Tega Industries IPO opens today: Apply for big listing gain and long-term, says Anil Singhvi

The initial public offer (IPO) of Tega Industries is all set to open from December 1, 2021. The three-day share sale will conclude on December 3. Tega Industries IPO has fixed a price band of Rs 443-453 a share for its Rs 619-crore initial share-sale.  Investors can bid for a minimum of 33 equity shares and in multiples thereof.

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The IPO is purely an offer of sale of 1,36,69,478 equity shares by promoters and a existing shareholder. 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. In addition, Wagner, an affiliate of the US-based private equity firm TA Associates, will offload 96.92 lakh equity shares through the offer for sale.

Currently, promoter and promoter group hold 85.17 per cent stake in the company and Wagner owns 14.54 per cent shareholding.

आज से टेगा इंडस्ट्रीज का #IPO, प्राइस बैंड ₹443-453/शेयर

टेगा इंडस्ट्रीज के IPO में क्या करें?

जानिए अनिल सिंघवी से...#EditorsTake | #TegaIndustriesIPO | #TegaIndustries #IPOtoInvest #IPOAlert pic.twitter.com/4eEzVxbA7B

— Zee Business (@ZeeBusiness) December 1, 2021

What should investors do?  

Ahead of opening of the IPO for public subscription, Zee Business Managing Editor Anil Singhvi has recommended to apply for this issue for big listing gain and for long-term.

Strong growth and financial track record, experienced promoters and attractive valuations are big positives for the company, said Zee Business Managing Editor. He said, however, risk due to global presence and very small size of the company are some negative aspects.  

Meanwhile, Tega Industries has reserved half of the issue size for qualified institutional buyers (QIBs), 15 per cent for non-institutional investors and 35 per cent for retail investors.  

The Kolkata-based manufacturer of consumables for the mining industry will see the shares of the company listed on both BSE and NSE.  

Tega Industries IPO full timeline  

Application start date: December 1, 2021  

Application end date: December 3, 2021  

Allotment beginning date: December 8, 2021  

Refund initiation date: December 9, 2021  

Allotment date: December 10, 2021  

Listing Date: December 13, 2021

Tega Industries offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining and bulk solids handling industry, through its wide product portfolio.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)