TechEra Engineering IPO will open for subscription from 25 September 2024. The company aims for an issue size of ₹35.90 Cr through this IPO.
Company Overview
| Full name | TechEra Engineering Limited |
| Sector | Capital Goods |
| Industry | Engineering – Industrial Equipments |
| Company Website | https://www.techera.co.in/ |
About Company
Founded in October 2018, TechEra Engineering (India) specializes in the design, production, and supply of precision tooling and components for the aerospace and defense sectors, as well as automation system solutions. Their product range includes assembly tooling, jigs, fixtures, MRO (maintenance, repair, and overhaul) tooling, ground support equipment, and precision-machined components. By leveraging advanced technologies like 5-axis machining and 3D modeling for design visualization, the company ensures it meets the specific demands of these high-tech industries.
The company is certified for ISO 9001:2015 and ISO 14001:2018, underscoring its commitment to quality management systems and environmental standards. As of September 2024, it employs a team of 177 full-time, highly qualified professionals.
The Objectives of the Issue
- 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 Timetable
| IPO Opening date | 25 September 2024 |
| IPO Closing | 27 September 2024 |
| Basis of Allotment | 30 September 2024 |
| Initiation Refund | 01 October 2024 |
| Credit to Demat Account | 01 October 2024 |
| Listing Date | 03 October 2024 |
TechEra Engineering IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹35.90 Cr – 4,377,600 shares |
| Fresh Issue | ₹35.90 Cr – 4,377,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹75 to ₹82 per share |
| Lot size | 1600 Shares |
| Market Maker portion | 219,200 shares |
| Shareholding pre-issue | 12,143,325 |
| Shareholding post-issue | 16,520,925 |
| Listing Exchange | NSE SME |
TechEra Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
TechEra Engineering Offer Documents
TechEra Engineering IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| 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 Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 7.18 | 26.43 | 38.75 |
| Expenses | 13.64 | 25.25 | 33.50 |
| Net income | (6.29) | 1.31 | 4.82 |
TechEra Engineering Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | (40.49) | 6.19 | 4.14 |
| PE ratio | – | – | 18.12 – 19.81 |
| RONW (%) | (64.30) | 11.78 | 30.33 |
| NAV | 54.00 | 61.20 | 13.09 |
| ROCE (%) | (29.42) | 9.71 | 23.47 |
| EBITDA (%) | (49.83) | 16.07 | 23.26 |
| Debt/Equity | 0.91 | 1.24 | 0.90 |
Company Promoters
- Nimesh Rameshchandra Desai
- Meet Nimesh Desai
- Kalpana Nimesh Desai
Promoter Holding
| Pre Issue Share Holding | 57.48% |
| Post Issue Share Holding |
TechEra Engineering Offer GMP Update
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 27 September 2024 | 20 | – | 21,000 |
| 26 September 2024 | 20 | – | 21,000 |
| 25 September 2024 | 20 | – | 21,000 |
| 24 September 2024 | 13 | – | 14,500 |
| 23 September 2024 | 13 | – | 14,500 |
| 21 September 2024 | 15 | – | 17,500 |
| 20 September 2024 | 15 | – | 17,500 |
TechEra Engineering IPO Subscription Update
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 8,32,000 | 6,24,000 | 14,56,000 | 29,12,000 |
| 27 Sep 2024 | 31.22 | 129.23 | 66.52 | 69.87 |
| 26 Sep 2024 | 0.27 | 7.23 | 13.26 | 8.26 |
| 25 Sep 2024 | 0.00 | 3.17 | 2.81 | 2.08 |
TechEra Engineering IPO Allotment Status
TechEra Engineering IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
TechEra Engineering IPO Listing Details
| Listing Date | 03 October 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
| Low | |
| High | |
| Last Trade |
TechEra Engineering IPO Lead Manager(s)
SKI CAPITAL SERVICES LIMITED
718, Dr Joshi Road,
Karol Bagh, New Delhi- 110005
Phone: +91-011-41189899/ +91 78400-22233
Email: tel@skicapital.net
Website: www.skicapital.net
TechEra Engineering Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/ 79611000
E-mail: teil.ipo@kfintech.com
Website: www.kfintech.com
TechEra Engineering Contact Details
TECHERA ENGINEERING INDIA LIMITED
Gat No. 565, Behind Namo Marble & Timbers At Post Velu,
Tal. Bhor, Pune, Maharashtra, India – 412205
Phone: +91 8605016251
E-mail: cs@techera.co.in
Website: www.techera.co.in
TechEra Engineering IPO FAQs
What is TechEra Engineering’s IPO size?
TechEra Engineering’s offer size is ₹ 32.83 – 35.90 crores.
What is the TechEra Engineering IPO price band?
TechEra Engineering’s public offer price is ₹ 75 – 82 per share.
What is the lot size of TechEra Engineering Offer?
TechEra Engineering’s offer lot size is 1,600 shares.
What is TechEra Engineering IPO GMP today?
TechEra Engineering IPO GMP today is ₹ 20 per share.
What is the TechEra Engineering kostak rate today?
TechEra Engineering’s kostak rate today is ₹ NA per application.
What is TechEra Engineering Subject to Sauda rate today?
TechEra Engineering is Subject to Sauda rate today is ₹ 21,000 per application.
Final thoughts
TechEra Engineering IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
