View on Tega Industry's Post Listing By Mr. Parth Nyati, Tradingo
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Below are views on Tega Industry's Post Listing by Mr. Parth Nyati, Founder, Tradingo
Kolkata-based company with strong management and sound fundamentals went public today. A massive response from investors triggered the IPO to be subscribed 219 times. The IPO was purely OFS based where its PE fund is exiting, but the company is cash-rich.
Initially priced at Rs 453 each, the issue gained 66% and was listed at Rs 760. The company might perform much better going forward if this momentum continues. New investors can wait for a dip to buy, while long-term investors should hold this stock. Those who have received the allotment should keep a stop loss of 690.
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