Teja Engineering Industries
OPENIPO Date: 30 Jun - 2 Jul 2026
Listing Date: 7 Jul 2026
Price Range
Rs.220 - Rs.220
Issue Size
37 Cr
Min Investment
₹1,32,000
Lot Size
600 Shares
Schedule of Teja Engineering Industries
Issue open date
30 Jun 2026
Issue close date
2 Jul 2026
UPI mandate deadline
2 Jul 2026 (5 PM)
Allotment finalization
3 Jul 2026
Share credit
6 Jul 2026
Listing date
7 Jul 2026
Mandate end date
17 Jul 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 37 Cr |
| Fresh Issue | 37.36 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 3 Jul 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 1 Jul 2026 | ₹220 | ₹0 | ₹220 (0%) |
| 29 Jun 2026 | ₹220 | ₹0 | ₹220 (0%) |
| 28 Jun 2026 | ₹220 | ₹0 | ₹220 (0%) |
| 27 Jun 2026 | ₹220 | ₹0 | ₹220 (0%) |
| 26 Jun 2026 | ₹220 | ₹0 | ₹220 (0%) |
| 25 Jun 2026 | ₹220 | ₹0 | ₹220 (0%) |
Performance Teja Engineering Industries
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| Rs.220 - Rs.220 | .... | .... | .... |
About Teja Engineering Industries
Teja Engineering Industries Limited provides engineering services for the oil & gas, power, and energy sectors. The company primarily offers operations & maintenance (O&M) services, along with erection & commissioning (E&C), project execution, instrument calibration, overhauling, decommissioning and recommissioning, stainless-steel tubing installation, nondestructive thickness testing, and testing and servicing of safety relief valves. It serves OEMs, CNG compressor packagers, and public sector undertakings involved in gas distribution and energy infrastructure. The company operates across 15 states in India and deploys its workforce at client sites to support CNG stations, gas compression plants, and natural gas distribution terminals. It follows a service-based business model and does not manufacture equipment. As of August 31, 2025, the company had completed over 300 CNG compressor station projects, managed O&M services for more than 550 units across India, and executed 533 O&M projects and 25 E&C projects during the period.
| Founded in | 2023 |
| Managing director | Mr Srinivasarao Vakalapudi |
| Parent organization |
Financial Overview
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.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |