Tega industries Ltd founded on 1976 may 15, in west bengal at Kolkata. Its managing director is Mehul Mohanka . Tega industries is a manufacturer and distributor of Specialized and recurring consumable products for the global mineral beneficiation , mining ,and bulk, solids handling industry . The company's product portforlio includes consumables required in the mines and mineral processing industry.5
Promoters of the Company
Madan Mohan Mohanka
Manju Mohanka
Manish Mohanka
Mehul Mohanka
Nehal Fiscal Service Private Limited .
About the Mehul Mohanka -
Mehul was a member of the executive board of Tega , leading the sales and corporate functions like HR , Finance ,legal ,and IT . Mehul also lead several initiative to accelerate to global expansion , integration and Business Strategy . He holds an MBA from university of Pittsburgh - joseph M. Katz Graduate School of Business , USA and received certification in Advanced Management program from Harvard Business School , USA
Today , Tega is Second largest producer of polymer- based mill liners , which are critical component in driving efficiency and lowering cost per tonne of operation . It has manufacturing facilities in india , south africa , australia and chile and exports its product and solution to over 70 countries . Tega industries limited was granted the Quality Certifications ISO 9001:2015, ISO 14001:2015 and ISO 45001:2010 accreditation
Company Contact Details
Registered Office -
147,block G , New Alipore, Kolkata - 700053
Telephone - +91 33 3001 9000
Fax - +91 33 2396 3649
Email - info(at)tegaindustries(dot)com
Corporate Office -
Godrej waterside , tower -2 , office no 807 , 8 th floor , block DP -5 Salt lake sector V , Bidhannagar , kolkata West Bengal 700091
Telephone - +91 33 3001 9000
Fax - +91 33 2396 3649
Competitors of the company
National Mineral Development Corporation.
Vedanta.
Hindustan Zinc.
Hindustan Copper.
Hindalco Industries.
Bharat Aluminium Company.
Rajasthan State Mines and Minerals.
Gujarat Mineral Development Corporation.
Company's Strengths
+ Among the largest producers of polymers -based mill liners in terms of revenues in calender year 2020
+ Global Footprint across major global mining locations and supply of products across over 70 countries .
+ Key overseas markets include North America , South America , Africa , EMER (europe ,middle east , and russia ) and Asia Pacific ( south East Asia and Australia)
+ Repeat business from existing mineral processing sites accounted for 74.29 %and 79.72% of revenue from operation in fiscal 2021, 2020 and 2019 respectively .
+ Net Cash generated from operating activities at Rs. 1702.86 millions , Rs. 1283.75 million and Rs 686.69 million in fiscal 2021, 2020 , 2019 .
+ Gold mining Locations in Chile, South africa, and Australia , with a total built up area of 74255 Sq. mts.
+ India manufacturing operations at Dahej in Gujarat and at Samali and kalyani in West Bengal .
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Company's Risks
- Possible risk to global manufacturing facilities due to factors including social , geopolitics , and environmental changes in foreign countries .
- Dependence on few key suppliers of certaim raw materials , with which the company does not have long term contacts or exclusives arrangements .
- The company does not have firm commitments or long - term supply agreements with a majority of their customers and instead rely on purchase orders .
- Certain of the company's subsdiaries have incurered losses in precedings three fiscals . They may incur losses in the future which may have an adverse effect on our reputation , and financials .
- AsofnJunee 30 2021 the company's total secured borrowings from banksare around Rs. 992 million and unsecured borrowings from banks amounted to Rs. 53millmilliono.
- Failure in meeting the debt obligation could adversely affect the company's cash flow and business
- The company receives certain tax benefits under the Special Economic Zones Act2005 ( SEZ ACT ) and other fiscal statutes. These tax benefits are available for a definite period when expiry may adversely affect the company's cash flows and business
AlsoreadGo fashion IPO details
Company Financials -
IPO Details -
Open date - 1 December 2021
Close date - 3 December 2021
Listing at - Both BSE & NSE
Price bands - Rs. 443 - 453
Minimum order share - 33
Lot size - 33
Minimum lot - 1
Maximum lot - 13
AllotmentDates - 8 Dec. 2021
Initiation of Refunds - 9 Dec. 2021
Listing Date - 13 Dec. 2021
The credit of Share in Demat account - 10 Dec. 2021
GMP - 385 (AS OF 30-11-21)
Listing shares - 13,669,478
Subscription Status -
Link time India private limited
Phone - +91 22-4918 6270
E-mail - tega.ipo@linkintime.co.in
Website - https://linkintime.co.in
The object for listing -
The object of the ofis cost toto cachievethe benefits of listing the equity shares on the stock exchanges and for the offer for the sale of up to 13,669,478 equity shares.
Lead Managers -
1. Axis capital ltd.
2. JM financial consultants private limited
Overview of the Minning Industry
In 2020 Asia pacific accounted for 71 % of the global mining followed by North America with 9 %, the mining market consists of companies that harvest rocks, commodities and other useful resources from the earth's crust BHP billion ltd, Glencore Vale SA, Riotinta group, CRH PLC is leading participants in the mining industry
Global commodity mineral production during 2020 was 10.2 billion tons with coal and iron (and largest minerals mined worldwide ) accounting for 96 % of the total production Silver is the most mined precious metal and it is found close to zinc deposits, while gold is found mostly near copper mines.
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Frequently Asked Question
Q. What is an IPO?
IPO or Initial public offering is a way where companies want to raise some amount of money for their business expansion, paying debt, etc. It is a process where a private limited company convert into a public limited company which is traded publicly on Stock exchanges like the ty Stock exchange and the national stock exchange.
Q. Who decides the price of IPOs
The company decides the price of IPO with the help of Lead managers. Sebi or stock exchange does not interfere with the price of IPOs.
Q. Who will decide the dates of the IPO or listing date?
Once SEBI and Stock exchanges are approved for IPO then the company consult with lead managers or registrar, stock exchanges to fix the date.
Q. What is the Role of the Registrar?
The basis work of the Registrar is to provide facilities like transfer stocks to investor Demat accounts, transfer refunds in the investor account who do not get IPO and are registered with SEBI and Stock Exchanges.
Q. Is it mandatory to have a PAN number to apply for IPO?
YES, since July 2006, SEBI made PAN compulsory for IPO applicants.
Q. How many times does One person apply?
Only one time one person will be applied but you apply for IPOs from your family's account.
Q. How IPOs listing price is decided?
The listing price of IPO is decided through book building by a syndicate of investment banks.
Q. One can apply for IPO Offline?
Yes, you can apply for IPO offline.
Q. How many days IPOs subscriptions open?
In 3 working days, IPO will be open for subscription.
Q. What is 'market lot' or 'Minimum order quantity
When a company launches how many numbers of shares that an investor can get
Q. is it a mandatory trading account to apply for IPO?
No, it is not mandatory for a Demat acDemat.
