Tega Industries Ltd
Complete IPO details, including price band, financials, subscription status, and key insights.
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IPO Snapshot
Key metrics and details at a glance.
Price Band
₹453
Per ShareLot Size
33 Shares
Minimum Investment
₹14,949
Issue Size
₹605.56 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
IPO Timeline
Important dates for your applying strategy.
Subscription Status
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
Tega Industries Ltd
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
83.21%
Promoter Holding (Post-Issue)
77.19%
Issue Type
Book Building
ISIN
INE011K01018
About the Company
Tega Industries Limited 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, on the basis of sales as of June 30, 2021. Globally, The Company is the second largest producers of polymer-based mill liners, on the basis of revenues as of June 30, 2021. The Company offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through its wide product portfolio.
Industry Overview
In 2020, Asia-Pacific accounted for 71% of the global mining industry, followed by North America with 9%. Global commodity mineral production during 2020 was 10.2 billion tons. The GDP contribution of the mining and quarrying sector, both in terms of nominal and real GDP, has declined over the last decade. Global crushing, screening, and mineral processing equipment market size was estimated at $20 billion in 2020. Global growth is expected to accelerate to 5.6% in 2021 and be partially supported by the low GDP base effect from 2020.
Company History
Tega Industries Limited was incorporated as "Tega India Limited" under the Companies Act, 1956, as a public limited company, pursuant to a certificate of incorporation dated May 15, 1976, issued by the RoC. The Company received a certificate of commencement of business on May 28, 1976, from the RoC. Pursuant to a special resolution passed by its Shareholders on January 4, 2002, and with the approval of the Central Government on January 31, 2002, the name of the Company was changed to "Tega Industries Limited", and a fresh certificate of incorporation dated February 1, 2002, was issued by the RoC.
Customer Base
Wholesalers and Retailers
Financial Performance
Revenue, profit after tax and total assets across the last 3 reported financial years.
Revenue
Amount in ₹ crore
Profit After Tax (PAT)
Amount in ₹ crore
Total Assets
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY23 to FY25.
Objects of the Issue
How the company plans to utilize IPO proceeds.
Use of Proceeds
The funds raised through this IPO will be used for:
Initial public offering of 13,669,478* equity shares of face value of Rs. 10 each (The "Equity Shares") of Tega Industries Limited (The "Company" or the "Issuer") for cash at a price of Rs. 453 per equity share (including a share premium of Rs. 443 per equity share) (The "Offer Price") aggregating to Rs. 619.23* crores (The "Offer") comprising an offer for sale of 3,314,657* equity shares aggregating to Rs. 150.15* crores by Madan Mohan Mohanka, 662,931* equity shares aggregating to Rs. 30.03 crores by Manish Mohanka (together with Madan Mohan Mohanka, The "Promoter Selling Shareholders") and 9,691,890* equity shares aggregating to Rs. 439.04* crores by Wagner Limited ("Investor Selling Shareholder") (and together with the promoter selling shareholders, the "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). The offer constitutes 20.62 % of the postoffer paid-up equity share capital. The face value of equity shares is Rs. 10 each. The offer price is 45.3 times the face value of the equity shares. *Subject to finalization of basis of allotment. Bids can be made for a minimum of 33 equity shares and in multiples of 33 equity shares thereafter.
*Subject to approvals and market conditions.
Strengths & Risks
Key competitive advantages and factors to consider before investing.
- Its global manufacturing facilities, sales and operations expose its to the risks of doing business in foreign countries, which may adversely affect its business, financial condition and results of operations.
- Any failure to expand or effectively manage its sales and distribution network, both in India and overseas, could have an adverse effect on its business, financial condition and results of operations.
- The company is dependent on third party logistic and support service providers for the delivery of raw materials and finished products and any disruptions in their services including transportation services or a decrease in the quality of their services may adversely affect its business, financial condition and results of operations.
- Its Statutory Auditors have included an emphasis of matter regarding the accounting treatment of certain equity shares and CCPP in the auditors' reports on its special purpose interim consolidated financial statements for the three months period ended June 30, 2021 and the audited consolidated financial statements for Fiscal 2021 and in the examination report on the Restated Consolidated Financial Information.
- The company has voluntarily approached the RBI in relation to certain delays in filing of Form FC-GPR and Form ESOP by its Company in the past and cannot assure you that these matters will be resolved in a timely manner.