In the corona era, there are many opportunities to earn through an initial public offering (IPO). There are many such IPOs that have made investors richer in the moment. In the coming days, many other companies will also come up with IPOs. One of these companies is Tega Industries, which manufactures consumables for the mining industry.
Applied to SEBI: Tega Industries has applied to market regulator SEBI for the IPO market. Under the IPO, there will be an offer to sell 1,36,69,478 equity shares from promoters and existing shareholders. Under the offer for sale (OFS), promoters Madan Mohan Mohanka will sell 33.14 lakh equity shares and Manish Mohanka will sell 6.63 lakh shares.
In addition, Wagner, a subsidiary of US-based private equity firm TA Associates, will sell 96.92 lakh equity shares. The company has appointed Axis Capital and JM Financial as merchant bankers to advise on the public issue. The company’s shares are listed on BSE and NSE.
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What is an IPO: The IPO is called the initial public offering. Usually companies bring their shares to the general public before they are listed on the stock market. These shares have been kept in sufficient quantity. Retail investors can place bets on lots.
