TechEra Engineering Limited IPO
NSE SMEListed On: Oct 3, 2024 at ₹ 125.0
₹ 262400 /3200 Shares
*Min Investment
25 Sep, 2024
Open Date27 Sep, 2024
Close Date30 Sep, 2024
Allotment Date03 Oct, 2024
Listing DateExpected Premium is derived from market rumors and internet sources. It does not reflect the actual IPO listing price or value. Please review the RHP and consult a financial advisor before investing.
TechEra Engineering IPO Issue Details
- Issue Price ₹75-82 per equity share
- Face Value ₹10 Per Equity Share
- Total Issue Size 43,77,600 shares(aggregating up to ₹35.9 crore)
- Fresh Share 43,77,600 shares(aggregating up to ₹35.9 crore)
- Listing at NSE SME
- List Price 125.0
- Listing Date 2024-10-03
- Lead Manager SKI Capital Services Limited
- Registrar Kfin Technologies Limited
Market Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1600 | ₹1,31,200 |
| Retail(max) | 1 | 1600 | ₹1,31,200 |
| NII (min) | 2 | 3,200 | ₹2,62,400 |
TechEra Engineering IPO Reservation
TechEra Engineering IPO offers total 43,77,600 shares. Out of which 8,32,000 (19.01%) allocated to QIB, 6,24,000 (14.25%) allocated to NII,14,56,000 (33.26%) allocated to RII, NA (NA%) allocated to employees and 12,46,400 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 12,46,400 (28.47%) | |
| Market Maker Shares Offered | 2,19,200 (5.01%) | |
| QIB Shares Offered | 8,32,000 (19.01%) | |
| NII (HNI) Shares Offered | 6,24,000 (14.25%) | |
| Retail Shares Offered | 14,56,000 (33.26%) | |
| Total Shares Offered | 43,77,600 (100%) |
TechEra Engineering IPO Details
TechEra Engineering Limited IPO is an SME IPO, priced at ₹75-82 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 43,77,600 equity shares, aggregating up to ₹35.9 crores..
The IPO bidding window is open from Sep 25, 2024 to Sep 27, 2024. The allotment is expected to be finalized on Sep 30, 2024, and the tentative listing date is Oct 3, 2024.
The minimum lot size for retail investors is 1600 shares, with a minimum investment of ₹1,31,200. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,62,400.
SKI Capital Services Limited is acting as the lead manager to the issue. The registrar of the IPO is Kfin Technologies Limited, and SKI Capital Services Limited , Acme Capital Market Limited will act as the market maker for this issue.
TechEra Engineering IPO Subscription Analysis And Details
| As on | QIB / NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 832,000 / 843,200 | 1,456,000 | 2,912,000 |
Day 1 25-09-24 06:00 PM | 0.00 / 2.41 x | 3.13 x | 2.10 x |
Day 2 26-09-24 06:00 PM | 0.27 / 6.92 x | 13.56 x | 8.34 x |
Day 3 27-09-24 06:00 PM | 31.22 / 129.21 x | 66.37 x | 69.79 x |
TechEra Engineering Valuations
TechEra Engineering Company Financials
| 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|
| 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 |
| Reserves & Surplus | 3.76 | -2.72 | -4.02 |
| Total Borrowing | 14.3 | 13.77 | 8.87 |
About TechEra Engineering Company
Techera Engineering (India) Limited was incorporated in 2018. It designs, manufactures, and supplies precise tooling and components for the aerospace and defense industries. The company also provides automation system solutions.
The company makes assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components. It uses advanced manufacturing technologies, such as 5-axis machining and 3D modeling, to meet the needs of its target sectors.
The company is ISO 9001:2015 and ISO 14001:2018 certified, thereby indicating that it follows quality management systems.
By September 2024, the company has full-time qualified professionals with a total count of 177.
TechEra Engineering - Promoter(s)
Nimesh Rameshchandra Desai
Meet Nimesh Desai
Kalpana Nimesh Desai
Pre Issue Share Holding : 57.48%
Post Issue Share Holding : %
TechEra Engineering IPO - Issue Objectives
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
Issue expenses
TechEra Engineering IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| TechEra Engineering Limited | 4.14 | 4.14 | 13.09 | N/A | 30.33 | 6.31 | Consolidated |
| Paras Defence and Space Technologies Limited | 8.22 | 8.22 | 114.01 | 140.51 | 6.75 | N/A | Consolidated |
| Azad Engineering Limited | 11.2 | 11.2 | 109.12 | 141.25 | 9.08 | N/A | Consolidated |
Notes:
- P/E Ratio has been computed based on the closing market price of equity shares on the NSE website on September 12, 2024 divided by the Diluted EPS.
- RoNW is computed as net profit after tax divided by the closing net worth, which has been computed as the sum of share capital, reserves, and surplus.
- NAV is computed as the closing net worth divided by the closing outstanding number of equity shares.
Contact Details
TechEra Engineering
Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Tal. Bhor, Pune-412205
+91 8605016251
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
TechEra Engineering IPO - FAQs
Ans. TechEra Engineering Limited IPO is a SME IPO. The issue is priced at ₹75-82 per equity share. The minimum order quantity is 1600 Shares. The IPO opens on Sep 25, 2024, and closes on Sep 27, 2024. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Ans. The TechEra Engineering Limited IPO opens on Sep 25, 2024 and closes on Sep 27, 2024.
Ans. You can track the real-time subscription numbers using the links below:
Ans. The size of TechEra Engineering Limited IPO is 4,377,600 shares(aggregating up to ₹35.90 Cr).
Ans. The TechEra Engineering Limited IPO price band is set between ₹75-82 per equity share.
Ans. To apply for TechEra Engineering Limited IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find TechEra Engineering Limited IPO in the List of IPOs
- - Press Apply Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of TechEra Engineering Limited IPO is Sep 30, 2024.
Ans. The TechEra Engineering Limited IPO will be listed on Oct 3, 2024.
Ans. Follow the steps to check the TechEra Engineering Limited IPO allotment status online.
