Tega Industries' Rs 619.23 crore initial public offer (IPO) will open for subscription tomorrow - December 1, 2021. The Kolkata-based company is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry.
The offer will open for subscription on December 1, 2021, and will close on December 3 - remaining open for subscription for a period of three days.
Tega Industries has fixed the price band at Rs 443-453 per equity share for the IPO.
IPO Offer Details:
Tega Industries company plans to raise Rs 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. The company will not receive funds from the offer.
IPO Lot Size:
Investors can bid for a minimum of 33 equity shares and in multiples of 33 shares thereafter. The retail individual investors can make a minimum investment of Rs 14,949 per lot and maximum investment would be Rs 1,94,337 for 13 lots.
The objective of the IPO is to achieve the benefits of listing the equity shares on the stock exchanges.
Tega Industries was established in 1976 and offers a wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components used by customers across different stages of mining, mineral processing, and material handling.
The company's product portfolio comprises more than 55 mineral processing and material handling products. It is one of the world's largest producers of polymer-based mill liners.