TechEra Engineering IPO
GMP, Subscription, Price, Dates & Financial Details
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,…
Open Date
Wed, 25 Sep 2024
Close Date
Fri, 27 Sep 2024
Price Band
₹ 75 – 82
Lot Size
1600
Issue Size
₹ 35.90 Cr
Minimum Investment
₹ 262,400 (3200 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
TechEra Engineering IPO has successfully completed its IPO process and is now listed on NSE SME Platform. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹35.90 Crore, comprising a fresh issue of 43.78 Lakh equity shares aggregating to ₹35.90 Crore.
The TechEra Engineering IPO remained open for subscription from September 25, 2024, to September 27, 2024. The basis of allotment was finalized on September 30, 2024, and the company's shares were listed on NSE SME Platform on October 03, 2024.
The company had fixed the price band at ₹75 to ₹82 per share, with a lot size of 1600 shares. Retail investors were required to make a minimum investment of ₹262,400 (based on the upper price band) to apply for one lot.
KFin Technologies Limited served as the registrar to the issue. SKI Capital Services Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, TechEra Engineering India Limited is now a publicly listed company on NSE SME Platform. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
TechEra Engineering IPO Timeline (Tentative)
- IPO Open Date
- Wed, 25 Sep 24
- IPO Close Date
- Fri, 27 Sep 24
- Basis of Allotment
- Mon, 30 Sep 24
- Initiation of Refunds
- Tue, 01 Oct 24
- Credit of Shares to Demat
- Tue, 01 Oct 24
- Listing Date
- Thu, 03 Oct 24 — NSE & BSE
Open Date
25 September 2024
Close Date
27 September 2024
Basis Of Allotment
30 September 2024
Listing Date
03 October 2024
IPO Subscription
Check Live Subscription →The TechEra Engineering IPO has received bids for 20,46,24,000 shares against 31,31,200 shares offered, resulting in an overall subscription of 65.35x. the NII category is subscribed 95.71x, Retail Investors 67.27x, and QIBs 31.22x.
QIB
31.22x
NII
95.71x
RII
67.27x
Total
65.35x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 14,56,000 shares, representing 33.26% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 8,32,000 shares (19.01%), while Non-Institutional Investors (NIIs) receive 8,43,200 shares (19.26%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Anchor Investors | 1,246,400 | 28.47% |
| Qualified Institutions | 832,000 | 19.01% |
| Non-Institutional | 843,200 | 19.26% |
| Retail Investors | 1,456,000 | 33.26% |
| Total | 4,377,600 | 100% |
Financials Details(₹ 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 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
TechEra Engineering India Limited KPI Information
| 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 |
Peers Comparison
No Peer Comparision Available
About TechEra Engineering India Limited
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.
TechEra Engineering IPO Promoters
- Nimesh Rameshchandra Desai
- Meet Nimesh Desai
- Kalpana Nimesh Desai
Promoters Holding
Holding Pre Issue
57.48%
Holding Post Issue
0.00%
TechEra Engineering IPO Objective
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.
TechEra Engineering India Limited Address / Contact Details
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
TechEra Engineering IPO Lot Size
The TechEra Engineering IPO has a lot size of 1,600 shares. Retail investors require a minimum investment of ₹1,31,200 by applying for 1 lot (1,600 shares). The maximum application allowed for the retail category is 1 lots (1,600 shares), requiring an investment of ₹1,31,200.
| 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 |
Issue Reservation
- Anchor Investors — 28.47%
- QIB — 19.01%
- NII — 19.26%
- RII — 33.26%
Book Running Lead Managers
- SKI Capital Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the TechEra Engineering IPO?
TechEra Engineering IPO is a Book-building IPO with a total issue size of ₹35.9 crore. The TechEra Engineering IPO price band is ₹75 to 82 per share. The TechEra Engineering IPO subscription opens on Wed, Sep 25, 2024, and closes on Fri, Sep 27, 2024. The TechEra Engineering IPO will be listed on the NSE. KFin Technologies Limited is the registrar for the TechEra Engineering IPO.
When will the TechEra Engineering IPO open for subscription?
The TechEra Engineering IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024
What is TechEra Engineering IPO Price Band?
TechEra Engineering IPO Price Band is ₹75 to 82 per share.
What is TechEra Engineering IPO Lot Size?
TechEra Engineering IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹262400 based on the upper price band
What is the minimum investment for TechEra Engineering IPO?
The minimum investment for TechEra Engineering IPO is ₹262400, based on one lot of 1600 shares at the upper price band of ₹82 per share.
How to apply for TechEra Engineering IPO?
Investors can apply for the TechEra Engineering IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Sep 27, 2024. The application amount remains blocked until the TechEra Engineering IPO allotment is finalized.
What is TechEra Engineering IPO Issue Size?
TechEra Engineering IPO issue size is ₹35.9 crores.
What is the TechEra Engineering IPO Allotment Date?
TechEra Engineering IPO allotment date is Mon, Sep 30, 2024.
Who is the TechEra Engineering IPO Registrar?
The registrar for TechEra Engineering IPO is KFin Technologies Limited. Investors can go to KFin Technologies Limited website to check TechEra Engineering IPO allotment status, refund processing, and other IPO-related information.
What is the TechEra Engineering IPO GMP?
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 30.49% over the issue price.
Who is the TechEra Engineering IPO Lead Manager?
The book-running lead managers (BRLMs) for the TechEra Engineering IPO are SKI Capital Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the TechEra Engineering IPO Red Herring Prospectus (RHP).