# Teja Engineering Industries Limited: IPO analysis > 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. - Page: https://ipo.innerkore.com/company/U33122GJ2023PLC140188/teja-engineering-industries-limited/ - CIN: U33122GJ2023PLC140188 - Last updated: 17 Sep 2026 ## Key facts - **Company:** Teja Engineering Industries Limited - **CIN:** U33122GJ2023PLC140188 - **Filing stage:** Prospectus - **Latest SEBI filing:** 17 Sep 2026 - **Final offer price:** ₹220.00 per share - **Bidding opens:** 30 Jun 2026 - **Bidding closes:** 2 Jul 2026 - **Listing on:** NSE - **Revenue FY25:** ₹55 Cr - **Revenue growth:** +74.7% - **Net profit FY25:** ₹4.0 Cr - **Revenue CAGR FY23 to FY25:** 49.9% - **Promoter holding (pre-IPO):** 67.2% - **Lead managers:** INTERACTIVE FINANCIAL SERVICES LIMITED - **Registrar:** INM000012856 KFIN TECHNOLOGIES LIMITED - **Fact-check flags:** 0 high, 0 medium, 0 low ## Key signals (read from the filing; not investment advice) - **Growth** (looks fine): 49.9% a year. Sales FY23 to FY25; latest year +74.7%. - **Profitability** (look closer): 7.3% net margin. FY25; operating margin steady. - **Debt** (looks fine): 0.38x equity. ₹12.9 crore borrowed at the end of FY25. - **Profit into cash** (concern): -23% of profit. Operations brought in ₹-0.9 crore against ₹4 crore of profit in FY25. - **One-off income** (looks fine): 0% of profit. Other and one-off income is 0% of pre-tax profit. - **Where the money goes** (looks fine): All new money. 100% is new shares issued by the company. - **Red flags** (looks fine): None serious. 24 claims checked: 0 high, 0 medium concern. ## Financial snapshot (₹ crore unless stated; unspecified) | | FY23 | 3M Jun-23 | FY24 | FY25 | 9M Dec-25 | |---|---:|---:|---:|---:|---:| | 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% | | Net profit | 1.3 | 0.37 | 2.2 | 4.0 | 4.0 | | Net margin | 5.2% | 4.4% | 6.8% | 7.3% | 7.4% | | Net worth | 16 | 18 | 21 | 34 | 48 | | Borrowings | 6.7 | 7.9 | 7.1 | 13 | 17 | | Return on equity | 7.9% | – | 10.4% | 11.8% | – | ## Use of proceeds (fresh issue) - Funding Capital Expenditure requirements for the purchase: ₹18 crore - Funding the Working Capital requirement: ₹9.3 crore - General corporate purposes: ₹5.5 crore ## Fact-checked claims - **NONE** (SubsidiaryPerformance): 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. - **NONE** (SubsidiaryPerformance): 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. - **NONE** (SubsidiaryPerformance): 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. - **NONE** (SubsidiaryPerformance): 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. - **NONE** (SubsidiaryPerformance): 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. - **NONE** (SubsidiaryPerformance): 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. - **NONE** (PromoterBackground): Mohammad Vajid Shaikh was appointed as CFO effective December 3rd, 2024.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that Mohammad Vajid Shaikh was appointed as CFO effective December 3rd, 2024. - **NONE** (PromoterBackground): Devi Kishore Carasala resigned as a CFO as of December 2nd, 2024.. No current web search results were found to corroborate, contradict, or provide any information regarding the claim that Devi Kishore Carasala resigned as CFO of Teja Engineering Industries Limited as of December 2nd, 2024. - **NONE** (PromoterBackground): The company has no contingent liabilities as of December 31, 2025.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the claim that the company has no contingent liabilities as of December 31, 2025. - **NONE** (PromoterBackground): Cash flow from operating activities showed a net cash generated (or used) of (89.57) for the period ended on December 31, 2025.. No web search results were found to corroborate, contradict, update, or provide any information regarding the cash flow from operating activities figure mentioned in the DRHP claim. - **NONE** (PromoterBackground): The company's revenue from operations for the period ended on March 31, 2024, was 3,161.72 Lakhs.. No current web search results were found to corroborate, contradict, update, or provide any information regarding the stated revenue figure for Teja Engineering Industries Limited. - **NONE** (PromoterBackground): The company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR), nor is there a winding up petition admitted by the NCLT/Court, nor has a Liquidator been appointed.. No web search results were found for the claim regarding the company's status concerning BIFR, winding up petitions, or liquidator appointments. ## Common questions ### 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 - [TEJA ENGINEERING INDUSTRIES LIMITED](https://www.sebi.gov.in/sebi_data/attachdocs/sep-2026/1789630210029_1353.pdf) (Prospectus, filed 17 Sep 2026) --- Source: InnerKore IPO (https://ipo.innerkore.com/). Read from public SEBI filings by automated extraction; check the linked documents. Not investment advice.