New Delhi, July 3 -- Teja Engineering Industries IPO Allotment: The initial public offering (IPO) of Teja Engineering Industries received decent investor participation, and the focus has now shifted to the IPO allotment, which is expected to be finalised today, July 3.

The SME IPO was open for subscription from June 30 to July 2. With the allotment likely to be finalised today, the company is preparing for its stock market debut on Tuesday, July 7. Teja Engineering Industries shares are scheduled to list on the NSE SME platform.

Following the finalisation of the basis of allotment, equity shares will be credited to the demat accounts of successful applicants. Meanwhile, refunds for investors who did not receive an allotment will be init...