Tega Industries IPO : Subscribe or NOT?

The data has been compiled from various sources and might have small difference but overall theme is to subscribe or not — we will focus on that

Tega Industries IPO — Established in 1976, Tega Industries is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. 

Business and Key areas of Operation -Tega industries are the second largest producers of polymer-based mill liners. The company offers a wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components used by their customers across different stages of mining and mineral processing, screening, grinding, and material handling. The company’s product portfolio comprises more than 55 mineral processing and material handling products.

The company has 6 manufacturing sites, including 3 in India, and 3 sites in major mining hubs of Chile, South Africa, and Australia. Majority of the company’s revenue (86.42% in 2021) comes from operations outside India. The company has 18 global and 14 domestic sales offices located close to its key customers and mining sites. 

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Offer purpose —  The issue consists of a offer for sale of 619 Cr.

Risks

Entire money is offer for sale, Company will not have any access to money raised

Strength

One of the world’s largest producers of polymer-based mill liners

Products cater to after-market spends providing recurring revenues

In-house R&D and manufacturing capabilities and a strong focus on quality control

Global customer base, and strong global manufacturing and sales capabilities

Consistent market growth and operational efficiency

Experienced management team supported by a large, and diversified workforce

Future

Tega Industries are further expanding their operations in major markets including North America, South America, Australia, and South Africa.

Valuations

Valuations are on higher side as expected in bull market

Should we apply?

For medium to long term, prospects looks ok

Wait for listing to buy

In case you have any questions/ queries, please feel free to reach me through Contact Form

Do spread the word among your peers, family members or anyone who can benefit from this blog and asked them to subscribe. But be selfish and take care of yourself first by subscribing before they do.

Enjoy the day and your life. Don’t forget, we are alone in this grand universe and may not get a chance to live again.

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