Teja Engineering Industries shares surged to the upper price circuit on their debut on the National Stock Exchange’s SME platform, reflecting intense retail appetite for the engineering firm’s initial public offering.
The stock opened at ₹418, representing a 90% premium over the ₹220 issue price.
Trading momentum carried the shares to the upper circuit limit of ₹438.90, halting further buying pressure for the session.
The sharp repricing occurred despite broader market conditions that were otherwise lacklustre, highlighting the specific demand for this SME listing.
The listing follows the company’s IPO launch on the NSE SME platform earlier in July.
Share allotments were finalized on July 3, setting the stage for Tuesday’s trading debut.