AbridgedLast filing 17 Sep 2026

Teja Engineering Industries Limited

CIN

Detailed viewexpand everythingSource documents

Teja Engineering Industries Limited (CIN U33122GJ2023PLC140188) has filed a SEBI filings 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 earlier look-up of its claims found no medium or high concerns across 8 claims looked up.

Read from public SEBI filings; last updated 17 Sep 2026. Not investment advice.

Key signals

Read from the filing. Signals summarise it; they are not a recommendation or investment advice.

ValuationNot available
Not yetThe price band isn't out, so P/E and price-to-book can't be worked out.
GrowthLooks fine
49.9% a yearSales FY23 to FY25; latest year +74.7%.p.48
ProfitabilityLook closer
7.3% net marginFY25; operating margin steady.p.48
DebtLooks fine
0.38x equity₹12.9 crore borrowed at the end of FY25.p.48
Profit into cashConcern
-23% of profitOperations brought in ₹-0.9 crore against ₹4 crore of profit in FY25.p.48
One-off incomeLooks fine
0% of profitOther and one-off income is 0% of pre-tax profit.
Where the money goesLooks fine
All new money100% is new shares issued by the company.p.75
Red flagsLooks fine
None serious8 claims looked up earlier: 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: Earlier web look-ups of the filing's claims: 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.

Original draft not analysed yet. We have one filing for this company, but not its full draft prospectus. The amendments below are shown on their own until it is added.

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
Offer for sale: Nil
Price band: To be announced
Final offer price: ₹220.00
Shares today: Not stated
Face value: ₹10
Listing on: NSESME
Bidding: 30 Jun 2026 to 2 Jul 2026

Lead managers

INTERACTIVE FINANCIAL SERVICES

Registrar

INM000012856 KFIN TECHNOLOGIES

Read from p.1 p.2 p.3 p.4+2

Where the money goes

Earmarked for specific objects

₹33 Cr

of a ₹33 Cr fresh issue (net proceeds)

Object	₹ crore	% of issue
Capex Funding Capital Expenditure requirements for the purchase	18	55%
Working capital Funding the Working Capital requirement	9.3	28%
General corporate General corporate purposes	5.5	17%

Source: page 75

Who owns it

Promoters and promoter group hold before the IPO

67.2%

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.

Business model

Is Teja Engineering Industries Limited a good business, and why? Its market, industry, edge and team, each rated by a stated rule.

Each domain is scored from -10 to +10 by a stated rule, with the evidence behind it. There is no overall score and no buy or sell verdict.

Read the business-model analysis

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.47 p.48 p.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.

Revenue by type

₹ crore · Source p.190

Segment	9M Dec-25	Share of 9M Dec-25
O & M Servcies	51	94.3%
Others	1.3	2.4%
Instrument & SRV Calibration	0.90	1.7%
E & C Services	0.89	1.6%

Revenue Break up FY 2025 FY 2024*

₹ crore · Source p.191

Segment	FY25	Share of FY25
O& M Service	52	93.6%
Instrument & SRV Calibration	1.4	2.5%
E& C Service	1.3	2.4%
Other	0.81	1.5%

Full statements

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.

Discount rate

% / yr

Time period

years

Cash flow growth

% / 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.
AI-written summary of Teja Engineering Industries Limited's filings. Verify against the source documents.

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

The public issue aggregates to Rs. 3735.60 Lakhs by Teja Engineering Industries Limited.

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.

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.

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.

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

Promoter & Promoter Group holds 91.33% of the total shares.

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.

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.

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.

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

Srinivasarao Vakalapudi is the Chairman & Managing Director.
Suryakumari Vakalapudi is a Promoter & whole-time Director and owns Proprietorship firm M/s. Surya instruments and Calibration.
The promoters are related as husband and wife.

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.
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.

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.

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 from earlier look-ups

For this filing we looked up selected claims (promoters, court cases, subsidiaries) on the open web earlier. We no longer check what a filing says; SEBI reviews it.

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.
p.146
What we found
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.
p.145
What we found
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.
p.145
What we found
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.
p.145
What we found
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.
p.147
What we found
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.
p.143
What we found
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.

Updates since the first filing

Addenda, corrigenda and the abridged prospectus, newest first.

17 Sep 2026ProspectusProspectus· 284 pagesOpen document
An earlier full draft. The main analysis above reflects the latest version; open the document to compare.

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 SEBI filings. 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 filing?

Earlier, we looked up 8 claims from the filing on the open web (we no longer do this, since SEBI reviews the filing): 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.

Document	Filed	Pages	On this page	Source
ProspectusProspectus TEJA ENGINEERING INDUSTRIES LIMITED · 17 Sep 2026	17 Sep 2026	284	See update	PDF

Documents are hosted by SEBI. View the SEBI listing