Tega Industries IPO Allotment Status, GMP: Check online on BSE, Link Intime - Know how to

Tega Industries IPO allotment status can be checked by visiting the websites of BSE and Link Intime after announcement.

Tega Industries IPO allotment status can be checked online on bseindia.com. Know the full process. (Tega Industries website)

Tega Industries, manufacturer of consumables for the mining industry, opened its initial public offer (IPO) for subscription between December 1 and December 3, 2021. It became the third most subscribed initial public offering (IPO) so far this year with more than 219 times bids on the last day of subscription on Friday. The issue received bids for 209.58 crore equity shares against an offer size of 95.68 lakh equity shares. Now, investors would be eager to know their Tega Industries IPO allotment status. And the good news is that the Tega Industries IPO GMP (grey market premium) is ₹345 today. 

As per the information provided by National Stock Exchange, 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. The finalization of basis of share allotment of Tega Industries IPO is expected to take place on Wednesday, December 8, 2021. Bidders who will receive the allotment will receive the credit of shares to their demat account on December 10, 2021. 

Once the allotment status is declared, 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.

Tega Industries IPO Allotment Status: How to check

On the BSE website:

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.

on IPO registrar's website

Step 1: Visit the official website of the registrar that is Link Intime India Private Limited by clicking on the link- https://linkintime.co.in/MIPO/Ipoallotment.html.

Step 2: Now, click Equity under issue type and then select issue name that is Tega Industries Limited - IPO.

Step 3: Enter either PAN Number, or Application Number, or DP/Client ID, or Account Number / IFSC.

Step 4: Click on 'I am not a Robot' and click on submit button.

It can be noted that after the end of the share allotment process, 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.

Talking about the company, Tega Industries is based in Kolkata and 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.