Teja Engineering Industries IPO
Grey Market Premium (GMP)
GMP applies before listing only. This IPO has listed — see Listing Performance below for the actual debut.
Subscription Status
| Category | Subscription |
|---|---|
| QIB | 0x |
| NII | 1.81x |
| Retail (RII) | 0.32x |
| Total | 1.37x |
Bidding day 3 · final figures at close of bidding: 15 Jul 2026, 12:00 am IST
IPO Details
- Open Date
- 30 Jun 2026
- Close Date
- 2 Jul 2026
- Listing Date
- 7 Jul 2026
- Face Value
- ₹10
- Fresh Issue
- ₹35.48 Cr
- OFS
- ₹0 Cr
- Listing On
- NSE
- Registrar
- —
Lot Size & Application Amounts
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 2 | 1,200 | ₹2,64,000 |
| HNI (Min) | 3 | 1,800 | ₹3,96,000 |
Issue Reservation
| Investor category | Shares offered | % of issue |
|---|---|---|
| NII | 8,06,400 | 50% |
| Retail | 8,06,400 | 50% |
| Total | 16,12,800 | 100% |
The anchor portion is carved out of the QIB quota. Percentages are of the total shares offered.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2023 | 24.58 | 1.27 | 2.79 | 3.8 | 14.26 | 6.74 | — |
| FY 2024 | 31.62 | 2.16 | 3.74 | 6.65 | 20.95 | 7.09 | — |
| FY 2025 | 55.23 | 4.02 | 6.86 | 12.61 | 33.09 | 12.85 | — |
| Dec 2025 (interim) | 54.32 | 4 | 7.07 | 16.63 | 48.26 | 17.36 | 8.51 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 25.85x
- P/E (post-issue)
- 26.44x
- RoNW
- 32.11%
- RoE
- 32.94%
- RoCE
- 20.07%
- Debt / Equity
- 1.04
- EPS (pre-issue)
- ₹8.51
- EPS (post-issue)
- ₹8.32
- EBITDA Margin
- 13.02%
- PAT Margin
- 7.37%
- P/BV
- 6.24x
- NAV / share
- ₹35.24
- Market Cap
- ₹141.18 Cr
As of 31 Dec 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Objects of the Issue
| Purpose | Est. Amount |
|---|---|
| Funding Capital Expenditure requirements for the purchase of equipment/machineries | ₹18.01 Cr |
| Funding the working capital requirements of the Company | ₹9.26 Cr |
| General Corporate Purposes | ₹5.5 Cr |
| Issue Expenses | ₹4.59 Cr |
Net-proceeds utilisation as disclosed in the offer document.
Issue Expenses
| Purpose | Est. Amount |
|---|---|
| Lead Manger Fees including Underwriting Commission | ₹1.54 Cr |
| Brokerage, selling commission and upload fees | ₹0.25 Cr |
| Registrar to the Issue | ₹0.04 Cr |
| Legal Advisors | ₹0.04 Cr |
| Advertising and marketing expenses | ₹2.5 Cr |
| Regulators including stock exchanges | ₹0.08 Cr |
| Printing and distribution of issue stationary | ₹0.02 Cr |
| Market Making fees etc | ₹0.12 Cr |
Promoters & Shareholding
Promoters: <p>Srinivasarao Vakalapudi, Suryakumari Vakalpudi</p>
- Holding (pre-issue)
- 91.33%
- Holding (post-issue)
- 67.17%
- Dilution
- 24.16%
Documents
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| Teja Engineering Industries | 8.8 | 26.72 | 25x | 31.85% | 8.46x | Restated |
| Lakshya Powertech Ltd. | 15.65 | 78.88 | 7.1x | 24.78% | 1.42x | — |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Lead Managers (BRLMs)
Tap a lead manager to see every IPO it has run and how those listings fared.
Listing Performance
About the Teja Engineering Industries IPO
The Teja Engineering Industries SME IPO opens for subscription on 30 Jun 2026 and closes on 2 Jul 2026, offered at an issue price of ₹220 per share, and is set to list on NSE. In total, the issue aims to mobilise ₹37.36 crore. Retail investors bid in lots of 600 shares, a minimum application of ₹2,64,000.
Issue structure
The IPO is structured entirely as a fresh issue of ₹35.48 crore, so the full proceeds flow to the company to fund its stated objects of the issue.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward funding capital expenditure requirements for the purchase of equipment/machineries (₹18.01 crore), alongside funding the working capital requirements of the company (₹9.26 crore). In all, 4 objects are disclosed — the full break-up is in the table above.
Financials
In FY2025, Teja Engineering Industries reported revenue of ₹54.32 crore and a net profit of ₹4 crore. Revenue grew from ₹24.58 crore in FY2023 to ₹54.32 crore in FY2025 (+121.0%). Net worth stood at ₹16.63 crore at the end of FY2025. At the upper band, that puts the issue at roughly 25.9× FY2025 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 26.44× post-issue earnings and 6.24× book value, against a return on net worth of 32.11% and a debt-to-equity ratio of 1.04. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Srinivasarao Vakalapudi, Suryakumari Vakalpudi</p>. Promoter holding stands at 91.33% before the issue and comes down to 67.17% after listing.
Grey market premium (GMP)
In the unofficial grey market, Teja Engineering Industries shares are quoted at a premium of ₹36 implying an expected listing around ₹256, about +16.4% over the upper band. Grey market premium is a sentiment indicator set by private dealers, not the company or the exchange — it moves quickly and is not a reliable predictor of the actual listing price.
Subscription
The Teja Engineering Industries IPO was subscribed 1.37 times overall. The strongest demand came from non-institutional investors (NII) at 1.81 times, with qualified institutional buyers (QIB) at 0× and retail investors at 0.32×.
Listing performance
Teja Engineering Industries listed on 7 Jul 2026 at ₹418, a premium of +90.0% over the issue price of ₹220.
What to weigh
When evaluating the Teja Engineering Industries IPO, the data points most investors look at are the fresh-issue-versus-OFS split, the revenue and profitability trend, subscription demand across investor categories and the grey market premium. Grey market premium and subscription figures reflect short-term sentiment rather than long-term fundamentals; the figures on this page are for information only and are not investment advice.
About Teja Engineering Industries
Teja Engineering Industries Limited (TEIL) operates as an engineering services company catering to the oil & gas, power, and energy sectors. The company provides a broad range of technical and operational support services designed to enhance the efficiency, reliability, and performance of critical energy infrastructure. Its service portfolio includes project support, Annual Maintenance Contracts (AMC), Comprehensive Maintenance Contracts (CMC), Operation & Maintenance (O&M) services, and Erection & Commissioning solutions. The company also undertakes turnkey projects and develops gas station infrastructure for commercial and industrial applications. TEIL has established a strong operational presence across multiple states in India, including Gujarat, Telangana, Andhra Pradesh, Tamil Nadu, Kerala, Karnataka, Goa, Madhya Pradesh, Rajasthan, Odisha, West Bengal, and Maharashtra. This extensive geographic footprint enables the company to serve a diverse customer base and execute projects across various regions efficiently. The company possesses specialized expertise in the design, installation, commissioning, and maintenance of natural gas compression stations, helping industrial customers optimize operational performance and energy utilization. In the compressed natural gas (CNG) segment, TEIL offers end-to-end lifecycle services covering commissioning, operations management, and ongoing maintenance support. Demonstrating its commitment to quality, environmental sustainability, and workplace safety, the company has obtained internationally recognized certifications, including ISO 9001:2015 for Quality Management Systems, ISO 14001:2015 for Environmental Management Systems, and ISO 45001:2018 for Occupational Health and Safety Management Systems. Key Competitive Strengths Extensive pan-India operational presence across multiple states and industries. Strong commitment to quality, safety, and environmental standards backed by ISO certifications. Experienced leadership team with deep technical expertise and industry knowledge. Long-standing customer relationships supported by reliable service delivery and execution capabilities. Comprehensive engineering, maintenance, and turnkey project solutions for the energy sector.
Teja Engineering Industries — Contact Details
- Registered office
- A/14 Shantiniketan Society, N/r Shravan Chokdi,, Bharuch, Gujarat, 392001
- Phone
- 02642-239705
- Website
- www.tejaengineering.com/
- Registrar (IPO queries)
- teja.ipo@kfintech.com
Frequently asked questions
- What is the Teja Engineering Industries IPO price band?
- The Teja Engineering Industries IPO price band is ₹220 per share, with a lot size of 600 shares.
- What was the Teja Engineering Industries IPO GMP before listing?
- The final grey market premium recorded before the Teja Engineering Industries IPO listed was ₹36. The IPO listed on 7 Jul 2026 at ₹418, +90.0% against the issue price. GMP is an unofficial figure and was never a guarantee of the listing price.
- When does the Teja Engineering Industries IPO open and close?
- The Teja Engineering Industries IPO opens on 30 Jun 2026 and closes on 2 Jul 2026.
- When is the Teja Engineering Industries IPO allotment and listing date?
- Allotment is expected on 3 Jul 2026. The shares are scheduled to list on 7 Jul 2026 on NSE.
- How many times was the Teja Engineering Industries IPO subscribed?
- The Teja Engineering Industries IPO was subscribed 1.37 times in total across all investor categories.
- What is the reservation split in the Teja Engineering Industries IPO?
- Of the total shares offered, retail investors get 50%, non-institutional investors 50%. The full category-wise break-up is in the Issue Reservation table on this page.
- Who are the promoters of Teja Engineering Industries and what is their holding?
- The promoters are <p>Srinivasarao Vakalapudi, Suryakumari Vakalpudi</p>. Promoter holding is 91.33% before the issue and 67.17% after listing.
- What is the P/E ratio of the Teja Engineering Industries IPO?
- At the upper price band, the Teja Engineering Industries IPO is valued at 25.85× pre-issue earnings and 26.44× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Teja Engineering Industries IPO?
- The net proceeds go primarily toward funding capital expenditure requirements for the purchase of equipment/machineries, among 4 disclosed objects. See the Objects of the Issue table for the full break-up.
- Who are the lead managers and registrar of the Teja Engineering Industries IPO?
- The book-running lead manager is Interactive Financial Services Ltd..
- Is Teja Engineering Industries a Mainboard or SME IPO?
- Teja Engineering Industries is an SME IPO, listing on NSE (SME platform).