Tega Industries IPO share allotment likely today. Check out grey market premium, listing date
After entering a astral response to its original public immolation on December 1-3, Tega Diligence is set to finalise the allotment on Wednesda The public issue saw a massive subscription of219.04 times with support from all kinds of investors, getting flings for209.58 crore equity shares against an offer size of95.68 lakhs. The reticent portion for good institutional buyers saw the loftiest ever subscription of215.45 times at least in a decade Non-institutional investors had put in flings666.19 times the portion set away for them, and retail investors bought shares29.44 times their reserved portion.
Ahead of its table, the company is trading at a slate request decoration of Rs 350 or nearly 80 percent at the upper price band of the issue, as per data from IPO Watch The company mopped up Rs 619 crore from the public issue that was entirely an offer-for- trade. Hence, the company won’t get any plutocrat from the offer. The price band was Rs 443-453 per share.
How to check the share allotment status?
After the finalisation of the base of allotment, the share allotment can be checked moreover on the website of the BSE or the IPO register On the BSE website, follow these three way Select issue type( Equity), and issue name (Tega Diligence Limited) Enter Operation Number and Visage Number And eventually check box (I ’m not a robot) and click on hunt button On IPO register’s website, follow these way Select Company Name (Tega Diligence Limited-IPO) Select and consequently enter either Visage Number, or Operation Number, or DP/ Customer ID, or Account Number/ IFSC
.And eventually enter captcha and click on submit button After the share allotment process is complete, the company will reimburse plutocrat to unprofitable investors by December 9, and will credit shares to the demat accounts of eligible investors by December 10 The company will make its debut on the BSE and NSE on December 13.
Tega Diligence’ shares are available above Rs 800 per share in the slate request as per IPO Watch and IPO Central Ujjawal Kumar, Research Analyst at Green Portfolio stressed why the slate request decoration is justified. “ The company makes specialised critical products with high walls to relief or negotiation. It’s isolated from mining capex cycles as its products feed to after- request spends, furnishing recreating earnings. Tega also has long- standing connections with marquee global guests supported by global manufacturing and deals capabilities,” he said.
Kumar said the company has constantly bettered its ROCE ( return on capital employed) and periphery profile over the last couple of times. He believes the IPO isn’t precious, given the quality of the business Tega diligence is a leading manufacturer and distributor of specialised‘ critical to operate’and recreating consumable products for the global mineral beneficiation, mining and bulk solids handling assiduity. Encyclopedically, it’s the second largest directors of polymer- grounded shop liners, on the base of earnings as of June 30.
