Tega Industries IPO Allotment Date, Status to be uploaded online on bseindia.com; know GMP

Tega Industries, manufacturer of consumables for the mining industry, opened its initial public offer (IPO) for subscription between December 1 and December 3, 2021. The Tega Industries IPO became the third-most subscribed offering so far in 2021 with more than 219 times bids on the last day of subscription on Friday. According to the National Stock Exchange, the issue received bids for 209.58 crore equity shares against an offer size of 95.68 lakh equity shares. The category for non-institutional investors got subscribed 666.19 times, Qualified Institutional Buyers (QIBs) received 215.45 times subscription, and Retail Individual Investors (RIIs) 29.44 times.

Now, investors who have bid for the Tega Industries IPO would be eager to know their allotment status. To add on to the excitement, Tega Industries GMP ( Grey Market Premium) was at ₹345 today. Meanwhile, it can be noted that the finalization of basis of share allotment of Tega Industries IPO is expected to take place on Wednesday, December 8, 2021.

Once the allotment status is announced, bidders can check if they have received the allotment or not by visiting the official website of the registrar for this IPO that is Link Intime India Private Ltd, or by visiting the official BSE website.

Here is how you can check Tega Industries IPO allotment status on BSE:

Step 1: Visit the official website of BSE by clicking on the link- https://www.bseindia.com/investors/appli_check.aspx.

Step 2: Now you will have to select issue type (Equity), and issue name (Tega Industries Limited).

Step 3: Now you will have to provide your Application Number and PAN Number.

Step 4: Finally click on check box (I'm not a robot) and click on search button.

Bidders who will receive the allotment will receive the credit of shares to their demat account on December 10, 2021. While the amount will be refunded to bidders who did not receive the allotment share by December 9. Also, the company will make its debut on the BSE and NSE on December 13.

Kolkata based Tega Industries offers comprehensive solutions to marquee global clients in the mineral beneficiation, mining, and bulk solids handling industry through its wide product portfolio. The firm has six manufacturing sites, including three in India, at Dahej in Gujarat and at Samali and Kalyani in West Bengal, and three sites in major mining hubs of Chile, South Africa and Australia.