Tega Industries IPO To Open On December 1. Read More About It

Tega Industries' preliminary public supply (IPO), which is price Rs 619.23 crore, will open for subscription on December 1, 2021 and shut on December 3, 2021.It is a suggestion on the market (OFS) of 1,36,69,478 fairness shares by the promoters and an present shareholder.As part of the OFS, promoters Madan Mohan Mohanka will offload as much as 33.14 lakh fairness shares and Manish Mohanka will promote 6.63 lakh fairness shares.In addition to this, Wagner, an affiliate of the US-based non-public fairness agency TA Associates, will offload 96.92 lakh fairness shares by the OFS.The value band has been set at Rs 443-453 a share and on the higher finish of the value band, the preliminary public providing is anticipated to fetch Rs 619.22 crore.The Kolkata-based Tega Industries gives complete options to worldwide shoppers in mineral beneficiation, mining and bulk solids dealing with trade, by its broad product portfolio.A bidder will have the ability to apply for the general public supply in heaps and one lot will encompass 33 firm shares. Shares of Tega Industries will probably be listed on each National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and the shares are more likely to be listed on December 13, 2021.