shares by existing shareholders and promoters. Anand Rathi Financial Services, Anand Rathi, Pradeep Gupta, Amit Rathi, Priti Gupta, Supriya Rathi, Rawal Family Trust act through Rakesh Rawal, Jugal Mantri, and Feroze Azeez as per company statement.

Anand Rathi Wealth valuations: 

The IPO Details of Anand Rathi:

The employees of Anand Rathi will get these shares at a discount of INR 25 to the final issue price. The IPO will bring in the company INR 660 crore at the upper price band. The investors can bid a minimum of 27 equity shares and multiples of 27 equity shares thereafter. The retail investors can invest a minimum of INR 14,850 for one lot and a maximum investment of INR 1,93,050 for 13 lots. The public issue closed on 6th December and the share allotment will be finalized on 9th December. 

Please find the complete details of IPO below:

 

IPO Opening Date – 2nd December 2021

 

IPO Closing Date – 6th December 2021

 

Issue Type – Book Built Issue IPO

 

Face Value – INR 5 per Equity Share

 

IPO Price - INR 530 - INR 550 per Equity Share

 

Market Lot – 27 Shares

 

Minimum Order Qty. – 27 Shares

 

Listing – IPO listed on both BSE and NSE

 

Issue Size – Up to INR 600.00 Crore

 

Offer for Sale – 1.2 Crore per Equity Share of INR 5.0

 

Allotment Date – 9th December 2021

 

Initiation of Refund – 10th December

 

A credit of Shares – 13th December in your Demat account

 

Listing Date – 14th December 2021 

 

Here How to Check Share Allotment Online:

 

The allotment can be checked on the BSE Website.

 Select equity share (Anand Rathi Wealth Limited.)

 Enter application no. and PAN no.

 Finally check the box (I’m not a robot) and click on search.

 

The fund will be refunded to unsuccessful investors on the 10th of December. The equity shares will be credited o the Demat accounts of the eligible investors on the 13th of December. The equity shares of Anand Rathi Wealth debut on BSE as well NSE on 14th December 56th listing in 2021. According to the market, experts the investors should be invested or bid in this IPO for listing gain. The shareholders can hold the share for long-term gain from Anand Rathi Wealth IPO.