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Below is quote on Tega industries files DRHP with SEBI for IPO by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd   

Tega Industries files DRHP with SEBI for IPO.

MM group company, Tega industries is engaged in the business of mining, has filled DRHP (Draft papers) with SEBI (Securities exchange board of India) for the IPO, with an expected IPO size of ₹700-₹750 crores. The majority of IPO size will consist of the offer for sale from the promoter group.

Tega industries engaged in the business of providing comprehensive solutions related to Mining, mineral beneficiation, and bulk solids handling industries across different stages of mining and mineral processing. The overall company product portfolio comprises more than 55 mineral processing and material handling products.

Tega industries are the second-largest producer of polymer based mill liners globally. Tega industries incorporated 5 decades ago in 1978 in India, in 2001 Swedish firm acquired the entire equity stake in the company.  The IPO is expected to be launched in September 2021.

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