Teja Engineering Industries Limited
Teja Engineering Industries Limited is an SME IPO offering services in the oil & gas, power, and energy sectors through O&M, E&C, and AMC contracts. The company is listing on NSE SME with a fixed issue price of ₹220 per share and a total issue size of ₹37.36 crores.
Overview
About the Company
Teja Engineering Industries Limited, incorporated in 2023, is an engineering services company specialising in operation and maintenance (O&M), erection and commissioning (E&C), and technical support services for the oil & gas, power, and energy sectors. Its service portfolio includes annual maintenance contracts (AMC), comprehensive maintenance contracts (CMC), instrument calibration, overhauling, decommissioning and recommissioning, stainless-steel tubing installation, and testing and servicing of safety relief valves. The company supports OEMs, CNG compressor packagers, and public sector undertakings involved in gas distribution and energy infrastructure. It operates pan-India across states including Gujarat, Telangana, Andhra Pradesh, Tamil Nadu, Kerala, Karnataka, Goa, Madhya Pradesh, Rajasthan, Odisha, West Bengal, and Maharashtra. Teja Engineering holds PESO certification for testing safety relief and pressure safety valves, and is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. As of May 31, 2026, the company employed 2,927 people.
Company Details
📋 Objects of Issue (Use of Proceeds)
- › Funding capital expenditure for the acquisition of equipment and machinery (estimated ₹18.01 crore).
- › Meeting the working capital requirements of the company (estimated ₹9.26 crore).
- › General corporate purposes (estimated ₹5.50 crore).
✅ Strengths
- ✓ The company maintains a broad pan-India presence, enabling it to serve clients across more than a dozen states.
- ✓ Its leadership team brings extensive domain knowledge in the oil & gas and energy services space.
- ✓ Long-term customer relationships provide a foundation for recurring business and stable revenues.
- ✓ The company holds PESO certification for safety relief valve testing, which is a regulatory requirement for this type of work.
- ✓ A consistent track record of timely project completion strengthens the company's credibility with clients.
- ✓ The company is certified under ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, reflecting a strong commitment to quality, environmental, and safety standards.
⚠️ Risks
- ! A disproportionately large portion of revenues is derived from O&M service contracts, which may limit revenue diversification.
- ! Over 98% of revenues are concentrated among the top 10 customers, representing significant customer concentration risk.
- ! Engineering and maintenance operations involve inherently hazardous activities that could result in workplace accidents, liabilities, or service disruptions.
- ! The company has a short corporate operating history, which makes it difficult to predict future performance with confidence.
- ! Delays in payment from clients could adversely affect the company's cash flows and working capital position.