Tega Industries Limited IPO
i. Tega Industries is a leading manufacturer and distributor of specialized ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. Globally, they are the second largest producers of polymer-based mill liners, on the basis of revenues
ii. It offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through its 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, including after-market spends on wear, spare parts, grinding media and power, which are regular operating expenses for their customers.
iii. Their engineering capability, which has evolved over decades, has enabled them to consistently offer our quality, complex manufactured products within stipulated timelines, allowing them to reduce downtime and maximize operational efficiency for their customers, and forge robust relationships with its customers leading to high recurring revenues.
iv. It commenced operations in 1978 in India, with a foreign collobaration with Skega AB, Sweden. Madan Mohan Mohanka acquired the entire equity stake of Skega AB in the Company in 2001.
v. Its product portfolio comprises more than 55 mineral processing and material handling products.
vi. Their products offering include consumables required in the mines and mineral processing industry. In the sequence of their usage in the mineral processing value chain, after blasting to floatation, its products include chutes and its liners, grinding mill liners, trommels and screens, hydrocyclones, pumps and flotation parts and conveyor products.
vii. They have six manufacturing sites, including three in India, at Dahej in Gujarat and at Samali and Kalyani in West Bengal, and three sites in major mining hubs of Chile, South Africa and Australia
Competitive Strengths :
i. Leading producer of specialized and “critical to operate” products
ii. Insulated from mining capex cycles
iii. High value add and technology intensive products
Objects of the Tega Industries Limited IPO:
Tega Industries Limited IPO Details:
|Open Date:||Dec 01 2021|
|Close Date:||Dec 03 2021|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Book Built|
|Issue Size:||619.23 Cr.|
|Lot Size:||33 Shares|
|Issue Price:||₹ 443 - 453 Per Equity Share|
|Listing Date:||Dec 13 2021|
Promoters And Management:
Financials of Tega Industries Limited IPO:
|Particulars (in Cr)||2021||2020||2019|
|Cost of materials consumed||328||284||265|
|Change in inventory in WIP and Finished Goods||4||10||8|
|Employee Benefit Expense||122||115||111|
|No. of shares||6.62||6.62||6.62|
Comparison With Peers:
Recommendation on Tega Industries Limited IPO:
Lead Manager of Tega Industries Limited IPO:
Registrar of Tega Industries Limited IPO:
Discussion on Tega Industries Limited IPO:
It is a pure OFS. That means the money raised via this IPO will go to selling shareholder and nothing will go in company hand.
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