Tega Industries Limited IPO Message Board (Page 26)

Any calculations on expected HNI O/S figures. With 7X o/s on day 2 @1pm the o/s figure may be really high. 600+ may be??

People who are thinking to apply 200 lots or less should skip this ipo, instead apply in Anand Rathi as AR will give decent gains and subscription in HNI will be around 100.Simple calculation .

will tega funds be used in rategain?

It depends upon banks unblock the amount

Latest GMP

Star Health 7
Tega Industries 410
Anand Rathi 130
Rategain 100

Tega Industries - For those who care beyond the GMP (based on FY21 consolidated financials & post-money (top end of the price band)):

Tax Adj. RoCE (%): 19.2%
RoE (%): 21.6%

Implied M-Cap: ~INR 30 bn
EV / Revenue (X): 3.7x
EV / EBITDA (X): 15.5x
P / E (X): 22.0x

A direct play on the global capex/recovery cycle - essentially a cyclical. Great/steady business, with good return ratios and a good cash flow profile. Company is net cash as of Jun''21 balance sheet and hence its entirely an OFS as the Company has enough internal cash flows/ability to leverage to fund any growth/capex. Quite well priced at 22x FY21 PE and can''t expect cheaper than this though for cyclicals its coming at about the top of the profit cycle and hence that''s a bit of a worry for me. However, the management has done a good job of growth despite cyclical nature. Q1''FY22 financials were very weak and I''ve no visibility on Q2''FY22 financials (expect them to be posted at the earliest post listing on 13th December and must be watched out for) - any continued weakness in Q2 will suddenly make the current IPO pricing look very very expensive and this is the only strong red flag in my view, currently. But I''d assume that QIB''s would have been verbally given confidence/guidance on Q2''FY22 performance and so that should be reassuring. Post IPO, there will be further OFS by promoters/primary raise for any business needs to bring promoter shareholding to 75% or less. All in all a must apply in my view!

For HNI''s, will currently compete with Star Health, Anand Rathi Wealth (ARW) and Rategain Travel Tech (RTT) for funding - based on current scenario where Star Health maybe poorly received by HNI''s, ARW showing moderate strength (decent business from a financial group which has been named/pulled up in many probes by regulators), little pricing information being available about RTT but essentially being a travel/hospitality play which may suffer due to Omicron concern - this may see phenomenal HNI subscription and hence funded HNI''s need to tread with caution. (IMHO, extremely unlikely that Tega HNI funds will be available for RTT). Keep minting!

Thanks for very informative & detailed analysis. Though HNI application mainly revolves around GMP, subscription figures & FF interest/availability, I always fantasize I could read between lines in RHP & corporate balance sheet & understand various fundamental aspects.

@Always lucky ... 85% of the revenue of the company comes from operations outside India, so your point seems invalid......Q1 India was badly affected by Delta variant which then made its way to other countries from june-july. There is a slump in their business in Q1.

What are the interest rates for IPO funding from different brokers? iifl is giving at 8.5%. kindly tell about your broker.

Anyone using bank fixed deposits instead of savings account balance to apply in ipos?
or anyone aware of the process to use bank fixed deposits?

@NITEENIPO
At Kotak bank fd and saving account is to be linked on line or by visiting bank branch.
Aplicable for kotak bank account and demat account in stock holding or not?
Allow 100 percentage against linked fd or 90/75 percentage for ipo ASBA

@RK MAHESHWARI - Linking can be done online. After linking of you have Rs 100 in savings and Rs 1000 is linked FD, then your available balance is shown as Rs 1,100. You can use the entire 100% funds i.e. Rs 1,100 to bid in IPOs. You may have a demat account with any broker including Kotak.

Tega commenced operations with a foreign collaboration with Skega AB, Sweden in 1978. Over time, they have diversified their
capabilities by expanding their product portfolio and augmenting their technical capabilities. Starting from one manufacturing facility
in 1978, they have now grown to operate 6 manufacturing facilities across the globe.

@Admin You have added a good feature of GMP in site. Please consider adding one more column in chart. Listed price. That will make this chart Complete and more helpful. If possible Consider.

Dear Sir,
There is a green button (IPO GMP Performance Tracker) on top of the GMP page. That page provides with historic data. Pls check.

Tarson has almost made its bottom. Anyone wanting to make money can buy it now. I had purchased 200 shares of Sigachi yesterday @ 410 and that is up more than 10% today. There are ample opportunities in this market. Latent is still trying to find its bottom. We need some more patience. But its a tricky stock and its movement depends a lot on its results.

IPO Name      GMP      Kostak      Subject
Star Health
Rs 15      Rs -      Rs -
Tega Industries
Rs 410      Rs 550      Rs 10000
Anand Rathi Wealth
Rs 125      Rs 250      Rs 3000
Adani Wilmar
Rs 120      Rs -      

What is a kostak? could you tell me.

Per application rate

Agar application me allotment nahi mila to bhi kostak pe sale karne par utna amt mil hi jata he

@lokes,
As u know,I bought some miniscule quantity of Sigachi @495,but it came down drastically to 400 and only today I can sell as it came in my demat today only,should I exit or average, it would be huge % loss for me upon exiting,but I have to become long term investor now if I keep,I generally dont average losses in small and midcaps. So what do u suggest,actually I took revenge buy in sigachi as I was not alloted and paid this heavy price and penalty.
Thanks

@ultrasnow- Thanks, Brother. People are always happy to share their Profits and success stories and keep mum shut regarding loss. Post like that helps others a lot. Really like the word ''Revenge Buy''. Keep it up bro.

Expected today some reversal so bought further at 404 viewing volume few minutes, now hopping one upper circuit if any....

What is the minimum amount need to invest to get single lot in NII category?

It''s depends on hni subscription number

Retail subscription dekh kar lag raha hai ki Tega me thenga milega.. applied 9 applications.. but lag raha hai ki ye bhi 30 times se uper subscribe hoga..milna mushkil hai..Retail me subscription kya hoga expert log bataye 🙏

Have heart dear.
Somebody WILL get allotment, why it can’t be you!!
Keep applying with positive heart.

I hope it will be subscribed below 30 otherwise chances for getting allotment would be less.. @ Honey bear Thanks for keeping my spirit high and your kind words..😊🙏

On what day , should one apply to have maximum chances of allotment ? Day 1 , Day 2 or Day 3 ? Experienced people please suggest. Thank you !

Asp jis bhagwan to mante ho, us prakar se apply kar. Apko kam se kam tassali hogi, shares allot ho ya na ho. Are bhai, ye sab lottery se hoti hai, jiski kismat achi, usko milega

https://support.zerodha.com/category/console/ipo/articles/ipo-allotment-process

As Gurus and seniors said - Its luck, Any day, whether Retail or HNI -
Keep trying.
The ipo pipeline is long you may hit one if you are persistent enough.

Need urgent help. We have opened minor account in prostock. There are 2 to 3 ipo alloted to minor account. But I could not see shares in prostocks application. Any suggestions would be great help.

@Admin, according to RHP, post-issue shareholding will be down to 60.12% as Wagner is selling its entire stake. Can you please confirm and correct?

Dear Sir,
We checked and the information looks correct.

Promoters holding Pre-Issue: 85.17%
Promoters holding Post-Issue: 79.17%

Post Issue Shareholding Pattern
Promoters: 79.2%
Others: 20.8%

Though Wagner Limited will sell their entire stake, the other promoters will continue to hold 79%

@lokes , Sir is it going to list in T2T, What will be the expected subscription in NII category

No T group , listing in B group. NII 300-2-400x @ 4 PM 3/12/21

100 times in retail bhai bhang piye ho ka

Gmp of Tega Industries is 390 - 395 rs..
Apply for listing gain and also for long term..