Tega Industries Limited IPO Allotment Status, Date GMP, Lot Size

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 2022 
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.

Tega Industries Limited IPO

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, 2022, 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 2022 
IPO Close Date  3rd December 2022 
Basis of Allotment Date  8th December 2022 
Initiation of Refunds  9th December 2022 
The credit of Shares to Demat Account  10th December 2022 
IPO Listing Date  13th December 2022 

How to check the status of inventory allocation.

Investors can visit the Bombay Stock Exchange (BSE) website or the IPO Registrar’s website. 

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, 2022.

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.

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