Tega Industries debuted at Rs 753, reflecting a premium of 66.22 per cent from the issue price on BSE. It further zoomed 69.33 per cent to Rs 767.10. On NSE, it listed at Rs 760, a gain of 67.77 per cent.
The category for Retail Individual Investors (RIIs) received 2.10 times subscription while those meant for non-institutional investors got subscribed 7 per cent.
The IPO is purely an offer of sale 1,36,69,478 equity shares by promoters and an existing shareholder. It will open on December 1 and conclude on December 3, the company announced.
So far in 2021, as many as 51 companies have launched their IPOs to raise over Rs 1 lakh crore from the market, according to the analysis of data with exchanges.
As a part of the offer for sale, promoters Madan Mohan Mohanka will offload up to 33.14 lakh equity shares and Manish Mohanka will sell 6.63 lakh equity shares.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
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