Teja Engineering Industries Ltd IPO

Status: Closed

Overview

IPO date

30 Jun 2026 to 02 Jul 2026

Face value

₹ 10 per share

Price

₹ 220 to ₹220 per share

Issue Size

1,698,000 shares
(aggregating up to ₹ 37.36 Cr)

Allotment Date

03 Jul 2026

Listing at

NSE

Issue type

Fixed Price - SME

Sector

Engineering

The proprietorship Firm, M/s Teja Engineering Services, was initially established on September 24, 2002, issued by the State Government of Ankleshwar. The Firm later relocated to Bharuch, Gujarat, on July 11, 2019. The Company further acquired the proprietorship firm M/s Teja Engineering Services (TES), owned by Promoter, Mr. Vakalapudi Srinivasa Rao, through a Business Transfer Agreement dated July 17, 2023. Teja Engineering Industries Limited was incorporated as 'Teja Engineering Industries Private Limited', a private limited company vide Certificate of Incorporation on April 17, 2023 issued by Central Registration Centre. Subsequently, company converted into public limited Company, by changing its name to 'Teja Engineering Industries Limited' and a fresh certificate of incorporation was issued by the ROC, Ahmedabad on September 19, 2023. Initially, Teja Engineering Services (TES) operated as a small engineering service provider, offering innovative solutions such as customized pipeline design and installation, high-efficiency compression systems, advanced gas measurement and monitoring systems, safety and risk mitigation technologies, compact and modular gas distribution units, environmentally sustainable practices, and remote monitoring and control systems for natural gas projects. Over time, it expanded into Erection & Commissioning (E&C) projects, Operation & Maintenance (O&M) services for gas compressors, overhauling of gas compressors, and instrument calibration. Additionally, the company diversified into the installation of high-pressure SS tubing, bulk cascades, and related services. It also providing services in the erection and commissioning of natural gas projects, including CNG and terminal stations. Recognizing the increasing demands of the energy sector, TEIL strategically expanded its operations to undertake larger and more complex Erection & Commissioning. Today, the company has enhanced its expertise, delivering innovative and efficient solutions that contribute to the advancement of India's energy infrastructure. Company is planning an IPO of 17,00,000 fresh issue of equity shares of Rs 10/- per equity.

Unlock Stock of the Month

T&C*

Strengths vs Risks of Teja Engineering Industries Ltd

Know the pros & cons

Strengths

Extensive Pan-India Presence of our Company enabling wide market access and service coverage to our Business.
Commitment to Quality and Industry Accreditations.
Experienced Leadership with Extensive Domain Knowledge.
Strong Customer Relationships as a Key Business Strength.

Risks

We could incur additional cost or loss in revenue in connection with our failure to comply with all our commitments in our customer contracts.
Our Company has acquired the ongoing business of M/s. Teja Engineering Services, a Proprietorship Concern through Business Transfer agreement. If, any of our assumptions, calculations is/are erroneous, it will have adverse effect on our business operations, liquidity and profitability.
We have very short span of operating history as company. Which makes it difficult to assess our future prospects and historic growth rates or results of operations and which may not be representative or reliable indicators of our future performance.
We have to undertake the hazardous operations in carrying out the construction of CNG Gas Pump station on turnkey basis. Hazards operations can cause personal injury and loss of life, severe damage to and destruction of property and equipment, environmental damage and may result in the suspension of operations and the imposition of civil and criminal liabilities.
We have not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
If we are unable to establish and maintain an effective system of internal controls and compliances, our business and reputation could be adversely affected.
Delays in the completion of ongoing or and future projects could result in to payment of liquidated damages to our customers for our engineering, and Commissioning ("E&C") project, which could have an adverse effect on our liquidity, business operations and financial results.
Our failure to perform in accordance with the standards prescribed in work order of our client could result in loss of business or compensation payment.
Our Company's business could be adversely affected by labour disputes, work stoppages and strikes by the labour.
Out top 10 customers and top 5 customers contribute majority of revenue from operations for the Financial Year 2023-24 and for the period ended on December 2024.
The Company is utilising the Adhoc limit of Rs 200.00 Lakhs from Bank of Baroda even though the same has been lapsed.
Any major disruptions of information technology systems or breaches of data security could adversely affect our business.
We are also dependent on third party transportation service providers apart from our own vehicles for delivery of materials and equipment required at the project site. Any failure on part of such transport service providers to meet their obligations could have a material adverse effect on our business, financial condition and results of operation.
We have projects in diverse geographical regions which may expose us to various challenges.
Our projects are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new projects are not awarded to us or if contracts awarded to us are prematurely terminated.
Our insurance coverage may not be sufficient or adequate to protect us against all material hazards, which may adversely affect our business, results of operations, financial condition and cash flows.
The requirements of being a public listed company may strain our resources and impose additional requirements.
There have been instances of delay in filing of Provident Fund (PF) returns, Goods and Service Tax returns (GST) and return of Tax Deducted at Source (TDS) dues.
We do not own registered office from which we operate.
Our two Premises from where we will start the testing and Maintenance Center and repairing of critical part of compressor and gas gathering equipments are on lease basis. If, on completion of lease period, the same is not renewed, we have to find out the alternate premises, which affect our business adversely.
Our company avails credit facilities from the Bank of Baroda, as per sanction terms there are certain restrictive covenants imposed on the issuer company.
Our Promoters/Directors have issued personal guarantees and/or mortgaged their property in relation to debt facilities availed by us, which if revoked, may require alternative guarantees, repayment of amounts due or termination of the facilities.
Our Promoter and members of the Promoter Group will continue jointly to retain majority control over our Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
We are required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate our business and our manufacturing facility, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on our results of operations.
There are certain instances of delays in the past with ROC/Statutory Authorities
Our Company does not have intellectual property rights over its corporate logo "TEJA ENGINEERING INDUSTRIES LTD"
We are dependent upon the experience and skill of our promoter, management team and key managerial personnel and senior management personnel. Loss of our Promoter or our inability to attract or retain such qualified personnel, could adversely affect our business, results of operations and financial condition.
We may not be able to successfully manage the growth of our operations and execute our growth strategies which may have an adverse effect on our business, financial condition, results of operations and future prospects.
We operate in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect our business, financial condition and results of operations.
We have experienced negative cash flows in previous years / periods. Any operating losses or negative cash flow in the future could adversely affect our results of operations and financial condition.
The average cost of acquisition of Equity Shares held by our Promoters is lower than the Issue Price.
Our Promoters, Directors and Key Managerial Personnel may have interest in our Company, other than reimbursement of expenses incurred or remuneration.
We have entered into certain transactions with related parties. These transactions or any future transactions with our related parties could potentially involve conflicts of interest.
There is no monitoring agency appointed by Our Company and the deployment of funds are at the discretion of our Management and our Board of Directors, though it shall be monitored by our Audit Committee.
We have not identified any alternate source of financing the `Objects of the Issue'. If we fail to mobilize resources as per our plans, our growth plans may be affected.
Our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
Delay in raising funds from the IPO could adversely impact the implementation schedule.
We have not independently verified certain data in this Draft Prospectus.
Our funding requirements and proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised and may be subject to change based on various factors, some of which are beyond our control.
Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by our Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
The issue price of the Equity Shares may not be indicative of market price of our equity shares after the issue and the market price of our Equity shares may decline below the issue price.
All of our directors do not have any prior experience of being a director in any other listed company in India.
Sale of shares by our promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
Our future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by us, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of NSE in a timely manner or at all.
The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
The company failures to meet the standards prescribed in client work orders could result in loss of business or compensation payments.
The company significant portion of its revenue is derived from Operations & Maintenance (O&M) services, and any delay or default by clients in making payments for such services could materially affect the company cash flows, working capital, and overall financial performance.
The company has to undertake the hazardous operations in carrying out the construction of CNG Gas Pump station on turnkey basis. Hazards operations can cause personal injury and loss of life, severe damage to and destruction of property and equipment, environmental damage and may result in the suspension of operations and the imposition of civil and criminal liabilities.
Delays in the completion of ongoing or and future projects could result in to payment of liquidated damages to the company customers for its engineering, and Commissioning ("E&C") project, which could has an adverse effect on its liquidity, business operations and financial results.
Over the past three years, the company top 10 customers has consistently contributed over 98% of its revenue. The loss of any of these key customers could has a significant adverse impact on its financial position.
The Company has acquired the ongoing business of M/s. Teja Engineering Services, a Proprietorship Concern through Business Transfer agreement. If, any of its assumptions, calculations is/are erroneous, it will has adverse effect on the company business operations, liquidity and profitability.
The company has very short span of operating history as company. Which makes it difficult to assess its future prospects and historic growth rates or results of operations and which may not be representative or reliable indicators of the company future performance.
The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.
The Company received an adverse qualification for not maintaining an audit trail in FY 2023-24, which may result in penalties or regulatory notices that could impact its financial condition.
The Company is highly dependent on its skilled workforce for operations across client sites and facilities, and any errors, accidents, or disruptions involving employees may expose the Company to service-related claims, operational losses, or temporary service interruptions.
There are certain instances of delays in the past with ROC/Statutory Authorities.
The company has experienced negative cash flows in previous years / periods. Any operating losses or negative cash flow in the future could adversely affect its results of operations and financial condition.
The Company's operations is manpower-intensive, and any labour disputes, work stoppages, strikes, or challenges in attracting and retaining skilled personnel could adversely affect business performance and service delivery.
The Company may be unable to conduct thorough background verification of personnel, including billable employees, prior to their deployment at client sites, which could result in complaints, regulatory actions, fines, or damage to the Company's reputation.
The requirements of being a public listed company may strain the company resources and impose additional requirements.
The company has entered into certain transactions with related parties. These transactions or any future transactions with its related parties could potentially involve conflicts of interest.
The company two Premises from where its will start the testing and Maintenance Center of SRV and repairing of critical part of compressor and gas gathering equipments are on lease basis. If, on completion of lease period, the same is not renewed, the company has to find out the alternate premises, which affect its business adversely.
Certain key operational licenses, including the PESO certification, are presently held in the name of the acquired proprietorship firm and are in the process of being updated to the Company's name, which may expose its to compliance and operational risks.
The Company's business is manpower-intensive and requires substantial working capital, and any shortage or unavailability of such capital may adversely affect its operations.
A significant portion of the Company's revenues is derived from a limited number of geographical regions, and any adverse developments in these regions could materially affect its business operations and financial performance.
The Company employs more than 2,750 employees as on March 31, 2026, across various functions. Changes in labor laws, grievances raised by employees, or evolving regulatory requirements may result in increased wages costs, higher statutory contributions, and additional administrative expenses.
The company projects requires significant deployment of labour and any unavailability of such labour may adversely impact its business operations.
Although the company currently has no major litigations, its cannot assure that future legal or regulatory proceedings will not arise, which could adversely impact the company business, financial condition, or operations.
Any major disruptions of information technology systems or breaches of data security could adversely affect the company business.
The company is also dependent on third party transportation service providers apart from its own vehicles for delivery of materials and equipment required at the project site. Any failures on part of such transport service providers to meet their obligations could has a material adverse effect on its business, financial condition and results of operation.
The company projects is typically awarded to its on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. The company business and its financial condition may be adversely affected if new projects is not awarded to the company or if contracts awarded to its is prematurely terminated.
The company insurance coverage may not be sufficient or adequate to protect its against all material hazards, which may adversely affect the company business, results of operations, financial condition and cash flows.
"The leased agreements executed by the Company is not registered hence the lessor may has the right to terminate the lease without notice or compensation, which can adversely impact the Company's operation".
There has been instances of delay in filing of Provident Fund (PF) returns, Goods and Service Tax returns (GST) and return of Tax Deducted at Source (TDS) dues.
The company does not own registered office from which its operates.
The company business is dependent on government and large corporate clients, and any delays, reductions, or cancellations of projects from these clients could adversely affect its operations and financial performance.
The Company is subject to risks associated with its contracts, including the ability to accurately assess pricing terms, employee costs, and other financial obligations, the increased complexity of contractual arrangements, and the potential for early termination or changes in the scope of contracts by clients.
The company avails credit facilities from the Bank of Baroda, as per sanction terms there are certain restrictive covenants imposed on the issuer company.
The company Promoters/Directors has issued personal guarantees and/or mortgaged their property in relation to debt facilities availed by its, which if revoked, may requires alternative guarantees, repayment of amounts dues or termination of the facilities.
The company Promoter and members of the Promoter Group will continue jointly to retain majority control over its Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
The company business operations is dependent on statutory and regulatory approvals, and any failures or delay in obtaining or renewing such permits and licenses in the future may adversely affect its operations and financial performance.
The Company does not has intellectual property rights over its corporate logo.
The company is dependent upon the experience and skill of its promoter, management team and key managerial personnel and senior management personnel. Loss of the company Promoter or its inability to attract or retain such qualified personnel, could adversely affect the company business, results of operations and financial condition.
The company may not be able to successfully manage the growth of its operations and execute the company growth strategies which may has an adverse effect on its business, financial condition, results of operations and future prospects.
The company operates in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect its business, financial condition and results of operations.
Fraud, theft, employee negligence, or similar incidents may adversely affect the company business and operations.
The average cost of acquisition of Equity Shares held by the company Promoters is lower than the Issue Price.
The company Promoters, Directors and Key Managerial Personnel may has interest in its Company, other than reimbursement of expenses incurred or remuneration.
The company funding requirements and proposed deployment of the Net Proceeds are based on management estimates and has not been independently appraised and may be subject to change based on various factors, some of which are beyond its control.
The company ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
Delay in raising funds from the IPO could adversely impact the implementation schedule.
The company funding requirements and proposed deployment of the Net Proceeds are based on management estimates and has not been independently appraised and may be subject to change based on various factors, some of which are beyond the company control.
Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by the company Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
The issue price of the Equity Shares may not be indicative of market price of the company equity shares after the issue and the market price of its Equity shares may decline below the issue price.
All of the company directors does not has any prior experience of being a director in any other listed company in India.
Sale of shares by the company promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
The company future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by its, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of NSE in a timely manner or at all.
The Equity Shares has never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.

Teja Engineering Industries Ltd Peer Comparison

Understand the company’s industry standing

Teja Engineering Industries Ltd

Lakshya Powertech Limited

Face Value

Standalone / Consolidated

Standalone

Total Income Rs. Cr.

55.23

161.33

EPS-Basis

8.8

15.65

EPS-Diluted

---

NAV Per Share

26.72

78.88

P/E-Basic EPS

7.1

P/E-Diluted EPS

---

RONW(%)

31.85

24.78

Latest NAV Period

---

Latest NAV

---

Journey for how to check the allotment status

How to check the allotment status of Teja Engineering Industries Ltd IPO?

Follow the steps

Open link to the registrar using this URL (https://evault.kfintech.com/ipostatus/).

IPO reads

Stay updated with the latest IPO developments

View All

This is ₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT Analysis

February 27, 2025 | 5 min read

₹50.11 Cr Balaji Phosphates IPO Opens Feb 28. Issue Details and SWOT AnalysisRead More

This is Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%

February 25, 2025 | 5 min read

Tata Capital Board Approves ₹15,000 Cr Plus Mega IPO; Tata Investment Shares Soar 8%Read More

This is Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details Here

February 18, 2025 | 5 min read

Busy Week Ahead: 2 SME IPOs and 9 Market Listings – Get the Complete Details HereRead More

This is Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!

October 25, 2024 | 5 min read

Waaree Energies IPO: GMP Soars 106% Amid 76.34x Subscription – Check Your Allotment Status!Read More

This is Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!

October 22, 2024 | 5 min read

Upcoming IPOs: 9 Public Issues Set to Raise ₹10,984.8 Cr – Key Insights Inside!Read More

This is Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons Why

October 17, 2024 | 5 min read

Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More

This is Bajaj Housing Finance IPO: All You Need to Know

September 6, 2024 | 5 min read

Bajaj Housing Finance IPO: All You Need to KnowRead More

October 17, 2024 | 5 min read

Hyundai IPO Hits a Speed Bump With 42% Subscription On Day 2 : 4 Reasons WhyRead More

This is Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue Launch

August 26, 2024 | 5 min read

Premier Energies IPO: Key Details Ahead of the ₹2,830.40 Cr Issue LaunchRead More

More on IPOs

Navigate your way to other IPO resources

Current IPOs

Upcoming IPOs

Closed IPOs

Listed IPOs

Performing IPOs

Latest videos on IPOs

IPO highlights & details!

FAQs on IPO

Get answers to all your questions here!

The IPO opens on 30 Jun 2026 & closes on 02 Jul 2026.

Teja Engineering Industries Ltd IPO will close on 02 Jul 2026.

Extensive Pan-India Presence of our Company enabling wide market access and service coverage to our Business.
Commitment to Quality and Industry Accreditations.
Experienced Leadership with Extensive Domain Knowledge.
Strong Customer Relationships as a Key Business Strength.

S.No	Promoters Name	Pre Issue Shares	Pre Issue Percentage	Post Issue Shares	Post Issue Percentage
1	Srinivasarao Vakalapudi	4309800	91.32	4309800	67.16
2	Suryakumari Vakalpudi	440	0.01	440	0.01
3	Tejaswi Vakalapudi	10	---	10	---
4	Amulya Vakalapudi	10	---	10	---
5	Ramu Vakalapudi	10	---	10	---

We could incur additional cost or loss in revenue in connection with our failure to comply with all our commitments in our customer contracts.
Our Company has acquired the ongoing business of M/s. Teja Engineering Services, a Proprietorship Concern through Business Transfer agreement. If, any of our assumptions, calculations is/are erroneous, it will have adverse effect on our business operations, liquidity and profitability.
We have very short span of operating history as company. Which makes it difficult to assess our future prospects and historic growth rates or results of operations and which may not be representative or reliable indicators of our future performance.
We have to undertake the hazardous operations in carrying out the construction of CNG Gas Pump station on turnkey basis. Hazards operations can cause personal injury and loss of life, severe damage to and destruction of property and equipment, environmental damage and may result in the suspension of operations and the imposition of civil and criminal liabilities.
We have not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
If we are unable to establish and maintain an effective system of internal controls and compliances, our business and reputation could be adversely affected.
Delays in the completion of ongoing or and future projects could result in to payment of liquidated damages to our customers for our engineering, and Commissioning ("E&C") project, which could have an adverse effect on our liquidity, business operations and financial results.
Our failure to perform in accordance with the standards prescribed in work order of our client could result in loss of business or compensation payment.
Our Company's business could be adversely affected by labour disputes, work stoppages and strikes by the labour.
Out top 10 customers and top 5 customers contribute majority of revenue from operations for the Financial Year 2023-24 and for the period ended on December 2024.
The Company is utilising the Adhoc limit of Rs 200.00 Lakhs from Bank of Baroda even though the same has been lapsed.
Any major disruptions of information technology systems or breaches of data security could adversely affect our business.
We are also dependent on third party transportation service providers apart from our own vehicles for delivery of materials and equipment required at the project site. Any failure on part of such transport service providers to meet their obligations could have a material adverse effect on our business, financial condition and results of operation.
We have projects in diverse geographical regions which may expose us to various challenges.
Our projects are typically awarded to us on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. Our business and our financial condition may be adversely affected if new projects are not awarded to us or if contracts awarded to us are prematurely terminated.
Our insurance coverage may not be sufficient or adequate to protect us against all material hazards, which may adversely affect our business, results of operations, financial condition and cash flows.
The requirements of being a public listed company may strain our resources and impose additional requirements.
There have been instances of delay in filing of Provident Fund (PF) returns, Goods and Service Tax returns (GST) and return of Tax Deducted at Source (TDS) dues.
We do not own registered office from which we operate.
Our two Premises from where we will start the testing and Maintenance Center and repairing of critical part of compressor and gas gathering equipments are on lease basis. If, on completion of lease period, the same is not renewed, we have to find out the alternate premises, which affect our business adversely.
Our company avails credit facilities from the Bank of Baroda, as per sanction terms there are certain restrictive covenants imposed on the issuer company.
Our Promoters/Directors have issued personal guarantees and/or mortgaged their property in relation to debt facilities availed by us, which if revoked, may require alternative guarantees, repayment of amounts due or termination of the facilities.
Our Promoter and members of the Promoter Group will continue jointly to retain majority control over our Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
We are required to obtain, renew or maintain statutory and regulatory permits, licenses and approvals to operate our business and our manufacturing facility, and any delay or inability in obtaining, renewing or maintaining such permits, licenses and approvals could result in an adverse effect on our results of operations.
There are certain instances of delays in the past with ROC/Statutory Authorities
Our Company does not have intellectual property rights over its corporate logo "TEJA ENGINEERING INDUSTRIES LTD"
We are dependent upon the experience and skill of our promoter, management team and key managerial personnel and senior management personnel. Loss of our Promoter or our inability to attract or retain such qualified personnel, could adversely affect our business, results of operations and financial condition.
We may not be able to successfully manage the growth of our operations and execute our growth strategies which may have an adverse effect on our business, financial condition, results of operations and future prospects.
We operate in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect our business, financial condition and results of operations.
We have experienced negative cash flows in previous years / periods. Any operating losses or negative cash flow in the future could adversely affect our results of operations and financial condition.
The average cost of acquisition of Equity Shares held by our Promoters is lower than the Issue Price.
Our Promoters, Directors and Key Managerial Personnel may have interest in our Company, other than reimbursement of expenses incurred or remuneration.
We have entered into certain transactions with related parties. These transactions or any future transactions with our related parties could potentially involve conflicts of interest.
There is no monitoring agency appointed by Our Company and the deployment of funds are at the discretion of our Management and our Board of Directors, though it shall be monitored by our Audit Committee.
We have not identified any alternate source of financing the `Objects of the Issue'. If we fail to mobilize resources as per our plans, our growth plans may be affected.
Our ability to pay dividends in the future will depend upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
Delay in raising funds from the IPO could adversely impact the implementation schedule.
We have not independently verified certain data in this Draft Prospectus.
Our funding requirements and proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised and may be subject to change based on various factors, some of which are beyond our control.
Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by our Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
The issue price of the Equity Shares may not be indicative of market price of our equity shares after the issue and the market price of our Equity shares may decline below the issue price.
All of our directors do not have any prior experience of being a director in any other listed company in India.
Sale of shares by our promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
Our future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by us, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of NSE in a timely manner or at all.
The Equity Shares have never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
The company failures to meet the standards prescribed in client work orders could result in loss of business or compensation payments.
The company significant portion of its revenue is derived from Operations & Maintenance (O&M) services, and any delay or default by clients in making payments for such services could materially affect the company cash flows, working capital, and overall financial performance.
The company has to undertake the hazardous operations in carrying out the construction of CNG Gas Pump station on turnkey basis. Hazards operations can cause personal injury and loss of life, severe damage to and destruction of property and equipment, environmental damage and may result in the suspension of operations and the imposition of civil and criminal liabilities.
Delays in the completion of ongoing or and future projects could result in to payment of liquidated damages to the company customers for its engineering, and Commissioning ("E&C") project, which could has an adverse effect on its liquidity, business operations and financial results.
Over the past three years, the company top 10 customers has consistently contributed over 98% of its revenue. The loss of any of these key customers could has a significant adverse impact on its financial position.
The Company has acquired the ongoing business of M/s. Teja Engineering Services, a Proprietorship Concern through Business Transfer agreement. If, any of its assumptions, calculations is/are erroneous, it will has adverse effect on the company business operations, liquidity and profitability.
The company has very short span of operating history as company. Which makes it difficult to assess its future prospects and historic growth rates or results of operations and which may not be representative or reliable indicators of the company future performance.
The company has not yet placed orders in relation to the capital expenditure to be incurred for the proposed purchase of equipment / machineries. In the event of any delay in placing the orders, or in the event the vendors are not able to provide the equipment / machineries in a timely manner, or at all, the same may result in time and cost over-runs.
If the company is unable to establish and maintain an effective system of internal controls and compliances, its business and reputation could be adversely affected.
The Company received an adverse qualification for not maintaining an audit trail in FY 2023-24, which may result in penalties or regulatory notices that could impact its financial condition.
The Company is highly dependent on its skilled workforce for operations across client sites and facilities, and any errors, accidents, or disruptions involving employees may expose the Company to service-related claims, operational losses, or temporary service interruptions.
There are certain instances of delays in the past with ROC/Statutory Authorities.
The company has experienced negative cash flows in previous years / periods. Any operating losses or negative cash flow in the future could adversely affect its results of operations and financial condition.
The Company's operations is manpower-intensive, and any labour disputes, work stoppages, strikes, or challenges in attracting and retaining skilled personnel could adversely affect business performance and service delivery.
The Company may be unable to conduct thorough background verification of personnel, including billable employees, prior to their deployment at client sites, which could result in complaints, regulatory actions, fines, or damage to the Company's reputation.
The requirements of being a public listed company may strain the company resources and impose additional requirements.
The company has entered into certain transactions with related parties. These transactions or any future transactions with its related parties could potentially involve conflicts of interest.
The company two Premises from where its will start the testing and Maintenance Center of SRV and repairing of critical part of compressor and gas gathering equipments are on lease basis. If, on completion of lease period, the same is not renewed, the company has to find out the alternate premises, which affect its business adversely.
Certain key operational licenses, including the PESO certification, are presently held in the name of the acquired proprietorship firm and are in the process of being updated to the Company's name, which may expose its to compliance and operational risks.
The Company's business is manpower-intensive and requires substantial working capital, and any shortage or unavailability of such capital may adversely affect its operations.
A significant portion of the Company's revenues is derived from a limited number of geographical regions, and any adverse developments in these regions could materially affect its business operations and financial performance.
The Company employs more than 2,750 employees as on March 31, 2026, across various functions. Changes in labor laws, grievances raised by employees, or evolving regulatory requirements may result in increased wages costs, higher statutory contributions, and additional administrative expenses.
The company projects requires significant deployment of labour and any unavailability of such labour may adversely impact its business operations.
Although the company currently has no major litigations, its cannot assure that future legal or regulatory proceedings will not arise, which could adversely impact the company business, financial condition, or operations.
Any major disruptions of information technology systems or breaches of data security could adversely affect the company business.
The company is also dependent on third party transportation service providers apart from its own vehicles for delivery of materials and equipment required at the project site. Any failures on part of such transport service providers to meet their obligations could has a material adverse effect on its business, financial condition and results of operation.
The company projects is typically awarded to its on satisfaction of prescribed pre-qualification criteria and following a competitive bidding process. The company business and its financial condition may be adversely affected if new projects is not awarded to the company or if contracts awarded to its is prematurely terminated.
The company insurance coverage may not be sufficient or adequate to protect its against all material hazards, which may adversely affect the company business, results of operations, financial condition and cash flows.
"The leased agreements executed by the Company is not registered hence the lessor may has the right to terminate the lease without notice or compensation, which can adversely impact the Company's operation".
There has been instances of delay in filing of Provident Fund (PF) returns, Goods and Service Tax returns (GST) and return of Tax Deducted at Source (TDS) dues.
The company does not own registered office from which its operates.
The company business is dependent on government and large corporate clients, and any delays, reductions, or cancellations of projects from these clients could adversely affect its operations and financial performance.
The Company is subject to risks associated with its contracts, including the ability to accurately assess pricing terms, employee costs, and other financial obligations, the increased complexity of contractual arrangements, and the potential for early termination or changes in the scope of contracts by clients.
The company avails credit facilities from the Bank of Baroda, as per sanction terms there are certain restrictive covenants imposed on the issuer company.
The company Promoters/Directors has issued personal guarantees and/or mortgaged their property in relation to debt facilities availed by its, which if revoked, may requires alternative guarantees, repayment of amounts dues or termination of the facilities.
The company Promoter and members of the Promoter Group will continue jointly to retain majority control over its Company after the Issue, which will allow them to determine the outcome of matters submitted to shareholders for approval.
The company business operations is dependent on statutory and regulatory approvals, and any failures or delay in obtaining or renewing such permits and licenses in the future may adversely affect its operations and financial performance.
The Company does not has intellectual property rights over its corporate logo.
The company is dependent upon the experience and skill of its promoter, management team and key managerial personnel and senior management personnel. Loss of the company Promoter or its inability to attract or retain such qualified personnel, could adversely affect the company business, results of operations and financial condition.
The company may not be able to successfully manage the growth of its operations and execute the company growth strategies which may has an adverse effect on its business, financial condition, results of operations and future prospects.
The company operates in a competitive business environment. Competition from existing players and new entrants and consequent pricing pressures may adversely affect its business, financial condition and results of operations.
Fraud, theft, employee negligence, or similar incidents may adversely affect the company business and operations.
The average cost of acquisition of Equity Shares held by the company Promoters is lower than the Issue Price.
The company Promoters, Directors and Key Managerial Personnel may has interest in its Company, other than reimbursement of expenses incurred or remuneration.
The company funding requirements and proposed deployment of the Net Proceeds are based on management estimates and has not been independently appraised and may be subject to change based on various factors, some of which are beyond its control.
The company ability to pay dividends in the future will depends upon future earnings, financial condition, cash flows, working capital requirements and capital expenditures.
Delay in raising funds from the IPO could adversely impact the implementation schedule.
The company funding requirements and proposed deployment of the Net Proceeds are based on management estimates and has not been independently appraised and may be subject to change based on various factors, some of which are beyond the company control.
Any future issuance of Equity Shares may dilute the shareholding of the Investor or any sale of Equity Shares by the company Promoter or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
The issue price of the Equity Shares may not be indicative of market price of the company equity shares after the issue and the market price of its Equity shares may decline below the issue price.
All of the company directors does not has any prior experience of being a director in any other listed company in India.
Sale of shares by the company promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
The company future funds requirements, in the form of fresh issue of capital or securities and/or loans taken by its, may be prejudicial to the interest of the shareholders depending upon the terms on which they are eventually raised.
There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of NSE in a timely manner or at all.
The Equity Shares has never been publicly traded, and, after the Issue, the Equity Shares may experience price and volume fluctuations, and an active trading market for the Equity Shares may not develop. Further, the price of the Equity Shares may be volatile, and you may be unable to resell the Equity Shares at or above the Issue Price, or at all.
There are restrictions on daily weekly monthly movement in the price of the equity shares, which may adversely affect the shareholder's ability to sell for the price at which it can sell, equity shares at a particular point in time.

The Issue type of Teja Engineering Industries Ltd is Fixed Price - SME.

The minimum application for shares of Teja Engineering Industries Ltd is 1200.

The total shares issue of Teja Engineering Industries Ltd is 1698000.

Initial public issue of 16,98,000 equity shares of face value of Rs. 10/- each of Teja Engineering Industries Ltd ("TEIL" or the "Company" or the "Issuer") for cash at a price of Rs. 220 per equity share including a share premium of Rs. 210 per equity share (the "Issue Price") aggregating to Rs. 37.36 ("the Issue"), of which 85,200 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 220 per equity share including a share premium of Rs. 210 per equity share aggregating to Rs. 1.87 will be reserved for subscription by market maker to the issue (the "Market Maker Reservation Portion"). The issue less the market maker reservation portion i.e., Net issue of 16,12,800 equity shares of face value of Rs. 10/- each at a price of Rs. 220 per equity share aggregating to Rs. 35.48 Crores is herein after referred to as the "Net Issue". The issue and the net issue will constitute 26.46% and 25.13% respectively of the post issue paid up equity share capital of the company. Offer Price: Rs. 220 per equity share of face value of Rs.10/- each. The offer price is 22 times the face value of the equity shares. Bid can be made for a minimum of 1200 equity shares and in multiples of 600 equity shares thereafter.

Teja Engineering Industries Ltd IPOTEJA

Objectives of Teja Engineering Industries Ltd IPO