September 25, 2024 - September 27, 2024

TechEra Engineering IPO Subscription Details

TechEra Engineering IPO Subscription Status Live

TechEra Engineering IPO subscribed 69.80 times. The public issue subscribed 66.52 times in the retail category, 31.22 times in QIB, and 128.88 times in the NII category by September 27, 2024 (Day 3).

Investor Category	Subscription (times)	Shares Offered	Shares Bid for	Total Amount (Rs Cr.)*
Qualified Institutions	31.22	832,000	2,59,74,400	212.99
Non-Institutional Buyers*	128.88	843,200	8,04,19,200	659.44
Retail Investors	66.52	1,456,000	9,68,51,200	794.18
Employees	[.]	0	0	0
Others	[.]	0	0	0
Total *	69.80	3,131,200	20,32,44,800	1,666.61

Total Application : 60,532 (66.52 times)

Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.

* Market Maker portion of 219,200 equity shares not included.

TechEra Engineering IPO (Day-wise) Subscription Details (times)

Date	QIB	NII*	Retail	Total
Day 1 September 25, 2024	0.00	2.41	3.13	2.10
Day 2 September 26, 2024	0.27	6.92	13.56	8.34
Day 3 September 27, 2024	31.22	128.88	66.52	69.80

TechEra Engineering IPO Shares Offered

TechEra Engineering IPO is a public issue of 4,596,800 equity shares. The issue offers 1,456,000 shares to retail investors, 832,000 shares to qualified institutional buyers, and 843,200 shares to non-institutional investors.

Category	Shares Offered	Amount (Rs Cr)	Size (%)
Anchor Investor	1,246,400	10.22	27.11%
Market Maker	219,200	1.80	4.77%
QIB	832,000	6.82	18.10%
NII*	843,200	6.91	18.34%
Retail	1,456,000	11.94	31.67%
Total	4,596,800	37.69	100%

TechEra Engineering IPO Anchor Investor Allocation

A total of 12,46,400 shares at a price of Rs 0 per share will be allotted to the anchor investors.

S.No.	Name of Anchor Investor	No. of Shares Allocated	Bid Price Per Share (Rs.)	Anchor Investor Portion (%)	Total Amount Allocated (Rs.)
1	Maharashtra Defense and Aerospace Venture Fund	2,32,000	82	18.61	1,90,24,000
2	Nav Capital VCC	1,64,800	82	13.22	1,35,13,600
3	Vikasa India EIF (Incube Global Opportunities)	1,64,800	82	13.22	1,35,13,600
4	Ashika Global Securities Private Limited	1,64,800	82	13.22	1,35,13,600
5	J4S Venture Fund	1,50,400	82	12.07	1,23,32,800
6	Moneywise Financial Services Pvt. Ltd.	1,23,200	82	9.88	1,01,02,400
7	Tryrock Capital Trust	1,23,200	82	9.88	1,01,02,400
8	Paradise Moon Investment Fund I	1,23,200	82	9.88	1,01,02,400
		12,46,400		100	10,22,04,800

IPO Investor Categories

Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Non-Institutional Investors(NII)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
1. sNII (bids below Rs 10L)
  The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
2. bNII (bids above Rs 10L)
  The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
Retail Individual Investors(RII)
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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TechEra Engineering IPO Subscription FAQs

The TechEra Engineering IPO is subscribed 69.80 by September 27, 2024.