Tega Industries Limited IPO Allotment Status was finalized on Wednesday. The IPO which ran from December 1-3 received a stellar response to its IPO. The sale of shares was subscribed 219.04 times on the last day.
Tega Industries Limited IPO Allotment Status, Date GMP, Lot Size
|Tega Industries IPO Allotment Status Information|
|Name of the IPO||Tega Industries IPO|
|Official Registrar||Link Intime India Private Ltd|
|Face Value||Rs. 10 per equity share|
|IPO Price Band||Rs.443 to Rs.453 per Equity share|
|Listing at||BSE & NSE|
|Market Lot||33 Shares|
|Minimum Order Quantity||33 Shares|
|Date of IPO Allotment||8th December 2021|
|Official portal of the company||www.tegaindustries.com|
The issue received offers for 209.58 crore shares against an offer size of 95.68 lakh shares.
The quota of qualified institutional buyers recorded the highest subscription on record, at least 215.45 times in a decade.
Non-institutional investors bid 666.19 times the amount reserved for them. Retail investors submitted bids for 29.44 times their reserved share.
The company’s shares are traded at a gray market premium of Rs 320 or 70 percent at the highest price range of the issue.
The shares have been offered in a price range of Rs 443 to Rs 453. The company will debut on BSE and ESN on December 13. The company raised Rs 619 crore from the public issue which was entirely an offer for sale.
Therefore, the company will not get any money from the offer. On November 30, the producer of mining consumables raised Rs 186 crore from key investors.
BNP Paribas Arbitrage, Goldman Sachs Funds, Ashoka India Equity Investment Trust Plc, Kuber India Fund, SBI Mutual Fund (MF), ICICI Prudential MF, HDFC MF, Axis MF, Tata MF, and Aditya Birla Sun Life MF were among the main investors.
The initial public offering (IPO) was purely an offer to sell (OFS) of 1,36,69,478 shares by the promoters and an existing shareholder.
Within the framework of the OFS, promoters Madan Mohan Mohanka and Manish Mohanka will sell 33,14 lakh and 6,63 lakh shares respectively.
The IPO lot size was 33 shares on which Rs 14,949 will need to be spent. An individual retail investor could take up to 13 lots or 429 shares by spending Rs 1.94 337.
The objective of the offer is to realize the benefits arising from the listing of the shares on the stock exchange.
Tega Industries, based in Calcutta, offers complete solutions to attract global customers in the mineral enrichment, mining, and bulk solids handling industries through its broad product portfolio.
Tega Industries IPO Grant Date
On December 1, 2021, Tega Industries IPO has opened with an IPO size of Rs 619.23 crore.
The IPO was registered by the Registrar Link Intime India Private Ltd. The IPO closed on December 3 and was signed 219.04 times on the last day. The sale of the IPO of Tega Industries is scheduled for December 8.
The redemption status for this IPO was finalized on December 9 and credited on December 10. The IPO of Tega Industries will be listed on the main BSE and NSE India platforms on December 13.
The price range for the IPO of Tega Industries is 443 to 453.
|Tega Industries IPO Share Allotment – Important Dates|
|IPO Open Date||1st December 2021|
|IPO Close Date||3rd December 2021|
|Basis of Allotment Date||8th December 2021|
|Initiation of Refunds||9th December 2021|
|The credit of Shares to Demat Account||10th December 2021|
|IPO Listing Date||13th December 2021|
How to check the status of inventory allocation.
Investors can visit the Bombay Stock Exchange (BSE) website or the IPO Registrar’s website.
The registrar for the sale of shares is Link Intime.
1. Access the Link Intime online portal
2. Click on the drop-down menu and select the company name Tega Industries from the drop-down menu in the central investor section.
3. Enter Permanent Account Numbers (PAN) or Application Number or Client ID.
4. After entering the provided captcha code, investors can click the Submit button and view the engagement status.
After pressing “submit”, the status of your request will appear on the screen. Make sure the details you provide are correct.
It will indicate the number of shares to which you have subscribed and the number of shares that have been allocated to you.
Stock Exchange Site
1. Visit the official BSE site.
2. On the ESB home page, click on “Equity”. A drop-down menu will appear, select “Tega Industries”.
3. Enter your PAN number.
4. After entering the details, click on ‘Search’.
5. After clicking on the ‘Search’ button, the details of the number of shares subscribed and the number of shares allocated to you will be displayed.
The IPO of Tega Industries will be listed on both the NSE and the ESB and the probable listing date of the shares is December 13, 2021.
Now Tega Industries India Pvt Limited finalizes its IPO which can be verified online through the official ESB portal or the registrar portal.
Here we have updated all the details like IPO award date, share price, bids received and Gray Market Premium (GMP), etc. You can get all the details for Tega Industries Limited IPO Allotment Status through the above analysis.