Tega Industries IPO: Tega Industries Limited’s shares are likely to be listed on the stock exchanges on Monday, December 13, when the company made its first initial public offering or IPO. The IPO of Tega Industries, which opened for three days earlier this month, received an overwhelming response from investors. Tega Industries IPO was subscribed 219.04 times its issue size, and has been declared as the third most subscribed offering this year as per the report. Shares of Tega Industries Limited will be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Monday.
Tega Industries IPO subscription status
Tega Industries Limited, a leading manufacturer and distributor of mining products, opened its public offering from December 1 to December 3, during which it received a strong response from investors, mostly non-institutional buyers. The IPO of Tega Industries received bids for 2,09,58,69,600 shares, while the issue size was 95,68,636 shares for sale.
The category of non-institutional buyers was subscribed 666.19 times, while qualified institutional buyers bid for 215.45 times of the shares reserved for them. On the other hand, retail investors bid for 29.44 times of the share reserved for them.
Tega Industries’ IPO GMP today and what it suggests
The unlisted shares of Tega Industries IPO have been trading at a higher premium in the gray market for the past few days. According to market observers, as on Friday, December 10, Tega Industries shares were offering a gray market price of Rs 300. The gray market premium of Tega Industries IPO was 66 per cent higher than the high end of the issue price of Rs 453. Strong market response and high gray market premiums indicate a bumper listing for Tega Industries shares in the stock market.
Tega Industries Share Allotment Status
The share allotment of Tega Industries can be checked in two ways – through the BSE website and through the Registrar’s website. Before listing, investors would be interested to know whether they have received shares of Tega Industries during the IPO or not. Here’s how to check it:
How to Check Tega Industries Share Allotment Status through BSE Website
a) Visit the official website of BSE or Bombay Stock Exchange. The link is (https://www.bseindia.com/investors/appli_check.aspx)
b) It will take you to a page named ‘Status of Issue Application’.
c) After visiting the page click on ‘Equity’ option
d) From the drop down menu which will be displayed next to the name of the issue, select the option ‘Tega Industries Limited’
e) Write your application number on the page
f) After that enter your Permanent Account Number or PAN
g) Click on the captcha that says ‘I am not a robot’ and click on submit
h) After clicking on the option, the details of allotment status of your bid. The status will be visible only after the share allotment is finalised.
How To Check Tega Industries Through Registrar’s Website (Link Intime India)
a) visit link intime India Website using URL: (https://www.linkintime.co.in/IPO/public-issues.html)
b) Select the option ‘Tega Industries Limited’ from the drop-down list under ‘Company’. Name will be filled only after finalization of allotment
c) You have to select any one of the three modes – Application Number, Client ID or PAN ID
d) In Application Type, choose between ASBA and Non-ASBA
e) Enter the details of the mode selected by you in Step B
f) Fill the captcha and enter the option ‘Submit’. After this you will be able to see your allotment status, given that the process is done.
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