Tega Industries’ ₹600 crore IPO opens today; GMP at ₹310
- Tega Industries, manufacturer of consumables for the mining industry, will open its IPO today and will close on December 3.
- Retail investors can bid for a minimum of 33 shares with an investment of ₹14,949 per share.
- Shares of the company were trading at a premium of ₹310 per share in the grey market.
Tega Industries, a manufacturer of consumables for the mining industry has opened its IPO today and will conclude on December 3. The company is looking to raise over ₹600 crore through public listing of shares, which is entirely an offer for sale of 1.3 crore equity shares by promoters and existing shareholders.
View all Offers
View all Offers
- 31% OFF
Logitech C270 HD Webcam, HD 720p/30fps, Widescreen HD Video Calling, HD Light Correction, Noise-Reducing Mic, for Skype, FaceTime, Hangouts, WebEx, PC/Mac/Laptop/MacBook/Tablet - Black₹ 1947₹ 1947Buy On
- 1% OFF
Victus by HP Ryzen 7-5800H 16.1 inch(40.9 cm) QHD Gaming Laptop (16GB RAM/ 1TB SSD/ 6GB RTX 3060 Graphics/ Flicker Free, 165Hz 3 Ms Display/ Alexa Built-in/ Win 11/ MS Office/ 2.48 Kg) - 16-e0362ax₹ 124490₹ 124490Buy On
- 31% OFF
Samsung Galaxy Tab A7 26.31 cm (10.4 inch), Slim Metal Body, Quad Speakers with Dolby Atmos, RAM 3 GB, ROM 32 GB Expandable, Wi-Fi-only, Grey₹ 14999₹ 14999Buy On
- 71% OFF
boAt Flash Edition Smartwatch with Activity Tracker,Multiple Sports Modes,Full Touch 1.3" Screen,Sleep Monitor,Gesture, Camera & Music Control,IP68 Dust,Sweat & Splash Resistance(Lightning Black)₹ 1999₹ 1999Buy On
- 23% OFF
HP Pavilion Aero, Ryzen 5-16GB/512GB SSD 13.3-inch WUXGA Laptop, Ultra-Thin & Light 970 gm, 400 Nits Anti-Glare 100% RGB Display/B&O Audio/Fingerprint Reader/Backlit KB/Win 11 Ready, 13-be0190AU₹ 69490₹ 69490Buy On
Among other promoters, Wagner, an affiliate of the US-based private equity firm TA Associates, will be selling 96.92 lakh shares in the IPO.
The company’s shares were trading at a premium of ₹310 per share in the grey market.
AdvertisementRetail investors can bid for a minimum of 33 shares with an investment of ₹14,949 per share.
Here are some of the important details of the IPO:
|Price band||₹443 to ₹453|
|IPO open date||December 1|
|IPO close date||December 3|
|Allotment date||December 8|
|Initiation of refunds||December 9|
|Credit of shares to demat account||December 10|
|IPO listing date||December 13|
|Minimum lot||33 shares|
Tega Industries provides customised solutions to the mining, bulk material handling and transportation industry like manufacturing of wear resistant lining components required for grinding, sizing and others.
It has a product portfolio of more than 55 mineral processing and material handling products. The company has six manufacturing sites, including three in India -- Dahej in Gujarat, Samali and Kalyani in West Bengal, and three sites in major mining hubs of Chile, South Africa and Australia.
SEE ALSO: Banks give up gains in a battle between bears and bargain hunters
Indian government confirms that its new crypto bill is not the same as the old one
Popular on BI
- DDA budget: TOD hub, cycle walk, drain projects for better Delhi
- DA budget approved: DMRC grant; allocation for housing, other projects
- Government appoints Vikram Dev Dutt as Air India chief
- Great Republic Day Sale: Best deals on microwaves, refrigerators and washing machines on Amazon
- Amazon Republic Day Sale 2022 — Best deals and offers on TVs