Tega Industries IPO opens on December 1, price band to be released soon

Tega Industries IPO opens on December 1, price band to be released soon

Tega Industries IPO | The IPO is entirely an offer for sale by promoters and investors. Hence, the company will not get any funds from the offer.





November 25, 2021 / 01:29 PM IST





Tega Industries IPO



Tega Industries, the second largest producer of polymer-based mill liners in terms of revenue, is set to launch its initial public offering of 1,36,69,478 equity shares for subscription on December 1. The offer will close on December 3. The company will disclose its IPO price band and lot size in the coming days.

The IPO is entirely an offer for sale by promoters and investors. Hence, the company will not get any fund from the offer.

Promoters Madan Mohan Mohanka and Manish Mohanka will sell 33,14,657 equity shares and 6,62,931 equity shares, respectively, through the offer for sale, and the remaining 96,91,890 equity shares will be offloaded by investor Wagner.

Tega Industries is a leading manufacturer and distributor of specialized 'critical to operate' and recurring consumable products for the global mineral beneficiation, mining and bulk solids handling industry. Its product portfolio comprises more than 55 mineral processing and material handling products.

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The company started operations