TechEra Engineering IPO Details
The TechEra Engineering IPO is a book build issue with a total issue size of ₹35.9 cr, comprising of fresh issue of 4377600 equity shares. TechEra Engineering IPO opened for subscription on Sep 25, 2024 and closed on Sep 27, 2024. TechEra Engineering IPO is set price band at ₹75 to ₹82 per share, with a lot size of 1600 shares. Minimum investment for Retail investors was ₹262,400.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 30, 2024, and listed on the NSE on Oct 03, 2024.
Kfin Technologies Limited has been appointed as the registrar. SKI Capital Services Limited are the Book Running Lead Manager for the issue.
Before investing in the TechEra Engineering IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 75 – 82
- Lot Size
- 1600
- Issue Size
- ₹35.9 Cr
- Minimum Investment
- ₹262400 (3200 Shares)
- Listing Date
- 03 October 2024
Current GMP
₹25 (+30.49%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
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.
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
Book Running Lead Managers
- SKI Capital Services Limited
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 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.
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 per share.
TechEra Engineering IPO lot size is 1600 shares, Retail investors need a minimum investment of ₹262400 based on the upper price band
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.
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.
TechEra Engineering IPO issue size is ₹35.9 crores.
TechEra Engineering IPO allotment date is Wed, Jul 1, 2026.
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.
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 0% over the issue price.