Tega Industries Share Debuts With 66 Percent Premium

New Delhi: Tega Industries Shares has made a blockbuster debut on the bourses as it was listed at Rs 760 with a premium of 68 percent.

However, it witnessed reduction of the initial gains later in the day.

Tega Industries share price on NSE is Rs 730 per share, around 60 per cent higher from its upper price band of Rs 453 per equity share.

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.

The Initial Public Offering (IPO) of Tega Industries which was opened on Wednesday i.e. on December 1, 2021 had 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 assets 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.

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