The IPO of Teja Engineering Industries Limited (TEIL) consists of a completely Fresh Issue of up to 17,00,000 Equity Shares with a face value of ₹10 each. The issue is structured through a Fixed Price Process in terms of Chapter IX of the SEBI (ICDR) Regulations, 2018, and the shares are proposed to be listed on the NSE Emerge platform.
For this public offering, Interactive Financial Services Limited is acting as the Lead Manager, while KFin Technologies Limited is the designated Registrar. The company has finalised Aftertrade Broking Private Limited to act as its Designated Market Maker for a standard period of three years post-listing.
Teja Engineering Industries IPO Objectives
The company proposes to utilise the net proceeds from the IPO for the following purposes:
- ₹1,755.30 lakh will be used for the purchase of new equipment and machinery to enhance manufacturing capabilities.
- ₹926.00 lakh will be allocated towards meeting the company's working capital requirements.
- The remaining proceeds will be utilised for general corporate purposes and issue-related expenses, as specified in the DRHP.
About Teja Engineering Industries
Teja Engineering Industries Limited (TEIL) was originally incorporated as a private limited company on April 17, 2023. To consolidate operations, the company acquired the running engineering proprietorship firm M/s Teja Engineering Services (TES) (originally founded in 2002 by promoter Srinivasarao Vakalapudi) through a Business Transfer Agreement dated July 17, 2023. The company subsequently converted into a public limited entity on September 19, 2023.
Today, TEIL specialises in offering efficient, data-driven engineering solutions within India's natural gas sector. Its competencies include customised pipeline design, execution of turnkey CNG Gas Pump stations, high-efficiency compression systems, instrument calibration, and robust Erection & Commissioning (E&C) alongside high-margin Operations & Maintenance (O&M) contracts.
Industry Outlook
- As per the information contained in the DRHP, India’s economy is estimated at ₹1,87,97,000 crore (US$ 2.20 trillion) in FY25, growing 6.5% from ₹1,76,51,000 crore in FY24.
- Economic reforms have strengthened the services sector, making it a key driver of GDP, exports (around 3.3% global share), and employment.
- The oil and gas sector is one of India’s eight core industries, playing a major role in shaping industrial activity across sectors.
- India is the third-largest oil consumer globally (2023), driven by rapid industrial growth and rising energy demand.
- India has successfully integrated its power systems into a single national grid, improving supply stability and reducing power shortages.
How To Apply for the Teja Engineering Industries IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Teja Engineering Industries IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Teja Engineering Industries IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Teja Engineering Industries IPO
- Registered Office Address: A/14 Shantiniketan Society, N/r Shravan Chokdi, Bharuch, Gujarat, India - 392001
- Telephone Number: 02642-239705
- Email ID:info@tejaengineering.com
- Website:www.tejaengineering.com
- Contact Person: Mr. Deepak Kumar Laddha (Company Secretary and Compliance Officer)
Teja Engineering Industries IPO Reservation
| Investor Category | Shares Offered | % of Total Issue |
| NII (HNI) | 8,06,400 | 47.49% |
| Retail Individual Investors (RII) | 8,06,400 | 47.49% |
| Market Maker | 85,200 | 5.02% |
| Total | 16,98,000 | 100.00% |
Teja Engineering Industries IPO Lot Size Details
| Application Category | Amount |
| Individual Investors (IND) – Minimum | ₹2,64,000 |
| Individual Investors (IND) – Maximum | ₹2,64,000 |
| HNI – Minimum | ₹3,96,000 |
Teja Engineering Industries IPO Promoter Holding
The promoters of the company are Srinivasarao Vakalapudi and Suryakumari Vakalpudi.
| Particulars | Percentage |
| Pre-Issue Promoter Holding | 91.33% |
| Post-Issue Promoter Holding | 67.17% |
Note: Equity dilution will be determined by subtracting the Shareholding Post Issue from the Shareholding Pre Issue.
Key Performance Indicators for Teja Engineering Industries IPO
| Key Performance Indicator | FY 2024-25 |
| Revenue Growth Rate (YoY) | 74.65% |
| Profit After Tax (PAT) Growth Rate | 86.11% |
| Earnings Per Share (EPS) | ₹8.80 |
| Net Asset Value (NAV) per Share | ₹26.72 |
Teja Engineering Industries IPO Prospectus
Teja Engineering Industries IPO Registrar and Lead Managers
Teja Engineering Industries IPO Lead Managers
- Name: Interactive Financial Services Limited
- Address: Office No. 508, Fifth Floor, Priviera, Nehru Nagar, Ahmedabad - 380015, Gujarat, India
- Phone: 079-49088019 / +91-9898055647
- Email:mbd@ifinservices.in
Registrar for Teja Engineering Industries IPO
- Name: KFin Technologies Limited
- Address: Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad - 500032, Telangana, India
- Phone: +91 40 6716 2222
- Email:teja.ipo@kfintech.com
Financial Performance of Teja Engineering Industries
| Financial KPI | FY 2024-25 | FY 2023-24 | FY 2022-23 |
| Total Revenue from Operations | 5,521.83 | 3,161.72 | 2,457.90 |
| Profit After Tax (PAT) | 401.59 | 215.78 | 126.51 |
| Paid-up Share Capital | 471.93 | 451.03 | 110.08 |
| Net Worth | 1,261.04 | 664.92 | 379.94 |
| Total Borrowings | 1,285.01 | 708.98 | 674.44 |
Teja Engineering Industries Peer Comparison
As per the company's DRHP, there are no exact listed peers directly comparable to the unique business matrix of engineering and centralized O&M natural gas compression services handled by TEIL. Metric tables will be structured if matching niche businesses list on the SME/Mainboard platform in the upcoming quarters.
Strengths and Opportunities for Teja Engineering Industries IPO
- The revenue from operations increased 74.65% YoY to ₹5,521.83 lakh in FY25 from ₹3,161.72 lakh in FY24.
- It operates engineering projects across 15 states, including Gujarat, Maharashtra, Telangana, and West Bengal.
- It benefits from over 20 years of operational expertise through its predecessor proprietorship established in 2002.
- Its Profit after tax (PAT) grew 86.11% YoY to ₹401.59 lakh in FY25.
- Increasing investments in city gas distribution and energy infrastructure are expected to drive long-term demand.
- IPO proceeds of ₹1,755.30 lakh will be used to acquire new machinery and strengthen execution capabilities.
- It maintains long-standing associations with leading energy companies and public sector enterprises.
- It offers integrated engineering solutions, from pipeline installation to compressor maintenance and O&M services.
- It employs over 1,950 trained professionals, supporting efficient project execution across multiple locations.
- Its restated financial statements have been issued without any audit qualifications or adverse remarks.
Risks and Threats for Teja Engineering Industries IPO
- The top 10 customers contributed nearly 98.95% of total revenue in FY25.
- The Operations & Maintenance (O&M) accounted for 93.57% of FY25 revenue, indicating limited revenue diversification.
- Outstanding cash credit utilisation stood at ₹1,186.90 lakh as of March 31, 2025.
- Engineering activities involving high-pressure gas infrastructure carry significant execution and safety risks.
- The company was incorporated in April 2023, limiting its listed operating history.
- Dependence on a workforce of over 1,950 employees exposes operations to labour shortages and wage inflation.
- Capital expenditure plans are yet to be finalised through confirmed purchase orders, exposing the company to cost escalation.
- Revenue billing remains largely concentrated through customer offices in Gujarat and Maharashtra, despite nationwide operations.
- Project execution relies on external transport providers for movement of heavy equipment and components.
- Rising borrowing costs or adverse economic conditions could impact infrastructure spending and project execution.
