Tega Industries: IPO Opens On December 1, Check Details

Tega Industries: IPO Opens On December 1, Check Details

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Business oi-Sneha Kulkarni

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Tega Industries Ltd’s initial public offering (IPO) will open for subscription on December 1 and finish on December 3. The company intends to list on stock exchanges on December 13th. Tega Industries was founded in 1976 and is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the mineral beneficiation, mining, and bulk solids handling industries around the world.

Tega Industries: IPO Opens On December 1, Check Details

Customers use the company’s specialist abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components across many phases of mining and mineral processing, screening, grinding, and material handling.

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

The initial public offering (IPO) comprises of a pure offer for sale of up to 13.67 million shares by the company’s current shareholders and promoters.

According to DRHP, Modan Mohan Mohanka would sell up to 3.31 million shares, Manish Mohan will sell up to 0.66 million shares, and Wagner Ltd, a subsidiary of the US-based private equity company TA Associates, will sell up to 9.69 million shares.

Tega IPO Details
Subscription Dates 1 – 3 December 2021
Price Band Coming soon
Fresh issue NIL
Offer For Sale 13,669,478 shares
Total IPO size 13,669,478 shares
Minimum bid (lot size) Coming soon
Face Value INR10 per share
Retail Allocation 35%
Listing On NSE, BSE

Story first published: Thursday, November 25, 2021, 11:11 [IST]

Original news source Credit: www.goodreturns.in



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