Teja Engineering Industries ₹37 crore IPO Opens Tomorrow; Here's Everything Investors Need to Know

Mumbai, June 29: The primary market will see another SME public issue open for bidding on June 30 as Teja Engineering Industries Ltd. launches its ₹37.36 crore fixed-price IPO. The public issue will remain available for subscription until July 2, giving eligible investors three trading sessions to place their bids.

Unlike many recent SME offerings that have followed the book-building route, Teja Engineering Industries IPO has opted for a fixed issue price of ₹220 per share. The company plans to raise fresh capital through the issue, with no existing shareholders selling their stake.

For investors tracking upcoming SME IPOs, here are the key details before the subscription window opens.

Issue Structure

The IPO consists entirely of a fresh issue of 16.98 lakh equity shares, aggregating ₹37.36 crore. Since there is no offer for sale (OFS), the proceeds from the issue will flow directly to the company.

The shares are proposed to be listed on the NSE SME platform.

Issue Price and Minimum Investment

Teja Engineering Industries has fixed the issue price at ₹220 per equity share.

The minimum application requires 1,200 shares, translating into an investment of ₹2.64 lakh for retail investors.

Investment requirements are:

• Retail: 1,200 shares worth ₹2,64,000

• HNI: 1,800 shares worth ₹3,96,000

Applications can be submitted in multiples of the prescribed lot size.

Reservation For Investors

The net issue has been divided equally between retail and non-institutional investors.

• Retail Investors: 8,06,400 shares (50%)
• NII/HNI: 8,06,400 shares (50%)

Additionally, 85,200 shares have been reserved for the market maker.

IPO Timeline

Investors should keep these important dates in mind:

• IPO opens: June 30, 2026
• IPO closes: July 2, 2026
• Expected allotment: July 3, 2026
• Refund initiation: July 6, 2026
• Shares credited to demat accounts: July 6, 2026
• Tentative listing on NSE SME: July 7, 2026

About The Company

Founded in 2023, Teja Engineering Industries provides engineering support and maintenance services to clients in the oil & gas, power and energy sectors. Its offerings include annual maintenance contracts (AMC), comprehensive maintenance contracts (CMC), operation and maintenance services, erection and commissioning work, along with turnkey solutions for natural gas infrastructure.

The company says it has expanded its presence across several states, serving industrial and infrastructure projects in different parts of the country.

What Investors Should Watch

With subscriptions set to begin tomorrow, the market’s immediate focus will shift to the response from retail and HNI investors during the three-day bidding period. Since SME IPOs often witness sharp swings in subscription levels during the final session, the demand trend over the next few days will provide a clearer picture of investor appetite for the issue.

Once the bidding closes on July 2, attention will move to the allotment process and the company’s proposed NSE SME debut on July 7.

Source:

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