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Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
The money raised through the Offer for Sale goes to existing investors, not the company.
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(₹ in Crore)
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Tega Industries Limited, founded in 1976, is a specialised manufacturer and distributor of critical, recurring consumable products used in the global mineral beneficiation, mining and bulk solids handling industry. Its product range spans rubber, polyurethane, steel and ceramic based lining components that help mining and processing customers cut wear-related maintenance costs and downtime, and by the time of its public issue the company was recognised as the world's second largest producer of polymer-based mill liners. The company runs six manufacturing facilities worldwide, three in India (in Gujarat and West Bengal) and three overseas in Chile, South Africa and Australia, supporting a customer base spread across more than 70 countries. International markets accounted for the large majority of revenue, reflecting the company's position as a globally oriented industrial supplier rather than a purely domestic manufacturer. Tega Industries is led by the Mohanka family, who founded and continue to control the business. The IPO was structured entirely as an offer for sale by the promoters and an existing corporate shareholder, meaning the listing provided an exit route for selling shareholders and the benefits of a public listing rather than raising fresh growth capital for the company itself.
The company raised approximately Rs 185.76 crore from anchor investors ahead of the issue at the Rs 453 upper price band, with participation from domestic institutions including SBI, ICICI Prudential, HDFC, Axis, Aditya Birla Sun Life, Kotak and Tata mutual funds, alongside international investors such as Goldman Sachs and BNP Paribas Arbitrage.
Source: RHP • Analysis provided for informational purposes
Last Updated: 20 July 2026, 5:30 AM
Global leader in mill liner consumables
One of the world's largest producers of polymer-based mill liners, supplying critical, recurring consumable products to the mining and mineral processing industry.
Diversified global manufacturing footprint
Operates six manufacturing facilities across India, Chile, South Africa and Australia, serving customers in more than 70 countries and reducing reliance on any single market.
No proceeds to the company
The issue was structured entirely as an offer for sale, so the listing raised no fresh capital for the business itself, only providing an exit for selling shareholders.
Exposure to mining sector cycles
Revenue depends heavily on capital spending and output levels in the global mining and mineral processing industry, which can be cyclical and commodity-price sensitive.
MUFG Intime India Private Limited
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