TechEra Engineering IPO Details
| IPO Open Date: | September 25, 2024 |
| IPO Close Date: | September 27, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹75 to ₹82 Per Share |
| Issue Size: | Approx ₹35.90 Crores |
| Fresh Issue: | Approx ₹35.90 Crores |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
TechEra Engineering IPO IPO Market Lot
The TechEra Engineering IPO minimum market lot is 1600 shares with ₹131,200 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹131,200 |
| Retail Maximum | 1 | 1600 | ₹131,200 |
| HNI Minimum | 2 | 3200 | ₹262,400 |
TechEra Engineering IPO Dates
The TechEra Engineering IPO date is September 25 and the close date is September 27. The TechEra Engineering IPO allotment will be finalized on September 30 and the IPO listing on October 3.
| 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 |
Promoters of TechEra Engineering IPO
The promoters of the company are Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai.
About TechEra Engineering IPO
TechEra Engineering (India) Limited, established at Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Tal. Bhor, Pune, Maharashtra, India – 412205 in October 2018 engaged in the design, manufacture, and supply of precision tooling, components for the aerospace and defence industries, and automation system solutions. The company’s product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components. It utilizes advanced manufacturing technologies, such as 5-axis machining and 3-D modelling for design visualization, to meet the requirements of its target sectors. This market is globally distributed, with major hubs in North America, Europe, Asia-Pacific, and other regions, reflecting the international demand for aerospace and defence products and services. The company’s focus on advanced manufacturing technologies and engineering services places it at the intersection of traditional manufacturing excellence and cutting-edge technological innovation.
TechEra Engineering IPO Company Financial Report
The company reported revenue of ₹39.08 crores in 2024 against ₹26.59 crores in 2023. The company reported a profit of ₹4.82 crores in 2024 against a profit of ₹1.31 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹7.37 | ₹13.64 | ₹6.29 | ₹21.36 |
| 2023 | ₹26.59 | ₹25.25 | ₹1.31 | ₹39.21 |
| 2024 | ₹39.08 | ₹33.50 | ₹4.82 | ₹37.24 |
TechEra Engineering IPO Valuation – FY2024
Check TechEra Engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 30.33% |
| ROCE: | 23.47% |
| EBITDA Margin: | 23.26% |
| PAT Margin: | 12.45% |
| Debt to equity ratio: | 0.90 |
| Earning Per Share (EPS): | ₹4.14 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 30.33% |
| Net Asset Value (NAV): | ₹13.09 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Paras Defence and Space Technologies Ltd | 8.22 | 140.51 | 6.75% | 114.01 | 261.77 Cr. |
| Azad Engineering Ltd | 11.2 | 141.25 | 9.08% | 109.12 | 372.76 Cr. |
Objects of the Issue
- Funding capital expenditure for the purchase of new machinery
- Funding working capital requirements of the Company
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
- General corporate purposes
- Issue expenses
TechEra Engineering IPO Review
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TechEra Engineering IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
IPO Lead Managers aka Merchant Bankers
- SKI Capital Services Limited
Company Address
TechEra Engineering Limited
Gat No. 565,
Behind Namo Marble & Timbers At Post Velu
Tal. Bhor, Pune-412205
Phone: +91 8605016251
Email: [email protected]
Website: https://techera.co.in/
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Note: The TechEra Engineering IPO price band and date are officially announced. The (TechEra Engineering IPO grey market premium) will be added to the IPO GMP page as it will start).
