Tega Industries Ltd. share price target

Tega Industries’ (Tega) senior management hosted analyst meet on June 15, 2022. Management highlighted global steel mill liner market (ex-China) currently stands at US$900mn (Tega’s market share is 5%) and composite mill liner market size is US$400mn (Tega’s market share is 16%) which is likely to grow at 2-3% CAGR.

Tega Industries Ltd. (TIL) 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, on the basis of sales as of June 30, 2021 (Source: F&S Report). Globally, it is the second largest producers of polymer-based mill liners, on the basis of revenues as of June 30, 2021. The company 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, used by its customers across different stages of mining and mineral processing, screening, grinding and material handling, including after-market spends on wear,...

IPO NOTE

Tega Industries 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, on the basis of sales as of June 30, 2021....

Issue Snapshot: Issue Open: Dec 01 Dec 03 2021 Price Band: Rs. 443 453 *Issue Size: Rs 619.23 cr (Entirely Offer for sale of Rs 13,669,478 eq sh) Reservation for: QIB Upto 6,834,738 eq sh Non Institutional atleast 2,050,422 eq sh Retail atleast 4,784,318 eq sh Face Value: Rs 10 Book value: Rs 108.06 (Jun 30, 2021) Bid size: - 33 equity shares and in multiples thereof 100% Book built Issue Tega Industries Limited - IPO Note

Tega Industries limited (`Tega'), headquartered in Kolkata, 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. The company commenced its operations in 1978 in India with a foreign collaborator Skega AB, Sweden. Tega has 6 manufacturing sites, including 3 in India (2 in WB and 1 in Gujarat) and 3 in major mining hubs of Chile, South Africa and Australia with a total built-up area of 74,255 Sq.mts. Additionally it has a joint venture with U.K. branch of...

Having commenced its operation in 1978, Tega Industries is a leading manufacturer of critical to operate' and recurring consumable products and is the 2nd largest producers globally of polymer-based mill liners based on revenues. These products have application in global mineral beneficiation, mining and bulk solids handling industries and are not linked to capex as