Tega Industries IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Tega Industries IPO GMP Today, Tega Industries IPO Grey Market Premium Updates | Tega Industries IPO Listing Gain, Latest target, Opening gain

Tega Industries IPO date fixed, the initial public offer (IPO) to hit the market on December 1, 2021. Tega Industries IPO to raise ₹619 crores via IPO. The retail quota is 35% with QIB 50% and HNI 15%.

Tega Industries Limited is a leading manufacturer and distributor of specialized, critical, and recurring consumable products for the global mineral beneficiation, mining, and bulk solids handling industry. Globally, Tega industries are the second largest producers of polymer-based mill liners, based on revenues for the year 2020.

The company offers a wide product portfolio of specialized abrasion and wear-resistant rubber, polyurethane, steel, and ceramic-based lining components used by their customers across different stages of mining and mineral processing, screening, grinding, and material handling. The company’s product portfolio comprises more than 55 mineral processing and material handling products.

Check out Tega Industries IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Tega Industries IPO Details:

Issuer Tega Industries Limited
Issue Type Book Built Issue IPO
Issue Period Issue Opens: Dec 1, 2021
Issue Closes: Dec 3, 2021
Price Brand ₹443 to ₹453 Per Share
Issue Size ₹619 Crores
Face Value Rs.10 per Equity Share
Market Lot 33 Shares
Maximum Bid amount for Retail Rs. 1,94,337
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Offer for Sale ₹ 619 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 13,669,478 Shares
Employee Discount
Grey Market Price Tega Industries IPO GMP Today

Tega Industries IPO GMP Rates day by day

Tega Industries IPO Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
HNI COST ₹492
12 DEC 2021 ₹310
11 DEC 2021 ₹290 ₹9500
10 DEC 2021 ₹295 ₹9500
09 DEC 2021 ₹330 ₹400 ₹7000
08 DEC 2021 ₹325 ₹400 ₹7000
07 DEC 2021 ₹320 ₹500 ₹8000
06 DEC 2021 ₹400 ₹550 ₹10000
05 DEC 2021 ₹410 ₹500 ₹10000
04 DEC 2021 ₹400 ₹500 ₹10000
03 DEC 2021 ₹430 ₹500 ₹10000
02 DEC 2021 ₹410 ₹550 ₹10000
01 DEC 2021 ₹400 ₹500 ₹6000
30 NOV 2021 ₹310 ₹450 ₹6000
29 NOV 2021 ₹320 ₹450 ₹6000
28 NOV 2021 ₹320 ₹450 ₹6000
27 NOV 2021 ₹250 ₹400 ₹6000
26 NOV 2021 ₹180
25 NOV 2021

Tega Industries IPO Market Lot:

 Lot Size:  Minimum 33 Shares & Maximum 429 Shares
 Minimum Amount:  ₹14949
 Maximum Amount: ₹194337

Tega Industries IPO Allotment & Listing:

 Basis of Allotment: Dec 08, 2021
 Refunds: Dec 09, 2021
 Credit to Demat Account: Dec 10, 2021
 Listing Date: Dec 13, 2021

How to Apply for Tega Industries IPO?

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How to Apply the Tega Industries IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Tega Industries”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Tega Industries IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Tega Industries”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

PARENT COMPANY FOR SHAREHOLDER QUOTA

IPO ALLOTMENT TIPS & TRICKS

Check:- Tega Industries IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

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