Teja Engineering Industries IPO GMP today is Rs 0. Investors can use this GMP along with price band and subscription status for a better IPO review.
Listed
SME IPO
TEJA
Teja Engineering Industries
Teja Engineering Industries Limited is an engineering services company that provides operation and maintenance (O&M), erection and commissioning (E&C), and other technical services for the oil & gas, power, and energy sectors. The company undertakes annual maintenance contracts, project execution, instrument calibration, overhauling, decommissioning and recommissioning, stainless-steel tubing installation, and testing and servicing of safety relief valves. It supports OEMs, CNG compressor packagers, and public sector undertakings involved in gas distribution and energy infrastructure. The company generates revenue primarily from O&M services, along with E&C projects and other technical service offerings. It operates through a pan-India workforce deployed at client sites, providing execution and maintenance support for CNG stations, gas compression plants, and natural gas distribution terminals. Teja Engineering is a service-focused company and does not manufacture equipment. It also holds PESO certification for testing safety relief and pressure safety valves, enabling it to provide certified inspection and testing services.
IPO Details
Complete IPO information
| Current GMP | ₹0 |
|---|---|
| Estimated Listing Gain | +0.00% |
| Price Band | ₹220.00 - ₹220.00 |
| Issue Price | ₹220.00 |
| Listing Price | TBA |
| Lot Size | 600 Shares |
| Issue Type | SME |
| Issue Size | Approx ₹37.36 Cr |
| Registrar | TBA |
| Exchange | NSE, BSE |
| Retail Quota | TBA |
| Overall Subscription | 1.37x |
| Listing Date | 07 Jul 2026 |
| Minimum Investment | ₹2,64,000 |
Timeline
IPO roadmap at a glance
01
Bidding Opens
30 Jun 2026
02
Bidding Closes
02 Jul 2026
03
Allotment
03 Jul 2026
04
Listing
07 Jul 2026
Grey Market Premium
Daily GMP status
| Date | GMP | Change | Gain |
|---|---|---|---|
| 02 Jul 2026 | ₹0.00 | - | 0.00% |
Market Lot
Application size breakdown
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 2 Lot | 1,200 | ₹2,64,000 |
| Retail Maximum | 2 Lot | 1,200 | ₹2,64,000 |
| S-HNI Minimum | 3 Lot | 1,800 | ₹3,96,000 |
| S-HNI Maximum | 7 Lot | 4,200 | ₹9,24,000 |
| B-HNI Minimum | 8 Lot | 4,800 | ₹10,56,000 |
Issue Notes
Important takeaways before applying
Strengths
- Strong pan-India presence enables the company to serve customers across multiple states.
- Experienced leadership brings deep industry knowledge to the business.
- Long-standing customer relationships support repeat business and revenue.
- Holds PESO certification for safety valve testing under applicable regulations.
- The company has a consistent track record of completing engineering and commissioning projects on time.
Risks
- A significant share of revenue comes from Operations & Maintenance (O&M) services.
- More than 98% of revenue comes from the top 10 customers, creating customer concentration risk.
- Engineering operations involve hazardous activities that may lead to accidents, liabilities, or operational disruptions.
- The company has a short operating history as a corporate entity, making future performance harder to assess.
- Delays in client payments for services could impact cash flows and working capital.
Analysis
Teja Engineering IPO Details
Teja Engineering Limited is launching its Initial Public Offering (IPO) to raise funds for business expansion, strengthening working capital requirements, and supporting future growth initiatives. The company operates in the engineering and manufacturing sector and plans to utilize the proceeds from the issue to enhance its operational capabilities and market presence.
The IPO is being offered as a Fixed Price Issue and consists entirely of a fresh issue of equity shares. The funds raised through the public offering will directly benefit the company and contribute towards its long-term strategic objectives. Following the completion of the issue, the equity shares of Teja Engineering Limited are proposed to be listed on the NSE SME platform.
| Particular | Details |
|---|---|
| Teja Engineering IPO Open Date | June 30, 2026 |
| Teja Engineering IPO Close Date | July 2, 2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹220 Per Share |
| Issue Size | Approx ₹37.36 Crores |
| Fresh Issue | Approx ₹37.36 Crores |
| Issue Type | Fixed Price Issue |
| IPO Listing | NSE SME |
Analysis
Teja Engineering IPO Reservation
Teja Engineering Limited has reserved shares for various categories of investors in accordance with applicable SME IPO regulations. The allocation structure is designed to provide participation opportunities for retail investors as well as non-institutional investors in the public issue.
The retail and non-institutional investor categories have received an equal share allocation in the issue, while no separate allocation has been reserved for Anchor Investors or Qualified Institutional Buyers (QIBs) excluding anchor investors in this offering.
| Investor Category | Shares Offered | Shares (%) |
|---|---|---|
| Anchor Investor | – Shares | -% |
| QIB (Ex. Anchor) | – Shares | -% |
| NII Shares Offered | 8,06,400 Shares | 47.49% |
| Retail Shares Offered | 8,06,400 Shares | 47.49% |
Analysis
Teja Engineering IPO Dates
The Teja Engineering IPO is scheduled to open for subscription on June 30, 2026, and will close on July 2, 2026. Investors can submit their applications during the issue period through the ASBA process and supported UPI platforms provided by registered brokers and banks.
The basis of allotment for the IPO is expected to be finalized on July 3, 2026. Refunds for unsuccessful applicants and credit of allotted shares to investors' demat accounts are scheduled for July 6, 2026, while the shares of Teja Engineering Limited are proposed to be listed on the NSE SME platform on July 7, 2026.
| Event | Date |
|---|---|
| IPO Open Date | June 30, 2026 |
| IPO Close Date | July 2, 2026 |
| Basis of Allotment | July 3, 2026 |
| Refunds | July 6, 2026 |
| Credit to Demat Account | July 6, 2026 |
| IPO Listing Date | July 7, 2026 |
| IPO Bidding Cut-off Time | July 2, 2026 – 5 PM |
Analysis
Teja Engineering IPO Promoters and Holding Pattern
The promoters of Teja Engineering Limited are Mr. Srinivasarao Vakalapudi and Mrs. Suryakumari Vakalpudi. The promoters have played an important role in establishing the company and driving its growth in the engineering and manufacturing sector through their industry experience and strategic leadership.
Prior to the public issue, the promoters held a significant majority stake in the company. Following the completion of the IPO, the promoter shareholding is expected to dilute due to the issuance of fresh equity shares, while the promoters are expected to continue maintaining management control and strategic oversight of the business.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 47,19,300 | 91.33% |
| Promoter Holding Post Issue | 64,17,300 | 67.17% |
Analysis
Teja Engineering IPO Objects of the Issue & Utilisation of Proceeds
Teja Engineering Limited intends to utilize the proceeds from the IPO to strengthen its manufacturing capabilities and support future business expansion plans. The company plans to invest a significant portion of the funds in acquiring new equipment and machinery to improve production capacity and operational efficiency.
Apart from capital expenditure, the company will also use the proceeds to meet its growing working capital requirements and support day-to-day business operations. These investments are expected to enhance the company's ability to execute larger projects and improve its competitive position within the engineering sector.
| Purpose | Amount (Crores) |
|---|---|
| Funding Capital Expenditure requirements for the purchase of equipment/machineries | ₹18.06 |
| Funding the Working Capital requirement | ₹9.26 |
| General Corporate Purpose | ₹- |
Analysis
Teja Engineering - About IPO
Teja Engineering is a growing engineering services firm that operates across the Oil & Gas, Power, and Energy sectors, with a focus on providing Operations & Maintenance (O&M) services. Tejal Engineering offers a wide range of engineering services, including O&M, Erection & Commissioning (E&C), instrument calibration, overhauling, terminal hook-up, and decommissioning and recommissioning.
The company has over 300 CNG compressor station projects and manages O&M services for more than 550 units across 15 states, including Gujarat, Maharashtra, Telangana, Tamil Nadu, and West Bengal. TEIL operates in an asset-light business model and recurring O&M contracts. Moreover, the firm is planning to use the fund of ₹18.05 crore raised from the IPO proceeds to enhance its presence in expanding India’s gas and energy infrastructure market.
Analysis
Teja Engineering IPO Company Financial Report
Teja Engineering Limited has demonstrated steady financial growth over the last few financial years, supported by increasing demand for its engineering products and manufacturing solutions. The company has reported strong growth in revenue and profitability while continuing to strengthen its asset base.
The financial performance reflects improving operational efficiency and expanding business operations. The growth in revenue, assets, and profit after tax (PAT) highlights the company's ability to scale its business and improve shareholder value over time.
| Period Ended | Revenue | Expense | PAT | Assets |
|---|---|---|---|---|
| 2024 | ₹31.62 | ₹28.67 | ₹2.16 | ₹20.95 |
| 2025 | ₹55.23 | ₹49.86 | ₹4.02 | ₹33.09 |
| Dec 2025 | ₹54.32 | ₹48.83 | ₹4.00 | ₹48.26 |
Amount in ₹ Crores. The above financial figures are based on the company's reported financial statements for the respective periods and are intended for informational purposes.
Analysis
Teja Engineering IPO Valuation – FY2025
Investors generally evaluate an IPO by analysing important valuation indicators such as Earnings Per Share (EPS), Return on Net Worth (RoNW), Return on Equity (ROE), Return on Capital Employed (ROCE), and Net Asset Value (NAV). These financial metrics provide insights into the company's profitability, efficiency, and overall financial health before making an investment decision.
Teja Engineering Limited has reported healthy profitability margins and a strong balance sheet position, supported by efficient capital utilization and improving operational performance. The following key performance indicators (KPIs) provide an overview of the company's valuation metrics for FY2025.
| KPI | Values |
|---|---|
| ROE | 15.56% |
| ROCE | 18.86% |
| EBITDA Margin | 14.80% |
| PAT Margin | 9.87% |
| Debt to Equity Ratio | 0.27 |
| Earning Per Share (EPS) | ₹8.80 (Basic) |
| Price/Earning (P/E) Ratio | N/A |
| Return on Net Worth (RoNW) | 31.85% |
| Net Asset Value (NAV) | ₹26.72 |
FY2025 Financial Metrics: The above valuation figures are based on the company's latest reported financial information and are commonly used by investors to assess IPO pricing and business performance.
Analysis
Teja Engineering IPO Peer Group Comparison
Comparing Teja Engineering Limited with listed industry peers helps investors evaluate the company's valuation, profitability, and financial performance relative to similar businesses operating in the engineering and industrial manufacturing sector. Metrics such as Earnings Per Share (EPS), Price to Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) are commonly used for peer comparison analysis.
Peer group analysis provides a useful benchmark for understanding the company's competitive positioning and growth prospects within the industry. Investors often compare these financial indicators to assess whether the IPO valuation appears attractive when compared with existing listed companies in the sector.
| Company | EPS | P/E Ratio | RoNW % | NAV | Income |
|---|---|---|---|---|---|
| Lakshya Powertech Limited | 15.65 | 7.10 | 24.78% | 78.88 | ₹161.33 Cr. |
Note: Peer comparison data is based on publicly available financial information of listed companies and is intended solely for comparison purposes. Investors should evaluate additional financial and business factors before making investment decisions.
Analysis
IPO Lead Managers aka Merchant Bankers
- Interactive Financial Services Ltd.
FAQ
Teja Engineering Industries IPO FAQs
Teja Engineering Industries IPO price band is Rs 220.00 to Rs 220.00. Check the latest issue price, lot size and GMP together before applying.
Teja Engineering Industries IPO open date is 30 Jun 2026, close date is 02 Jul 2026, and listing date is 07 Jul 2026.
Teja Engineering Industries IPO lot size is 600 shares. The minimum retail investment is Rs 2,64,000.
Teja Engineering Industries is classified as a SME. This helps investors quickly understand the issue category and exchange segment.
Teja Engineering Industries IPO subscription status currently shows Retail 0.32x, Overall 1.37x.
Teja Engineering Industries Limited is an engineering services company that provides operation and maintenance (O&M), erection and commissioning (E&C), and other technical services for the oil & gas, power, and energy sectors. The company undertakes annual maintenance contracts, project execution, instrument calibration, overhauling, decommissioning and recommissioning, stainless-steel tubing installation, and testing and servicing of safety relief valves. It supports OEMs, CNG compressor packagers, and public sector undertakings involved in gas distribution and energy infrastructure. The company generates revenue primarily from O&M services, along with E&C projects and other technical service offerings. It operates through a pan-India workforce deployed at client sites, providing execution and maintenance support for CNG stations, gas compression plants, and natural gas distribution terminals. Teja Engineering is a service-focused company and does not manufacture equipment. It also holds PESO certification for testing safety relief and pressure safety valves, enabling it to provide certified inspection and testing services.
Teja Engineering Industries IPO issue size is 37.36 and the expected allotment date is 03 Jul 2026.