IPO

TechEra Engineering Limited IPO

NSE SME

Listed On: Oct 3, 2024 at ₹ 125.0

₹ 262400 /3200 Shares
*Min Investment

Check Allotment

25 Sep, 2024

Open Date

27 Sep, 2024

Close Date

30 Sep, 2024

Allotment Date

03 Oct, 2024

Listing Date

Expected 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 Documents
DRHP
RHP
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.

Read More
TechEra Engineering IPO Subscription Analysis And Details
Retail
66.37x
Total
69.79x
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
Total No of Applications
60,467
TechEra Engineering Valuations
EPS Pre IPO ₹3.97/-
EPS Post IPO ₹2.92/-
P/E Pre IPO 20.65
P/E Post IPO 28.09
ROE 30.33%
ROCE 23.47%
Debt/Equity 0.90
RoNW 30.33%
PAT Margin 12.45
Price to Book Value 6.26
TechEra Engineering Company Financials
In Crs.
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 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.

Read More
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
1

Funding capital expenditure for the purchase of new machinery

2

Funding working capital requirements of the Company

3

Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company

4

General corporate purposes

5

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:

  1. 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.
  2. 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.
  3. 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

cs@techera.co.in

https://techera.co.in/

Registrar Contact Details

Kfin Technologies Limited

04067162222, 04079611000

teil.ipo@kfintech.com

https://kosmic.kfintech.com/ipostatus/