Tega Industries’ initial public offering (IPO) worth Rs 619.23 crore will be open for subscription on December 1, 2021 and will expire on December 3, 2021.
This is a sale offer (OFS) of 1,36,69,478 shares of the advertisers and existing shareholder.
As part of the OFS, advertisers will issue 33.14 lakh equity shares of Madan Mohan Mohanka and Manish Mohanka will sell 6.63 lakh equity shares.
In addition, Wagner, a subsidiary of US-based private equity firm DA Associates, will offload 96.92 million equity shares through OFS.
The stock is priced at Rs 443-453 and at the top end of the price group, the initial public offering is expected to reach Rs 619.22 crore.
Kolkata-based Deha Industries offers a wide range of solutions in the field of mineral resources, mining and bulk solids to international clients through its extensive product portfolio.
An auctioneer can apply for a public offering lot and a lot of 33 company shares. Shares of Deha Industries will be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), and the shares will be listed on December 13, 2021.