Tega Industries IPO Allotment: Check Status & GMP Insights

“Tega Industries is a leading producer of specialized and critical to operate products which is having high barriers to sustitution, which give it a good moat. Tega Industries has shown excellen top-line and bottom-line and, IPO based on FY21 earnings looks reasonably priced. However, due to subdues market conditions lately, the GMP fell from a high of Rs 400 to Rs 325 level now. And with the 666 times the HNI Subscription, there are high chances of loss for leveraged. HNIs.

For retail clients, it will give very good returns”, said Umesh Paliwal, Co-founder of InvestorZone.