TechEra Engineering IPO subscription status commenced on Wednesday, September 25, 2024, and will continue until its closing date on September 27, 2024. The company aims to raise approximately ₹35.90 crores through this offering. Additionally, the allocation breakdown includes 35% for retail investors, while 50% is reserved for Qualified Institutional Buyers (QIB), and 15% is designated for Non-Institutional Investors (NII). Moreover, the price range for the equity shares has been set between ₹75 and ₹82.
The IPO consists of a minimum market lot of 1600 Shares requiring an application amount of ₹131,200. TechEra Engineering is an SME IPO that will be listed on the NSE.
Also read: TechEra Engineering IPO: Dates, Pricing and Allotment 2024
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About Company
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.
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We recommend that investors consider applying for the IPO with a long-term perspective. Moreover, it is essential for investors to review the QIB, NII, and retail numbers before making an investment.
TechEra Engineering IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 0.27 | 31.22 |
| NII | 2.35 | 6.88 | 128.88 |
| RII | 2.95 | 13.35 | 66.52 |
| Total | 2.00 | 8.23 | 69.80 |
TechEra Engineering IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
IPOGMP.IN Review for TechEra Engineering
- May Apply
TechEra Engineering IPO Form
To apply for the TechEra Engineering IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription opens on September 25, 2024, for QIB, NII, and Retail Investors.
You can subscribe using ASBA or non-ASBA options. Simply apply online via ASBA through your bank account, or download and submit the form to your broker or bank.
For live updates, visit our portal where we provide hourly updates from official sources. You can also check the IPO page on official websites.
Firstly, Log into Zerodha’s Console, go to Portfolio, and select IPO. Choose “TechEra Engineering,” enter your UPI ID, quantity, and price, then submit. Approve the mandate in your UPI app.
Firstly, Log into Upstox, select the IPO, choose “TechEra Engineering,” and confirm your application. Then, approve the mandate via your UPI app.
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