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Tega Industries trades at solid premium in grey market

After seeing a record rush from qualified institutional buyers (QIB) for its public offering, Tega Industries is slated to go listed on December 13.

Its first public issue, floated on December 1, broke all records of subscription from QIBs in the last decade. By the closing on December 3, the QIB portion was booked 215.5 times, while the issue was oversubscribed by 219 times.

The allotment of Tega Industries shares was finalised on December 8 and the share would be credited to the investors’ demat accounts on December 10.