Teja Engineering Industries IPO Day 3: Subscription Stands At 0.34x As Issue Closes Today

Mumbai, July 2: Following the ongoing subscription period, Teja Engineering Industries IPO was subscribed 0.34 times on the last of subscription on Thursday (Day 3). The fixed price SME issue, which opened for bidding on June 30, 2026, is scheduled to close for subscription today, July 2, 2026.

The issue has witnessed a gradual improvement in investor participation since opening, although demand remains below full subscription heading into the final day. Non-institutional investors (NIIs) have shown relatively stronger interest than the retail category, while investors are likely to watch whether bidding gathers momentum before the subscription window closes later today.

The ₹37.36 crore IPO is entirely a fresh issue of 16.98 lakh equity shares. The company has fixed the issue price at ₹220 per share, and investors can bid in lots of 600 shares.

Teja Engineering Industries IPO Subscription Status Day 3

As of 10:44 AM on July 2, the issue had received the following bids:

• Overall Subscription: 0.34x
• Retail Investors: 0.12x
• NII: 0.55x
• QIB: Not Applicable
• Total Applications: 93

The NII portion continues to account for most of the demand received so far, while retail participation remains modest. Since this is a fixed price SME issue without a public QIB portion, investor focus remains on retail and non-institutional bidding.

Subscription Trend

The subscription has improved steadily over the three-day bidding period, although it remains below the one-time mark.

• Day 1: Overall 0.06x | Retail 0.02x | NII 0.11x
• Day 2: Overall 0.31x | Retail 0.08x | NII 0.55x
• Day 3 (10:44 AM): Overall 0.34x | Retail 0.12x | NII 0.55x

While retail applications have continued to inch higher, NII demand has remained unchanged from Day 2. With subscriptions closing later today, investors will be watching whether last-day applications lift the overall subscription closer to full coverage.

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)
• Listing: NSE SME

Important Dates

• IPO Opens: June 30, 2026
• IPO Closes: July 2, 2026
• Tentative Allotment: July 3, 2026
• Refunds: July 6, 2026
• Shares Credited to Demat Accounts: July 6, 2026
• Tentative Listing: July 7, 2026

About Teja Engineering Industries

Teja Engineering Industries Limited provides engineering and project support services for the oil & gas, power and energy sectors. The company undertakes annual maintenance contracts, operation and maintenance services, erection and commissioning work, and turnkey projects, including natural gas compression stations.

Conclusion

Teja Engineering Industries IPO has recorded a gradual rise in subscriptions during the three-day bidding period, but the issue remains undersubscribed as it enters its final trading session. With the subscription window closing today, the final few hours of bidding will determine whether investor participation strengthens enough to significantly improve the overall subscription figures.

Source:

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