Teja Engineering Industries IPO Day 2: Subscription Inches Up To 0.02x Ahead of July 2 Closing

Mumbai, July 1: Teja Engineering Industries IPO was subscribed 0.02 times by 10:49 AM on Wednesday (Day 2). The fixed price SME issue, which opened for bidding on June 30, 2026, will remain available for subscription until July 2, 2026.

Investor participation remained muted during the second day of bidding. While the retail portion recorded a slight increase in applications compared with the opening day, the non-institutional investor (NII) segment was yet to attract any bids at the time of the latest exchange update.

The ₹37.36 crore public issue is entirely a fresh issue of 16.98 lakh equity shares. Shares are being offered at a fixed price of ₹220 each, with investors required to apply for a minimum of 600 shares.

Teja Engineering Industries IPO Subscription Status Day 2

• Overall Subscription: 0.02x
• Retail Investors: 0.03x
• NII Category: 0.00x
• Total Applications: 24

The latest bidding data indicates that demand continues to be driven only by retail investors, although participation remains limited. Institutional participation is not applicable for this fixed price SME IPO.

Day-wise Subscription Trend

• Day 1: Overall 0.00x | Retail 0.01x | NII 0.00x
• Day 2 (10:49 AM): Overall 0.02x | Retail 0.03x | NII 0.00x

IPO Details

• Issue Size: ₹37.36 crore
• Fresh Issue: 16.98 lakh equity shares
• Offer for Sale: Nil
• Issue Price: ₹220 per share
• Lot Size: 600 shares
• Minimum Retail Investment: ₹2,64,000 (1,200 shares)
• Issue Type: Fixed Price IPO
• Listing Exchange: NSE SME

Important Dates

• IPO Opening Date: June 30, 2026
• IPO Closing Date: July 2, 2026
• Tentative Allotment: July 3, 2026
• Refund Initiation: July 6, 2026
• Shares Credited To Demat Accounts: July 6, 2026
• Tentative Listing Date: July 7, 2026

About Teja Engineering Industries

Founded in 2023, Teja Engineering Industries Ltd. provides engineering support and project execution services for the oil & gas, power and energy sectors. Its operations include annual maintenance contracts, operation and maintenance services, erection and commissioning work, as well as turnkey solutions for natural gas infrastructure across multiple Indian states.

Conclusion

With one day of bidding still remaining, Teja Engineering Industries IPO has seen only modest investor participation so far. Retail demand has improved slightly since the opening session, but the overall subscription remains well below the fully subscribed mark. Market participants will now watch the final day of bidding to see whether applications gather pace before the issue closes on July 2.

Source:

• https://ifinservices.in/pdf/teja-FINAL-PROSPECTUS.pdf