TechEra Engineering IPO Date, Review, Price, Allotment Details

TechEra Engineering IPO open date is September 25, 2024 and the IPO will close on September 27, 2024. TechEra Engineering IPO is a Book Built Issue. The company to raise around ₹35.90 crores via IPO that comprises fresh issue of ₹35.90 crores and offer for sale up to [.] equity shares with face value of ₹10 each.

TechEra Engineering IPO price band is ₹75 to ₹82 per share. The retail quota is 35%, QIB is 50%, and HNI is 15%. TechEra Engineering IPO to list on NSE on October 3, 2024. The allotment of TechEra Engineering IPO date is September 30, 2024.

The company reported revenue of ₹39.08 crores in 2024 against ₹26.59 crore in 2023. The company reported profit of ₹4.82 crores in 2024 against profit of ₹1.31 crores in 2023. As per the financials the IPO investors should apply the IPO for a long term.

TechEra Engineering IPO

Table of Contents


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.

ApplicationLot SizeSharesAmount
Retail Minimum11600₹131,200
Retail Maximum11600₹131,200
HNI Minimum23200₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
Paras Defence and Space Technologies
Ltd
8.22140.516.75%114.01261.77 Cr.
Azad Engineering Ltd11.2141.259.08%109.12372.76 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/

TechEra Engineering IPO FAQs

What is TechEra Engineering IPO?

TechEra Engineering IPO is a SME IPO. The company is going to raise ₹35.90 Crores via IPO. The issue is priced at ₹75 to ₹82 pr equity share. The IPO is to be listed on NSE.

When TechEra Engineering IPO will open for subscription?

The IPO is to open on September 25, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 27, 2024.

What is TechEra Engineering IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the TechEra Engineering IPO?

You can apply for TechEra Engineering IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is TechEra Engineering IPO Issue Size?

TechEra Engineering IPO issue size is ₹35.90 crores.

What is TechEra Engineering IPO Price Band?

TechEra Engineering IPO Price Band is ₹75 to ₹82.

What is TechEra Engineering IPO Lot Size?

The minimum bid is 1600 Shares with ₹131,200 amount.

What is the TechEra Engineering IPO Allotment Date?

TechEra Engineering IPO allotment date is September 30, 2024.

What is the TechEra Engineering IPO Listing Date?

TechEra Engineering IPO listing date is October 3, 2024. The IPO is to list on NSE.

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).
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