Tega Industries IPO to open on December 1, 2021
Tega Industries’ initial public offer (IPO), priced at Rs 619.23 crore, will open for subscription on December 1, 2021 and close on December 3, 2021.
It 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, promoter Madan Mohan will sell 33.14 lakh equity shares to Mohanka and Manish Mohanka 6.63 lakh equity shares.
In addition, US-based private equity firm TA Associates will sell 96.92 lakh equity shares through Wagner OFS, an affiliate.
The price band has been set at Rs 443-453 per share and at the upper end of the price band, the initial public offering is expected to fetch Rs 619.22 crore.
Kolkata based Tega Industries through its wide product portfolio provides comprehensive solutions to international clients in mineral beneficiation, mining and bulk solids handling industry.
A bidder will be able to apply for public offering in lots and one lot will have 33 shares of the company. The 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.
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