TechEra Engineering Limited IPO

NiftyTrader • September 20, 2024

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TechEra Engineering Limited IPO

TechEra Engineering Limited IPO opens on September 25, 2024, and closes on September 27, 2024. The allotment for the TechEra Engineering Limited IPO is expected to be finalized on Monday, September 30, 2024. TechEra Engineering IPO will be listed on NSE SME with a tentative listing date fixed as Thursday, October 3, 2024.

TechEra Engineering’s IPO price band is set at ₹75 to ₹82 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹131,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹262,400.

TechEra Engineering IPO is a book built issue of Rs 35.90 crores. The issue is entirely a fresh issue of 43.78 lakh shares.

TechEra Engineering IPO Details

IPO Date	September 25, 2024 to September 27, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹75 to ₹82 per share
Lot Size	1600 Shares
Total Issue Size	4,377,600 shares (aggregating up to ₹35.90 Cr)
Fresh Issue	4,377,600 shares (aggregating up to ₹35.90 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	12,143,325
Shareholding post-issue	16,520,925

TechEra Engineering IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The table below depicts the minimum and maximum investment by retail investors and HNI regarding shares and amounts.

Application	Lots	Shares	Amount
Retail (Min)	1	1600	₹131,200
Retail (Max)	1	1600	₹131,200
S-HNI (Min)	2	3200	₹262,400

TechEra Engineering IPO Objectives

The company proposes to utilize the Net Proceeds for the following objects:

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

About TechEra Engineering Limited

Incorporated in 2018, Techera Engineering (India) Limited specializes in designing, manufacturing, and supplying precision tooling and components for the aerospace and defense industries, along with providing automation system solutions. The company produces a range of products, including assembly tools, jigs, fixtures, and ground support equipment, utilizing advanced manufacturing technologies such as 5-axis machining and 3D modeling to cater to its specialized market. Certified in ISO 9001:2015 and ISO 14001:2018, Techera emphasizes quality management and environmental standards. As of September 2024, the company employs 177 qualified professionals, backed by a leadership team with significant aerospace engineering and automation expertise. Its competitive strengths include specialized technical capabilities for complex projects and a strong commitment to quality, as evidenced by various awards and certifications from reputable organizations.

TechEra Engineering LImited Financial Information

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	37.24	39.21	21.36
Revenue	39.08	26.59	7.37
Profit After Tax	4.82	1.31	-6.29
Net Worth	15.9	11.08	9.78
Reserves and Surplus	3.76	-2.72	-4.02
Total Borrowing	14.3	13.77	8.87
			Amount in ₹ Crore

TechEra Engineering IPO Reservation

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50.00% of the Net Issue
Retail Shares Offered	Not less than 35.00% of the Net Issue
NII (HNI) Shares Offered	Not more than 15% of the Net Issue

TechEra Engineering IPO Timeline

TechEra Engineering IPO opens on September 25, 2024, and closes on September 27, 2024.

IPO Open Date	Wednesday, September 25, 2024
IPO Close Date	Friday, September 27, 2024
Basis of Allotment	Monday, September 30, 2024
Initiation of Refunds	Tuesday, October 1, 2024
A credit of Shares to Demat	Tuesday, October 1, 2024
Listing Date	Thursday, October 3, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 27, 2024