Tega Industries IPO was subscribed 219.04 times on the final day of issueThe finalisation of Tega Industries share allotment is likely to be done tomorrow - December 8.
The initial public offer (IPO) of the leading mining equipment and mineral manufacturer concluded on December 3.
The IPO was subscribed 219 times by the end of its bidding process.The IPO opened for subscription on December 1, and closed on December 3 - remaining open for investors for a period of three days.On the last day, the portion reserved for non-institutional investors wassubscribed 666.19 times-the highest among the three groups of investors.Tega Industries hadfixed the price band at Rs 443-453 per equity share for the IPO.
The Kolkata-based companyoffers a wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components used bycustomers across different stages of mining,mineral processing, andmaterial handling.The company plans to raiseRs 619.22 crore at the upper price band.
The IPO is entirely an offer-for-sale (OFS) of 1,36,69,478 equity shares by selling to shareholders and promoters.Here's how you cancheck the status of allotment on the website of BSE or the registrar's website Link Intime India.Tega Industries IPO: How to check share allotment statusSteps to check the status of allotment through the BSE website:Log in to https://www.bseindia.com/investors/appli_check.aspxSelect Tega Industries IPO from the listEnter your application numberProvide your PAN numberVerify that you are not a robot and click submit'Steps to check the status of allotment through the registrar's website (Link Intime India):Log in tolinkintime.co.in/MIPO/Ipoallotment.htmChoose 'Tega Industries IPO'from the drop-down listSelect one of the 3 modes application number, client ID or PAN IDThen, submit details of the mode you chose earlierFill Captcha and click submit'