Tega Industries IPO

Tega Industries Ltd.

₹14,619 /33 sharesMinimum Investment

Tega Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
1 Dec ‘21 - 3 Dec ‘21₹14,61933₹443 - ₹453
Issue SizeIPO Doc
619.22Cr
RHP PDF

Subscription Status As on 03 Dec '21, 5:00 PM

  • Retail Individual Investor
    29.44x
  • Non-Institutional Investor
    666.19x
  • Qualified Institutional Buyers
    215.45x

About Tega Industries

Tega Industries is a manufacturer and distributor of specialized and recurring consumable products for the global mineral beneficiation, mining, and bulk, solids handling industry. The company’s product portfolio includes consumables required in the mines and mineral processing industry.;
Parent Organisation
Tega Industries Ltd.
Founded
1976
Managing Director
Mehul Mohanka
Tega Industries IPO review, analysis, details, financials, business | Upcoming IPO 2021

Strengths & Risks

  • Among the largest producers of polymer-based mill liners in terms of revenues in calendar year 2020.
  • Global footprint across major global mining locations and supply of products across over 70 countries.
  • Key overseas markets include North America, South America, Africa, EMER (Europe, Middle East and Russia) and Asia Pacific (South East Asia and Australia).
  • Repeat business from existing mineral processing sites accounted for 74.29 %, 75.43 % and 79.72 % of revenue from operations in Fiscals 2021, 2020 and 2019.
  • Net cash generated from operating activities at Rs 1,702.46 million, Rs 1,283.75 million and Rs 686.69 million in Fiscals 2021, 2020 and 2019 respectively.
  • Gold mining locations in Chile, South Africa and Australia, with a total built-up area of 74255 Sq. mts.
  • Indian manufacturing operations at Dahej in Gujarat and at Samali and Kalyani in West Bengal.
  • Possible risk to global manufacturing facilities due to factors including social, geopolitical, and environmental changes in foreign countries.
  • Dependence on a few key suppliers of certain raw materials, with which the company does not have long term contracts or exclusive arrangements.
  • The company does not have firm commitments or long-term supply agreements with a majority of their customers and instead rely on purchase orders.
  • Certain of the company’s subsidiaries have incurred losses in the preceding three fiscals. They may incur losses in the future which may have an adverse effect on our reputation, and financials.
  • As on June 30, 2021, the company’s total secured borrowings from banks amounted to Rs 992.17 million. Unsecured borrowings from banks amounted to Rs 53.34 million.
  • Failures in meeting the debt obligations could adversely affect the company’s cash flows and business.
  • The company receives certain tax benefits under the Special Economic Zones Act, 2005 (“SEZ Act”) and other fiscal statutes. These tax benefits are available for a definite period of time, which, on expiry, may adversely affect the business.

Financials

*All values are in Rs. Cr
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