Teja Engineering Industries IPO
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Teja Engineering Industries IPO details
Schedule of Teja Engineering Industries
| Issue open date | 30 Jun 2026 |
| Issue close date | 02 Jul 2026 |
| UPI mandate deadline | 02 Jul 2026 (5 PM) |
| Allotment finalization | 03 Jul 2026 |
| Refund initiation | 06 Jul 2026 |
| Share credit | 06 Jul 2026 |
| Listing date | 07 Jul 2026 |
| Mandate end date | 17 Jul 2026 |
| Lock-in end date for anchor investors (50%) | 01 Aug 2026 |
| Lock-in end date for anchor investors (remaining) | 30 Oct 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
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.
Financials of Teja Engineering Industries
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 37.36 |
| Fresh issue- proceeds go to the company | 37.36 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| Purchase equipment and machinery | 18.01 (48.21%) |
| Funding working capital requirements | 9.26 (24.79%) |
| General corporate purposes | 5.5 (14.72%) |
| Issue-related expenses | 4.59 (12.28%) |
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.