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
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