TechEra Engineering IPO
TechEra Engineering is an NSE SME IPO listed on the NSE SME platform, priced at ₹75–₹82 per share. The stock debuted at ₹125, delivering a listing gain of 52.4%. The IPO had a lot size of ₹1600 shares and a minimum investment of ₹1,31,200.
TechEra Engineering Limited IPO
- IPO Dates
- Sep 25, 2024 – Sep 27, 2024
- Price band
- ₹75-82 per equity share
- Minimum Investment
- ₹1,31,200
- Issue size
- ₹35.9 Cr
- Lot size
- 1600
- Allotment Date
- Sep 30, 2024
- Listing
- Oct 3, 2024
- Listing At
- NSE SME
IPO timeline
-
Sep 25, 2024
Open Date
Completed
-
Sep 27, 2024
Close Date
Completed
-
Sep 30, 2024
Allotment Date
Completed
-
Oct 3, 2024
Listing Date
Completed
TechEra Engineering IPO Essentials
TechEra Engineering IPO Details
TechEra Engineering IPO is priced at ₹75-82 per share with a total issue size of 35.9 crore. The IPO has a lot size of 1600 shares and is listed on NSE SME.
- Issue price
- ₹75-82 per equity share
- Lot size
- 1600 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- 4,377,600 shares(aggregating up to ₹35.90 Cr)
- Total issue size
- 43,77,600 shares
(aggregating up to ₹35.9 crore) - Fresh issue
- 43,77,600 shares
(aggregating up to ₹35.9 crore) - Listing at
- NSE SME
- List price
- 125.0
- Listing date
- Registrar
- Kfin Technologies Limited
- Lead manager
-
SKI Capital Services 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 reservation details show category-wise allocation of shares. Out of the total 43,77,600 shares, approximately 19.01% are reserved for QIB, 14.25% for NII, 33.26% for retail investors, 5.01% for market maker, and 28.47% for 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 Analytics
TechEra Engineering IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
TechEra Engineering IPO Subscription Status
TechEra Engineering IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| 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
Earnings
- EPS Pre IPO
- ₹3.97/-
- EPS Post IPO
- ₹2.92/-
- P/E Pre IPO
- 20.65
- P/E Post IPO
- 28.09
Returns
- ROE
- 30.33%
- ROCE
- 23.47%
- RoNW
- 30.33%
- PAT Margin
- 12.45
Fundamentals
- Debt / Equity
- 0.90
- Price / Book
- 6.26
TechEra Engineering Financials( In Crs.)
| 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 |
TechEra Engineering Company & Offer Insights
About TechEra Engineering
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 are the company's promoters of TechEra Engineering.
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 Information
Contact Details
TechEra Engineering
+91 8605016251
Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Tal. Bhor, Pune-412205
Registrar Contact Details
Kfin Technologies Limited
04067162222, 04079611000
Frequently Asked Questions
Click any question to reveal the answer
TechEra Engineering IPO is a book-built IPO worth ₹35.9 crore. The price band is ₹75–₹82 per share. The IPO opens on Sep 25, 2024 and closes on Sep 27, 2024. It will be listed on NSE SME Platform. Kfin Technologies Limited is the registrar.
The price band of TechEra Engineering IPO is ₹75 to ₹82 per share.
The lot size of TechEra Engineering IPO is 1600 shares.
The minimum investment for TechEra Engineering IPO is approximately ₹1,31,200 based on the upper price band .
TechEra Engineering IPO opens on Sep 25, 2024 and closes on Sep 27, 2024.
The allotment date of TechEra Engineering IPO is Sep 30, 2024.
TechEra Engineering IPO is expected to be listed on Oct 3, 2024, on NSE SME Platform.
TechEra Engineering IPO valuation snapshot: P/E 28.09, EPS ₹2.92/-, P/B 6.26, RoNW 30.33%, and market cap N/A.
To apply for TechEra Engineering IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of TechEra Engineering IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for TechEra Engineering IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check TechEra Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the TechEra Engineering IPO allotment status on IPO Ji for quick and easy access.