The initial share-sale of Tega Industries, manufacturer of consumables for the mining industry, will open for public subscription on December 1. The three-day initial public offering (IPO) will conclude on December 3, according to the red herring prospectus (RHP).
The IPO is purely an offer-of-sale of 1,36,69,478 equity shares by promoters and an existing shareholder. As a part of the OFS, promoters Madan Mohan Mohanka will offload up to 33.14 lakh equity shares and Manish Mohanka will sell 6.63 lakh equity shares.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.