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TechEra Engineering India IPO

  • Status: Live
  • RHP:
  • ₹ 120,000 / 1600 shares

    Minimum Investment

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

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IPO Timeline

TechEra Engineering India IPO Subscription Status

Last Updated: 25 September 2024 11:39 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 0.00 8,32,000 0 0
NII (HNI) 0.41 8,43,200 3,47,200 2.847
Retail 0.60     14,56,000 8,78,400 7.203
Total 0.39 31,31,200 12,25,600 10.050

 

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
 

Profit and Loss

Balance Sheet

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