Teja Engineering Industries IPO
Price band
₹220
Lot size
600 shares
Min investment
₹1,32,000
Issue size
₹37.36 Cr
IPO schedule
| Open date | 30 Jun 2026 |
| Close date | 2 Jul 2026 |
| UPI mandate cut-off | 2 Jul 2026 |
| Allotment finalisation | 3 Jul 2026 |
| Refund initiation | 6 Jul 2026 |
| Shares credited to demat | 6 Jul 2026 |
| Listing date | 7 Jul 2026 |
| Mandate end date | 17 Jul 2026 |
| Anchor lock-in (50%) | 1 Aug 2026 |
| Anchor lock-in (remaining) | 30 Oct 2026 |
About Teja Engineering Industries
Teja Engineering Industries Limited is an engineering services company that provides operation and maintenance (O&M), erection and commissioning (E&C), and other technical services for the oil & gas, power, and energy sectors. The company undertakes annual maintenance contracts, project execution, instrument calibration, overhauling, decommissioning and recommissioning, stainless-steel tubing installation, and testing and servicing of safety relief valves. It supports OEMs, CNG compressor packagers, and public sector undertakings involved in gas distribution and energy infrastructure. The company generates revenue primarily from O&M services, along with E&C projects and other technical service offerings. It operates through a pan-India workforce deployed at client sites, providing execution and maintenance support for CNG stations, gas compression plants, and natural gas distribution terminals. Teja Engineering is a service-focused company and does not manufacture equipment. It also holds PESO certification for testing safety relief and pressure safety valves, enabling it to provide certified inspection and testing services.
Strengths
- Strong pan-India presence enables the company to serve customers across multiple states.
- Experienced leadership brings deep industry knowledge to the business.
- Long-standing customer relationships support repeat business and revenue.
- Holds PESO certification for safety valve testing under applicable regulations.
- The company has a consistent track record of completing engineering and commissioning projects on time.
Risks
- A significant share of revenue comes from Operations & Maintenance (O&M) services.
- More than 98% of revenue comes from the top 10 customers, creating customer concentration risk.
- Engineering operations involve hazardous activities that may lead to accidents, liabilities, or operational disruptions.
- The company has a short operating history as a corporate entity, making future performance harder to assess.
- Delays in client payments for services could impact cash flows and working capital.
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