Tega Industries

Revenue for the Q1 CY25 grew 8.2 per cent in constant currency to $5.1 billion compared to the same quarter last year

Last month, National Company Law Tribunal (NCLT) approved Tega's Resolution Plan for the acquisition of McNally Sayaji Engineering through Corporate Insolvency Resolution Process (CIRP)

CLOSING BELL: The key benchmark indices ended lower for the seventh straight trading day. The Sensex has shed 2,032 points, while the Nifty 50 has declined 643 points in this period.

Data Patterns is likely to witness a bumper listing, with Grey Market Premium (GMP) indicating a likely 45-50 per cent premium to its issue price.

FSN E-Commerce Ventures (Nykaa), PB Fintech, the parent company of Policybazaar, Tega Industries, Tarsons Products and Aditya Birla AMC were among 11 stocks from the BSE IPO index hit new lows.

Bajaj twins can slide another 10% from current levels; Supriya Lifescience IPO fully subscribed within hours of opening

Despite the 3-day fall, the stock continues to command a 33 per cent premium over its issue price of Rs 453 per share

The stock was listed at Rs 760, a 68 per cent over its issue price of Rs 453 per share on the National Stock Exchange.

The BSE Midcap index was down 0.5 per cent, while the Smallcap index was up 0.2 per cent

At the top end, the company is valued at about 22 times its financial year 2020-21 (FY21) earnings

Retail portion subscribed 29 times, HNI 666 times and institutional investor 216 times

Star Health cuts IPO size after tepid subscription; Tega Industries closes IPO with over 200 times subscription

The broader indices, however, outperformed the key benchmark indices. The BSE Midcap index ended flat, while Smallcap index was up 0.3 per cent

Anand Rathi Wealth IPO subscribed 1.5 times on opening day

Price band Rs 443-453 per share. At the top-end, company is valued at about 22x it FY21 earnings and will have a market cap of Rs 3,000 cr

IndusInd Bank rebounds after an 8-day fall, gains 5% on BSE; Tega Industries' IPO gets 4 times subscription on first day

The initial public offer of Tega Industries Limited, manufacturer of consumables for the mining industry, was fully subscribed within the one hour of opening for subscription on Wednesday.