Tega Industries IPO: Information analysis

Tega Industries caters to the global mineral beneficiation industry. Mineral beneficiation is the process of improving the physical and chemical properties of ores for further processing. It is the second-largest manufacturer of polymer-based mill liners in the world. Mill liners help in protecting the mineral-processing equipment by reducing downtime and increasing the life of the equipment. The company's product portfolio comprises more than 55 mineral-processing and material-handling products. In India, the company commenced its operations in 1978 in collaboration with Skega AB, Sweden. Madan Mohan Mohanka (one of the promoters) acquired the entire equity stake of Skega AB in 2001. The company mainly provides its products to mineral-processing units involved in processing copper and gold ores, with their contribution averaging 34.9 per cent and 27.3 per cent, respectively, to its revenue during FY19-21. In FY21, the company had its presence in 513 installation sites across more than 70 countries. The growing demand for iron ore, copper and other metals and minerals