 "ipo")
Just a day after Star Health and Allied Insurance failed to garner an adequate number of bids, Tega Industries’ initial public offering (IPO) ended with demand for shares exceeding those on offer by a whopping 219 times, indicating that the appetite for initial offers was intact.
Tega Industries received bids for 2.09 billion shares, as against the 9.6-million on offer, with those bids cumulatively worth nearly Rs 95,000 crore. Tega is now the sixth most subscribed IPO in India, and it has received the third highest subscription this year after Latent Views and Paras Defence, which garnered 339x and 304 x
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