Teja Engineering IPO Subscription Status – Day 3
| Category | Day 1 | Day 2 | Day 3 |
| NII | 0.11 | 0.55 | 1.81 |
| RII | 0.02 | 0.08 | 0.32 |
| Total | 0.06 | 0.31 | 1.37 |
IPOWatch View
We recommend investors may apply for an IPO with Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing.
The Teja Engineering IPO minimum market lot is 1,200 shares with ₹2,64,000 application amount. The Teja Engineering IPO is a SME IPO, and it is to be listed on NSE SME.
Business Overview
Teja Engineering is a growing engineering services firm that operates across the Oil & Gas, Power, and Energy sectors, with a focus on providing Operations & Maintenance (O&M) services. Tejal Engineering offers a wide range of engineering services, including O&M, Erection & Commissioning (E&C), instrument calibration, overhauling, terminal hook-up, and decommissioning and recommissioning.
The company has over 300 CNG compressor station projects and manages O&M services for more than 550 units across 15 states, including Gujarat, Maharashtra, Telangana, Tamil Nadu, and West Bengal. TEIL operates in an asset-light business model and recurring O&M contracts. Moreover, the firm is planning to use the fund of ₹18.05 crore raised from the IPO proceeds to enhance its presence in expanding India’s gas and energy infrastructure market.
Teja Engineering IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Teja Engineering IPO Review and Rating
- May Apply For Long-term View
Teja Engineering IPO Form
How to apply for the Teja Engineering IPO? You can apply for Teja Engineering IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Teja Engineering IPO in the Invest section. The other option is you can apply for Teja Engineering IPO via IPO forms downloaded online. Check out the Teja Engineering forms – Click IPO Forms blank IPO forms download, fill, and submit in your bank or with your broker.
