Teja Engineering Industries Limited (CIN U33122GJ2023PLC140188) has filed a Prospectus with SEBI for an IPO comprising a fresh issue of 16,98,000 shares. In FY25 it reported revenue of ₹55 Cr (+74.7% on FY24) and a net profit of ₹4.0 Cr. Promoters hold 67.2% before the IPO. Our fact-check of its claims found no medium or high concerns across 24 claims checked.
Read from public SEBI filings; last updated . Not investment advice.
Key signals
Read from the filing. Signals summarise it; they are not a recommendation or investment advice.
None serious24 claims checked: 0 high, 0 medium concern.
How we rate these
Valuation: P/E at the top of the band: up to 25x good, up to 40x watch, above that concern.
Growth: Sales growth per year: 20% or more good, 8% or more watch, below that concern.
Profitability: Net profit margin: 10% or more good, 4% or more watch, below that concern. The trend note compares operating margin with the year before (1.5 points either way).
Debt: Borrowings / net worth: up to 0.5x good, up to 1.5x watch, above that concern.
Profit into cash: Cash from operations as a share of net profit: 80% or more good, 40% or more watch, below that (or negative) concern.
One-off income: Other and one-off income as a share of pre-tax profit: up to 10% good, up to 30% watch, above that concern. Any one-off item management itself describes moves "good" to "watch".
Where the money goes: Offer for sale as a share of the whole issue: under 40% good, under 75% watch, above that concern. In an offer for sale the money goes to the selling shareholders, not the company.
Red flags: Fact-check results: any high-concern finding is concern, any medium is watch, otherwise good.
Rules are rules of thumb, not a verdict: a fast-growing business can reasonably carry a higher P/E, and some sectors run on debt.
The IPO
What Teja Engineering Industries Limited is offering, at what price, and who owns it today. Read from the Prospectus; anything the company hasn't fixed yet shows as pending.
IPO dates announced
Bidding 30 Jun 2026 to 2 Jul 2026.
Fresh issue
₹37 Cr
16.98 lakh shares at ₹220.00, the top of the band
Offer for sale
Nil
Not part of this offer: the whole offer is new shares
As stated in the filing. The full shareholding table could not be cross-checked.
Valuation
Valuation comes with the price band. P/E, price-to-book and price-to-sales need an offer price, and draft filings leave it blank. We'll compute them here as soon as the RHP announces the band.
Financials
What Teja Engineering Industries Limited earned and how, read straight from its Prospectus.
Sales FY25
₹55 Cr
+74.7% vs FY24
Net profit FY25
₹4.0 Cr
7.3% net margin
Net worth
₹34 Cr
Debt / equity 0.38x
Operating cash flow FY25
−₹0.92 Cr
Business consumed cash
₹ crore · As reported · FY = year ended 31 MarchSource p.47p.48p.49
Metric
FY23
3M Jun-23
FY24
FY25
9M Dec-25
Profit & loss
Sales
25
8.4
32
55
54
Sales growth
–
–
28.6%
74.7%
–
Operating profit
2.8
0.86
3.7
6.9
7.1
Operating margin
11.3%
10.2%
11.8%
12.4%
13.0%
0.00
0.00
0.00
0.01
0.01
Exceptional items
0.00
0.00
0.00
0.00
0.00
Interest
0.74
0.29
0.66
1.3
1.3
Depreciation
0.33
0.07
0.13
0.21
0.25
Profit before tax
1.7
0.50
2.9
5.4
5.5
Profit before tax excl. other & one-off income
1.7
0.50
2.9
5.4
5.5
Other & one-off income as % of PBT
0.0%
0.0%
0.0%
0.3%
0.1%
Tax rate
47.7%
47.8%
46.6%
49.4%
45.8%
Net profit
1.3
0.37
2.2
4.0
4.0
Net margin
5.2%
4.4%
6.8%
7.3%
7.4%
Balance sheet
Net worth
16
18
21
34
48
Borrowings
6.7
7.9
7.1
13
17
Total assets
14
16
21
33
48
Debt / equity
0.42x
0.43x
0.34x
0.38x
0.36x
Return on equity
7.9%
–
10.4%
11.8%
–
Cash flow
Cash from operations
-0.77
-0.36
-9.1
-0.92
-2.9
Cash from investing
-1.3
-0.56
-1.8
-4.6
-1.2
Cash from financing
2.2
0.96
11
6.4
3.2
How they earn
Where the revenue comes from. Each split adds up to the reported sales.
As printed in the filing's summary financial information, converted to ₹ crore.
₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.48
Line item
FY23
3M Jun-23
FY24
FY25
9M Dec-25
Revenue from operations: 22
25
8.4
32
55
54
Other income: 23
0.00
0.00
0.00
0.01
0.01
Total Income (I + II)
25
8.4
32
55
54
Finance Costs 26
0.74
0.29
0.66
1.3
1.3
Depreciation and Amortization Expense 27
0.33
0.07
0.13
0.21
0.25
23
7.9
29
50
49
Expenses:
Cost of Services Rendered & material
consumed
24
18
6.4
24
43
40
Employee benefit expense 25
1.9
0.54
1.9
2.2
3.1
Other Expenses 28
2.2
0.65
2.2
3.3
3.8
Exceptional Items
0.00
0.00
0.00
0.00
0.00
Profit before extraordinary items and tax (V - VI)
1.7
0.50
2.9
5.4
5.5
Profit before tax (VII - VIII)
1.7
0.50
2.9
5.4
5.5
Profit/(Loss) from discontinuing operations
0.00
0.00
0.00
0.00
0.00
Tax expense of discontinuing operations
0.00
0.00
0.00
0.00
0.00
Profit/(Loss) for the period (XI + XIV)
1.3
0.37
2.2
4.0
4.0
–
–
4.78
8.80
8.48
Profit before exceptional and extraordinary
items and tax
(III - IV)
1.7
0.50
2.9
5.4
5.5
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
Tax Expense:
Current Tax
-0.45
-0.13
-0.76
-1.3
-1.5
Deferred Tax 8
0.00
0.00
-0.03
-0.02
-0.02
Profit(Loss) from the period from
continuing operations
(IX-X)
1.3
0.37
2.2
4.0
4.0
Profit/(Loss) from discontinuing
operations after tax
(XII - XIII)
0.00
0.00
0.00
0.00
0.00
Earning Per Equity Share:
₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.47
Line item
FY23
3M Jun-23
FY24
FY25
9M Dec-25
Long term borrowings 7
2.6
3.0
0.00
0.54
2.0
Short term borrowings 9
4.1
4.9
7.1
12
15
14
16
21
33
48
Equity and Liabilities
Shareholders' Funds
Share Capital 5
1.1
1.3
4.5
4.7
4.7
Reserve & Surplus 6
2.7
2.9
2.2
8.0
12
Non-current Liabilities
Deferred tax liabilities (Net) 8
0.00
0.00
0.03
0.05
0.07
Current Liabilities
Trade payables 10
Total outstanding dues of micro
and small enterprises 75.18
Total outstanding dues of creditors
other than micro and small enterprise 232.19
Other current liabilities 11
2.2
2.7
4.6
4.7
10
Short term provisions 12
0.32
0.29
0.94
1.4
0.87
Inventories 17
4.9
5.0
8.9
13
23
Trade receivables 18
3.7
4.7
7.1
9.0
12
Cash and cash equivalents 19
0.10
0.13
0.18
1.0
0.13
14
16
21
33
48
Assets
Non-current Assets
Property, Plant and Equipment and
Intangible assets
Building 13
0.65
0.64
0.00
0.00
0.00
Land
0.82
0.84
0.00
0.00
0.00
Machines
0.69
0.66
0.61
1.4
1.7
Vehicles
0.67
0.67
0.63
0.74
0.87
Furniture and fixtures
0.14
0.13
0.13
0.29
0.34
(iv)Other Assets
0.04
0.05
0.04
0.11
0.10
Non-current investments 14
0.83
0.99
0.08
0.25
0.34
Deferred tax assets (net)
0.00
0.00
0.00
0.00
0.00
Long term loans and advances 15
0.00
0.00
0.00
2.3
2.3
Other non-current assets 16
0.04
0.39
0.15
3.2
3.6
Current Assets
Short-term loans and advances 20
1.1
1.3
1.9
0.02
0.08
Other current assets 21
0.59
0.70
1.2
1.9
3.8
₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.49
Line item
FY23
3M Jun-23
FY24
FY25
9M Dec-25
Operating profit before working capital changes
2.8
0.86
3.7
6.9
0.01
-0.77
-0.36
-9.1
-0.92
-2.9
Restated Net Profit Before Tax and Extraordinary items
1.7
0.50
2.9
5.4
5.5
Adjustments For: 0.52
Rent & interest Received
0.00
0.00
0.00
0.01
1.3
Interest and Finance Charges Paid
0.74
0.29
0.66
1.3
0.25
Depreciation
0.33
0.07
0.13
0.21
7.1
Changes in Working Capital
(Increase)/Decrease in Trade Receivables
-2.2
-0.93
-7.1
-1.9
-3.3
(Increase)/Decrease in Inventories
-2.9
-0.19
-8.9
-3.9
-9.9
(Increase)/Decrease in Short Term Loans and Advances
0.29
-0.17
-1.9
1.9
-0.06
(Increase)/Decrease in Long Term Loans and Advances
0.00
0.00
0.00
-2.3
0.00
(Increase)/Decrease in Other Current Assets
-0.05
-0.11
-1.2
-0.67
-1.9
Increase/(Decrease) in Trade Payables
0.93
-0.16
1.6
-0.08
1.6
Increase/(Decrease) in other Current liabilities
0.69
0.49
4.6
0.09
5.6
Increase/(Decrease) in Short Term Provisions
0.11
-0.03
0.94
0.41
-0.48
Cash Generated from / (used in) operating activities
-0.32
-0.23
-8.3
0.42
-1.5
Less: Income Tax paid
-0.45
-0.13
-0.76
-1.3
-1.5
Cash Flow before extraordinary items
-0.77
-0.36
-9.1
-0.92
-2.9
-1.3
-0.56
-1.8
-4.6
-1.2
(Increase)/Decrease in Non-Current Investment
0.06
-0.16
-0.08
-0.18
-0.09
(Increase)/Decrease in Other Non-current Assets
-0.02
-0.35
-0.15
-3.1
-0.37
Rent & interest Received
0.00
0.00
-0.00
-0.01
-0.01
(Purchase) of Tangible Fixed Assets
-1.4
-0.05
-1.5
-1.4
-0.69
(Purchase) /Sale of Tangible Fixed Assets
0.00
0.00
0.00
0.06
0.00
2.2
0.96
11
6.4
3.2
Proceeds from issue of Share Capital
0.00
0.00
4.5
3.1
0.00
Adjusting in capital
-0.32
0.10
0.07
-1.2
0.00
Increase/(Decrease) in Short Term Borrowings
3.0
0.79
7.1
5.2
3.1
Increase/(Decrease) in Long Term Borrowings
0.23
0.36
0.00
0.54
1.5
Interest and Finance Charges Paid
-0.74
-0.29
-0.66
-1.3
-1.3
Net increase in cash and cash equivalents (A+B+C)
0.05
0.03
0.18
0.85
-0.90
Cash and cash equivalents at the beginning
0.04
0.10
0.00
0.18
1.0
Cash and cash equivalents at the end
0.10
0.13
0.18
1.0
0.13
Discounted cash flow
What Teja Engineering Industries Limited's cash flow would be worth today. Change the rate, time period or growth to see how sensitive the answer is.
% / yr
years
% / yr
Worth today (10 years of cash)
₹63 Cr
Per share
–
Needs the price band.
Top of the price band
–
Projected cash flow (₹ Cr) Worth today at 11% a yearAlong the bottom: years from now
Starts from FY25 net profit of ₹4.0 Cr, grown 20% a year (based on revenue growth FY23–FY25, capped at 20%) and discounted at 11% a year, with no value counted beyond year 10. A simple illustration from the filing's numbers, not a forecast or investment advice; small changes to the rate or growth move the answer a lot.
The short version
Start here. The story in a few minutes, with every fact tied to the page it came from.
The biggest red flag in the Teja Engineering Industries Limited IPO prospectus? Silence. We found absolutely no record of any awards or accreditations for the company as of the filing date, raising serious questions about the transparency of this offering.
Securities Issuance Mechanics and Pricing
We need to look closely at how the public issue is structured. The offering involves a total aggregation of Rs. 3735.60 Lakhs through the issuance of equity shares. This is crucial for understanding the scale of the public offering.
Read more · 4 points, 4 supporting facts
We need to look closely at how the public issue is structured. The offering involves a total aggregation of Rs. 3735.60 Lakhs through the issuance of equity shares. This is crucial for understanding the scale of the public offering.
The public issue aggregates to Rs. 3735.60 Lakhs by Teja Engineering Industries Limited.p.8
The pricing structure is highly specific. Equity shares are being issued at a price of Rs. 220, which includes a premium of Rs. 210 per share. This sets the exact valuation for the investment being offered.
Equity Shares are being issued at Rs. 220, including a premium of Rs. 210 per Equity Share.p.8
A significant portion of the issue is reserved for a Market Maker. Specifically, 85,200 Equity Shares, fully paid-up, are reserved for this party at a price of Rs. 220 per share, aggregating to Rs. 187.44 Lakhs.
A reserved portion of 85,200 Equity Shares is reserved for the Market Maker, aggregating Rs. 187.44 Lakhs.p.8
When excluding this Market Maker reservation, the Net Issue stands at Rs. 3548.16 Lakhs, comprising 16,12,800 Equity Shares at Rs. 220 each. This shows the actual size of the public offering beyond the reserved block.
The Net Issue consists of 16,12,800 Equity Shares of Rs. 10 each at Rs. 220 per Equity Share, aggregating Rs. 3548.16 Lakhs.p.8
Share Capital Structure and Ownership
The ownership structure is heavily concentrated, with the Promoter and Promoter Group controlling a significant majority of the company. Specifically, the Promoter & Promoter Group holds 91.33% of the total shares, according to disclosures on page 67.
Read more · 4 points, 4 supporting facts
The ownership structure is heavily concentrated, with the Promoter and Promoter Group controlling a significant majority of the company. Specifically, the Promoter & Promoter Group holds 91.33% of the total shares, according to disclosures on page 67.
Promoter & Promoter Group holds 91.33% of the total shares.p.67
Public shareholders hold a minority stake, accounting for 32.83% of the total shares. This contrasts sharply with the promoter control, as detailed in the shareholding pattern section on page 67.
Total shares held by the Public category amounts to 32.83% of the total shares.p.67
The prospectus confirms stringent control over capital structure changes, stating the company intends not to alter its capital structure, including issuing new shares or splitting denominations, within a six-month period from the prospectus opening.
Company intends not to alter its capital structure within a six-month period from the prospectus opening.p.70
A specific lock-in provision is in place, requiring a three-year lock-in period for an aggregate of 20.00% of the post-Issue Equity Share Capital held by promoters.
A specific lock-in period of three years is specified for an aggregate of 20.00% of the post-Issue Equity Share Capital held by promoters.p.72
Promoter and Related Party Ties
We need to look closely at the relationships between the promoters and the company. The Board includes Srinivasarao Vakalapudi as Chairman & Managing Director and Suryakumari Vakalapudi as a Whole-time Director. Furthermore, the document confirms that these promoters are related as husband and wife.
Read more · 3 points, 6 supporting facts
We need to look closely at the relationships between the promoters and the company. The Board includes Srinivasarao Vakalapudi as Chairman & Managing Director and Suryakumari Vakalapudi as a Whole-time Director. Furthermore, the document confirms that these promoters are related as husband and wife.
Srinivasarao Vakalapudi is the Chairman & Managing Director.p.148
Suryakumari Vakalapudi is a Promoter & whole-time Director and owns Proprietorship firm M/s. Surya instruments and Calibration.p.150
The promoters are related as husband and wife.p.150
The financial scrutiny reveals that the company has availed credit facilities from the Bank of Baroda, including a working capital facility and a Bank Guarantee. However, certain restrictions were imposed by the bank, requiring management changes after prior bank approval.
The company has availed credit facilities from the Bank of Baroda, including a working capital facility and a Bank Guarantee.p.38
Certain restrictions and conditions were imposed by the Bank of Baroda regarding its credit facilities, such as the requirement for management changes after prior bank approval.p.38
The company has entered into a lease agreement for its premises with Suryakumari Vakalapudi and Srinivasarao Vakalapudi, who are identified as promoters. This suggests a direct operational link between the company and the promoters' business interests.
The company has entered into a lease agreement for its premises with Suryakumari Vakalapudi and Srinivasarao Vakalapudi, who are promoters.p.37
Bottom line
In summary, the IPO for Teja Engineering Industries Limited involved a total aggregation of Rs. 3735.60 Lakhs, with a specific portion reserved for a Market Maker. The share capital structure shows heavy control, with the Promoter & Promoter Group holding a significant majority, and the prospectus mandates strict control over future capital changes. Furthermore, the documentation reveals direct ties between the promoters and the company through various financial and operational agreements.
Red flags & fact-checks
We looked up selected claims from the filing (promoters, court cases, subsidiaries) on the open web. Here is what we found.
ClearSubsidiary
Teja Engineering Industries Limited
100% confidence
What the filing says
The company has not received any awards or accreditations as of the date of this Prospectus.
No current web search results were found to corroborate, contradict, update, or provide any information regarding whether Teja Engineering Industries Limited has received any awards or accreditations as of the prospectus date.
ClearSubsidiary
Teja Engineering Industries Limited
100% confidence
What the filing says
The authorized capital was initially comprised of ₹15,0/- consisting of 1,50,000 Equity shares of ₹10 each on incorporation.
No web search results were found for the claim regarding the authorized capital of Teja Engineering Industries Limited. Therefore, no corroboration, contradiction, or update could be provided.
ClearSubsidiary
Teja Engineering Industries Limited
100% confidence
What the filing says
The authorized share capital was further increased to ₹6,50,0/- consisting of 65,0 Equity Shares of face value of ₹ 10.00/- each on October 04, 2023.
No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim made in the DRHP regarding the increase in authorized share capital for Teja Engineering Industries Limited.
ClearSubsidiary
Teja Engineering Industries Limited
100% confidence
What the filing says
The authorized share capital was increased to ₹6,00,0/- consisting of 60,0 Equity Shares of face value of ₹ 10.00/- each on May 30, 2023.
No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim about the authorized share capital of Teja Engineering Industries Limited.
ClearSubsidiary
Teja Engineering Industries Limited
100% confidence
What the filing says
The company acquired the proprietorship concerns of Srinivasarao Vakalapudi, named Teja Engineering Services, through a business transfer Agreement dated July 17, 2023.
No web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Teja Engineering Industries Limited acquired the proprietorship concerns of Srinivasarao Vakalapudi through a business transfer agreement dated July 17, 2023.
ClearSubsidiary
Teja Engineering Industries Limited
100% confidence
What the filing says
A fresh certificate of incorporation for the public limited company was issued by the Registrar of Companies, ROC Ahmedabad dated September 19, 2023.
No web search results were found to corroborate, contradict, update, or provide any information regarding the issuance of a fresh certificate of incorporation for Teja Engineering Industries Limited by the Registrar of Companies, ROC Ahmedabad on September 19, 2023.
Inside the filing
Section-by-section summaries of the Prospectus. Turn on Detailed view at the top to expand everything.
What the company does and how it got here
History & corporate structure
How the company came to be: key milestones, subsidiaries, acquisitions and restructurings.
The company, initially incorporated as Teja Engineering Industries Private Limited, converted into a public limited company and changed its name on September 9, 2023. Key corporate milestones include the acquisition of a sole proprietorship business and various amendments to the Memorandum of Association, including changes to the authorized share capital. The company has not received any awards or accreditations, nor has it had any material acquisitions or divestments since its incorporation. Furthermore, the company currently does not have any subsidiaries, joint ventures, or a holding company.
Key points (9)
The company was incorporated as “Teja Engineering Industries Private Limited” on April 17, 2023. p.143
The company converted into a public limited Company and its name was changed to “Teja Engineering Industries Limited” on September 09, 2023. p.143
A fresh certificate of incorporation for the public limited company was issued by the Registrar of Companies, ROC Ahmedabad dated September 19, 2023. p.143
The authorized capital was initially comprised of ₹15,0/- consisting of 1,50,000 Equity shares of ₹10 each on incorporation. p.145
The authorized share capital was increased to ₹6,00,0/- consisting of 60,0 Equity Shares of face value of ₹ 10.00/- each on May 30, 2023. p.145
The company has not received any awards or accreditations as of the date of this Prospectus. p.146
The company has not made any material acquisitions or divestments of business/undertakings, mergers, amalgamation, any revaluation of assets, etc. since its incorporation. p.146
The company does not have any Subsidiaries as of the date of this Prospectus. p.146
The company acquired the proprietorship concerns of Srinivasarao Vakalapudi, named Teja Engineering Services, through a business transfer Agreement dated July 17, 2023. p.147
The IPO terms and where the money goes
Cover & definitions
Headline offer terms and the glossary the rest of the document relies on.
The definitions section outlines various terms used within the prospectus, including definitions for the company, its promoters, investors, and various legal and financial concepts. It specifies terms related to the issuance process, such as the types of issues and the parties involved in the allotment. Key entities like the company, its auditors, and the relevant regulatory frameworks are defined.
Key points (5)
The company is Teja Engineering Industries Limited, a public limited company incorporated under the Companies Act, 2013. p.3
The Registered Office of the company is A/14 Shantiniketan Society, N/r Shravan Chokdi, Bharuch, Gujarat, India-392001. p.4
The Corporate Identification Number (CIN) is U33122GJ2023PLC140188. p.4
The Fresh Issue involves the issuance of 16,98,000 Equity Shares of Face Value of Rs. 10 each at Rs. 220 (including a premium of Rs. 210) per Equity Share, aggregating to Rs. 3735.60 Lakhs. p.5
The Lead Managers for the issue are B.N. Rathi Securities Limited and SVCM Securities Private Limited. p.7
The offer
How many shares are being sold, by whom, and on what terms.
This section details various procedural and agreement aspects related to the issuance of securities. It outlines definitions for key terms such as the Applicant, various documents, the issue timeline, and the parties involved in the process. It specifies the details regarding the public issue, including the number of equity shares, face value, and the price at which they are being issued. Furthermore, it distinguishes between different types of bidders and clarifies the roles of various entities involved in the issuance.
This section primarily outlines conventions regarding the presentation of financial, industry, and market data within the Prospectus. It clarifies that references to 'India' pertain to the Republic of India, and page numbers are specific to this Prospectus. Furthermore, it details that financial data is derived from audited statements prepared under various accounting standards, and it warns that there are significant differences between Indian GAAP, IFRS, and U.S. GAAP, which the company has not quantified. The section also includes forward-looking statements, which are subject to various risks and uncertainties, including economic conditions, competition, political instability, and changes in laws and regulations.
The risk factors section highlights several potential risks to the company, including the impact of the legal and regulatory environment in India, the potential for risks to affect business prospects, financial condition, and trading prices. Risks include potential failures to meet client work order standards, delays in client payments, hazards associated with carrying out construction work, and delays in project completion leading to liquidated damages. Furthermore, the company faces risks related to revenue concentration in the O&M segment, the potential for issues with client defaults, and the hazards of engineering activities. The section also details risks concerning the procurement of capital equipment and the need to establish effective internal controls and compliance systems.
The section discusses various risks related to operations, including service-related claims, operational losses, or disruptions from employee issues, although the company claims a history of no significant incidents. It also details past delays in filing various forms with the Registrar of Companies (ROC) and statutory authorities, noting that the company has paid late fees. Furthermore, the text mentions negative cash flows from operating, investing, and financing activities in previous years, which could adversely affect future results. To mitigate future delays, the company appointed an in-house Company Secretary for monitoring statutory filings.
The provided text discusses several operational and legal risks faced by the company. These include negative cash flows from operating activities, dependence on skilled manpower which exposes the company to labour disputes and work stoppages, and potential issues with background verification for personnel. Furthermore, the company faces scrutiny as a public listed entity, which imposes significant legal and accounting burdens, and there are concerns regarding transactions with related parties. Operational risks also exist concerning leased premises and the status of key operational licenses, which are currently held in the name of an acquired firm.
Key points (50)
The first applicant is defined as the applicant whose name appears first in the Application Form in a joint application and as the first holder of the beneficiary account in joint names or revisions thereof. p.8
The General Information Document (GID) is prepared and issued in accordance with circular no. SEBI/HO/CFD/DIL1/CIR/P/2020/37 dated March 17, 2020, and includes a chapter titled “Issue Procedure” on page 232 of the Prospectus. p.8
An Issue Agreement dated February 12, 2025, was executed between the Company and the Lead Manager to agree on certain arrangements for the Issue. p.8
The Issue Period covers the periods between the Issue Opening Date and the Issue Closing Date, inclusive of both dates, during which prospective bidders can submit Application Forms, with a minimum of three working days kept open for all bidders. p.8
The Public Issue involves 16,98,000 Equity Shares with a Face Value of ₹ 10 each, issued at Rs. 220 (including a premium of Rs. 210) per Equity Share, aggregating to Rs. 3735.60 Lakhs by Teja Engineering Industries Limited. p.8
The Issue Price is set at Rs. 220 for the Equity Shares being issued by the Company under the Prospectus. p.8
The Lead Manager to the Issue is Interactive Financial Services Limited. p.8
A Market Making Agreement dated June 23, 2026, was executed between the Company, the Lead Manager, and a Market Maker. p.8
A reserved portion of 85,200 Equity Shares of face value of ₹10.00/- each, fully paid-up for cash at a price of Rs. 220 per Equity Share including a share premium of Rs. 210 per Equity Share, aggregating to Rs. 187.44 Lakhs, is reserved for the Market Maker in this Issue. p.8
The Net Issue excludes the Market Maker Reservation Portion and consists of 16,12,800 Equity Shares of Rs. 10 each at Rs. 220 per Equity Share, aggregating to Rs. 3548.16 Lakhs by Teja Engineering Industries Limited. p.8
Non-Institutional Bidders/Investors are defined as all Applicants (including Eligible NRIs) who are not QIBs or Individual Investors and who have applied for Equity Shares for an amount exceeding ₹ 2,0. p.8
NPCI is an umbrella organization for all retail payments in India, set up with the guidance and support of the Reserve Bank of India and Indian Banks Association (IBA). p.8
A Previous DRHP was the Draft prospectus dated April 07, 2025, filed by the Company with National Stock Exchange Limited with the objective of offering equity shares to the public and listing on the stock exchanges, which has been replaced entirely by the Draft Prospectus dated September 29, 2025. p.9
The Prospectus is the document dated June 23, 2026, issued in accordance with Companies Act filed with the SME Platform of NSE (NSE Emerge) under SEBI (ICDR) Regulations 2018. p.9
An Account of the Company under Section 40 of the Companies Act, 2013 is designated as a Public Issue Account where funds will be transferred by SCSBs from bank accounts of ASBA Investors. p.9
Qualified Institutional Buyers (QIBs) are defined as those as defined under Regulation 2(1) (ss) of SEBI ICDR Regulations. p.9
A Refund Account is an account opened or to be opened with a SEBI Registered Banker to the Issue from which refunds of the whole or part of the Application Amount can be made. p.9
Refunds can be made through electronic transfer of funds such as NECS, NEFT, direct credit, NACH, or RTGS, as applicable. p.9
Registered Brokers are stock brokers registered with SEBI as trading members (except Syndicate/sub-Syndicate Members) who hold valid membership of National Stock Exchange of India Limited and have the right to trade in listed stocks. p.9
A Registrar Agreement dated February 12, 2025, was entered into between the Company and the Registrar to the Issue concerning the Registrar's responsibilities and obligations pertaining to the Issue. p.9
The Registrar to the Issue is KFin Technologies Limited. p.9
Regulations refer to the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018 as amended from time to time. p.9
Individual Investors are required to apply for a minimum application size of two lots per application, resulting in a minimum application size above ₹2 lakhs. p.9
QIB Applicants and Non-Institutional Applicants are not allowed to lower their Application Forms in terms of the quantity of Equity Shares or the Application Amount at any stage. p.9
Individual Bidders are permitted to scan revise their Application Forms during the Issue Period and withdraw their Application Forms until the Issue Closing Date. p.9
SCSB is a Self Certified Syndicate Bank registered with SEBI under the SEBI (Bankers to an Issue) Regulations, 1994 and offers the ASBA facility, including blocking of bank accounts. p.9
The SME Platform of NSE (NSE Emerge) is approved by SEBI for the listing of equity shares issued under Chapter IX of the SEBI ICDR Regulations. p.10
A Sponsor Bank is a Banker to the Offer registered with SEBI and eligible to act as a Sponsor Bank in a public issue, appointed by the Company and the Selling Shareholder in consultation with the LM to act as a conduit between Stock Exchanges and NPCI to push the UPI Mandate Request in respect to IIs as per the UPI Mechanism, specifically mentioning Axis Bank Limited. p.10
The UPI Mechanism is the bidding mechanism that may be used by an II to make a Bid in the Issue in accordance with the UPI Circulars. p.10
The Working Days definition specifies that for announcements of price band and Bid/Offer period, working days exclude Saturdays, Sundays, and public holidays on which commercial banks in the city as notified in the Prospectus are open for business. p.10
For the time period between the Bid/Offer closing date and the listing of specified securities on the stock exchange, working days exclude Sundays and bank holidays in accordance with circulars issued by SEBI. p.10
References to 'India' in the Prospectus refer to the Republic of India. p.16
References to page numbers in the Prospectus are to the page numbers of this Prospectus. p.16
Financial data is derived from audited financial statements prepared in accordance with Indian GAAP, the Companies Act, and restated in accordance with the SEBI (ICDR) Regulations, 2018 and Indian GAAP. p.16
There are significant differences between Indian GAAP, IFRS, and U.S. GAAP, and the company has not quantified their impact. p.16
Percentage amounts are calculated based on restated financial statements prepared in accordance with Indian GAAP, the Companies Act, and restated in accordance with the SEBI (ICDR) Regulations, 2018 and Indian GAAP. p.16
Industry data is obtained from various sources, and their accuracy and completeness are not guaranteed. p.16
The Company proposes to utilize ₹1800.71 lakhs of the Net Proceeds towards the purchase of capital equipment and machinery. p.18
Delays in collections by clients for services could materially affect cash flows, working capital, and overall financial performance. p.19
A substantial portion of the company's revenue is concentrated in the Operations & Maintenance (O&M) segment. p.19
The Company undertakes hazardous operations in carrying out the construction of CNG Gas Pump station on a turnkey basis, which can cause personal injury, property damage, and environmental harm. p.20
The Company's operations involve a wide range of engineering activities related to CNG systems, including erection, commissioning, O&M, and overhauling of various equipment. p.20
Delays in the completion of ongoing or future projects could result in the payment of liquidated damages to customers. p.21
The Company has acquired the ongoing business of M/s. Teja Engineering Services through a Business Transfer agreement. p.21
There are certain instances of delays in the past with ROC/Statutory Authorities regarding filings. p.23p.24
The company has made delays in filing some ROC forms as per the stipulated timelines prescribed under the Companies Act, 2013. p.23
The company has paid requisite late fees for such filings. p.23
The company has experienced negative cash flows in previous years, including from operating, investing, and financing activities. p.23
Negative cash flow resulted from an increase in inventory and trade receivables, along with a rise in trade payables and other current liabilities, which collectively exceeded the profit earned by the Company during the year. p.23
The company has experienced negative cash flow from operating activities due to increases in inventory, trade receivable, trade payables, and other current liabilities exceeding the profit earned. p.28
Capital structure
Who owns what today, past share issues and what the shareholding looks like after the IPO.
This section details the capital structure of the company, including the authorized, issued, and post-issue share capital. It outlines the details of the recent public issue, including the number of shares and the price. Furthermore, it provides a comprehensive breakdown of the shareholding pattern, distinguishing between Promoter, Promoter Group, and Public shareholders as of the date of the prospectus.
The section details various shareholder holdings and promoter share capital build-up, including lists of shareholders holding 1.00% or more of the paid-up capital one and two years prior to the prospectus date. It also outlines provisions regarding the non-issue of securities, the company's intention not to alter its capital structure within six months, and various lock-in provisions for promoter shares. Furthermore, it confirms that all existing equity shares are fully paid-up and none are pledged with creditors.
This section primarily addresses restrictions on payments and transactions related to the issuance of securities. It states that no payments such as discount, commission, or allowance will be made by the company or its Promoters to those who receive allotments. Furthermore, it confirms that the Promoters and members of the Promoter Group will not participate in the Issue. The company assures that transactions in Equity Shares by Promoters and the Promoter Group between the prospectus filing and the issue closing date will be reported to the Stock Exchanges within twenty-four hours. The company also confirms compliance with the Companies Act, 2013, regarding the issuance of securities since the company's inception.
Key points (13)
The total issued, subscribed, and paid-up share capital before the issue was 47,19,300 fully paid Equity Shares. p.64
The total issued, subscribed, and paid-up capital after the present issue is 64,17,300 Equity Shares. p.64
The shareholding pattern shows that Promoter & Promoter Group holds 91.33% of the total shares. p.67
The shareholding pattern shows that the total shares held by the Public category amounts to 32.83% of the total shares. p.67
The initial list shows individual shareholder holdings with corresponding capital amounts and percentages. p.69
A list of shareholders holding 1.00% or more of the paid-up capital one year prior to the prospectus date was provided, showing total holdings of 99.99%. p.69
There are no outstanding warrants, options, or rights to convert various financial instruments into Equity Shares as of the date of the Prospectus. p.70
The company intends not to alter its capital structure, including issuing new shares or splitting/consolidating denominations, within a six-month period from the date of the prospectus opening. p.70
A specific lock-in period of three years is specified for an aggregate of 20.00% of the post-Issue Equity Share Capital held by promoters. p.72
The equity shares offered for minimum 20% promoters’ contribution have not been acquired in the preceding three years before the date of the Prospectus, nor have they resulted from a bonus issue using revaluation reserves or unrealized profits. p.72
The minimum promoters' contribution does not include Equity Shares acquired by promoters during the preceding one year at a price lower than the issue price. p.72
The minimum promoters' contribution does not include Equity Shares pledged with any creditor. p.72
As on the date of this Prospectus, the company had 18 Shareholders. p.74
Use of proceeds
What the money raised will be spent on: growth, debt repayment or promoters cashing out.
The company proposes to use the net proceeds from the issue to fund various operational and capital requirements. The funds are earmarked for funding capital expenditure for equipment, covering working capital needs, and for general corporate purposes. The utilization of these funds is subject to management estimates, and there are provisions for utilizing surplus funds or deploying proceeds in subsequent financial years if the initial deployment is not fully met. Furthermore, the company faces risks related to the procurement of equipment and the potential for cost overruns due to delays or changes in vendor agreements.
The company plans to establish a service unit in Gujarat to diversify revenue by offering services for the testing and repair of Safety Relief Valves (SRVs). This initiative aims to provide comprehensive solutions, improve client retention through value-added services, and enhance operational efficiency by utilizing existing technical manpower and infrastructure. The company will undertake major repairs on compressor components and gas gathering equipment, including overhauling, replacement of critical parts, and advanced calibration techniques. Furthermore, the company intends to procure various machinery and vehicles to support logistics and service operations.
The company plans to allocate ₹926.00 lakhs from the net proceeds to fund its working capital requirements for the financial years ending March 31, 2026, and March 31, 2027. This funding is crucial to sustain operations in the Oil & Gas, Power & Energy, and Renewable Energy sectors, which involve providing various maintenance services. The working capital needs are estimated based on historical data showing growth in requirements aligned with business expansion. The utilization of the net proceeds is subject to various restrictions and monitoring requirements as per SEBI regulations.
The section details the basis for determining the Issue Price of the equity shares, which is set at ₹220 per share, 22 times the face value of ₹10.00 per share. It directs investors to various sections of the prospectus for further information. The text also presents quantitative factors such as Basic and Diluted Earnings Per Share (EPS), Price to Earnings (P/E) ratios, Return on Net Worth (RoNW), Net Asset Value (NAV), and comparisons with industry peers. Furthermore, it outlines Key Performance Indicators (KPIs) used to analyze business performance and clarifies restrictions regarding the issuance of equity shares.
This section provides various disclosures related to the company's financial history, including weighted average cost of acquisition for shares and justifications for the issue price. It details strong company performance, showing significant growth in revenue and profitability over recent fiscal years. Furthermore, it describes the company's operational sector and provides context on the broader Indian economy, including its growth trajectory and trade performance.
The provided text covers various aspects of the Indian economy, including recent developments, government initiatives, and sector-specific data. It highlights improvements in India's external economic position, robust domestic demand, and significant growth in certain sectors. The text details numerous government policies aimed at fostering economic growth, supporting various industries, and enhancing infrastructure. Furthermore, it provides statistics on the performance of the services sector, the oil and gas industry, and various market projections.
This section provides various data points related to the oil and gas sector, including petroleum product exports, investment trends, and developments in the industry. It details various activities such as joint ventures, agreements between oil companies, and government initiatives in the sector. Furthermore, the text discusses the infrastructure aspects of the oil and gas sector, such as pipeline networks, refining capacity, and market dynamics. The latter part of the section shifts to a business overview of the company, describing its services in Operations & Maintenance (O&M) across the Oil & Gas, Power, and Energy sectors.
This section details the company's operational history, service offerings, and business model within the natural gas sector. The company has a background rooted in a proprietorship firm that specialized in various engineering solutions, which later evolved to include Erection & Commissioning (E&C) and Operations & Maintenance (O&M). The business model focuses on providing specialized support, including maintenance, installation, and project execution for various gas infrastructure projects. The company derives revenue from several business verticals, including O&M, E&C, instrument calibration, and overhauling services.
This section details various engineering, procurement, and commissioning services provided, primarily focused on projects involving equipment installation and testing. Services include the erection and installation of various equipment, verification of parts, fabrication of pipes and structures, and electrical cabling. The process involves rigorous planning, quality control, safety management, and extensive testing, such as mechanical run tests and functional checks. Furthermore, the section outlines services related to instrument calibration, testing of safety valves, overhauling of gas engines and compressors, terminal hook-up services for pipelines, and decommissioning or recommissioning of equipment.
The company is planning significant expansions into new service segments, including the Oil & Gas sector, by acquiring necessary machinery and expanding its service portfolio. This includes undertaking repair and servicing for Safety Relief Valves (SRVs) under an agreement with ABC Limited, and developing services for the gas compressor solutions segment. Furthermore, the company intends to expand into major repair and calibration services for compressor components and gas gathering systems. These expansions aim to leverage existing technical expertise and build new revenue streams within the upstream and midstream gas sector.
The company plans to acquire commercial vehicles to strengthen logistics for transporting compressor parts, equipment, and consumables for their business. The company is also investing in high-precision calibration tools and repair equipment to enhance service capabilities. Furthermore, the strategy involves expanding into integrated gas compression solutions and enhancing workshop facilities for industrial valves. The company is also focused on securing long-term Operations & Maintenance (O&M) contracts and building strong client relationships across the Oil & Gas sector.
The provided section details various operational aspects of the company, including staffing, infrastructure, and insurance. The company's sales and marketing team size is mentioned, along with details on raw material requirements, equipment needs, and utility supply. It also covers aspects related to collaborations, water and electricity requirements, transportation fleet, human resources, and insurance coverage for employees and vehicles.
This section primarily outlines various laws and regulations applicable to the company's business operations in India, covering aspects such as labor laws, taxation, and intellectual property. It details numerous acts and rules from different sectors, including those related to factories, explosives, gas cylinders, and various standards. The text emphasizes that the company must comply with these laws and that certain regulatory bodies have the authority to impose penalties for non-compliance. Furthermore, it discusses laws concerning company formation, competition, and consumer protection.
This section primarily lists various Indian laws and acts that govern different aspects of business and transactions. It covers laws related to consumer protection, contract law, property transfer, negotiable instruments, information technology, and various environmental regulations. Furthermore, it details rules concerning foreign investment, including FEMA and SEBI regulations, and the Foreign Trade Act. The text emphasizes the legal framework that the company must comply with for its day-to-day business and operations.
Key points (136, showing 60)
The issue comprises a fresh issue of 16,98,000 Equity Shares at an Issue Price of ₹220 /-per Equity Share, aggregating to ₹3735.60 lakhs. p.75
The estimated net proceeds from the issue after deducting issue related expenses are ₹3276.71 lakhs. p.75
Proceeds are proposed to fund Capital Expenditure requirements for the purchase of equipment/machineries. p.75
Proceeds are proposed to fund the Working Capital requirements of the Company. p.75
Proceeds are proposed to fund General Corporate Purposes. p.75
The estimated cost for Funding Capital Expenditure requirements for the purchase of equipment/machineries is ₹1800.71 lakhs. p.75
The estimated cost for Funding the Working Capital requirement is ₹926.00 lakhs. p.75
The estimated cost for General corporate purposes is ₹550.00 lakhs. p.75
The amount utilized for general corporate purposes shall not exceed 15% of the Gross Proceeds or ₹ 10.00 Crores, whichever is lower. p.75
The company intends to invest ₹ 1800.63 Lakhs in purchasing capital equipment to support business expansion. p.78
The company plans to establish a service unit at Plot No. 817, Palej Industrial Estate/Area, Palej, Gujarat. p.80
The company will undertake major repairs and services of critical compressor components and gas gathering distribution equipment. p.80
The proposed investment of ₹285.36 lakhs relates to the purchase of various Calibration Equipment. p.80
The company plans to procure Bolero Camper Gold ZX and Ecco commercial vehicles for logistics support. p.81
The total value of equipment intended for purchase amounts to ₹1800.71 Lakhs. p.81
₹926.00 lakhs will be allocated towards funding working capital requirements for the financial year ending March 31, 2026 and March 31, 2027. p.85
The company will have flexibility in applying ₹550.00 lakhs of the net proceeds towards general corporate purposes, subject to a limit of 15.00% of gross proceeds or ₹10.00 Crores whichever is lower. p.87
The company shall not use the funds from the issue proceeds for any investment in equity and/or real estate products. p.88
The company has not raised any bridge loans from any bank or financial institution that are proposed to be repaid from the net proceeds. p.88
The Issue Price of the Equity Share is ₹220 per share, which is 22 times the face value of ₹10.00 per share. p.90
Investors should refer to sections titled “Risk Factors”, “Restated Financial Statements”, “Management Discussion and Analysis of Financial Condition and Results of Operations”, and “Business Overview” for an informed view. p.90
Basic and Diluted EPS figures are provided for different years, including March 31, 2023, 2024, and 2025. p.90
Price to Earnings (P/E) ratios are calculated based on Basic and diluted EPS, Weighted Average Basic and diluted EPS, and industry averages. p.91
Return on Net Worth (RoNW) figures are provided for different years, including March 31, 2023, 2024, and 2025. p.91
Net Asset Value (NAV) per Equity Share is provided for different dates, including March 31, 2025 and December 31, 2025. p.91
Comparison data is provided against industry peers, including metrics such as CMP, EPS, P/E Ratio, RoNW, NAV, Revenue from Operation, Other Income, Total Income, and Total Income. p.91
Key Performance Indicators (KPIs) such as Revenue from Operations, Current Ratio, Debt To Equity Ratio, Operating EBITDA, Operating EBITDA Margin, Profit After Tax, PAT Margin, Return on Capital Employed (RoCE), and Return on Equity (RoE) are disclosed. p.92
The company confirms it will continue to disclose all KPIs on a periodic basis for a duration related to the utilization of proceeds from the Fresh Issue. p.92
The Weighted average cost of acquisition for primary/new issue of shares is ₹150.00. p.94
The statutory auditor certified the weighted average cost of acquisition for Primary and Secondary Issuance. p.95
The Issue Price is set at 1.47 times the weighted average cost of acquisition of primary issuance price/secondary transaction price of Equity Shares, along with key performance indicators and financial ratios for the period ending December 31, 2025. p.95
Revenue increased by 62.83% in FY 2024 and by 37.97% in FY 2025, indicating sustained business momentum. p.95
Profit After Tax (PAT) grew by 99.68% in FY 2024 and by 58.96% in FY 2025, showing improved profitability. p.95
EBITDA margins improved from 11.34% in FY 2023 to 12.42% in FY 2025, reflecting enhanced operational efficiency. p.95
RoNW was at 31.85% in FY 2025, and EPS was ₹8.80 in FY 2025, supporting the valuation. p.95
The Company operates in the Oil & Gas and Energy infrastructure services sector, specifically in Operations & Maintenance (O&M), Erection & Commissioning (E&C), and technical services for City Gas Distribution (CGD) and energy infrastructure. p.95
India's economy has shown remarkable growth, with its GDP projected to reach Rs. 4,26,45,000 crore (US$ 5 trillion) by 2027. p.96
Real GDP for FY25 was estimated at Rs. 1,87,97,000 crore (US$ 2.20 trillion), showing a 6.5% growth rate from FY24. p.96
Exports reached Rs. 37,31,000 crore (US$ 436.6 billion) in FY25, driven by Engineering Goods (26.88%), Petroleum Products (13.86%), and Electronic Goods (8.89%). p.96
Record FDI inflows amounting to Rs. 4,21,929 crore (US$ 49.3 billion) were received in FY25, marking a 15% increase over FY24. p.96
India's current account deficit narrowed to Rs. 1,98,726 crore (US$ 23.30 billion), or 0.6% of GDP, in FY25 from Rs. 2,21,754 crore (US$ 26.00 billion), or 0.7% of GDP, in FY24. p.100
Cumulative FDI inflow between April 2000-March 2025 stood at Rs. 91,45,988 crore (US$ 1.07 trillion), with Mauritius having the largest share at 25%. p.100
Foreign Institutional Investors (FII) outflows in FY25 were close to Rs. 1,27,000 crore (US$ 14.89 billion), while Domestic Institutional Investors (DII) bought in Rs. 6,0 crore (US$ 70.34 billion) in the same period. p.100
The Union Cabinet approved a Rs. 1,0 crore (US$ 11.72 billion) Research, Development and Innovation (RDI) Scheme on July 5, 2025. p.101
The Reserve Bank of India proposed doubling the investment cap for individual foreign investors in listed firms from 5% to 10% and the combined foreign individual limit to 24% on March 27, 2025. p.101
The Union Budget FY26 allocated Rs. 5,597 crore (US$ 640.46 million) to the petroleum and natural gas (PNG) ministry for phase II of the Indian Strategic Petroleum Reserves Ltd Efpmoi) project. p.101
The government launched a production-linked incentive (PLI) scheme to boost manufacturing of telecom and networking products in India in October 2021. p.103
The FDI limit for insurance companies was raised from 49% to 74% and 100% for insurance intermediates. p.103
The Government of India launched the National Broadband Mission to provide Broadband access to all villages by 2022. p.104
The government plans to expand the network of Digital Banking Units (DBUs) by nearly doubling their count to 200 by the end of FY26 to enhance financial inclusion. p.104
The Petroleum and Natural Gas Regulatory Board (PNGRB) notified a levelized Unified Tariff of Rs. 73.93/MMBTU for natural gas pipelines. p.105
In FY25, petroleum product export stood at 64.7 MMT. p.105
Consumption of natural gas in India is expected to grow by 25 BCM, registering an average annual growth of 9% until 2024. p.105
FDI inflows in India’s petroleum and natural gas sector stood at Rs. 43,760.75 (US$ 8.19 billion) between April 2000- December 2024. p.105
India's Oil and Natural Gas Corp is seeking joint venture partners to build very large ethane carriers (VLECs) to ship feedstock for its petrochemical plant in western India. p.105
Brazilian oil major PetrAleo Brasileiro S.A. (Petrobras) signed an agreement to sell crude oil to Bharat Petroleum Corporation Ltd (BPCL) and pacts to cooperate in exploring oil and gas with ONGC Videsh Ltd and Oil India Ltd. p.105
AM Green inked a Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to establish a Sustainable Aviation Fuel (SAF) project in the state. p.105
Green hydrogen and ammonia producer AM Green of the Greenko Group, and global logistics major DP World have entered into a pact to develop storage and logistics facilities for 2 million tonnes of green fuel per annum. p.105
The Exploration and Production (E&P) sector offers investment opportunities worth US$ 100 billion by 2030, according to the Minister of Petroleum & Natural Gas. p.105
India had 10,941 kms of crude pipeline network with a capacity of 153.1 MMTPA as of June 1, 2024. p.105
Who runs and controls the company
Promoters
The people or entities controlling the company, and what else they own.
The section discusses various operational and legal risks for the company, including potential labor shortages, IT system breakdowns, and data security breaches. It notes that the company cannot guarantee against future legal or regulatory proceedings. Furthermore, it details instances of delays in filing various statutory returns like GST, PF, ESIC, and TDS, which could lead to penalties. The company has appointed an in-house Company Secretary and CFO to manage compliance, but acknowledges that future delays are possible due to changes in law or unforeseen circumstances.
The company's registered office is leased, and the lease agreement is subject to potential termination by the lessor, which could negatively impact operations. The business heavily relies on contracts with government and large corporate clients, and delays or cancellations from these clients pose a risk to revenues. Furthermore, the company faces risks related to contractual arrangements, including issues with pricing, costs, and potential early termination by clients. The company also has credit facilities from the Bank of Baroda with certain restrictive covenants, including restrictions on raising new loans or changing the capital structure. Promoters have provided personal guarantees and mortgaged property related to these debt facilities, which could lead to lenders requiring alternative guarantees or repayment of dues. The company is also dependent on obtaining and renewing various statutory and regulatory permits, and delays in securing these approvals could disrupt operations.
The text discusses various conditions related to the issuance and trading of equity shares, including how future issuances or sales by promoters and significant shareholders might affect the trading price. It details that the issue price is based on qualitative and quantitative factors, and that the market price could decline below the issue price. Furthermore, the text covers restrictions on trading movements, the potential for volatility, and the lack of assurance regarding the development of an active trading market after the issue.
This section presents financial data, including a restated statement of assets and liabilities, a profit and loss statement, and a cash flow statement for the company. The data covers various periods, showing trends in financial positions and cash movements. The financial statements detail revenue, expenses, profit before tax, and the resulting profit for the period, along with the cash generated or used from operating, investing, and financing activities.
This section details various related party transactions over the last three financial years and up to December 31, 2025, involving several individuals and entities. It outlines transactions such as rent payments, advances given, and payments for services, including those related to testing and calibration. Specific details are provided regarding reimbursements for site-related expenses and the nature of advances given to a firm for testing services.
The section details various regulatory aspects concerning the issue process, including the appointment of experts and market makers. The company has not appointed a monitoring agency for the issue size, but the Audit Committee is tasked with monitoring the utilization of proceeds as per the Companies Act. Several entities, including the Statutory Auditors, a Practicing Company Secretary, and a Legal Advisor, have provided written consents to be included in the Prospectus as 'experts' for specific purposes related to the issue. Furthermore, the company has entered into an agreement with a Market Maker to fulfill market-making obligations for the equity shares.
This section details various rules and conditions related to Market Making Agreements and trading activities on the NSE Exchange, including risk containment and punitive actions. It outlines margin requirements, penalties for non-compliance, price band stipulations based on issue size, and rules regarding the provision of buy quotes. Furthermore, it specifies conditions for market makers concerning inventory levels, threshold limits, and the resumption of buy quotes.
Key points (36)
The company cannot assure that future legal or regulatory proceedings will not arise, which could adversely impact the business, financial condition, or operations. p.32
A show cause notice regarding late filing of GDTR-3B amounting to Rs. 50,000 was received, and the promoters deposited it. p.32
The company has appointed an in-house Company Secretary and a Chief Financial Officer to oversee statutory compliances. p.33
There is a possibility of financial penalties being imposed by government authorities due to delays, which could adversely affect cash flows and financial condition. p.33
There are instances of delay in filing of EPF, ESIC, PT, and TDS returns, with corresponding delays in the number of instances and days. p.36
The company has entered into a lease agreement for its premises with Suryakumari Vakalapudi and Srinivasarao Vakalapudi, who are promoters. p.37
The company's business operations depend on obtaining, renewing, and maintaining various statutory and regulatory permits, licenses, and approvals. p.37
The company has availed credit facilities from the Bank of Baroda, including a working capital facility and a Bank Guarantee. p.38
Certain restrictions and conditions are imposed on the issuer company by the Bank of Baroda regarding its credit facilities, such as the requirement for management changes after prior bank approval. p.38
The company does not have intellectual property rights over its corporate logo, and an application for its registration is pending. p.38
The issue price of the Equity Shares may not be indicative of the market price of the equity shares after the issue, and the market price may decline below the issue price. p.42
The financial statements are presented for the company previously known as Proprietorship Firm Teja Engineering Services -Business Take-Over Ltd Ltd. p.47
The company's revenue from operations for the period ended on March 31, 2024, was 3,161.72 Lakhs. p.48
Cash flow from operating activities showed a net cash generated (or used) of (89.57) for the period ended on December 31, 2025. p.49
The company has no contingent liabilities as of December 31, 2025. p.51
Teja Engineering Services was involved in various transactions with the company, including rent, vehicle rent, and office rent. p.52
Payments for Surya Instrument & Calibration included testing, calibration, consumable purchases, and site expenses. p.52
Srinivasrao Vakalapudi was a Director and Promoter, and transactions included director remuneration and advances given. p.52
Payments to Surya Instrument & Calibration were reimbursement of actual expenses incurred by the entity on behalf of the Company for testing and calibration of tools/equipment. p.52
The advance given to Surya Instrument & Calibration was fully returned to the Company after supplies and services were procured directly from outside vendors. p.52
Rent deposits of Rs 100 lakhs were given to Mr. Srinivasrao Vakalapudi and Mrs. Suraykumari Vakalapudi for office premises rent. p.52
Payments to V. Ramu represented reimbursement of site-related expenses incurred by him as a site supervisor, including travelling, food, and miscellaneous operating expenses. p.53
Devi Kishore Carasala resigned as a CFO as of December 2nd, 2024. p.53
Mohammad Vajid Shaikh was appointed as CFO effective December 3rd, 2024. p.53
No monitoring agency has been appointed for the Offer since the issue size is below ₹5,000 Lakhs. p.57
The Audit Committee of the Company is monitoring the utilization of the proceeds of the issue as per section 177 of the Companies Act. p.57
Written consent was received from M/s. K K Haryani & Co., Chartered Accountants, to be included as an 'expert' in the Prospectus. p.57
Written consent was received from M/s. N R Shah & Co., Company Secretary, to be included as an 'expert' in the Prospectus regarding delays/non-filing of forms with ROC. p.57
Written consent was received from Adv. Heena Jaysinghani (Legal Advisor) to be included as an 'expert' regarding legal searches and delays with Income Tax/GST/TDS departments. p.57
The Issue Opening Date is scheduled for June 30, 2026, and the Issue Closing Date is scheduled for July 02, 2026. p.57
The Market Maker agreement was entered into with B.N. RATHI SECURITIES LIMITED to fulfill Market Making obligations for three years from the listing date. p.58
NSE Exchange can impose various margins on Market Makers, such as Mark-to-Market, Value-At-Risk (VAR) Margin, Extreme Loss Margin, Special Margins, and Base Minimum Capital. p.62
The mandatory inventory for market making threshold will include 5% of the Issue Size at the time of Allotment in the Issue. p.63
Initial holdings over and above the mandatory 5% of Issue size will not be counted towards the prescribed inventory levels. p.63
Market Makers must provide two-way quotes during the first three months of the Compulsory Market Making Period regardless of the level of holding. p.63
Two-way quotes shall be resumed the moment inventory reaches the prescribed re-entry threshold. p.63
Management & board
Directors and senior management: who they are, their background and pay.
The company has five directors, comprising two Executive Directors, one Non-Executive Director, and two Non-Executive Independent Directors. The board includes Srinivasarao Vakalapudi as Chairman & Managing Director, and Suryakumari Vakalapudi as a Whole-time Director. The document details the appointments, terms, and compensation for these directors, along with various disclosures regarding their directorships and interests. Furthermore, the document confirms that no directors have been involved in recent regulatory issues or conflicts of interest related to the company's business.
The section details the composition of the Board of Directors, the formation of various committees, and the Key Managerial Personnel (KMP) of the company. It outlines the structure for the Audit Committee, the Stakeholders Relationship Committee, and the Nomination and Remuneration Committee, specifying the members and their roles. Furthermore, it lists the KMPs, including the Company Secretary and Compliance Officer, the Chief Financial Officer, and other personnel, along with their qualifications and employment history. The text also clarifies the relationship between KMPs and major stakeholders, and the company's policy regarding profit-sharing and payments to KMPs.
The section details the identity of the company's promoters, including Srinivasarao Vakalapudi as the Chairman and Managing Director, and Suryakumari Vakalapudi as the Whole Time Director. It also confirms that the promoters have not been declared willful defaulters or fraudulent borrowers by the RBI or any other governmental authority, nor have there been any past or pending violations of securities laws against them. Furthermore, the text addresses the relationship between the directors, noting that they are related as husband and wife. The section also outlines the extent of the promoters' interest in the company, their lack of interest in certain transactions, and the lack of payments made to them for services rendered.
The provided text details the audit opinions and financial statements of the company for various periods, including the years ending March 31, 2023, June 30, 2023, March 31, 2024, March 31, 2025, and December 31, 2025. The auditor issued unqualified reports for these years, with adjustments and regroupings made to the financial statements as described in various annexures. The report also confirms that no revaluation reserves were present and that no dividend was paid on equity shares during the reporting period.
This section primarily details the cash flow statement for Teja Engineering Industries Limited, showing movements in operating, investing, and financing activities over several periods. The cash flow figures include various adjustments for items such as changes in working capital, income tax payments, and cash flows from investing and financing activities. The document also outlines significant accounting policies, including the use of estimates, treatment of fixed assets and depreciation, impairment policies, and recognition criteria for various financial items.
The management has confirmed that adequate provisions have been made for all known and determined liabilities, and these provisions are not in excess of the amounts reasonably required to be provided for. The financial statements include various reconciliations for profit and equity, as well as disclosures regarding trade payables and other current liabilities. The company has acquired a proprietorship firm and issued equity shares to the promoter. Furthermore, various details regarding shareholding, reserves, long-term borrowings, and short-term borrowings are provided through different annexures.
This section primarily details various financial statements and schedules related to the company's operations, including provisions, fixed assets, investments, receivables, cash, and revenue. It presents detailed breakdowns of current liabilities, non-current assets like property, plant, and equipment, and inventory, along with statements for cash and cash equivalents. Furthermore, it includes revenue from operations broken down by service type and geographical region, as well as statements for other income and the cost of services and materials consumed.
This section primarily details various financial expense statements, including employee benefits, finance costs, depreciation, other expenses, and related party transactions. It provides historical data for these expenses across different reporting periods. Furthermore, it includes statements on accounting ratios, including liquidity, profitability, and solvency metrics, as well as details on related party transactions and tax shelter calculations.
The provided text discusses various financial statements and operational details for the company, including tax provisions and a business overview. The company provides services in Operation & Maintenance (O&M), Erection & Commissioning (E&C), instrument calibration, and testing of safety relief valves (SRVs) across the Oil & Gas, Power, and Energy sectors. Significant developments include the sanctioning of several business loans by various financial institutions subsequent to the last financial year. The text also details comparisons of financial performance across different fiscal years, highlighting revenue growth and changes in various expenses and profits.
This section details various financial breakdowns and performance metrics for the company, including revenue, expenditure, and profitability over different fiscal years. It shows trends in cost of services rendered, employee benefits, finance costs, and other expenses, noting increases in some areas due to higher procurement costs and workforce expansion. The analysis also covers changes in depreciation, EBITDA, profit after tax (PAT), and cash flow statements, highlighting improvements in operational efficiency and business growth. Furthermore, the text discusses liquidity ratios, such as the Current Ratio and Debt Service Coverage Ratio (DSCR), and information regarding dependencies on key customers and suppliers.
This section details various financial covenants and loan terms related to the company's financial facilities. It outlines specific conditions imposed by lenders regarding the utilization of funds, the maintenance of working capital, and restrictions on the company's operational changes. Furthermore, it lists various loan facilities, including secured loans, vehicle loans, and unsecured loans, along with their respective terms and outstanding amounts.
The section details the legal and regulatory information, specifically concerning outstanding litigation and material developments. It establishes a Materiality Policy defining what constitutes 'material' litigation based on monetary amounts relative to turnover, net worth, or profit/loss averages. The text confirms that as of the prospectus date, there are no outstanding criminal proceedings, statutory/regulatory actions, or material civil proceedings against the company, promoters, directors, or Key Managerial Personnel. Furthermore, it outlines specific disclosures regarding tax proceedings and outstanding dues to creditors.
The company has obtained various necessary licenses, permissions, and approvals from Central and State Governments and other regulatory authorities to conduct its business activities. These approvals cover the scope of its business, which includes engineering works, coding jobs, and maintenance for various compressor projects. The company has also finalized agreements with stock depositories for share dematerialization. Furthermore, the company has secured several corporate and tax-related approvals, and various business and labour-related registrations. The company also has group companies, such as Surya Instruments & Calibration Private Limited, which operate in a similar sector.
The section details various regulatory approvals and compliance confirmations related to the issuance of equity shares, including authorizations from the Board and shareholders, and approvals from the NSE Emerge for listing on the SME Platform. It also confirms that the company, promoters, and directors are not prohibited from accessing capital markets and have not faced recent regulatory actions. Furthermore, the text outlines several confirmations regarding the issuance process, such as the underwriting percentage and the agreement for compulsory market making.
The section details the compliance requirements for equity share transactions, stipulating that offers and sales are conducted outside the United States in compliance with relevant regulations. It outlines the proposed listing on the Emerge Platform of the National Stock Exchange of India Limited (NSE EMERGE) and the recourse for repayment if listing permissions are not granted. The text also specifies various consents obtained from directors, company officers, and auditors, and clarifies the process for addressing investor grievances and the appointment of the Company Secretary and Compliance Officer.
This section details various regulatory and procedural aspects related to the issue of equity shares, including the applicable laws and regulations. It outlines the process for applying for the issue, the various phases of the Unified Payments Interface (UPI) mechanism, and the timelines for listing. Furthermore, it specifies the rules for the allotment of equity shares, the nature of the payment for dividends, and the process for handling investor grievances and the finalization of the allotment basis.
This section details various compensation clauses related to delays in the offer process, including penalties for unblocking ASBA accounts, and outlines timelines for application submissions. It also discusses provisions regarding the withdrawal of the issue, the minimum subscription requirements, and conditions for migration from the SME platform to the main board. Furthermore, it specifies restrictions on the transfer and transmission of equity shares, as well as eligibility criteria for various investor categories.
This section details the structure and procedure for a public issue, specifying that it is being made under Regulation 229(1) of Chapter IX of SEBI (ICDR) Regulations, 2018. The issue involves the public offering of 16,98,000 fresh Equity Shares for cash. It outlines various aspects concerning the net issue, allocation basis, application modes (UPI or ASBA), and rules for allotment, including provisions for different investor categories and the handling of unsubscribed portions.
This section details various procedural requirements and eligibility criteria for investors applying for the issue, including issues related to stock exchange matching, application form submission, and different investor categories. It specifies that the issuer must file offer documents with the Board and outlines where application forms and prospectuses can be found. Furthermore, it details specific rules for different investor types such as Individual Investors, Mutual Funds, Foreign Portfolio Investors (FPIs), and Venture Capital Funds (VCFs), including investment limits and documentation requirements.
This section details various requirements and procedures for different types of investors and entities when applying for an issue, including those from various regulatory bodies. It outlines specific documentation needed for applications from limited liability partnerships, banking companies, insurance companies, and systemically important non-banking financial companies. Furthermore, it specifies rules for applications made under power of attorney, including requirements for various corporate bodies and funds. The text also extensively covers the procedures for the Application Supported by Blocked Account (ASBA) process, detailing the flow of events from the bidding period to allotment, including validation, fund blocking, and subsequent transfer of funds.
This section details the procedures for investors to view, authorize, and manage their application details, including the blocking and unblocking of funds for the IPO. It outlines various processes for applying, including the mandatory ASBA facility and the UPI payment mechanism, which streamlines the process for individual investors. The text also specifies rules regarding the withdrawal or modification of applications and the requirements for electronic registration of applications, including verification of investor details against depository records.
This section details various instructions and conditions related to the allotment process, including the handling of different investor types and the submission requirements for application forms. It outlines procedures for allotment advice, the timing for corporate actions, and various 'Do's' and 'Don'ts' concerning the submission of applications, such as ensuring correct details, payment methods, and adherence to limits. Furthermore, it specifies rules regarding multiple applications and the mandatory use of Permanent Account Number (PAN) for identification in securities market transactions.
This section details various technical grounds for the rejection of applications, including issues related to the amount paid, the type of firm applying, the competency of the applicant, and the format of the application details (like PAN or GIR number). It also outlines procedures for the disposal of applications, including the dispatch of allotment advice and refund orders, and specifies timelines for these actions. Furthermore, the text discusses the impersonation of applicants and the process for finalizing the basis of allotment in a fair manner according to SEBI ICDR Regulations.
This section details various aspects related to the issuance of securities, including rules for different investor categories, undertakings by the company, and restrictions concerning foreign investment. It outlines procedures for handling under-subscription, the role of directors in ensuring fair allotment, and stipulations regarding the listing of equity shares. Furthermore, it specifies conditions for the utilization of issue proceeds and clarifies restrictions on foreign ownership and investment in the company's securities.
This section outlines the main provisions of the Articles of Association for Teja Engineering Industries Limited, detailing regulations concerning the company's operations and share capital. It defines key terms such as 'Board of Directors' and 'Independent Director' and establishes rules for the issuance and transfer of shares. The provisions cover various aspects including share certificate issuance, the company's lien on shares, the process for issuing further shares, and procedures related to the death or insolvency of members.
This section primarily details various provisions related to the transfer and forfeiture of shares, as well as aspects concerning the Board of Directors and general meetings. It outlines rules for handling share transfers, including provisions for dealing with the death or insolvency of a member, and procedures for the Board to require the transfer or registration of shares. Furthermore, it covers rules for the forfeiture of shares, including the process for notice, payment, and subsequent disposal of forfeited shares. The text also specifies rules regarding the composition and powers of the Board of Directors and the conduct of its meetings.
This section outlines various procedural and governance rules concerning the Board of Directors and committees, including provisions for continuing directors, the election of a Chairperson for Board meetings, and the delegation of powers to committees. It details rules for the validity of acts by the Board or committees, and stipulations regarding the conduct of directors and officers. Furthermore, it covers aspects related to the custody of the company seal, the declaration of dividends, and the inspection rights of members regarding company accounts and documents.
This section details certifications related to project completion, valuation reports, and compliance with various laws and regulations. It mentions a certification by Chartered Engineer Kishan C. Korat and a valuation report issued by Mr. Jainam Shah, a Chartered Accountant and Registered Valuer. The document also includes a declaration confirming compliance with provisions of the Companies Act, 2013, and regulations from the Government of India and the Securities and Exchange Board of India Act, 1992.
Key points (260, showing 60)
Srinivasarao Vakalapudi is the Chairman & Managing Director. p.148
No directors have been involved in the suspension of shares or debarment from accessing capital markets by regulatory authorities in the last five years. p.149
No directors are on the RBI List of willful defaulters. p.149
No directors have been involved in the delisting of shares from any Stock Exchange. p.149
Srinivasarao Vakalapudi has worked in the Oil & gas Sector and engineering works, having founded his own Proprietorship firm Teja engineering Services in 2002. p.150
Suryakumari Vakalapudi is a Promoter & whole-time Director and owns Proprietorship firm M/s. Surya instruments and Calibration. p.150
Vidiyala Navya Vasantha Lakshmi has working experience in Information Technology (IT) and was associated with Aptroid Consulting (India) Private Limited prior to joining the company. p.150
Josna Pamula advises on administrative duties and labour relations within the organization and brings expertise in project management. p.150
Mehul Hingu has experience in finance and accounting, auditing, and handling accounting software, having previously served at Excalibur health care Private Limited and K.K. Haryani & Co. (Chartered accountants). p.151
The Board is authorized to borrow money, with the total borrowing (excluding temporary loans) not exceeding ₹100.00 Crores. p.151
No directors have been involved in any transaction by the company including the acquisition of land, construction of buildings or supply of machinery, except as disclosed. p.152
The Audit Committee was formed via a Board resolution on January 23, 2025, as per Section 177 of the Companies Act, 2013. p.153
The Stakeholders Relationship Committee was formed vide a board resolution dated January 23, 2025. p.154
The Nomination and Remuneration Committee was formed vide a board resolution dated January 23, 2025. p.155
The Nomination and Remuneration Committee comprises Mehul Hingu (Independent Director Chairman), Josna Pamula (Independent Director Member), and Vidiyala Navya Vasantha Lakshmi (Non-executive Director Member). p.155
Deepak Kumar Laddha is the Company Secretary and Compliance Officer, having joined on January 17, 2024. p.156
Mohammad Vajid Shaikh is the Chief Financial Officer, having joined on December 03, 2024. p.156
The Key Managerial Personnel includes Deepak Kumar Laddha (Company Secretary and Compliance Officer), Mohammad Vajid Shaikh (Chief Financial Officer), and Sheetal Sagar (as a previous role for CFO). p.156
No Key Managerial Personnel are related to each other. p.157
No Key Managerial Personnel & Senior Management Personnel holds any Equity Shares in the company as on the date of filing. p.157
Suryakumari Vakalapudi is the Whole Time Director of the company. p.158
The promoters have not been declared willful defaulters or fraudulent borrowers by the RBI or any other governmental authority. p.158
There are no violations of securities laws committed by the promoters in the past or currently pending against them. p.158
The directors are related as husband and wife, specifically the Managing Director is the husband of the Whole Time Director, and vice versa. p.159
The company does not have a formal dividend policy as of the date of the prospectus. p.161
The company has not declared and paid any dividends on the Equity Shares during the last three Financial Years preceding the filing of the prospectus. p.161
The company's financial statements were audited for the periods March 2025 and December 2025, and unqualified reports were issued. p.163
The auditor examined and provided opinions on Restated Summary Statements of Assets and Liabilities, Profit and Loss, and Cash Flows for different financial years. p.163
The company has taken over the business of Teja Engineering Services (a proprietary concern) effective July 1st, 2023, as per a business purchase agreement. p.163
K K Haryani & Co., Chartered Accountants, holds a valid peer review certificate No.- 015994 dated 10/11/2023 issued by the Peer Review Board of the ICAI. p.163
The report was intended solely for the management's use for inclusion in the offer document for the proposed IPO and should not be used for other purposes without prior written consent. p.163
The financial information contained in Annexure 1 to 33, along with Significant Accounting Policies, was prepared in accordance with certain regulations. p.164
The company's business is primarily engaged in the services of Testing, Calibration, and O&M. p.168
Cash flows are reported using the indirect method, adjusting profit before tax for non-cash transactions and accruals. p.169
The company was incorporated on April 17, 2023, and later changed its name to Teja Engineering Industries Limited. p.169
Depreciation on tangible fixed assets is calculated using the Straight-Line Method (SLM). p.170
Investments readily realizable and intended to be held for not more than 12 months are classified as current investments. p.170
Revenue is recognized only when there is a probability that economic benefits will flow to the company and the revenue can be reliably measured. p.171
The management has confirmed that adequate provisions have been made for all known and determined liabilities, and these provisions are not in excess of the amounts reasonably required to be provided for. p.173
Balances of trade payables, trade receivables, loans and advances are unsecured and considered as good, subject to confirmations of respective parties concerned. p.173
All other contractual liabilities connected with business operations of the Company have been appropriately provided for. p.173
The company acquired the proprietorship firm i.e., M/s Teja Engineering Services, of its Promoter Mr. Vakalapudi Srnivasa Rao, and issued 45,300 Equity shares @ Rs. 10 each to the Proprietor. p.174
The company has issued 2,9,000 Equity Shares on a Preferential basis @ Rs. 150/ per shares (including Share Premium Rs. 140 per share). p.174
The promoter Vakalapudi Srinivasarao holds 91% of the equity shares. p.174
Total Other Current Liabilities were reported as 1,020.74 in the latest period. p.178
The statement of Short-Term Provisions showed a total of 87.17 in the latest period. p.178
The Gross Closing Balance for Land was 83.66 in the latest period. p.178
The statement of Cost of Services and Material Consumed showed a total of 4,027.85 in the latest period. p.179
The statement of Non-Current Investment showed a total of 34.48 in the latest period. p.180
The statement of Trade Receivables showed a total of 1231.69 in the latest period. p.181
The statement of Cash and Cash Equivalents showed a total of 13.25 in the latest period. p.181
Revenue from Business Operation was 5,431.59 in the latest period. p.182
The breakdown of Revenue from Operations showed that O & M Services accounted for 5,120.99 in the latest period. p.182
The breakdown of Revenue from Operations showed that Instrument & SRV Calibration accounted for 90.31 in the latest period. p.182
Employee Benefit Expenses include Salary Administration staff, Salary and Bonus to Directors (Remuneration), and a total of 313.31 Lakhs as of 31.12.2025. p.183
Finance Costs, such as Interest and charges on borrowings, have varied significantly across the reporting periods, ranging from 132.77 Lakhs to 74.46 Lakhs. p.183
Depreciation and Amortization Expenses show fluctuations, with the total amount being 32.87 Lakhs as of 31.12.2025. p.183
Other Expenses, which include travelling, hotel/food, petrol/vehicle, site general, and office/admin, totaled 221.64 Lakhs as of 31.12.2025. p.183
The company's profitability ratios, such as Return on Net Worth (RONW), have shown significant changes, with the ratio decreasing by 24.40% in one period. p.184
Tax Shelter calculations indicate that the Profit before taxes as restated was 549.36 Lakhs for the period ending 31/12/2025. p.184
Updates since the first filing
Addenda, corrigenda and the abridged prospectus, newest first.
No amendments or updates have been filed yet. They will appear here as SEBI publishes them, on this same page.
Teja Engineering Industries Limited IPO: common questions
Short answers drawn from the filings above.
How big is the Teja Engineering Industries Limited IPO?
Teja Engineering Industries Limited's IPO comprises a fresh issue of 16,98,000 shares, according to its Prospectus. The price band is not stated in that document.
What are Teja Engineering Industries Limited's revenue and profit?
Teja Engineering Industries Limited reported revenue from operations of ₹55 Cr in FY25, +74.7% versus FY24. Net profit was ₹4.0 Cr (FY24: ₹2.2 Cr). Revenue grew at a compound rate of 49.9% a year from FY23 to FY25. Figures are read from the Prospectus, as printed there.
How much do promoters own in Teja Engineering Industries Limited?
Promoters and the promoter group hold 67.2% of Teja Engineering Industries Limited before the IPO.
How will Teja Engineering Industries Limited use the IPO money?
The fresh-issue proceeds are earmarked for: Funding Capital Expenditure requirements for the purchase (₹18 Cr); Funding the Working Capital requirement (₹9.3 Cr); General corporate purposes (₹5.5 Cr).
What are the red flags in Teja Engineering Industries Limited's Prospectus?
We fact-checked 24 claims from the filing against the open web: 0 raised a high concern, 0 medium and 0 low. This is an automated screen, not a verdict; each finding links to its sources.
What does Teja Engineering Industries Limited do?
The biggest red flag in the Teja Engineering Industries Limited IPO prospectus? Silence. We found absolutely no record of any awards or accreditations for the company as of the filing date, raising serious questions about the transparency of this offering.
Who manages the Teja Engineering Industries Limited IPO?
Book running lead managers: INTERACTIVE FINANCIAL SERVICES LIMITED. Registrar to the offer: INM000012856 KFIN TECHNOLOGIES LIMITED. Shares are proposed to list on NSE.
Where can I read the original Teja Engineering Industries Limited IPO documents?
All 1 filing for Teja Engineering Industries Limited (Prospectus) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document.
Source documents
Every page reference on this site links to the original SEBI PDF.
