Latest News | Tega Industries Shares List with Nearly 68 Pc Premium
Get latest articles and stories on Latest News at LatestLY. Shares of Tega Industries Ltd, manufacturer of consumables for the mining industry, on Monday listed with a premium of nearly 68 per cent against its issue price of Rs 453.
New Delhi, Dec 13 (PTI) Shares of Tega Industries Ltd, manufacturer of consumables for the mining industry, on Monday listed with a premium of nearly 68 per cent against its issue price of Rs 453.
It debuted at Rs 753, reflecting a premium of 66.22 per cent from the issue price on BSE. It further zoomed 69.33 per cent to Rs 767.10.
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On NSE, it listed at Rs 760, a gain of 67.77 per cent.
The initial public offer of Tega Industries received an overwhelming response from investors as it got subscribed a whopping 219.04 times on the last day of subscription on December 3.
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The initial public offer had a price range of Rs 443-453 a share.
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 above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)