Tega Industries Limited IPO
Tega Industries Limited was a mainboard IPO in the Industrial Products sector, offered at ₹443–₹453 per share to raise ₹619 crore. The issue was subscribed 219.04× overall (QIBs 215.45×, NIIs 666.19×, retail 29.44×). It listed on 13 Dec 2021 at ₹760 and closed its first day at ₹726, a listing gain of +60.3% versus the ₹453 issue price. It now trades around ₹1,683 (+271.6% versus the issue price).
Frequently asked questions
- How many times was the Tega Industries Limited IPO subscribed?
- The Tega Industries Limited IPO was subscribed 219.04× overall — 215.45× in the QIB category, 666.19× among non-institutional investors, 29.44× in retail.
- What were the Tega Industries Limited IPO listing gains?
- Tega Industries Limited listed on 13 Dec 2021 at ₹760, closing its first day at ₹726 — a listing gain of +60.3% versus the ₹453 issue price.
- What were the retail allotment odds for the Tega Industries Limited IPO?
- Retail was subscribed 29.44×, so a single-lot application had roughly a 3.4% chance of allotment (about 1 in 29), and allotment was finalised on 7 Dec 2021.
- What was the price band and lot size of the Tega Industries Limited IPO?
- The price band was ₹443–₹453 per share, with a minimum lot of 33 shares (₹14,949 at the upper band).
- Who were the registrar and lead manager for the Tega Industries Limited IPO?
- Link Intime India Private Limited was the registrar, and Axis Capital was the book-running lead manager.