Tega Industries Limited IPO – Review


Tega Industries Limited – one of the global leaders in the design and production of consumables for the mining, mineral beneficiation, and bulk solids handling industry – is planning to raise INR 619 Cr via IPO [0 Cr Fresh Issue + 619 Cr OFS]

Tega Industries: Company Profile

Tega Industries Limited is an Indian corporation headquartered in Kolkata (India) was started in the year 1976 by Madan Mohanka, an alumnus of Indian Institute of Management (IIM) Ahmedabad (India).

The company focuses in (1) manufacturing, (2) distribution, and (3) life cycle management of wear resistant lining components required for grinding, sizing, and beneficiation of minerals, downstream equipment such as hydro-cyclones and flotation columns, fluid transportation and filtration systems used in the industry.

Company Strengths:

  • One of the world’s largest makers of polymer-based mill liners
  • Products outfit to after-market spends providing recurring incomes
  • In-house Research & Development and manufacturing capabilities and a solid focus on quality control
  • Global client base, and solid global manufacturing and sales capabilities
  • Consistent operational efficiency and market growth
  • Experienced management team supported by a large workforce

Company Promoters:

Madan Mohan Mohanka,

Manju Mohanka,

Manish Mohanka,

Mehul Mohanka and

Nihal Fiscal Services Private Limited

IPO Details

Face Value / share: 10

Issue Size (Rs. Cr): 619

Issue price / Floor Price (INR): 443 – 453

Application / share (INR): 453

Minimum Investment Amount (INR): 14,949.00

Minimum Bid (no of shares): 33

Maximum Shares for Retail: N.A

IPO Dates & Listing

Issue Opens: 01-Dec-21

Issue Closes: 03-Dec-21

Listing On: NSE, BSE

 

CONCLUSION

Considering company’s financial parameters and valuation, FinBlab recommends SUBSCRIBE ratings (keep a long-term view) on Tega Industries Limited IPO

 

Also Read –

STAR HEALTH AND ALLIED INSURANCE CO LIMITED IPO

 


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