Business Standard

Tega Industries Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

619.23 cr

Price Range (₹)

453

Lot Size

33

Min Investment (₹)

14,949.00

Listing Exchange

MumbaiNSE

Open Date

01-Dec-2021

Close Date

03-Dec-2021

Listing Date

13-Dec-2021

Tega Industries Ltd News

    The Shares of Tega Industries Ltd have now been listed.

    Tega Industries Ltd IPO Details

    Initial public offering of 13,669,478* equity shares of face value of Rs. 10 each (The Equity Shares) of Tega Industries Limited (The Company or the Issuer) for cash at a price of Rs. 453 per equity share (including a share premium of Rs. 443 per equity share) (The Offer Price) aggregating to Rs. 619.23* crores (The Offer) comprising an offer for sale of 3,314,657* equity shares aggregating to Rs. 150.15* crores by Madan Mohan Mohanka, 662,931* equity shares aggregating to Rs. 30.03 crores by Manish Mohanka (together with Madan Mohan Mohanka, The Promoter Selling Shareholders) and 9,691,890* equity shares aggregating to Rs. 439.04* crores by Wagner Limited (Investor Selling Shareholder) (and together with the promoter selling shareholders, the Selling Shareholders and such equity shares offered by the selling shareholders, the Offered Shares). The offer constitutes 20.62 % of the postoffer paid-up equity share capital.The face value of equity shares is Rs. 10 each. The offer price is 45.3 times the face value of the equity shares.*Subject to finalization of basis of allotment.Bids can be made for a minimum of 33 equity shares and in multiples of 33 equity shares thereafter.

    Objective of issue

    Listing of Shares on the Stock Exchanges.

    Tega Industries Ltd Contact Details

    Tega Industries Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - compliance.officer@tegaindustries.com

    Website - www.tegaindustries.com