What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Tega Industries Limited IPO?

Based on the upper price band of ₹453 and current GMP of ₹270, the estimated listing price is ₹723 (approx. 59.6% gain).

What is the expected profit per lot for Tega Industries Limited IPO?

With a lot size of 33 shares and current GMP of ₹270, expected profit per retail application lot is approximately ₹8,910.

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Grey Market Intelligence

Tega Industries Limited

ListedMainboard

Industrials · NSE / BSE

Established in 1976, Tega Industries is a leading global manufacturer and distributor of specialized consumable products used in mining, mineral processing, and bulk material handling, and is the second-largest producer of polymer-based mill liners worldwide by revenue in 2020. The company offers over 55 wear- and abrasion-resistant products made from rubber, polyurethane, steel, and ceramics, which are used across various stages of mining and mineral processing. Tega operates six manufacturing facilities located in India, Chile, South Africa, and Australia, and serves customers in more than 70 countries, with a majority of its revenue coming from international markets. The company also has a wide global sales network and continues to expand its presence in key mining regions across the world.

Price Band

₹443 – ₹453

Issue Size

₹619 Cr

Lot Size

33 shares

GMP

₹270

+59.6%

Est. Listing

₹723

at current GMP

Subscribed

—

Open

1 Dec 2021

3 Dec 2021

Allotment

8 Dec 2021

Refund

9 Dec 2021

Demat Credit

10 Dec 2021

Listing

13 Dec 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Tega Industries Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹270+59.6%

Issue Price (Upper)

₹453

Band: ₹443 – ₹453

Estimated Listing Price

₹723

Upper price + GMP

Lot Size

33 shares

Min investment ₹14,949

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹270	59.6%	₹723
30 Oct 2026	+₹270	59.6%	₹723
29 Oct 2026	+₹243	53.6%	₹696

About Tega Industries Limited Public Issue & Market Profile

Tega Industries Limited is bringing an initial public offering (IPO) in the Industrials sector with an aggregate issue size of ₹619.23 Crores. The shares are offered at a price band of ₹443 to ₹453 per equity share on NSE and BSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Public Issue & Pricing Context:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Basis of Allotment & Listing Timeline:

Following the close of bidding on 2021-12-03, the basis of allotment is scheduled to be finalized on 2021-12-08. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Tega Industries Limited IPO GMP today?

The latest grey market premium for Tega Industries Limited IPO is ₹270, which indicates an expected listing price of ₹723.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.