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Tega Industries Limited IPO Detail

Tega Industries Limited 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 calendar 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

IPO Details

IPO Opening DateDec 01, 2021
IPO Closing DateDec 03, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹443 - 453 per equity share
Market Lot33 Shares
Min Order Quantity33 Shares
Listing AtBSE, NSE
Issue Size620 Cr.
Fresh Issue-
Offer for Sale13,669,478 Eq Shares of ₹10
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.07x 4.17x 7.51x 0x - 4.66x
Day 2 3.35x 20.48x 17.05x 0x - 13.86x
Day 3 215.45x 666.2x 29.45x 0x - 219.04x

IPO Tentative Timetable

The Tega Industries Limited IPO open date is Dec 01, 2021, and the close date is Dec 03, 2021. The issue may list on Dec 13, 2021.

IPO Open DateDec 01, 2021
IPO Close DateDec 03, 2021
Basis of Allotment DateDec 08, 2021
Initiation of RefundsDec 09, 2021
Credit of Shares to Demat AccountDec 10, 2021
IPO Listing DateDec 13, 2021

IPO Lot Size

The Tega Industries Limited IPO market lot size is 33 shares. A retail-individual investor can apply for up to 13 lots (429 shares or ₹194337).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding85.17%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Crs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1,018.34 856.68 136.40
31-Mar-20 887.31 695.54 65.50
31-Mar-19 790.26 643.0.13 32.67

Objects of the Issue:

The objects of the offer are to achieve the benefits of listing the equity shares on the stock exchanges.