Tega Industries IPO created a history when it was oversubscribed by 219.04 times on Friday. In the process, the initial public offer also named a unique feat to its name by receiving the highest bids in a decade from qualified institutional buyers (QIB). The QIBs category was subscribed 215.45 times. Before Tega Industries, the QIB portion of HDFC Asset Management Company was subscribed most by 192.26 times, followed by Indigo Paints 189.57 times, Tatva Chintan 185.23 times and Mrs. Bectors Food Specialties 176.85 times.

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Earlier, on Friday, The IPO received bids for 2,09,58,69,600 equity shares as compared to 95,68,636 equity shares reserved overall.

The Non-Institutional Investors (NIIs) quota booked the issue over 666 times, while retail investors potion saw almost 30 times bidding on the final day.

Tega Industries IPO share allotment is likely to begin from December 8, 2021 and would be finalized by December 10, 2021, as per discount broker Upstox.  Shares of Tega Industries is likely to list on exchanges on December 13, 2021.  

Meanwhile, those who have applied for this issue can check the IPO allotment status on the BSE official website and Link Intime India Private Ltd, registrar of the IPO.  

Tega Industries IPO Allotment Status Check on BSE

Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.  
Step 2: Select ‘equity’ option and then issue name – ‘Tega Industries IPO’ from the dropdown
Step 3: Enter your application number and PAN card number.  
Step 4: Check 'I am not a robot' and hit submit to know the status.

See Zee Business Live TV Streaming Below:

https://www.linkintime.co.in/MIPO/Ipoallotment.html  
Step2: On this page enter issue name, which is Tega Industries IPO, once activated
Step 3: Enter Pan Card details
Step 4: Proceed to next step and enter application number and finally client ID
Step5: After filling all the boxes with right details, hit submit to know the allotments status.
About the IPO:  

Tega Industries had fixed price band of Rs 1,120-1,180 per equity share for this offer. The initial public offering is expected to raise Rs 2,073 crore.    

The IPO is an entirely an offer for sale (OFS) of 1,75,69,941 equity shares by promoters and existing shareholders. As a part of the OFS, QSR Management Trust will sell 8.50 lakh shares, Sapphire Foods Mauritius Ltd will offload 55.69 lakh shares, WWD Ruby Ltd will divest 48.46 lakh shares and Amethyst will offer 39.62 lakh shares. 

In addition, AAJV Investment Trust will sell 80,169 shares, Edelweiss Crossover Opportunities Fund will offload 16.15 lakh shares and Edelweiss Crossover Opportunities Fund-Series II will divest 6.46 lakh shares.