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.