Tega Industries IPO: Mining products maker Tega Industries is expected to begin the allocation of shares from its initial public offering on December 8, Wednesday. Tega Industries’ IPO saw a record subscription rate and bidders will be keen to hear the stock award on that day. They can check it in two ways, starting on Wednesday. The issue was subscribed 219.04 times of its total size. This indicates that the IPO of Tega Industries has received offers for 2,09 58 69,600 shares compared to the gross issue size of 95,686,636 shares offered for sale. The offer was taken out mainly with the support of non-institutional buyers, who showed a massive response.
Tega Industries’ IPO was the first such offering to open in December of this year. The first takeover bid was opened between December 1 and 3, a period during which it received a strong response from investors.
The issue was oversubscribed 219.04 times, as it received offers for 2,09 58 69,600 shares for 95 68,636 shares. The non-institutional buyers category was subscribed 666.19 times while qualified institutional buyers made offers for 215.45 times the shares reserved for them. In contrast, individual investors offered 29.44 times the share reserved for them.
The IPO of Tega Industries was getting a high premium on the gray market a day before its stock allocation. On Wednesday, Tega Industries GMP’s IPO was trading today at Rs 350, around 80% above its upper price range of Rs 453. The high gray market premium of Tega Industries IPO indicated a strong listing of the stock company later this month.
Tega Industries’ stock will be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Tomorrow, investors can check the status of their share award in two ways: i) through the ESB website, ii) through the registrar’s website Link Intime India. Read on to find out how.
How to check the award status of Tega Industries shares through the ESB website
a) Go to the official website of the ESB or the Bombay Stock Exchange. The link is (https://www.bseindia.com/investors/appli_check.aspx)
b) This will take you to a page called “Status of the issuance request”
c) After landing on the page, click on the âEquityâ option
d) In the drop-down menu that will appear next to the name of the problem, select the option “Tega Industries Limited”
e) Write your request number on the page
f) After that write your permanent account number or PAN
g) Click on the Captcha that says “I am not a robot” and click on Submit
h) After clicking on the option, details of your award status of your offer. The status will only be visible once the allocation of shares is finalized.
How to check Paytm IPO award status through Registrar website (Link InTime India)
a) Go to Link Intime India website using URL: (https://www.linkintime.co.in/IPO/public-issues.html)
b) Select the âTega Industries Ltdâ option from the drop-down list under âCompanyâ. The name will only be filled in if the allocation is finalized
c) You must select one of the three modes: Request number, Client ID or PAN ID
d) In the application type, select between ASBA and non-ASBA
e) Enter the details of the mode you selected in step B
f) Fill in Captcha and enter the âSubmitâ option. You will be able to see the status of your award after this, as the process has been completed
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