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Tega Industries IPO: Know About Its GMP, Share Allotment And Listing Dates

On the other hand, the NIIs quota booked the issue over 666 times, while the portion reserved for retail investors witnessed 30 times bidding.

Tega Industries IPO: Know About Its GMP, Share Allotment And Listing Dates

Sentinel Digital Desk

New Delhi: The Initial Public Offering (IPO) of Tega Industries which was opened on Wednesday i.e. on December 1, 2021 has created history on the last day of its subscription.

The issued witnessed oversubscription by 219.04 times on Friday--the last day of the IPO.

The issue also surpassed the HDFC assest Management Company in terms receiving the highest bids in a decade from Qualified Institutional Buyers (QIB) as it was subscribed 215.45 times compare to the later which was subscribed192.26 times.

On the last day, the IPO received bids for 2,09,58,69,600 equity shares as compared to 95,68,636 equity shares reserved overall. On the other hand, the NIIs quota booked the issue over 666 times, while the portion reserved for retail investors witnessed 30 times bidding.

Tega Industries GMP Today

The Grey Market Premium (GMP) of the compnay is Rs 400 today.

Tega Industries IPO Allotment

Reportedly, the company's IPO share allotment is expected to begin from December 8, 2021 and would be finalized by December 10, 2021. The company's share is likely to list on exchanges on December 13, 2021.

One can check the IPO allotment status on the BSE official website and Link Intime India Private Ltd, registrar of the IPO.

Tega Industries IPO Allotment Status Check on BSE

Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.

Step 2: Select 'equity' option and then issue name – 'Tega Industries IPO' from the dropdown

Step 3: Enter your application number and PAN card number.

Step 4: Check 'I am not a robot' and hit submit to know the status.

Tega Industries IPO Allotment Status Check on Registrar's Website—Link Intime India Private Limited

Sep 1: Go to https://www.linkintime.co.in/MIPO/Ipoallotment.html

Step2: On this page enter issue name, which is Tega Industries IPO, once activated

Step 3: Enter Pan Card details

Step 4: Proceed to next step and enter application number and finally client ID

Step5: After filling all the boxes with right details, hit submit to know the allotments status.

Tega Industries IPO Details

The price band was fixed at Rs 443-453 per share and the issue can be subscribed till December 3, 2021.

Under this IPO, a total of 1,36,69,478 shares will be offered for sale by the promoters and shareholders of Tega Industries.

The company's promoters Madan Mohan Mohanka, Manish Mohanka and Wagner limited are offloading their shares via IPO as Tega Industries IPO is an offer for sale.

The one lot of the company's share will cost Rs 14,949 at the upper price band and a retail investor can place bids for minimum one lot of 33 shares upto maximum of 13 lots.

Presently, 85.17 per cent stake in Tega Industries is held by its promoters, while Wagner holds 14.54 per cent in the company. Axis Capital and JM Financial are the book running lead managers to the offer while Link Intime India is the registrar of the issue.

Tega Industries Products

In terms of revenue, Tega Industries is the second largest manufacturer of polymer based mill liners in the country. Tega Industries Company was established in 1978 in India in association with Skja AB of Sweden. Later on, promoter Madan Mohan Mohanka bought the entire stake of Skaja AB in the company in 2001.

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