Multibagger IPO: Recently listed NSE SME stock doubles allottees' money
AI Summary
Teja Engineering Industries has made a strong debut on the NSE SME, listing at ₹418, a 90% premium over its IPO price of ₹220, effectively doubling the investment for IPO allottees. The stock has shown a 6% gain over the past week and a 26.45% increase year-to-date, although it is currently trading 3.31% lower at ₹555. The company plans to utilize IPO proceeds for equipment acquisition and working capital, with significant revenue and profit growth reported in recent financials.
Multibagger IPO: The newly listed NSE SME stock Teja Engineering Industries has doubled IPO allottees money. Teja Engineering share price made its stock market debut at 90% premium, listed at ₹418 on the NSE, over the IPO price of ₹220.
Teja Engineering Industries share price has delivered 6% gains in a week and 26.45% returns on year-to-date (YTD) basis. On Monday, the SME stock is trading 3.31% lower at ₹555 apiece.
Teja Engineering Industries share price made its stock market debut on 7 July, 2026 on NSE SME.
Teja Engineering Industries IPO was entirely a fresh issue of 16.98 lakh shares, raising ₹37.36 crore.
The NSE SME issue, priced at ₹220 per share, was open for subscription from June 30 to July 2 and received an overall subscription of 1.37 times.
The basis of allotment was finalised on July 3, while successful investors received the shares in their demat accounts on July 6.
The company plans to utilise the net proceeds from the IPO to acquire equipment and machinery, meet working capital requirements, and support general corporate purposes.
Founded in 2023, Teja Engineering Industries offers operation and maintenance services, including annual maintenance contracts, erection and commissioning, project execution, stainless-steel tubing installation, overhauling, decommissioning, and recommissioning.
It caters to the oil & gas, power, and energy sectors, serving original equipment manufacturers (OEMs), CNG compressor packagers, and public sector enterprises engaged in gas distribution and energy infrastructure.
On the financial front, the company's revenue from operations increased from ₹31.62 crore in FY24 to ₹55.22 crore in FY25. For the nine months ended December 31, 2025, it reported revenue of ₹54.32 crore.
Its profit after tax also improved from ₹2.2 crore in FY24 to ₹4.02 crore in FY25. During the nine months ended December 31, 2025, the company posted a profit of ₹4 crore.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.
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