Tega Industries

IPO Size

`619.23 Cr

Price Band

`443-453 Per Share

Minimum Lot Size

33 Share

Face Value

`10 Per Share

Employee Discount

NA

Retail Allocation

NA

Issue Open Date

1 Dec, 2021

Issue Close Date

3 Dec, 2021

Listing Date

13 Dec, 2021

About the Company:

As per the F&S report, Tega Industries is a leading manufacturer and distributor of specialized ‘critical to operating’ and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry, based on sales for the calendar year 2020. Globally, the Firm is the second-largest producer of polymer-based mill liners, based on revenues for the calendar year 2020. The company commenced operations in 1978 in India, with a foreign collaboration with Skega AB, Sweden.

 

the product portfolio of the company comprises more than 55 mineral processing and material handling products. As an average of the last three Fiscals i.e., 2021, 2020, and 2019, the sale of products constitutes 95.08% of our revenue from 136 operations, while our sale of services and other operating revenue constitutes 2.15% and 2.77%, respectively of our revenue from operations.

 

The firm has six manufacturing sites, including three in India, at Dahej in Gujarat, and Samali and Kalyani in West Bengal, and three sites in major mining hubs of Chile, South Africa, and Australia, with a total built-up area of 74255 Sq. mts.The firm also has 18 global and 14 domestic sales offices located close to our key customers and mining sites.

Outstanding Litigation:

S.No. 1 - Company 2 - Directors 3 - Promoters
Entity Name By the Company Against the Company By the Director Against the Director By the Promoter Against the Promoter
Criminal cases 3 - - - - -
Material civil cases 2 - - - - -
Taxation matters - 2 - 9 - 21
Regulatory Proceedings - 2 - 1 - 1

Financial Statements:

Income Statement(in Milllions) March'2021 March'2020 March'2019
Gross Operating Income 8,566.84 6,955.42 6,430.13
Cost of Employee & Inventory 1,226.70 1,153.34 1,113.91
Other Expenses 6,180.42 5,783.14 5,370.10
EBITDA 2,413.20 1,190.37 1,078.12
Finance Cost 172.78 214.39 236.02
Depreciation 401.8 383.55 377.55
Profit Before Tax 1,838.62 592.43 464.55
 Tax 474.57 -62.61 137.85
Profit After Tax 1,364.05 655.04 3 26.70

Promoter of the Company

Madan Mohan Mohanka

Peer Comparison

AIA Engineering Limited

Objectives of the Issue

Offer for Sale

The company will not receive any proceeds from the Offer for Sale.

Fresh Issue

-

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