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TechEra Engineering IPO is a book built issue of Rs 35.90 crores. The issue is entirely a fresh issue of 43.78 lakh shares.
TechEra Engineering IPO is open for subscription on September 25, 2024 and close today September 27, 2024. The allotment for the TechEra Engineering IPO is expected to be finalized on Monday, September 30, 2024. TechEra Engineering IPO will list on NSE SME with tentative listing date fixed as Thursday, October 3, 2024.
TechEra Engineering IPO price band is set at ₹75 to ₹82 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹131,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹262,400.
SKI Capital Services Limited is the book running lead manager of the TechEra Engineering IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for TechEra Engineering IPO are SKI Capital Services and Acme Capital Market.
Refer to TechEra Engineering IPO RHP for detailed information.
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹82 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,377,600 shares (aggregating up to ₹35.90 Cr) |
| Fresh Issue | 4,377,600 shares (aggregating up to ₹35.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,143,325 |
| Share holding post issue | 16,520,925 |
| Market Maker portion | 219,200 shares SKI Capital Services Acme Capital Market |
TechEra Engineering IPO offers 43,77,600 shares. 8,32,000 (19.01%) to QIB, 6,24,000 (14.25%) to NII, 14,56,000 (33.26%) to RII and 12,46,400 (28.47%) to Anchor investors.
| 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 IPO raises Rs 10.22 crore from anchor investors. TechEra Engineering IPO Anchor bid date is September 24, 2024. TechEra Engineering IPO Anchor Investors list
| Bid Date | September 24, 2024 |
| Shares Offered | 1,246,400 |
| Anchor Portion Size (In Cr.) | 10.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 29, 2024 |
TechEra Engineering IPO opens on September 25, 2024, and closes on September 27, 2024.
| IPO Open Date | Wednesday, September 25, 2024 |
| IPO Close Date | Friday, September 27, 2024 |
| Basis of Allotment | Monday, September 30, 2024 |
| Initiation of Refunds | Tuesday, October 1, 2024 |
| Credit of Shares to Demat | Tuesday, October 1, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below 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 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
| Lot Size Calculator | |||
The company's promoters are Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai.
| Share Holding Pre Issue | 57.48% |
| Share Holding Post Issue |
Incorporated in 2018, Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defence 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 modelling, to meet the needs of its target sectors.
The company has been certified for ISO 9001:2015 and ISO 14001:2018, reflecting its adherence to quality management systems.
As of September 2024, the company employs 177 full-time qualified professionals.
Competitive Strength
Specialized Expertise: TechEra Engineering specializes in aerospace and defense manufacturing, focusing on assembly tooling, jigs, fixtures, and precision-machined components with a key emphasis on niche markets.
Technical Capabilities: The company has invested in advanced manufacturing technologies, including 5-axis machining and augmented reality/virtual reality for design visualization, to handle precise and complex projects.
Experienced Leadership: The management team, consisting of individuals with extensive experience in aerospace engineering and automation, provides strategic direction.
Recognitions and Certifications: Receipt of awards and certifications from reputable organizations demonstrates commitment to quality and excellence.
TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| 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 and Surplus | 3.76 | -2.72 | -4.02 | |||||||||||||||||||||||||||
| Total Borrowing | 14.3 | 13.77 | 8.87 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The market capitalization of TechEra Engineering IPO is Rs 135.47 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 30.33% |
| ROCE | 23..47% |
| Debt/Equity | 0.9 |
| RoNW | 30.33% |
| P/BV | 6.26 |
| PAT Margin (%) | 12.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.97 | 2.92 |
| P/E (x) | 20.65 | 28.09 |
The company proposes to utilize the Net Proceeds for the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing and supplying critical components and tools for aerospace and defence sector. It has also done better on MRO front. The offer document has some anomalies and the IPO ad has some info missing. Based on FY24 earnings, the issue appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review...
The TechEra Engineering IPO is subscribed 8.34 times on September 26, 2024 7:30:00 PM. The public issue subscribed 13.56 times in the retail category, 0.27 times in the QIB category, and 6.92 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.27 |
| NII | 6.92 |
| Retail | 13.56 |
| Total | 8.34 |
Total Application : 12,342 (13.56 times)
TechEra Engineering LImited
Gat No. 565,
Behind Namo Marble & Timbers At Post Velu
Tal. Bhor, Pune-412205
Phone: +91 8605016251
Email: cs@techera.co.in
Website: https://techera.co.in/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: teil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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TechEra Engineering IPO is a SME IPO of 4,377,600 equity shares of the face value of ₹10 aggregating up to ₹35.90 Crores. The issue is priced at ₹75 to ₹82 per share. The minimum order quantity is 1600 Shares.
The IPO opens on September 25, 2024, and closes on September 27, 2024.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in TechEra Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in TechEra Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in TechEra Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The TechEra Engineering IPO opens on September 25, 2024 and closes on September 27, 2024.
TechEra Engineering IPO lot size is 1600 Shares, and the minimum amount required is ₹131,200.
You can apply in TechEra Engineering IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for TechEra Engineering IPO will be done on Monday, September 30, 2024, and the allotted shares will be credited to your demat account by Tuesday, October 1, 2024. Check the TechEra Engineering IPO allotment status.
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