Tega Industries Limited IPO Message Board (Page 1)

Happy new year

The recent listings have proved that one can easily wait for couple of days for fresh buys in IPOs and those who are allotted should not waste time and sell immediately on seeing a good pop up. Actually the GMPs floated around do not reflect the real intrinsic value of stocks. Everyone fails in predicting GMPs accurately for most of the IPOs.

Hi

Hi

Trading Buy

TEGA at 615 to 620
Stoploss 590
Target 655 / 690

Only trading buy 623 now.

Is Tega industries is a good portfolio buy at current level around 600?
Dear experts, please suggest.

I bought this Tega Scrip yesterday, I''m so surprised it went 7% negative today. Can someone guide me here, is there any chance for this scrip to pickup the pace by this week or next week ?

Thank you Lokes, Vmaru and DSR. I Will sell this scrip today!

I am a Long term investor and due to good fundamentals, I am buying Tega on dip in small quantities.

Based on FY21 earnings, the asking price is at a PE of 22.01 whereas on annualized FY22 earnings, the asking price is at a PE of 63.18. TTE PE is pretty good but the Forward PE is very high because Jun-21 Qtr Earning is just around 11.88 Crore. But Tega''s business is seasonal and most earnings of this company happens in the last Qtr. So even though Tega may seem expensive right now, based on FY22-Q1 earnings it will be okay by the end of FY22.

I like the almost 50% growth in Profit After Tax of this company but I don''t know how long it will continue like this=>
31-Mar-19 -> 31-Mar-20->31-Mar-21
32.67 Cr -> 65.50 Cr -> 136.40 Cr

I am eager to see Tega''s Qtr-4 earnings this year.

The current price drop of Tega is 20% since listing which is huge but volumes are quite low. For e.g. yesterday''s trading volume was just 1.18% of free float which in turn is at the most 21% of entire stock.

Current fall, apart from poor market conditions could be attributed to Loss Booking by Funded HNIs as the CMP has gone below HNI cost + IPO Price.

Its unbelieveable that an IPO that had 215x qib subscription is falling more than 15% from its opening price. For those looking at qib participation and investing in IPOs, think again. Looks extremely bearish, whether this is a good pick at these levels remains questionable for now. Strange how things change in a week.

*IPO Listing Update:*

Company: *Tega Industries Limited*

Listing Date: *Monday, Dec 13 2021*

Symbol: *TEGA*

BSE Script Code: *543413*

ISIN No.: *INE011K01018*

Exchange: *BSE & NSE*

Issue Price: *Rs. 453/- per share*

Min. Bid Lot: *33 Shares*

Listing pe partial profit jarooor boook krna.

Shyam Metalics, Trason now Tega GMP rocks listing shocks.

@asoke you can tell us dont mislead but in market some people are talking this since tarson with less noise. So how you gonna stop them. And what they are talking that reflecting on Screen. Screen is King.

The company has 6 manufacturing sites, including 3 in India, at Dahej in Gujarat, and at Samali and Kalyani in West Bengal, and 3 sites in major mining hubs of Chile, South Africa, and Australia.

Not my info but info updated my chittorgarh forum.

Dear Retailers....
Who Got Allotment....
Do Not Put Sell Order At 9.45am.
Look At The Opening Value...If It Is 770(10rs+/-)rs or Even Above 800. Then Instead of Put Sell Order Put Buy Order With 16-18% More Price Than The Open Price And Wait. If Even 60% of The Total Retailers Do So...Then More Chance It Can Easily Move Up At Least 10% More Than The Open Price In 1st 5 Minutues.

From There, Think For Selling If So... And Slowly Cancel The Buy Orders If Its Moving More Up.

I Beleive Operators Trying To Pull It Down To Enter At Lower Price..
With A Fear Of OMICRON & South Afrca(As Tega Has Expansion Plan In S.Africa) And Offcourse GMP Is Down Becoz Of Ongoing OMICRON Fear In EUROPE And Other Parts In The World. As Tega Has Many International Clients.

Lowerside Between (630 - 585)rs My Accumation Area In Case of Any Big Fall.
(1060 - 1260 - 1440)rs My Targets Buy (Dec 2021 - March 2022 - June 2022).

**My Personal View.

BROKER REJECT THE ORDER PLACED BETWEEN 9.45 TO 10 AM .
only after 10 you can place order.
account with 2 broker same issue.
pl suggest how to proceed
tks

@Retail - You may have to place a GTT if you are placing before 10Am for an IPO scrip

Please clear it to me...
Free float in Tega is 68 lakhs shares approximately. And today''s nse+bse delivery is 65 lakhs shares approximately. For 14th December only 3 lakhs shares are available for delivery because today''s 65 lakhs shares delivery will be in T+1.
So there should be supply cruch on 14th December?
Am I calculating right?

Absolutely wrong.
Who said you that those bought on 13th can''t be sold on 14th.
No block deal too happened so counter seems to be in weak and may slip till 600.

Got 1 lot, holding it for long term.

Good

Hi Vijay,

Have you applied thru ASBA or UPI ?
Which bank ?

hey guys, i havent received my refund in my account, bank is telling my money was not captured for blocking the allotment but bank statement showing debit of 1 lot shares ..?? any suggestions

Plz reply
Tega LTP sHowing 1640 in Zerodha kite. What is the meaning of this ?

@Cautious
May be Sir 😄

Error. Noticed it on upstox as well before 9.45 am

HELP.
I didn''t receive the allotment yet my money is still blocked. Bank is PSB I used Gpay for mandate. Please tell me what should I do.

@SaimA- Don''t worry, It will be done in few days automatically. Note- Every UPI IPO mandate request has validity date which you choose at the time of accepting the request. In case the funds are not unblocked after allotment, the funds get unblocked automatically when the validity expires. Usually banks keep 12 days validity.

Thanks!

I see only sample allotment basis in the link. Where can I see full allotment basis for Tega?

It''s the same link I am referring to. It has only a sample of BoA. Not the full BoA list.

full allotment list nahi milta... you can mail the company secretary or linkintime, but very unlikely that they will revert... Still try!

People who say it is good listing ..... no not a good listing it should be listed near 850 to 900 but not. It listing at 760 by the time of tega ipo nifty was 17000 around. Then rally of almost 600pts markets were favorable. Still gmp was day by day falling. When many ipos are open at one time it affects listing in most demanded ipos. So I see same thing to happen in map my india and data pattern. But they will list far better than tega.

100% Agree, for that matter, Gocolors did an excellent job when market was falling like crazy

Its a BAD listing for Funded HNIs
Its a GOOD listing for everybody else.
Case Closed !

I think Gocolors has given an excellent listing in the recent lot of IPOs provided the fact that Market was falling like knife and subscription figure was nowhere near to Tega.
This is an OKish listing I would say in terms of market condition and subscription.

Side note:

Bought Sigachi last Friday..today 8%up..adding more.

Kellton tech ..looking good breakout

Exited completely..not trust in WB companiee..