Founded in 1976, Tega Industries started its functioning in 1978. Today the company is a globally acclaimed name in mineral beneficiation and mining. The INR 619 crore IPO closed subscription on 3 December 2021. Tega Industries IPO has become the third most subscribed public offering of the year.
Tega Industries IPO has been one of the much-anticipated IPOs, and a strong demand was seen from all kinds of investors. The company’s robust presence in consumable products that are required for the mining of copper and gold, makes its growth prospects very bright. In the first 2 days of its subscription, the public issue was subscribed almost 13.87 times.
Tega Industries IPO – Tentative timetable and other Details
|Opening Date||1 December 2021|
|Closing Date||3 December 2021|
|Price band per share||INR 443 to INR 453 a share|
|Issue Size||INR 619 crores|
|Tega Industries IPO Listing date||13 December 2021|
Watch out for this space for regular updates on Tega IPO.
How to check the Allotment Status of Tega IPO?
Once you have applied for the shares of an IPO, you need to wait for the allotment. The registrar of the IPO carries out the allotment process. Only when the allotment is complete, you would be able to get to know the actual number of shares that have been allotted to you.
One of the key advantages of submitting your application for Tega Industries IPO through TradeSmart is that we would keep you updated about the application process. Our emails and alerts will keep you informed about the status of your application.
You are given an application number or ID when you submit your application. When the process of allotment is complete, you would be able to check the status of your share allotment, through this ID. For this, you can visit the registrar’s website (Linkintime, Karvy).
Once you are on the website, go to Public Issues, under the drop-down box, the list of companies would be given. Select “Tega Industries”. Keep in mind that to check the allotment status you would need one of the following details, so keep them handy:
- Application Number
- DP Client ID
When you check the allotment status of Tega Industries IPO, you will see one of the following results:
- Not Allocated
Another way of checking the status of your bidding is to log into the NSE or BSE website. Go to Equity, and select Tega Industries from the select issue drop-down box. Once you submit all the required details, such as your PAN and the application number you would be able to check the Tega Industries allotment status.
Here is what the allotment result would look like:
- Application Number: RJ041486547054
- Name: Mr Jai Veer
- Shared Applied: 60
- Shares Allotted: 50
As Tega Industries deals in the manufacturing of mining-related consumables, and the mineral production in the country is showing steady growth, Tega Industries IPO is a recommended IPO as per experts’ view for long term gains.