TechEra Engineering IPO
Open SmeCurrent GMP
₹25 (+30.49%)
Price Band
₹ 75 – 82
Lot Size
1600
Issue Size
₹35.9 Cr
Minimum Investment
₹262400 (3200 Shares)
Listing Date
03 October 2024
Subscription
65.35x
About the Company
Founded in October 2018, TechEra Engineering (India) specializes in designing, producing, and supplying precision tooling and components for the aerospace and defense sectors, along with automation system solutions. Their product lineup includes assembly tooling, jigs, fixtures, MRO (maintenance, repair, and overhaul) tooling, ground support equipment, and precision-machined components. Utilizing advanced technologies such as 5-axis machining and 3D modeling for design visualization, the company effectively meets the specific demands of these high-tech industries.
TechEra Engineering is certified in ISO 9001:2015 and ISO 14001:2018, reflecting its commitment to quality management and environmental standards. As of September 2024, the company employs 177 highly qualified professionals.
Promoters
- Nimesh Rameshchandra Desai
- Meet Nimesh Desai
- Kalpana Nimesh Desai
Promoters Holding
Holding Pre Issue
57.48%
Holding Post Issue
0.00%
Objects of the Issue
The company proposes to utilize the Net Proceeds for the following objects:
- Funding capital expenditure for the purchase of new machinery
- Funding working capital requirements of the Company
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
- General corporate purposes
- To meet the Issue expenses.
Address / Contact Info
TechEra Engineering India Limited
Gat No. 565, Behind Namo Marble & Timbers At
Post Velu, Tal. Bhor, Pune,
Maharashtra, India -412205
Phone: +91 8605016251
Email: cs@techera.co.in
Website: https://techera.co.in
IPO Snapshot
IPO Timeline (Tentative)
IPO Open Date
Wednesday, 25 September 2024
IPO Close Date
Friday, 27 September 2024
Basis of Allotment
Monday, 30 September 2024
Initiation of Refunds
Tuesday, 01 October 2024
Credit of Shares to Demat
Tuesday, 01 October 2024
Listing Date
Thursday, 03 October 2024 — NSE & BSE
Important Dates
Open Date
25 September 2024
Close Date
27 September 2024
Basis Of Allotment
30 September 2024
Listing Date
03 October 2024
Financial Performance (₹ in Crores)
| Particular | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 37.24 | 39.21 | 21.36 |
| Revenue | 39.08 | 26.59 | 7.37 |
| Profit After Tax | 4.82 | 1.31 | -6.29 |
| Net Worth | 15.9 | 11.08 | 9.78 |
| Reserve & Surplus | 3.76 | -2.72 | -4.02 |
| Total Borrowings | 14.3 | 13.77 | 8.87 |
EPS Pre
3.97%
EPS Post
2.92%
P/E Pre
20.65
P/E (Post Issue)
28.09x
Company Financial Information
KPI Information (₹ in Crores)
| Particular | KPI as of March 31, 2024. |
|---|---|
| ROE % | 30.33 |
| ROCE % | 23.47 |
| Debt / Equity | 0.9 |
| RoNW % | 30.33 |
| PbW | 6.26 |
| Pat Margin % | 12.45 |
Return Ratio
IPO Reservations
| Category | Shares Offered | Shares Offered % | Max Allotee |
|---|---|---|---|
| Anchor Investors | 1246400 | 28.47 | 0 |
| Qualified Institutions | 832000 | 19.01 | 0 |
| Non-Institutional | 843200 | 19.26 | 0 |
| Retail Investors | 1456000 | 33.26 | 0 |
| Total | 4377600 | 100 | 0 |
Subscription Status ( Fri, 27 Sep 24 01:18 PM)
| Category | Shares Offered | Shares Bid For | Subscription (x) |
|---|---|---|---|
| Qualified Institutions | 832000 | 25974400 | 31.22x |
| Non-Institutional | 843200 | 80702400 | 95.71x |
| Retail Investors | 1456000 | 97947200 | 67.27x |
| Total | 3131200 | 204624000 | 65.35x |
Subscription figures are updated periodically and may change until issue closing. Data reflects bids placed across exchanges.
Peer Comparision
No Peer Comparision Available
Lot Size & Investment Details
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | 131,200.00 |
| Retail (Max) | 1 | 1,600 | 131,200.00 |
| S-HNI (Min) | 2 | 3,200 | 262,400.00 |
Registrar
Kfin Technologies Limited
04067162222, 04079611000
reachus@kfintech.com
https://www.kfintech.com
Book Running Lead Managers
- SKI Capital Services Limited
RHP Document
DRHP Document
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
TechEra Engineering IPO is a Book-building IPO worth ₹35.9 crores. The price band is ₹75 to 82 per share. The IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024. It will be listed on BSE and NSE. Kfin Technologies Limited is the registrar.
The TechEra Engineering IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024
TechEra Engineering IPO Price Band is ₹75 to 82.
TechEra Engineering IPO lot size is 1600, and the minimum amount required for application is ₹262400.
The minimum investment for TechEra Engineering IPO is approximately ₹262400 based on the upper price band.
To apply for the TechEra Engineering IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of Fri, Sep 27, 2024. After submission, funds are blocked until the basis of allotment of TechEra Engineering IPO is finalised.
TechEra Engineering IPO issue size is ₹35.9 crores.
TechEra Engineering IPO allotment date is Sat, Jun 27, 2026.
The registrar for TechEra Engineering IPO is Kfin Technologies Limited. Investors can go to Kfin Technologies Limited website for IPO allotment status, refund processing, and other queries related to TechEra Engineering IPO through their official website or helpline.
The TechEra Engineering IPO GMP (Grey Market Premium) is ₹25 as of Fri, Sep 27, 2024. Based on the upper price band of ₹82 per share, the estimated TechEra Engineering IPO listing price is ₹107, indicating a potential listing gain of approximately 31% over the issue price.