Tega Industries Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 6,834,738 (50%) | — | ₹30,961 Cr |
| NII (HNI) | — | 2,050,422 (15%) | — | ₹9,288 Cr |
| Retail | — | 4,784,318 (35%) | — | ₹21,673 Cr |
| Σ Total | — | 13,669,478 (100%) | — | ₹619,227 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 33 | ₹14,949 |
| Retail (Max) | 13 | 429 | ₹194,337 |
| S-HNI (Min) | 14 | 462 | ₹209,286 |
| B-HNI (Min) | 67 | 2,211 | ₹1,001,583 |
Financial Statements Amount in Crore
| Metric | 30-Jun-21 | 31-Mar-21 | 31-Mar-20 |
|---|---|---|---|
| Revenue | 179 | 857 | 696 |
| Profit After Tax | 12 | 136 | 66 |
| Total Assets | 1,056 | 1,018 | 887 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To achieve the benefits of listing the Equity Shares on the Stock Exchanges and for the Offer for Sale of 13,669,478*Equity Shares –
Company Overview
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