TechEra Engineering Limited IPO
NSE SMEListed On: Oct 3, 2024 at ₹ 125.0
₹ 131200 /1600 Shares
Check AllotmentExpected 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.
25 Sep, 2024
Open Date27 Sep, 2024
Close Date30 Sep, 2024
Allotment Date03 Oct, 2024
Listing DateIssue Price
₹75-82 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Kfin Technologies LimitedList Price
125.0Listing Date
2024-10-03Market Lot
1600 Shares (₹131,200/-)Lead Manager
SKI Capital Services LimitedIssue Size
4,377,600 shares(aggregating up to ₹35.90 Cr)Retail Portion
35%Subscription
69.79 timesTechEra 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 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
EPS Pre IPO
₹3.97/-EPS Post IPO
₹2.92/-P/E Pre IPO
20.65P/E Post IPO
28.09ROE
30.33%ROCE
23.47%Debt/Equity
0.90RoNW
30.33%PAT Margin
12.45Price to Book Value
6.26TechEra Engineering Company Financials All values are in ₹ Cr.
| 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 The 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)
Pre Issue Share Holding: 57.48%
Post Issue Share Holding: %
- Nimesh Rameshchandra Desai
- Meet Nimesh Desai
- Kalpana Nimesh Desai
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
Other Details
TechEra Engineering
Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Tal. Bhor, Pune-412205Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: teil.ipo@kfintech.com
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. The size of TechEra Engineering Limited IPO is 4,377,600 shares(aggregating up to ₹35.90 Cr).
Ans. The IPO price band is set between ₹75-82 per equity share.
Ans. To apply for TechEra Engineering Limited IPO 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 allotment status for TechEra Engineering Limited IPO here.
