Soon
Teja Engineering Industries Limited IPO
SME
NSE SME
Fixed Price
Upcoming
Teja Engineering Industries Limited IPO
SME
NSE SME
Fixed Price
Upcoming
Price Band
₹220
Total Issue
₹37 Cr
Bid Dates
30 Jun - 02 Jul
Subscription
-
Est. GMP
₹0 (0.00%)
Valuation
Market Cap
₹141.18 Cr
P/E Ratio
25.00x
P/B Ratio
8.23x
Teja Engineering IPO Dates
Open
Close
Allotment
Refunds
Credit
Listing
Conflicting IPOs
IPOs with overlapping timeline
Business Overview
Teja Engineering Industries Limited (TEIL), incorporated in April 2023 and headquartered in Bharuch, Gujarat, is a service provider in the Oil & Gas, Power, and Energy sectors. TEIL acquired the erstwhile proprietorship firm Teja Engineering Services (founded 2002) through a Business Transfer Agreement in July 2023. The company delivers Operations & Maintenance, Erection & Commissioning, instrument calibration, non-destructive testing, safety relief valve testing, overhauling, and decommissioning services to OEMs, CNG compressor packagers, and public sector undertakings. Operations span 15 states with a workforce of 1,994. TEIL has completed 397 E&C sites and manages over 728 active O&M sites pan-India, supported by PESO, ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications.
Teja Engineering IPO Lot Size
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Ind (Min) | 2 | 1,200 | ₹2,64,000 |
| Ind (Max) | 2 | 1,200 | ₹2,64,000 |
| Others (Min) | 3 | 1,800 | ₹3,96,000 |
Market Maker
₹85,200.00
Employee
₹0.00
Shareholder
₹0.00
Teja Engineering IPO Size
Total
₹37 Cr
Fresh Issue
₹37 Cr
(0.17 Cr
Shares)
Offer For Sale
₹0
(0.00
Shares)
Objects of the Issue
Funding Capital Expenditure requirements for the purchase of equipment/machineries
Funding the Working Capital requirement
General Corporate Purposes
Total
Key Risk Factors
The company's failure to meet client work order standards may result in service shortfalls, contract termination, compensation payouts, or loss of business — adversely affecting cash flows and operations.
Key Risk Factors
The company's failure to meet client work order standards may result in service shortfalls, contract termination, compensation payouts, or loss of business — adversely affecting cash flows and operations.
A significant portion of the company's revenue (93.57% in FY25) is derived from Operations & Maintenance services; client payment delays or defaults could materially affect cash flows and working capital.
The company undertakes hazardous CNG Gas Pump station construction on a turnkey basis; accidents could cause personal injury, loss of life, property damage, environmental harm, and civil/criminal liabilities.
Delays in completing ongoing or future Engineering & Commissioning (E&C) projects could result in payment of liquidated damages to customers, adversely affecting liquidity and financial results.
Over the past three years, the top 10 customers contributed over 98% of the company's revenue; loss of any key customer would significantly impact the company's financial position and profitability.
The company acquired the ongoing business of M/s. Teja Engineering Services through a Business Transfer Agreement; erroneous assumptions or calculations underlying the takeover could materially affect operations.
The company has a very short operating history as a corporate entity, making it difficult to assess future prospects and historic growth rates as representative or reliable indicators of future performance.
The company has not yet placed orders for the proposed capital expenditure (machineries) to be funded from IPO proceeds; delays in vendor finalisation may push deployment timelines and project costs higher.
Failure to establish and maintain an effective internal controls and compliance system could lead to misstatement, regulatory action, or reputational damage adversely affecting business operations.
The company received an adverse audit qualification for not maintaining an audit trail in FY 2023-24, which may impact regulatory standing and investor confidence in the company's financial controls.
Teja Engineering IPO Details Live GMP
GMP
₹0
Est. Price
₹220
Est. Gain
0.00%
| Date | GMP (₹) | Est. Price |
|---|
Teja Engineering IPO Peer Comparison
(Rs. in crores)
| Particulars | Teja Engineering | Lakshya Powertech |
|---|---|---|
| Revenue | 55.22 | 160.10 |
| PAT | 4.02 | 15.80 |
| EPS (₹) | 8.80 | 15.65 |
| NAV (₹) | 26.72 | 78.88 |
| RONW | 31.85% | 24.78% |
| EBITDA | 12.42% | 14.80% |
| PAT | 7.27% | 9.87% |
| PE Ratio | 25.00 | 7.10 |
| Debt to Equity | 1.01 | 0.27 |
All information pertains to FY 2024-25. PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of June 22, 2026 for Peers
Teja Engineering IPO Financial Performance
(Rs. in crores)
| Particulars | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue | 54.32 | 55.22 | 31.62 |
| PAT | 4.00 | 4.02 | 2.16 |
| Net Worth | 16.68 | 12.67 | 6.74 |
| Borrowings | 17.36 | 12.85 | 7.09 |
| Assets | 48.26 | 33.09 | 20.95 |
| NAV (₹) | 35.24 | 26.72 | 14.94 |
| EPS (₹) | 8.48 | 8.80 | 4.78 |
Key Performance Indicators (KPIs)
EBITDA
12.42%
PAT
7.27%
ROE
42.44%
ROCE
26.14%
Debt to Equity
1.01
All the data pertains to FY 2024-25. PE, PB, and market capitalization are calculated based on the Upper Price Band
Teja Engineering IPO Financial Statements
(Rs. in crores)
| Particulars | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| Revenue from Operations | 54.32 | 55.22 | 31.62 |
| Other Income | 0.01 | 0.01 | 0.00 |
| Total Income | 54.32 | 55.23 | 31.62 |
| Cost of Services/Materials | 40.28 | 42.92 | 23.84 |
| Employee Benefits Expense | 3.13 | 2.16 | 1.86 |
| Finance Costs | 1.33 | 1.28 | 0.66 |
| Depreciation & Amortisation | 0.25 | 0.21 | 0.13 |
| Other Expenses | 3.84 | 3.29 | 2.18 |
| Total Expenses | 48.83 | 49.86 | 28.67 |
| Profit Before Tax | 5.49 | 5.38 | 2.94 |
| Tax Expense | 1.49 | 1.36 | 0.79 |
| Profit After Tax | 4.00 | 4.02 | 2.16 |
| EPS — Basic (₹) | 8.48 | 8.80 | 4.78 |
| EPS — Diluted (₹) | 8.48 | 8.80 | 4.78 |
| Particulars | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| Equity Share Capital | 4.72 | 4.72 | 4.51 |
| Reserves & Surplus | 11.96 | 7.95 | 2.23 |
| Total Equity | 16.68 | 12.67 | 6.74 |
| Total Borrowings | 17.36 | 12.85 | 7.09 |
| Trade Payables | 3.07 | 1.51 | 1.59 |
| Other Liabilities | 11.15 | 6.06 | 5.53 |
| Total Equity & Liabilities | 48.26 | 33.09 | 20.95 |
| Fixed Assets | 2.99 | 2.56 | 1.40 |
| Trade Receivables | 12.32 | 9.03 | 7.13 |
| Cash & Bank Balances | 0.13 | 1.03 | 0.18 |
| Other Assets | 32.82 | 20.47 | 12.25 |
| Total Assets | 48.26 | 33.09 | 20.95 |
| Particulars | Dec-25 | Mar-25 | Mar-24 |
|---|---|---|---|
| Cash Flow from Operating Activities (CFO) | -2.92 | -0.92 | -9.07 |
| Cash Flow from Investing Activities (CFI) | -1.16 | -4.63 | -1.76 |
| Cash Flow from Financing Activities (CFF) | 3.19 | 6.40 | 11.01 |
| Net Change in Cash & Equivalents | -0.90 | 0.85 | 0.18 |
| Cash & Equivalents at End of Period | 0.13 | 1.03 | 0.18 |
Promoter Holding
Promoter
91.33%
Public
8.67%
Srinivasarao Vakalapudi
91.32%
Others
0.01%
Management
Srinivasarao Vakalapudi
Age: 56
MD & Chairman
Remuneration
₹Rs. 2,00,000/month (Rs. 24 Lakhs paid in FY24-25); appointed 04 Oct 2023 for 5 years
Education
Diploma in Mechanical Engineering (Board of Technical Examination, Karnataka, 1991)
Prior Experience
Over 32 years in Oil & Gas and engineering works; previously with Brilliant Industries Limited (1992-97) as supervisor and Indian Rayon & Industries Limited (1997-2000) as Assistant Superintendent (Mechanical); founded proprietorship Teja Engineering Services in 2002.
Suryakumari Vakalapudi
Age: 46
WTD
Remuneration
₹Rs. 1,00,000/month (Rs. 3 Lakhs paid in FY24-25); appointed 04 Oct 2023 for 5 years
Education
Matriculated (Karnataka Secondary Education Examination Board, 1996)
Prior Experience
5 years in business operations and management in the same industry; owns proprietorship M/s. Surya Instruments and Calibration since August 2019.
Mohammad Vajid Shaikh
Age: 33
CFO
Remuneration
₹Rs. 0.95 Lakhs paid in FY24-25 (joined 03 Dec 2024)
Education
B.Com (Maharaja Sayajirao University of Baroda, 2013)
Prior Experience
Over 10 years in finance and accounting; previously with S L Patel & Co., Ankleshwar (Sep 2022-Aug 2024) and Shree Ganesh Khand Udhyog SML Soc., Vataria, Ankleshwar (Aug 2013-Sep 2021).
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (1)
Company Details
Name: Teja Engineering Industries Limited
Address: A/14 Shantiniketan Society, N/r Shravan Chokdi, Bharuch, Gujarat, India-392001
Number: 02642-239705
Email: info@tejaengineering.com
Website: https://www.tejaengineering.com
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Frequently Asked Questions (FAQs)
What is Teja Engineering IPO?
Teja Engineering IPO is a SME IPO having an issue size of
₹37 Crs.
Teja Engineering IPO is priced at
₹220 - ₹220 per
share.
The
issue opens on 30 Jun 26
and
closes on 02 Jul 26.
When will Teja Engineering IPO open?
Teja Engineering IPO opens on
30 Jun 26 and closes on
02 Jul 26.
What is the GMP of Teja Engineering IPO?
The estimated Grey Market Premium of Teja Engineering IPO is
₹0 per share (0.00%).
What is the lot size of Teja Engineering IPO?
The minimum lot size of Teja Engineering IPO is
600 shares & the minimum application amount
is
Rs.
132000.
When is the allotment of Teja Engineering IPO?
The allotment date of Teja Engineering IPO is
03 Jul 26.
What is the listing date of Teja Engineering IPO?
The listing date of Teja Engineering IPO is
07 Jul 26.
What is the subscription of Teja Engineering IPO?
Teja Engineering IPO is subscribed
-.
What is the price band of Teja Engineering IPO?
Teja Engineering IPO is priced at
₹220 - ₹220 per
share.
How to check allotment status of Teja Engineering IPO?
Click the allotment link on Teja Engineering IPO page of IPO360.
How to apply Teja Engineering IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Teja Engineering IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Teja Engineering IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Teja Engineering IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date
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