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Tega Industries IPO To Open On December 1

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Tega Industries’ IPO will open on December 1, 2021

Tega Industries’ preliminary public provide (IPO), which is price Rs 619.23 crore, will open for subscription on December 1, 2021 and shut on December 3, 2021.

It’s a suggestion on the market (OFS) of 1,36,69,478 fairness shares by the promoters and an current shareholder.

As part of the OFS, promoters Madan Mohan Mohanka will offload as much as 33.14 lakh fairness shares and Manish Mohanka will promote 6.63 lakh fairness shares.

Along with this, Wagner, an affiliate of the US-based personal fairness agency TA Associates, will offload 96.92 lakh fairness shares via the OFS.

The worth band has been set at Rs 443-453 a share and on the higher finish of the worth band, the preliminary public providing is anticipated to fetch Rs 619.22 crore.

The Kolkata-based Tega Industries affords complete options to worldwide purchasers in mineral beneficiation, mining and bulk solids dealing with business, via its huge product portfolio.

A bidder will be capable to apply for the general public provide in heaps and one lot will encompass 33 firm shares. Shares of Tega Industries might be listed on each Nationwide Inventory Trade (NSE) and Bombay Inventory Trade (BSE) and the shares are more likely to be listed on December 13, 2021.

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