 "Tega Industries IPO subscribed 4.7 times on Day-1 on retail interest")
The IPO of Tega Industries was subscribed 4.7 times on Wednesday, the first day of the issue. The retail portion of the IPO was subscribed 7.5 times and the wealthy investor portion 4.2 times. Tega Industries is a manufacturer of consumables for the mining industry. Its IPO is entirely an offer for sale. The price band for the IPO is Rs 443 to Rs 453 per share. At the top-end, the company is valued at about 22 times it FY21 earnings and will have a market cap of Rs 3,000 crore.
RateGain IPO to open Dec 7
Rate Gain Travel Technologies’ IPO will open for subscription on December 07. The company has set the price band at Rs 405-425 per share. RateGain is a leading Software as a Service (“SaaS”) company catering to the hospitality and travel industry. Its IPO comprises of Rs 375 crore fresh fund raise and an offer for sale of Rs 960 crore.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%