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.
TechEra Engineering IPO – Details
| IPO Opening Date | 25 September 2024 |
| IPO Closing Date | 27 September 2024 |
| Issue Type | Book Built Issue IPO |
| Issue Size | Total Issue Size: 43,77,600 Shares Worth ₹35.90 Crore Fresh Issue: 43,77,600 Shares Worth ₹35.90 Crore |
| Face Value | ₹10 per equity share |
| IPO Price | ₹75 – ₹82 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| Retail Shares Offered | 35% |
| NII (HNI) Shares Offered | 15% |
TechEra Engineering IPO – Date Schedule
| IPO Open Date | 25 September 2024 |
| IPO Close Date | 27 September 2024 |
| Basis of Allotment | 30 September 2024 |
| Initiation of Refund | 01 October 2024 |
| Credit of Shares to Demat Account | 01 October 2024 |
| IPO Listing Date | 03 October 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
TechEra Engineering IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹1,31,200 |
| Retail (Max) | 1 | 1600 | ₹1,31,200 |
| HNI (Min) | 2 | 3200 | ₹2,62,400 |
Competitive Strengths
- Strong partnerships, alliances and affiliations with nodal agencies in the area of defense, aerospace and automation;
- Robust systems and processes across all functions of the company;
- Strong technology backbone supported by a dedicated team of experienced professionals;
- Favorable micro and macro environment.
Company Promoters
- Nimesh Rameshchandra Desai
- Meet Nimesh Desai
- Kalpana Nimesh Desai
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2022 | 7.36 | 13.63 | 6.28 | 8.87 |
| 31 March 2023 | 26.59 | 25.24 | 1.30 | 13.77 |
| 31 March 2024 | 39.07 | 33.49 | 4.82 | 14.3 |
Key Performance Indicator
| 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 |
Object 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 Promoter Holding
| Pre Issue Share Holding | 57.48% |
| Post Issue Share Holding | – |
TechEra Engineering IPO Prospectus
Company Contact Information
| 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/ |
TechEra Engineering IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: teil.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
TechEra Engineering IPO Lead Manager(s)
| 1. SKI Capital Services Limited |
TechEra Engineering IPO FAQs
| What is TechEra Engineering IPO? TechEra Engineering IPO is a SME IPO. The issue is priced at ₹75 and ₹82 per equity share. The IPO is to be listed on NSE SME. |
| When TechEra Engineering IPO will open? The IPO is to open on 25 September 2024 for QIB, NII, and Retail Investors. |
| What is TechEra Engineering IPO Investors Portion? The investors’ portion for QIB- 50%, Retail – 35%, NII – 15%. |
| How to Apply the TechEra Engineering IPO? You can apply TechEra Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the TechEra Engineering IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “TechEra Engineering IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the TechEra Engineering IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “TechEra Engineering IPO“. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the TechEra Engineering IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “TechEra Engineering IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the TechEra Engineering IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “TechEra Engineering IPO”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is TechEra Engineering IPO Size? TechEra Engineering IPO size is ₹35.90 Crore. |
| What is TechEra Engineering IPO Price Band? TechEra Engineering IPO Price Band is ₹75 – ₹82. |
| What is TechEra Engineering IPO Minimum and Maximum Lot Size for Retail? The minimum bid is 1600 Shares with ₹1,31,200 amount while the maximum bid is 1600 Shares with ₹1,31,200. |
| What is the TechEra Engineering IPO Allotment Date? TechEra Engineering IPO allotment date is 30 September 2024. |
| What is the TechEra Engineering IPO Listing Date? TechEra Engineering IPO listing date is 03 October 2024. The IPO is to be listed on NSE SME. |
