The TechEra Engineering IPO is set to open on September 25, 2024, and will close on September 27, 2024. This IPO is structured as a Book Built Issue, with the company aiming to raise approximately ₹35.90 crores. Notably, this total includes a fresh issue of ₹35.90 crores, along with an offer for sale of up to [.] equity shares, each having a face value of ₹10. Through this initiative, TechEra seeks to strengthen its financial foundation and enhance its market presence.
Table of contents
- TechEra Engineering IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- TechEra Engineering IPO GMP (Grey Market Premium)
- TechEra Engineering IPO Application Form PDF
- TechEra Engineering IPO Subscription Status
- TechEra Engineering IPO Allotment Status
- IPO Review
- TechEra Engineering IPO Registrar
- TechEra Engineering IPO Lead Manager
- TechEra Engineering Limited Contact
- FAQs
TechEra Engineering IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | TechEra Engineering LImited |
| Industry | Engineering and Manufacturing |
| IPO Issue Type | Book Built Issue |
| Open Date | September 25, 2024 |
| Close Date | September 29, 2024 |
| Total Issue Size | ₹35.90 Crores (4,377,600 Equity Shares) |
| Fresh Issue | ₹35.90 Crores (4,377,600 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹75 to ₹82 per share |
| Listing on | NSE SME |
| Lot Size | 1600 Shares |
| Offer for Sale | NA |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
TechEra Engineering (India) Limited was established in October 2018 and is located at Gat No. 565, Behind Namo Marble & Timbers, At Post Velu, Tal. Bhor, Pune, Maharashtra, India – 412205. The company specializes in the design, manufacture, and supply of precision tooling and components specifically for the aerospace and defense industries, as well as automation system solutions.
In terms of its product portfolio, TechEra offers assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components. To effectively meet the needs of its target sectors, the company employs advanced manufacturing technologies, such as 5-axis machining and 3D modeling for design visualization.
Moreover, TechEra has a global market presence, serving major hubs in North America, Europe, Asia-Pacific, and beyond, which highlights the international demand for aerospace and defense products and services. By focusing on cutting-edge manufacturing technologies and engineering services, TechEra positions itself at the forefront of both traditional manufacturing excellence and modern technological innovation.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 25, 2024 |
| IPO Close Date | September 27, 2024 |
| Basis of Allotment | September 30, 2024 |
| Refunds | October 1, 2024 |
| Credit to Demat Account | October 1, 2024 |
| IPO Listing Date | October 3, 2024 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹1,885.71 | ₹1,617.46 | ₹1,264.89 |
| Revenue | ₹7,394.46 | ₹8,335.87 | ₹5,793.32 |
| Profit After Tax | ₹236.7 | ₹50.09 | ₹13.66 |
| Net Worth | ₹1,081.58 | ₹441.94 | ₹391.65 |
| Reserves and Surplus | ₹271.46 | ₹339.7 | ₹289.61 |
| Total Borrowing | ₹461.38 | ₹861.79 | ₹260.57 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3200 | ₹262,400 |
The objective of the Issue
- First, financing capital expenditures for acquiring new machinery.
- Additionally, supporting the company’s working capital needs.
- Furthermore, prepaying or repaying a portion of certain outstanding borrowings.
- Moreover, addressing general corporate purposes.
- Lastly, covering issue-related expenses.
Company Promoters
- Mr. Nimesh Rameshchandra Desai
- Mr. Meet Nimesh Desai
- Mrs. Kalpana Nimesh Desai
TechEra Engineering IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the TechEra Engineering IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including TechEra Engineering Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
TechEra Engineering IPO Application Form PDF
To download the TechEra Engineering IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
TechEra Engineering IPO Subscription Status
This IPO subscription kicks off on September 25, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
TechEra Engineering IPO Allotment Status
To check the TechEra Engineering IPO allotment status go to the IPO registrar website Kfintech or go to IPO Allotment.
Furthermore, To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- The company has established strong partnerships, alliances, and affiliations with key agencies in the defense, aerospace, and automation sectors, which enhances its credibility.
- Furthermore, it maintains robust systems and processes across all functions, ensuring operational efficiency.
- In addition, the technology backbone is strong, supported by a dedicated team of experienced professionals.
- Moreover, the company benefits from a favorable micro and macroeconomic environment, positioning it for growth.
Risks:
- However, the business heavily relies on sales to key customers, meaning the loss of any significant customer could adversely impact its operations, financial condition, cash flows, and future prospects.
- Additionally, there is a high dependency on a single manufacturing facility for all revenue generation. Any disruption, breakdown, or shutdown at this facility may negatively affect the company’s business and financial health.
- Furthermore, material adjustments have been noted in the financial statements by the company’s independent peer-reviewed auditors.
- Moreover, the company has faced delays in paying government and statutory dues, resulting in penalties.
- Lastly, noncompliance with certain statutory provisions of the Companies Act and associated rules may lead to penalties and actions against the company and its directors, potentially impacting its financial standing.
TechEra Engineering IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222/ 79611000
E-mail: teil.ipo@kfintech.com
Website: www.kfintech.com
TechEra Engineering IPO Lead Manager
SKI CAPITAL SERVICES LIMITED
718, Dr Joshi Road,
Karol Bagh, New Delhi- 110005
Phone: +91-011-41189899/ +91 78400-22233
Email: tel@skicapital.net
Website: www.skicapital.net
TechEra Engineering Limited Contact
TECHERA ENGINEERING INDIA LIMITED
Gat No. 565, Behind Namo Marble & Timbers At Post Velu,
Tal. Bhor, Pune, Maharashtra, India – 412205
Phone: +91 8605016251
E-mail: cs@techera.co.in
Website: www.techera.co.in
FAQs
You can apply for the TechEra Engineering IPO through ASBA online using your bank account. Alternatively, you can use UPI to apply online via your stockbroker. If you prefer, you can also fill out an offline form through your stockbroker to submit your application.
The issue size of the TechEra Engineering IPO is ₹35.90 crores.
The price band for TechEra Engineering’s IPO ranges from ₹75 to ₹82.
The minimum bid consists of 1,600 shares, amounting to ₹131,200.
The allotment date for the TechEra Engineering IPO is scheduled for September 30, 2024.
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