Tega Industries mops up Rs 185.76 crore from anchor investors ahead of IPO

Tega Industries mops up Rs 185.76 crore from anchor investors ahead of IPO

Tega Industries IPO | Key participants in the anchor book were SBI Mutual Fund, ICICI Prudential, HDFC Trustee Company, Axis Mutual Fund, Aditya Birla Sun Life Trustee, Kotak Mutual Fund, and Tata Mutual Fund.





November 30, 2021 / 09:07 PM IST





Representative image



Tega Industries, the leading polymer-based mill liners producer, on November 30, mobilised Rs 185.76 crore from 25 anchor investors ahead of its initial public offering (IPO) for other investors.

The issue will open for subscription on December 1 and will close on December 3. The price band for the offer has been fixed at Rs 443-453 per equity share.

Tega Industries, in consultation with book running lead managers, has finalised allocation of 41,00,842 equity shares to anchor investors at upper price band of Rs 453 per equity share, as the per the company's BSE filing.

Key participants in the anchor book were SBI Mutual Fund, ICICI Prudential, HDFC Trustee Company, Axis Mutual Fund, Aditya Birla Sun Life Trustee, Kotak Mutual Fund, and Tata Mutual Fund.

Also read - Tega Industries IPO Opens Tomorrow: 10 key things to know before you subscribe

Among other investors, Goldman Sachs, BNP Paribas Arbitrage, Kuber India Fund, Elara India Opportunities Fund, and Ashoka