The public issue of equity shares of Tega Industries Limited will open for subscription on December 01, 2021 and closes on December 03, 2021 It is expected to list on the stock exchanges on December 13, 2021 What does the company do? Why is the company going public? Who are its key competitors? Its key strengths, and lot more. Here’s everything that you want to know about the company to analysis the IPO.
Incorporated in 1976, the company 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. It is the second largest producers of polymer-based mill liners, globally. It offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through its wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic based lining components, which are used across different stages of mining and mineral processing, screening, grinding and material handling, including after-market spends on wear, spare parts, grinding media and power.
The company's product portfolio comprises more than 55 mineral processing and material handling products. The mineral processing and material handling products offering covers a wide range of solutions in the mining equipment, aggregates equipment and the mineral consumables industry. It has 6 manufacturing facilities, including three in India (Gujarat & West Bengal), and three facilities in major mining hubs of Chile, South Africa, and Australia.
In India it caters to the domestic and overseas markets across mineral processing and materials handling industries, while the facilities in Chile, South Africa and Australia caters to the respective local and regional mineral processing and materials handling industries. It also has 18 global and 14 domestic sales offices located close to its key customers and mining sites.
Who are the Promoters of the Company?
Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka, and Nihal Fiscal Services Private Limited
Why is the Company going public?
Given below are the objectives of the Company –
The Offer is a 100% Offer for Sale issue. The Company will not receive any proceeds from the Offer for Sale and all proceeds from the Offer will go to the Selling Shareholders.
To enhance visibility and brand and provide liquidity to its existing Shareholders.
To provide a public market for the Equity Shares in India.
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