Tega Industries IPO GMP, Date, Kostak Rates, Gray Market Premium Today

Tega Industries IPO GMP, Gray Market Premium, Kostak Rates, Subject to Sauda rates Today, Subscription Status, Listing Date, Share Price, Lot Size, Allotment Status Date Know Full Details From Here.

Tega Industries Limited IPO Will Open From 1 December 2021. According to the Red Herring Prospectus (DRHP), this IPO will be open for subscription for three days and will close on December 3. 

This IPO will be purely Offer for Sale (OFS), that is, fresh shares will not be issued under the issue.

The sale of 1,36,69,478 equity shares will be done by the promoters and existing shareholders of the company under OFS. 

Under the OFS, promoter Madan Mohan Mohanka will sell 33.14 lakh equity shares and Manish Mohanka 6.63 lakh equity shares. 

Apart from this, Wagner, a company affiliated to TA Associates, a US-based global private equity firm, will sell its entire stake in this company. Wagner holds 96.92 lakh equity shares of the company. 

Wagner invested in Tega Industries in 2011. Presently, the promoter and promoter group hold 85.17 per cent stake in the company and Wagner holds 14.54 per cent.

Tega Industries IPO GMP Today

According to market experts, GMP of Tega Industries Limited IPO has Increase Up to Rs 310 in the grey market today. On Saturday Price Was Rs 240.

This means that the gray market is expecting Tega Industries shares to be priced at Rs 693 (Rs. 453 + Rs 240), which is 50 per cent higher than the issue price of the IPO.

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Tega Industries Limited IPO Overview

Name Of CompanyTega Industries Ltd
IPO SIzeRs 619 Cr
Application start/End date1 December 2021 – 3 December
IPO Allotment date10 december 2021
Issue TypeOffer For Sale OFS
face valueRs 10
Share price bandRs. 433 – Rs 453
Refund Initiation8th december 2021
Shares credit Date In Demat9 December 2021
Listing on exchange Date13-12-2021
GMP Gray Market Premium Value50 percent
listed onBSE, NSE

Financial Details

ParticularsFY21 FY20FY19
In Crore Rs
Revenue from Operations805.5684.8633.7
Profit after Tax136.465.532.7

Tega Industries Ltd IPO size

The IPO of Tega Industries is completely offer-for-sale (OFS), that is, through this the promoters of the company are preparing to raise 619.23 crores by selling their stake.

Tega Industries IPO lot size

Investors can bid in lots for the IPO of Tega Industries. The company will have 33 shares in one lot. An investor can bid for a maximum of 13 lots.

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Tega Industries Limited IPO Investment Limit

The company will have 33 shares in one lot and the upper price band of the IPO has been fixed at Rs 453. 

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This way the investor needs to invest a minimum of Rs 14,949 (453 x 33) to bid for an IPO. At the same time, to bid for a maximum of 13 lots, an investment of Rs 1,94,337 ( Rs 453 x 33 x 13) will have to be made.

Important Links

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