Mumbai, July 7 -- The scrip was listed at Rs 418, a 90% premium to the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 438.90 and a low of Rs 418. About 60,000 shares of the company changed hands at the counter.

Teja Engineering Industries' IPO was subscribed 1.06 times. The issue opened for bidding on 30 June 2026 and it closed on 02 July 2026. The price of the IPO was fixed at Rs 220 per share.

The IPO comprised fresh issue of 16,98,000 equity shares. The promoter and promoter group shareholding will diluted to 67.17% from 91.33% pre-issue.

The company intends to utilize the net proceeds for funding capital expenditure requirements for the ...