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 Financials:
| 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 |
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 | 33 Shares |
| Min Order Quantity | 33 Shares |
| Listing At | BSE, NSE |
| Issue Size | 13,669,478 Eq Shares of ₹10 (aggregating up to ₹619.23 Cr) |
| Offer for Sale | 13,669,478 Eq Shares of ₹10 (aggregating up to ₹619.23 Cr) |
| QIB Shares Offered | 50% |
| NII Shares Offered | 15% |
| RII Shares Offered | 35% |
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 Lot Size
The Tega Industries IPO market lot size is 33 shares. A retail-individual investor can apply for up to 13 lots (429 shares or ₹194,337).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 33 | ₹14,949 |
| Maximum | 13 | 429 | ₹194,337 |