Tega Industries IPO: Opens tomorrow; find key details before investing

Tega Industries IPO: Opens tomorrow; find key details before investing

 Leading polymer-based mill liners producer Tega Industries Limited initial public offering (IPO) will be open for public subscription on Wednesday, December 1, 2021. The issue will close on Friday, December 3, 2021.

The price band for the initial public offering worth RS 619.23 crore has been fixed at RS 443-453 per equity share. Retail investors can place a bid for a lot of 33 equity shares and in multiples thereof for a maximum of 13 lots. Retail investors can invest a minimum of RS 14,949 for a single lot, and their maximum investment would be RS 1,94,337 for 13 lots.

The public offer is an offer for sale (OFS) of 1,36,69,478 equity shares by the promoters and an existing shareholder. As a part of the OFS, promoters Madan Mohan Mohanka will offload up to 33.14 lakh equity shares and Manish Mohanka will sell 6.63 lakh equity shares. In addition to this, Wagner, an affiliate of the US-based private equity firm TA Associates, will offload 96.92 lakh equity shares through the OFS.

Also Read : Star Health and Allied Insurance IPO opens today: Should you subscribe?

The company will not receive any proceeds from the Offer and all such proceeds will go to the Selling Shareholders.

Tega Industries IPO Tentative Timetable

The Tega Industries IPO open date is Dec 1, 2021, and the close date is Dec 3, 2021. The issue may list on Dec 13, 2021.

IPO Open DateDec 1, 2021
IPO Close DateDec 3, 2021
Basis of Allotment DateDec 8, 2021
Initiation of RefundsDec 9, 2021
Credit of Shares to Demat AccountDec 10, 2021
IPO Listing DateDec 13, 2021

Tega Industries IPO Details

IPO Opening DateDec 1, 2021
IPO Closing DateDec 3, 2021
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹443 to ₹453 per equity share
Market Lot33 Shares
Min Order Quantity33 Shares
Listing AtBSE, NSE
Issue Size13,669,478 EQ Shares of ₹10
(aggregating up to ₹619.23 Cr)
Offer for Sale13,669,478 EQ Shares of ₹10
(aggregating up to ₹619.23 Cr)

Shares of Tega Industries will be listed on both National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and the shares are likely to be listed on December 13, 2021.

Tega Industries, established in 1976, is a leading manufacturer and distributor of specialized 'critical to operate' and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry, on the basis of sales as of June 30, 2021 (Source: F&S Report).

Globally, the Kolkata-based company is the second-largest producer of polymer-based mill liners, on the basis of revenues as of June 30, 2021 (Source: F&S Report). It offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through our wide product portfolio.

Madan Mohan Mohanka, Manju Mohanka, Manish Mohanka, Mehul Mohanka and Nihal Fiscal Services Private Limited are the company promoters.

Comments

Post a Comment

Popular posts from this blog

Stocks in today's news: Bharti Airtel, Tech Mahindra, HDFC Bank and others

Image
  Stocks in today’s News: Check out the companies making the biggest headlines before the stocks market open. Results on October 26 :  Stocks in today’s News  Axis Bank, Kotak Mahindra Bank, Bajaj Finance, ABB India, Cipla, Ambuja Cements, Asahi Songwon Colors, Best Agrolife, Birlasoft, Canara Bank, Central Bank of India, Century Enka, Cera Sanitaryware, Coromandel Engineering, Gati, Greaves Cotton, Greenlam Industries, Hikal, IRB Infrastructure Developers, Jindal Stainless, Dr Lal PathLabs, Mahindra Lifespace Developers, Meghmani Finechem, Mahanagar Gas, Meghmani Organics, Mangalore Refinery & Petrochemicals, Nippon Life India Asset Management, Persistent Systems, PI Industries, Sharda Cropchem, Shiva Cement, Surya Roshni, Symphony, Torrent Pharmaceuticals, Triveni Turbine, Wabco India, and Zensar Technologies will release September quarter earnings on October 26. Ceat :  The company reported sharply lower profit at RS 42 crore in Q2FY22 against RS 181.9 crore i...
Read more

LIC IPO : Dates, Issue Price, GMP, Subscription, Share Analysis and Allotment

Image
LIC IPO : LIC is the largest insurance provider company in India. It has a market share of above 66.2% in new business premium. The company offers participating insurance products and non-participating products like unit-linked insurance products, saving insurance products, term insurance products, health insurance, and annuity & pension products. As of 30 Sep 2021, it has a total AUM of Rs. 39 lakh crores. LIC operates through 2048 branches, 113 divisional offices, and 1,554 Satellite Offices. It operates globally in Fiji, Mauritius, Bangladesh, Nepal, Singapore, Sri Lanka, UAE, Bahrain, Qatar, Kuwait, and the United Kingdom. LIC appoints insurance veteran Sunil Agrawal as CFO Life Insurance Corp of India(LIC) has appointed Sunil Agrawal as the chief financial officer, according to people familiar with the matter, as the state-backed insurer prepares for the nation’s largest initial public offering (IPO). Agrawal’s appointment marks the first time LIC has hired an outsider for the...
Read more

LIC Housing Finance share price surges 13% as Q3 PAT rises to Rs 767 crore

Image
LIC Housing Finance share price jumped over 13 percent in the morning session on January 28, a day after the company declared its December quarter results. The mortgage lender reported a 6 percent increase in profit after tax at Rs 767.33 crore for the quarter ended December 2021, aided by higher collections and drop in provisions. It had reported a profit after tax of Rs 727.04 crore in the same period of the previous fiscal. "The income levels were more or less maintained. Our collections were good during the three months of the quarter. Recovery also picked up across all the regions. "Even the provisions were less in the quarter because of the provisions we had made earlier," the company's Managing Director and CEO Y Viswanatha Gowd said. Also Read :  LIC Housing Finance shares trade lower after 69% plunge in Q2 profit The lender reported better growth in the quarter due to higher disbursements during the festive season. The LIC Housing Finance shares was trading ...
Read more