Teja Engineering Industries IPO Subscribed 1.37 Times on Day 3
5paisa Capital Ltd
- 2 min read
Last Updated: 2nd July 2026 - 06:10 pm
Teja Engineering Industries Limited's initial public offering (IPO) closed its three-day subscription window at 1.37 times overall subscription by 5:04 PM on Day 3 (July 2, 2026). The ₹37.36 crore fixed price issue at ₹220 per share received bids for 22,12,200 shares against 16,12,800 shares on offer, with total applications reaching 271.
Invest in Indian Markets and Unlock Future Potential With 5paisa!Subscription Status of Teja Engineering Industries IPO
| Date | NII | Individual | Total |
|---|---|---|---|
| Day 1 (June 30) | 0.11 | 0.02 | 0.06 |
| Day 2 (July 1) | 0.55 | 0.08 | 0.31 |
| Day 3 (July 2) | 1.81 | 0.32 | 1.37 |
Here are the subscription details for Teja Engineering Industries IPO Day 3, as of 5:04 PM:
| Investor Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (₹ Cr.) |
|---|---|---|---|---|
| Market Maker | 1.00 | 85,200 | 85,200 | 1.87 |
| NII | 1.81 | 8,06,400 | 14,56,200 | 32.04 |
| Individual | 0.32 | 8,06,400 | 2,55,600 | 5.62 |
| Total | 1.37 | 16,12,800 | 22,12,200 | 48.87 |
Key Highlights – Day 3
- Overall subscription crossed full subscription at 1.37 times on the final day, surging from Day 2's 0.31 times, driven by a sharp last-day surge in NII demand.
- Non-institutional investors crossed full subscription at 1.81 times, surging from Day 2's 0.55 times, reflecting HNI interest in this oil, gas, and power sector services SME IPO concentrated on the closing day.
- Individual investors improved to 0.32 times from Day 2's 0.08 times, though participation remained well below full subscription.
- Total applications reached 271 on Day 3.
- This is a fixed price IPO with no QIB category; participation is limited to NII and individual investors.
Key Highlights – Day 2
- Overall subscription reached 0.31 times, improving from Day 1's 0.06 times.
- Non-institutional investors improved to 0.55 times from Day 1's 0.11 times.
- Individual investors improved marginally to 0.08 times from Day 1's 0.02 times.
Key Highlights – Day 1
- Overall subscription reached 0.06 times on Day 1 (June 30, 2026), reflecting very subdued initial investor interest in this oil, gas, and power sector services SME IPO.
- Non-institutional investors showed the stronger opening participation at 0.11 times on Day 1.
- Individual investors showed negligible participation at 0.02 times on Day 1.
About Teja Engineering Industries Limited
Incorporated in 2023, Teja Engineering Industries Limited provides project assistance, operation and maintenance, annual maintenance contracts, and erection and commissioning services in the oil and gas, power, and energy sectors, with specialisation in natural gas compression stations and CNG station lifecycle services. The company is ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified, operates across 12 states in India, and had 2,927 employees as of May 31, 2026.
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