On the upper band of issue price, the firm plans to raise ₹619.22 crore. The initial public offering of Tega Industries Ltd has set a price band of ₹443-453 a share. The firm plans to list on exchanges on 13 December. The IPO consists of a pure offer for sale of upto 13.67 million shares by its existing shareholders and promoters. According to DRHP, Modan Mohan Mohanka will sell upto 3.31 million shares, upto 0.66 million shares by Manish Mohan and upto 9.69 million shares by Wagner Ltd, an affiliate of the US-based private equity firm TA Associates.

Source: Mint November 25, 2021 14:59 UTC