Tega Industries IPO Listing Date: Tega Industries shares are going to hit Dalal Street today as it will be available for trading on both NSE and BSE from 10 am today. According to stock market experts, the shares of Tega Industries may have a bumper debut today and may be listed in the range of from 750 The 800 level is giving up to 75 per cent listing benefit to the allottees.
Speaking on Tega Industries’ IPO Listing Price Prediction; Ravi Singhal, Vice Chairman, GCL Securities said, “Tega Industries shares may have a bumper opening on Dalal Street today as it is expected to list around. 780 to The 800 levels provide up to 75 per cent listing benefits to allottees.”
Resonating with the thoughts of Ravi Singhal; Abhay Doshi, Founder, UnlistedArena.com, said, “As the broader market sentiment stabilizes, we will see a ripple effect amongst the cluster of IPOs in the primary markets as well. The response to the Tega Industries IPO was overwhelming from all sectors. The issue price is reasonably priced. I expect a good listing for Tega Industries shares and it may get listed in the range of from 700 About 60 to 65 percent of listings for 750 lucky bidders yield a profit.”
Tega Industries IPO on Listing Price; Aparajita Saxena, Research Analyst at Trustline Securities, said, “Tega Industries Ltd. has established a track record with industry leading position due to good quality of trading with low leverage, high liquidity in the book and high margins- for its marquee clients. Catering. Strong R&D Capabilities Low Current Utilization and Solid Financial Performance. With reasonable valuations and positive sentiments surrounding this IPO, the listing price could be around Including listing benefit in 753 300 per share.”
Predicting listing profit of up to 70 per cent for allottees; Ravi Singh, Research Head and Vice President, ShareIndia said, “We expect Tega Industries to list in this range. from 675 765 is paying around 50 to 70 per cent premium to the allottees.”
Tega Industries IPO GMP
As per market observers, Tega Indsutries IPO GMP is today 310, which is 10 more than yesterday’s gray market premium (GMP) 300. Market observers said that 310 GMP simply means the gray market is expecting Tega Industries share price to be around the list 763 ( 453 + 310), nearly 70 percent above its price band from 443 453 per equity share.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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