INSUBCONTINENT EXCLUSIVE:
Tega Industries' IPO will open on December 1, 2021Tega Industries' initial public deal (IPO), which deserves Rs 619.23 crore, will open for
membership on December 1, 2021 and close on December 3, 2021
It is a market (OFS) of 1,36,69,478 equity shares by the promoters and an existing shareholder.As a part of the OFS, promoters Madan Mohan
Mohanka will offload up to 33.14 lakh equity shares and Manish Mohanka will sell 6.63 lakh equity shares.In addition to this, Wagner, an
affiliate of the US-based personal equity company TA Associates, will unload 96.92 lakh equity shares through the OFS.The cost band has been
set at Rs 443-453 a share and at the upper end of the rate band, the initial public offering is anticipated to bring Rs 619.22 crore.The
Kolkata-based Tega Industries offers extensive services to international clients in mineral beneficiation, mining and bulk solids dealing
with industry, through its broad product portfolio.A bidder will be able to request the general public offer in lots and one lot will
consist of 33 company shares
Shares of Tega Industries will be noted on both National Stock Market (NSE) and Bombay Stock Exchange (BSE) and the shares are most likely
to be noted on December 13, 2021.
