Multibagger IPO: Recently listed NSE SME stock doubles allottees' money

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Teja Engineering Industries, recently listed on the NSE SME platform on July 7, 2026, doubled IPO allottees' money with shares currently trading at ₹555 against an IPO price of ₹220. The stock debuted at a 90% premium at ₹418. The ₹37.36 crore fresh-issue IPO was subscribed 1.37 times, and the company reported revenue growth from ₹31.62 crore in FY24 to ₹55.22 crore in FY25, with PAT rising from ₹2.2 crore to ₹4.02 crore.