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Tega Industries’ banging entry, bumper profits given to investors, know how many listed shares

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Tega Industries Shares Listing: The listing of shares of Tega Industries has been done on BSE and NSE today and it has entered the market with bumper listing gains. It has been listed with a premium of about 68 percent against the issue price of Rs 453. Shares of Tega Industries are listed on NSE at Rs 760 and on BSE its shares are listed at Rs 753.

Tega Industries shines in GMP
The IPO of Tega Industries was picked up by the investors and it was visible with a handsome premium even in the gray market after being subscribed 219 times. Its rate in GMP was running with a premium of 82 percent.

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Tega Industries IPO Details
The company plans to raise Rs 619.23 crore through IPO. The company’s IPO was open for subscription from December 1 to December 3 in which minimum bidders could bid for one lot. Investors got 33 equity shares in one lot. Tega Industries had fixed a price band of Rs 443-453 per share for its IPO and within an hour of the IPO opening, the company’s IPO was fully subscribed. Tega Industries has also raised Rs 186 crore from anchor investors.

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Get to know Tega Industries
As a mining industry company, Tega Industries has its business mostly outside India but its business model sets it apart from its peers. The company is the second largest manufacturer of polymer based mill liners and has two plants in Gujarat and one in West Bengal in India. Talking about abroad, the company also has plants in Chile, South Africa and Australia.

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