About Teja Engineering Industries IPO
Teja Engineering Industries IPO Details
Teja Engineering Industries IPO is a fixed-price issue of ₹37.36 crore, entirely a fresh issue of 0.17 crore equity shares, with a face value of ₹10 per share. The company filed its DHRP with SEBI on September 29, 2025.
The price of the issue is ₹220 per share and the lot size for an application is 600 shares. The minimum amount required by an individual investor is ₹2,64,000 (1,200 shares). The IPO will be open for subscription from June 30 to July 2, 2026, on the NSE SME platform, with a tentative listing date fixed as July 7, 2026. The book-running lead manager of the issue is Interactive Financial Services Ltd, while the registrar to the offer is Kfin Technologies Ltd.
Teja Engineering Industries IPO Date & Timeline
The Teja Engineering Industries IPO is officially set to open for subscription on Jun 30, 2026 and will close on Jul 2, 2026. The company initially filed its Draft Red Herring Prospectus (DRHP) on September 29, 2025 and has now finalized its schedule following SEBI approval. Once the subscription window closes, allotment is expected on Jul 3, 2026. Following this, the firm will initiate refunds and credit shares to successful investors' demat accounts on Jul 6, 2026. Finally, shares of Teja Engineering Industries Ltd. are tentatively scheduled to list on the stock exchanges on Jul 7, 2026.
Teja Engineering Industries IPO Timeline
| IPO Open Date | Tue, Jun 30, 2026 |
| IPO Close Date | Thu, Jul 2, 2026 |
| Tentative Allotment | Fri, Jul 3, 2026 |
| Initiation of Refunds | Mon, Jul 6, 2026 |
| Credit of Shares to Demat | Mon, Jul 6, 2026 |
| Tentative Listing Date | Tue, Jul 7, 2026 |
| Cut-off time for UPI mandate confirmation | - |
Teja Engineering Industries IPO Details
| Detail | Description |
|---|---|
| IPO Date | 30 Jun to 2 Jul, 2026 |
| Listing Date | 7 Jul, 2026 |
| Face Value | ₹ 10 per share |
| Issue Price | ₹ 220 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,98,000 shares (agg. up to ₹ 37 Cr) |
| Reserved for Market Maker | 85,200 shares (agg. up to ₹ 2 Cr) Aftertrade Broking Pvt.Ltd. |
| Fresh Issue(Ex Market Maker) | 16,12,800 shares (agg. up to ₹ 35 Cr) |
| Net Offered to Public | 16,12,800 shares (agg. up to ₹ 35 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 47,19,300 shares |
| Share Holding Post Issue | 64,17,300 shares |
Teja Engineering Industries IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Teja Engineering Industries IPO GMP is currently trading at ₹3, reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹223, which is 1.36% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
IPO Estimated Listing Return
Based on the IPO Price of ₹220 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹36, and a lot size of 600 shares.
Teja Engineering Industries GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 7 Jul 2026 | ₹220 | ₹36 | 7 Jul, 202610:12 AM |
| 6 Jul 2026 | ₹220 | ₹36 | 6 Jul, 202612:21 PM |
| 5 Jul 2026 | ₹220 | ₹15 | 6 Jul, 202610:03 AM |
| 4 Jul 2026 | ₹220 | ₹15 | 6 Jul, 202610:03 AM |
| 3 Jul 2026 | ₹220 | ₹3 | 3 Jul, 202610:03 AM |
| 2 Jul 2026 | ₹220 | ₹3 | 2 Jul, 202610:03 AM |
| 1 Jul 2026 | ₹220 | ₹0 | 2 Jul, 202610:03 AM |
| 30 Jun 2026 | ₹220 | ₹0 | 30 Jun, 202609:54 AM |
| 29 Jun 2026 | ₹220 | ₹0 | 29 Jun, 202610:05 AM |
| 28 Jun 2026 | ₹220 | ₹0 | 29 Jun, 202610:05 AM |
| 27 Jun 2026 | ₹220 | ₹0 | 29 Jun, 202610:05 AM |
| 26 Jun 2026 | ₹220 | ₹0 | 29 Jun, 202610:05 AM |
| 25 Jun, 2026 | ₹220 | ₹0 | 25 Jun, 202610:38 AM |
Company Background
Teja Engineering Industries Ltd. was incorporated in April 2023 as a private limited company, with its roots going back to M/s Teja Engineering Services, a proprietorship set up in September 2002 and later acquired in July 2023. Over time, the business grew from a small engineering service provider into handling complex projects like high-efficiency compression systems and remote monitoring technologies.
On September 19, 2023, the company converted into a public limited company to proceed with its public listing procedure. Currently, it focuses on Operations & Maintenance and Erection & Commissioning in the natural gas sector, is headquartered in Bharuch, Gujarat and has expanded its presence across 15 states in India.
Operations & Product Range
Teja Engineering Industries Ltd.’s operations focus on providing specialized engineering services to OEMs, corporate clients and PSUs, mainly within the natural gas distribution network. Its key offering is Operations & Maintenance, covering round-the-clock monitoring, preventive maintenance and breakdown support for gas compressor systems and CNG stations. It also handles Erection & Commissioning work, including equipment installation, stainless-steel tubing and recommissioning of static and rotary systems, serving city gas distributors and energy infrastructure players that rely on outsourced technical manpower for continuous gas supply.
Facilities & Capacity
Teja Engineering Industries Ltd. operates from two leased facilities in the Palej Industrial Estate, Bharuch, Gujarat, which serve as its technical support and testing centers. With this listing, it plans to expand by setting up an in-house testing, repair and maintenance center for Safety Relief Valves (SRVs) in line with API 576 standards, along with increasing its commercial vehicle fleet by adding 10 utility vehicles to support logistics for remote project sites.
Brands & Market Presence
Teja Engineering Industries Ltd. has built a strong presence across 15 states, including Gujarat, Maharashtra, Telangana, Karnataka and West Bengal, becoming an integral part of the domestic energy infrastructure supply chain. Its credibility is backed by key certifications like PESO under the SMPV (U) Rules, 2016, along with ISO 9001:2015, ISO 14001:2015 and ISO 45001:2018, reflecting high standards in quality, environmental and safety management. It is also an authorized service provider in India for global safety relief valve manufacturers, strengthening its reputation among major industrial and petrochemical clients.
Revenue Streams & Business Model
Teja Engineering Industries Ltd generates revenue from long-term service contracts and project work, with the Operations & Maintenance (O&M) segment being the key contributor, accounting for 93.57% of total revenue in FY25 through AMCs and performance-based agreements with gas distribution companies. The rest comes from Erection & Commissioning, instrument calibration and overhauling services. While it operates across India, most billing is routed through customer offices in Gujarat and Maharashtra and all revenue is currently generated within the domestic market with no exports.
Management & Shareholding
Teja Engineering Industries Ltd. is largely owned and controlled by its founders, Srinivasarao Vakalapudi and Suryakumari Vakalapudi. Before the IPO, the promoters held a 91.33% stake and the public held a 8.67% stake in the company, but after the IPO, the promoters ownership will be slightly diluted as the offering is enitrely a fresh issue of shares.
Board & Key Management
The leadership of Teja Engineering Industries Ltd. is led by a team of experts with many years of experience. Srinivasarao Vakalapudi serves as the Chairman & Managing Director and gives strategic direction to the firm, with the daily operations, along with Whole-Time Director Suryakumari Vakalapudi. To ensure good governance, the board includes Independent Directors Mehul Hingu and Josna Pamula for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Teja Engineering Industries IPO Financial Information
Latest Revenue
55.23
₹ Crore
Profit After Tax
4.02
₹ Crore
Net Worth
12.61
₹ Crore
Total Borrowing
12.85
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2025 | 33.09 | 55.23 | 4.02 | 12.61 | 7.95 | 12.85 | |||
| 31 Mar 2024 | 20.95 | 31.62 | 2.16 | 6.65 | 2.23 | 7.09 | |||
| Amount in ₹ Crore | |||||||||
Teja Engineering Industries Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 32.94 % |
| ROCE | 20.07 % |
| Debt/Equity | 1.04 |
| RoNW | 32.11 % |
| PAT Margin | 7.37 % |
| EBITDA Margin | 13.02 % |
| Price to Book Value | 6.24 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.51 | 6.26 |
| P/E (x) | 25.85 | 35.16 |
Teja Engineering Industries IPO Objectives
The company aim to utilise the Teja Engineering Industries IPO proceeds for strategic purposes:
- • Funding the purchase of new equipment/machinery
- • Funding the working capital requirements
- • General corporate purposes
Teja Engineering Industries IPO Review
Teja Engineering Industries Ltd. operates as a specialized service provider in India’s growing natural gas and energy infrastructure sector, benefiting from recurring revenue through O&M contracts and ensuring safety and operational continuity.
Financially, the company has shown a growing and profitable financial statement. As of FY26, the company has reported a ₹55.23 crore total revenue and a PAT of ₹4.01 crore, with an EBITDA of ₹6.86 crore. Notably, the top 10 customers contributed around ₹54.63 crore, which is nearly 98.95% of the company’s total revenue from operations.
However, investors must be aware of both sides of the company, from profit statements and potential risks, which include heavy reliance on a concentrated client base, manpower-intensive operations and potential delays in payments from PSU clients. Overall, the IPO marks a transition to a listed entity, with future growth dependent on effective utilisation of proceeds for capacity expansion.
Conclusion
Teja Engineering Industries IPO is an opportunity for investors to invest in a growing and specialised support services required to keep India's clean energy and gas distribution networks functional. With a clear focus on operation, maintenance and technical commissioning, the company relies on its experienced leadership and stringent safety accreditations to secure high-value contracts. While the concentrated customer base presents a standard industry challenge, the company's established pan-India presence provides a solid foundation.
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Competitive Strengths
Comprehensive operational presence across India spanning 15 states, allowing the company to handle multiple large projects at the same time.
Quality & safety orientated, as evidenced by important industry certifications like PESO certificates and several ISO certifications.
Leadership team with more than 20 years of extensive experience in the domain of natural gas compression and pipeline infrastructure.
Good relationship with customers for many years, particularly with the public sector units and well-known city gas distribution companies.
Download regulatory filings
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | 2 | 1200 | 264000 |
| Individual investors (Retail) (Max) | 2 | 1200 | 264000 |
| HNI (Min) | 3 | 1800 | 396000 |