Teja Engineering Industries IPO Opens Today; Day 1 Subscription Begins with Slow Investor Response
Authored By HDFC SKY | Published at: Jun 30, 2026 11:46 AM IST
Teja Engineering Industries IPO opened for subscription on June 30, with the fixed price issue receiving a muted response on Day 1 as overall subscription stood at 0.00x in early bidding while retail investors subscribed 0.01x.
Mumbai, June 30: The Teja Engineering Industries IPO opened for public subscription on Tuesday, giving investors the opportunity to bid for the ₹37.36 crore fixed price SME issue. Early subscription data showed a quiet start, which is fairly common during the initial hours of SME IPO bidding.
According to exchange data available till 10:44 AM on June 30, the IPO was subscribed 0.00 times overall. The retail investor portion was subscribed 0.01 times, while the NII/Other Investors category remained at 0.00 times. The issue will remain open for bidding until July 2, allowing investors three days to participate.
Teja Engineering Industries IPO Day 1 Subscription Status
| Category | Subscription |
| Overall | 0.00x |
| Retail (Individual Investors) | 0.01x |
| NII / Other Investors | 0.00x |
Teja Engineering Industries IPO Details
Teja Engineering Industries is launching a fixed price SME IPO comprising a fresh issue of 16.98 lakh equity shares, aggregating ₹37.36 crore.
- Issue Size: ₹37.36 crore
- Issue Price: ₹220 per share
- Lot Size: 600 shares
- Issue Type: Fixed Price IPO
- Listing Platform: NSE SME
Minimum Investment
Investors need to apply for a minimum of:
- Retail: 1,200 shares worth ₹2,64,000
- HNI: 1,800 shares worth ₹3,96,000
Important IPO Dates
- IPO Opens: June 30, 2026
- IPO Closes: July 2, 2026
- Expected Allotment: July 3, 2026
- Refund Initiation: July 6, 2026
- Shares Credited to Demat: July 6, 2026
- Tentative Listing: July 7, 2026
About Teja Engineering Industries
Founded in 2023, Teja Engineering Industries Limited provides engineering, operation and maintenance, and project execution services for the oil & gas, power and energy sectors. The company also undertakes annual maintenance contracts, turnkey projects, gas station solutions and commissioning services across multiple states in India.
What Investors Should Watch
With the IPO entering Day 1, subscription figures are expected to evolve over the next two trading sessions. Investors will closely monitor whether participation gathers pace as the closing date approaches, especially from retail applicants, who typically account for a significant share of demand in SME IPOs.
Source:
- https://ifinservices.in/pdf/teja-FINAL-PROSPECTUS.pdf
Disclaimer
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Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
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