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

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.

TechEra Engineering IPO Objectives

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

1. Funding capital expenditure for the purchase of new machinery 
2. Funding working capital requirements of the Company
3. Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company 
4. General corporate purposes
5. 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

TechEra Engineering IPO Reservation

TechEra Engineering IPO Timeline

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