Tega Industries Limited IPO (Tega Industries IPO) Detail
Established in 1976, Tega Industries is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second largest producers of polymer-based mill liners, based on revenues for the year 2020.
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’s product portfolio comprises more than 55 mineral processing and material handling products.
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, with a total built-up area of 74255 Sq. mts. In the last three Fiscals, the company has a presence in 513, 498, and 479 installation sites in over 70 countries. 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.
Competitive strengths:
- One of the world’s largest producers of polymer-based mill liners
- Products cater to after-market spends providing recurring revenues
- In-house R&D and manufacturing capabilities and a strong focus on quality control
- Global customer base, and strong global manufacturing and sales capabilities
- Consistent market growth and operational efficiency
- Experienced management team supported by a large, and diversified workforce
Company Promoters:
Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka and Nihal Fiscal Services Private Limited are the company promoters.
Company Financials:
Summary of financial Information (Restated Consolidated)
Particulars
For the year/period ended (₹ in Millions)
30-Jun-21
31-Mar-21
31-Mar-20
31-Mar-19
Total Assets
10,561.72
10,183.39
8,873.15
7,902.68
Total Revenue
1,793.86
8,566.84
6,955.42
6,430.13
Profit After Tax
118.82
1,364.05
655.04
326.70
Objects of the Issue:
The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges.
Tega Industries IPO Details
IPO Opening Date — Dec 1, 2021
IPO Closing Date — Dec 3, 2021
Issue Type — Book Built Issue IPO
Face Value — ₹10 per equity share
IPO Price — ₹443 to ₹453 per equity share
Market Lot
Min Order Quantity — 1 Lot (33 shares)
Listing At — BSE, NSE
Issue Size — 13,669,478 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Offer for Sale — 13,669,478 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Tega Industries IPO Tentative Timetable
The Tega Industries IPO open date is Dec 1, 2021, and the close date is Dec 3, 2021. The issue may list on Dec 13, 2021.
IPO Open Date — Dec 1, 2021
IPO Close Date — Dec 3, 2021
Basis of Allotment Date — Dec 8, 2021
Initiation of Refunds — Dec 9, 2021
Credit of Shares to Demat Account — Dec 10, 2021
IPO Listing Date — Dec 13, 2021
Tega Industries IPO Promoter Holding
Pre Issue Share Holding — 85.17%
Post Issue Share Holding —
Company Contact Information
Tega Industries Limited
147, Block-G, New Alipore,
Kolkata 700 053,
West Bengal, India
Phone: +91 33 3001 9000
Email: compliance.officer@tegaindustries.com
Website: https://www.tegaindustries.com/
Tega Industries IPO Registrar
Link Intime India Private Ltd
Phone: +91–22–4918 6270
Email: tega.ipo@linkintime.co.in
Website: https://linkintime.co.in/
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