TechEra Engineering India IPO
IPO Listing Details
- Listing Date
03 Oct 2024
- Listing Price
₹ 125.00
- Listing Change
66.67%
- Last Traded Price
₹ 185.05
IPO Details
- Open Date
25 Sep 2024
- Close Date
27 Sep 2024
- IPO Price Range
₹ 75
- IPO Size
₹ 32.83 - 35.90 Cr
- Listing Exchange
NSE SME
- Listing Date
03 Oct 2024
IPO Timeline
TechEra Engineering India IPO Subscription Status
Date | QIB | NII | Retail | TOTAL |
---|---|---|---|---|
25-Sep-24 | 0.00 | 2.35 | 2.86 | 1.96 |
26-Sep-24 | 0.27 | 6.88 | 13.26 | 8.18 |
27-Sep-24 | 31.22 | 128.88 | 66.52 | 69.80 |
Last Updated: 01 October 2024 9:40 AM by 5Paisa
TechEra Engineering IPO is set to open on 25 September 2024 and will close on 27 September 2024. TechEra Engineering designs, manufactures and provides specialized tools and components for the aerospace and defense industries.
The IPO includes a fresh issue of 43.78 lakh shares aggregating ₹35.90 Cr and it does not include offer for sale. The price range is set between ₹75 - ₹82 per share and the lot size is 1600 shares.
The allotment is scheduled to be finalized on 30 September 2024. It will go public on NSE SME, with a tentative listing date of 3 October 2024.
SKI Capital Services Limited is the book running lead manager, while Kfin Technologies Limited is the registrar.
TechEra IPO Size
Types | Size |
---|---|
Total IPO Size | ₹35.90 Cr |
Offer For Sale | - |
Fresh Issue | ₹35.90 Cr |
TechEra 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 IPO Reservation
Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
---|---|---|---|---|
QIB | 31.22 | 8,32,000 | 2,59,74,400 | 212.99 |
NII (HNI) | 128.88 | 6,24,000 | 8,04,19,200 | 659.44 |
Retail | 66.52 | 14,56,000 | 9,68,51,200 | 794.18 |
Total | 69.80 | 29,12,000 | 20,32,44,800 | 1,666.61 |
TechEra IPO Anchor Allocation
Anchor Bid Date | 24 September, 2024 |
Shares Offered | 1,246,400 |
Anchor portion Size (In ₹ Cr.) | 10.22 |
Anchor lock-in period end date for 50% shares (30 Days) | 30 October, 2024 |
Anchor lock-in period end date for remaining shares (90 Days) | 29 December, 2024 |
1. Purchase of new machinery
2. Funding working capital
3. Repayment of some outstanding borrowings
4. General corporate purposes
5. Covering issue expenses
Founded in 2018, TechEra Engineering (India) designs and manufactures precise tools and components for the aerospace and defense industries, along with offering automation system solutions. They produce assembly tools, jigs, fixtures, repair tools, ground support equipment and precision machined components using advanced technologies like 5-axis machining and 3D modeling. The company holds ISO 9001:2015 and ISO 14001:2018 certifications for quality standards. As of September 2024, TechEra employs 177 skilled professionals.
Peers
Paras Defence and Space Technologies Limited
Azad Engineering Limited
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Revenue | 39.08 | 26.59 | 7.37 |
EBITDA | 9.01 | 4.25 | -3.58 |
PAT | 4.82 | 1.31 | -6.29 |
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Total Assets | 37.24 | 39.21 | 21.36 |
Share Capital | 12.14 | 13.80 | 13.80 |
Total Borrowings | 14.3 | 13.77 | 8.87 |
Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
---|---|---|---|
Net Cash Generated From / (used in) operating activities | 4.04 | -1.18 | -6.95 |
Net Cash Generated From / (used in) investing activities | -3.16 | -6.63 | -2.12 |
Net Cash Generated From / (used in) financing activities | -0.92 | 3.95 | 12.83 |
Net Increase (Decrease) In Cash And Cash Equivalents | -9.76 | 3.86 | 3.75 |
Strengths
1. TechEra Engineering focuses on designing and manufacturing high precision tools and components specifically for the aerospace and defense industries.
2. The company utilizes cutting edge technologies like 5axis machining and 3D modeling to meet the exacting standards of its target sectors.
3. With ISO 9001:2015 and ISO 14001:2018 certifications, the company demonstrates a strong commitment to quality and environmental management, building trust with clients and stakeholders.
Risks
1. Rapid advancements in manufacturing technology could require continuous investment in upgrading equipment and skills, increasing operational costs and impacting margins.
2. The company's reliance on a few specialized sectors makes it vulnerable to downturns or changes in government defense spending and aerospace demand.
3. Operating in a niche market, Techera faces strong competition from both domestic and international players, which could affect its market share and profitability.
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FAQs
TechEra Engineering IPO opens from 25 September to 27 September 2024.
The size of the TechEra Engineering IPO is ₹35.90 Cr.
The price of the TechEra Engineering IPO is fixed between ₹75 -₹82 per share.
To apply for TechEra Engineering IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the TechEra Engineering IPO.
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of TechEra Engineering IPO is 1600 shares and the investment required is ₹1,20,000.
The share allotment date of TechEra Engineering IPO is 30 September 2024
The TechEra Engineering IPO will be listed on 3 October 2024.
SKI Capital Services Limited is the book running lead manager for TechEra Engineering IPO.
TechEra Engineering plans to utilize the raised capital from the IPO for:
1. Funding for new plant, machinery, and software
2. Renovation of office and manufacturing unit
3. Repayment of borrowings
4. Acquisitions for growth
5. General corporate purposes
Contact Information
TechEra Engineering India
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 India IPO Register
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: teil.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
TechEra Engineering India IPO Lead Manager
SKI Capital Services Limited
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