Teja Engineering Industries IPO
smelistedAbout the company
Teja Engineering Industries is an engineering services company that provides technical and maintenance services to the oil & gas, power, and energy sectors. The company does not manufacture any equipment. Instead, it supports OEMs, public sector companies, and CNG compressor packagers by providing skilled manpower and engineering services for CNG stations, gas compression plants, and natural gas distribution terminals. Its services include Operation & Maintenance (O&M), Erection & Commissioning (E&C), Instrument Calibration, Non-Destructive Testing (NDT), and testing and servicing of Safety Relief Valves (SRVs). TEIL has a presence across 15 states. It has completed more than 300 CNG compressor station projects and currently provides O&M services to over 550 units across the country. Its O&M business has grown significantly, with the number of O&M contracts increasing from 243 in FY23 to 533 by August 2025. During the same period, E&C projects were reduced from 59 to 25. Operation & maintenance remains the largest contributor to revenue. In FY25, O&M generated ₹51.66 crore, accounting for 93.5% of total revenue, compared with ₹28.73 crore, or 90.89% of total revenue, in FY24. TEIL operates a manpower-intensive business; employee expenses are its largest cost component, accounting for 82.9% of total expenses during FY25. Gujarat contributed 53.2% of the total revenue in FY25, while Maharashtra contributed 45.48%.
GMP trend (Grey Market Premium by date)
| Date | GMP (₹) | Est. Listing | Change |
|---|---|---|---|
| 02 Jul | ₹0 | ₹220 | 0 |
| 01 Jul | ₹0 | ₹220 | 0 |
| 30 Jun | ₹0 | ₹220 | 0 |
| 29 Jun | ₹0 | ₹220 | 0 |
| 28 Jun | ₹0 | ₹220 | 0 |
| 27 Jun | ₹0 | ₹220 | 0 |
| 26 Jun | ₹0 | ₹220 | 0 |
| 25 Jun | ₹0 | ₹220 | 0 |
Strengths
- Established presence in the engineering and manufacturing sector with industry experience.
- Diverse product portfolio catering to multiple industrial applications.
- Strong relationships with existing customers, supporting repeat business.
- Focus on quality standards and manufacturing efficiency.
- Experienced management team with technical and operational expertise.
- Opportunity to benefit from increasing industrial and infrastructure spending.
- Scalable business model with potential for capacity expansion and revenue growth.
- Presence in a sector that is supported by long-term manufacturing and infrastructure development trends.
Risks
- Business performance may be affected by fluctuations in raw material prices.
- High dependence on industrial and economic activity could impact demand during slowdowns.
- Intense competition from organized and unorganized players in the engineering sector.
- Customer concentration, if any, may expose the company to revenue volatility.
- Delays in project execution or order fulfillment could affect profitability.
- Working capital-intensive operations may require continuous funding support.
- Any disruption in the supply chain could impact production schedules.
- Regulatory changes and compliance requirements may increase operational costs.
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed30 Jun 2026Bidding starts for all investor categories
IPO Closes
Completed02 Jul 2026Last day to place your bid
Basis of Allotment
Completed03 Jul 2026Share allotment finalised
Refund Initiation
Completed06 Jul 2026Refunds credited for non-allottees
Credit to Demat
Completed06 Jul 2026Allotted shares credited to demat account
Listing on Exchange
Completed07 Jul 2026Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail / Individual | 1 | 600 | ₹132,000 | 1 | ₹132,000 | 1 lot only |
| HNI | 2 | 1200 | ₹264,000 | 2 | ₹264,000 | Min 2 lots |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 840,909 | 18.5 | 0 | 0.00x | 100% |
| NII | 15% | 252,273 | 5.55 | 27,750 | 0.11x | 100% |
| Retail | 35% | 588,636 | 12.95 | 5,886 | 0.01x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
