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(25/06/2026 15:20)

Teja Engineering announces launch of initial public offering

Teja Engineering Industries Ltd. has announced public offering of 1698000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 210.00 per share. The gross proceeds of the issue are expected to be Rs 3,735.60 lakhs.

The company's initial public offer (IPO) will open on 30 June 2026 and is expected to close on 02 July 2026, subject to customary closing conditions.

The IPO includes a fresh Issue of 1698000 Equity Shares of the Company at an price of Rs 220.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 600 shares with bids in multiples of 600.

Teja Engineering Industries Ltd. anticipates using the proceeds of the issue for .

Interactive Financial Services Ltd. as lead manager & KFin Technologies Ltd. is the registrar, to the issue.
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