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Lists at 68% premium to IPO price

Material Equipment Manufacture Industry | Tega Industries

Mumbai: Tega Industries made a strong stock market debut on Monday, listing at a 68% premium to its IPO price of ?453 per share. The stock, which was listed at ?760, ended at ?725.50, which was 60% above its issue price.

The ?619 crore-IPO of Tega Industries was subscribed over 219 times thanks to strong interest from High Networth Individuals (HNIs) and institutional bidders. The QIB (qualified institutional buyer) portion saw historic bidding as their portion received the most bids....

Read More at https://economictimes.indiatimes.com/markets/ipos/fpos/tega-industries-lists-at-a-68-premium-to-ipo-price/articleshow/88266726.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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