TechEra Engineering IPO Allotment Status

Summary

TechEra Engineering IPO has received a strong response from investors, closing with a subscription of 69.80 times by 27th September 2024 at 6:02:00 PM (Day 3). The public issue witnessed substantial demand across all investor categories. The Non-Institutional Investors (NII) category led the charge with a subscription of 128.88 times. The Retail Investors segment was subscribed 66.52 times.

The Qualified Institutional Buyers (QIB) portion demonstrated good engagement, subscribing 31.22 times. The Anchor Investors and Market Maker portions were fully subscribed. This strong response across all categories underscores the positive market sentiment towards TechEra Engineering's offering and suggests optimistic investor expectations for the company's future performance.

How to Check TechEra Engineering IPO Allotment Status:

How do you Check TechEra Engineering IPO Allotment Status on the Registrar's Site?

Step 1: Visit the web portal of Kfin Technologies Limited (https://ris.kfintech.com/ipostatus/)

Step 2: From the selection menu, choose TechEra Engineering IPO.

Step 3: Pick a mode from the following three: PAN ID, Demat Account number, or Application number

Step 4: Choose "Application Type," then "ASBA" or "non-ASBA."

Step 5: Enter the information relevant to the mode you have chosen.

Step 6: For security reasons, please fill out the captcha accurately.

Step 7: Click "Submit."

How to Check TechEra Engineering IPO Allotment Status on BSE?

On the website of the Bombay Stock Exchange (BSE), investors who placed a bid for the TechEra Engineering IPO can monitor the allotment status:

Step 1: Click on this link: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Click on "Issue Type" and choose "Equity."

Step 3: Choose "TechEra Engineering Limited" from the dropdown menu under "Issue Name."

Step 4: Enter your application number.

Step 5: Give the PAN ID.

Step 6: Select 'I am not a robot' and press the search button.

How to Check IPO Allotment Status in a Bank Account?

Log into your Internet Banking: Go to your bank's website or mobile app and log in.

Explore IPO Section: Locate the "IPO Services" or "Application Status" sections by going to the IPO Section. You can find this under the investing or services tab.

Offer Required Information: You might be asked to provide information like your PAN, application number, or other identifiers.

Verify Allotment Status: Once you submit your information, an IPO allotment status indicating the available allocation shares should appear.

Verify Status: To ensure accuracy, you can verify the status with the IPO Registrar or use other resources.

How to Check IPO Allotment Status in a Demat Account? 

Open Your Demat Account and Log in: To access your Demat account, use the mobile app or website of your Depository Participant (DP).

Find IPO Section: Look for the section titled "IPO" or "Portfolio." Search for any services or entries connected to the IPO.

Verify IPO Allotment Status: Look through the IPO section to see if the shares you were given are visible in your Demat account. This section often displays the status of your IPO application.

Verify with Registrar: If the IPO shares are inaccessible, visit the Registrar's website and enter your application data to verify allocation.

Contact DP service if Needed: If there are any discrepancies or problems, contact your DP's customer service.

TechEra Engineering IPO Timeline:

TechEra Engineering IPO Subscription Status

TechEra Engineering IPO received 69.80 subscriptions. By 27th September 2024 at 6:02:00 PM (Day 3), the public issue had been subscribed 66.52 times in the retail category, 31.22 times in the QIB category, and 128.88 times in the NII category.

Subscription Day 3 (as of 6:02:00 PM)
Total Subscription: 69.80 times
QIB: 31.22 times
NII: 128.88 times
Retail investors: 66.52 times

Subscription Day 2
Total Subscription: 8.34 times
QIB: 0.27 times
NII: 6.92 times
Retail investors: 13.56 times

Subscription Day 1
Total Subscription: 2.10 times
QIB: 0.00 times
NII: 2.41 times
Retail investors: 3.13 times

TechEra Engineering IPO Details 

TechEra Engineering's initial public offering (IPO) is a book-built issue amounting to ₹35.90 crores. This offering consists of a fresh issue of 43.78 lakh shares.

The bidding process for the TechEra Engineering IPO commenced on 25th September 2024 and concluded on 27th September 2024. The allotment results for this IPO are anticipated to be finalised on 30th September 2024. Furthermore, the shares of TechEra Engineering are set to be listed on the NSE SME, with a provisional listing date scheduled for 3rd October 2024.

The TechEra Engineering IPO price band has been established between ₹75 and ₹82 per share. Investors must apply for a minimum lot size of 1600 shares, which requires a minimum investment of ₹131,200 for retail investors. For non-institutional investors (NII), the minimum investment consists of 2 lots (3,200 shares), totalling ₹262,400.

SKI Capital Services Limited serves as the book running lead manager for the TechEra Engineering IPO. Kfin Technologies Limited is designated as the registrar for this offering.