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Tega Industries IPO opens today: 10 key things to know about the company, issue

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Tega Industries IPO: Investors can bid for a minimum of 33 equity shares and in multiples of 33 shares thereafter. Retail investors can make a minimum investment of Rs 14,949 per lot and their maximum investment would be Rs 1,94,337 for 13 lots.

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Tega Industries IPO, which manufactures and distributes specialised ‘critical to operate’ and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry, will float a public issue on December 1.

Let’s take a look at the 10 key things to know before subscribing to the issue:

1. IPO Dates
The offer will open for subscription on December 1, 2021, and the last date for subscribing to the offer is fixed at December 3, 2021.

2. Price Band
The Kolkata-based company has fixed the price band at Rs 443-453 per share.

3. Offer Details
The company plans to mop up 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. Hence, the company will not get any fund from the offer.

Promoters Madan Mohan Mohanka and Manish Mohanka will sell 33,14,657 equity shares

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