Bookbuilding IPO | ₹36 Cr | Listed at NSE SME | Wed, Sep 25, 2024 - Fri, Sep 27, 2024
Techera Engineering IPO is a book build issue of ₹35.90 crores. The issue is entirely a fresh issue of 0.44 crore shares of ₹35.90 crore.
Techera Engineering IPO bidding started from Sep 25, 2024 and ended on Sep 27, 2024. The allotment for Techera Engineering IPO was finalized on Sep 30, 2024. The shares got listed on NSE SME on Oct 3, 2024.
Techera Engineering IPO price band is set at ₹82 per share. The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,31,200 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,62,400.
SKI Capital Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company areSKI Capital Services Ltd., ACME Capital Market Ltd..
Refer to Techera Engineering IPO RHP for detailed Information.
IPO Open
Wed, Sep 25, 2024
IPO Close
Fri, Sep 27, 2024
Issue Price
₹82 per share
Market Cap (Pre-IPO)
₹135.47 Cr
| IPO Date | 25 to 27 Sep, 2024 |
| Listed on | Thu, Oct 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹82 |
| Issue Price | ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 43,77,600 shares (agg. up to ₹36 Cr) |
| Reserved for Market Maker | 2,19,200 shares SKI Capital Services Ltd. (agg. up to ₹2 Cr) ACME Capital Market Ltd. |
| Fresh Issue (Ex Market Maker) | 41,58,400 shares (agg. up to ₹34 Cr) |
| Net Offered to Public | 41,58,400 shares (agg. up to ₹34 Cr) |
| Share Holding Pre Issue | 1,21,43,325 shares |
| Share Holding Post Issue | 1,65,20,925 shares |
| NSE Symbol | TECHERA |
| ISIN | INE0JQS01019 |
Techera Engineering IPO comprises a total issue size of 43,77,600 shares. The net offer to the public is 41,58,400 shares, after excluding 2,19,200 shares allotted on a firm basis. Of the Net offer 20,78,400 (49.98%) are allocated to QIB, 6,24,000 (15.01%) allocated to NII 14,56,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,78,400 | 49.98% | 47.48% |
| − Anchor Investor Shares Offered | 12,46,400 | 28.47% | |
| − QIB (Ex. Anchor) Shares Offered | 8,32,000 | 19.01% | |
| NII (HNI) Shares Offered | 6,24,000 | 15.01% | 14.25% |
| Retail Shares Offered | 14,56,000 | 35.01% | 33.26% |
| Firm Reservations | |||
| Market Maker Shares Offered | 2,19,200 | 5.01% | |
| Total Shares Offered | 43,77,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,31,200 |
| Retail (Max) | 1 | 1,600 | ₹1,31,200 |
| HNI (Min) | 2 | 3,200 | ₹2,62,400 |
Techera Engineering IPO raises ₹10.22 crore from anchor investors. Techera Engineering IPO Anchor bid date is September 24, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Sep 24, 2024 |
| Shares Offered | 12,46,400 |
| Anchor Portion (₹ Cr.) | 10.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Oct 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Dec 29, 2024 |
Incorporated in 2018, Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defence industries. The company also provides automation system solutions.
The company makes assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components. It uses advanced manufacturing technologies, such as 5-axis machining and 3D modelling, to meet the needs of its target sectors.
The company has been certified for ISO 9001:2015 and ISO 14001:2018, reflecting its adherence to quality management systems.
As of September 2024, the company employs 177 full-time qualified professionals.
Competitive Strength
Specialized Expertise: TechEra Engineering specializes in aerospace and defense manufacturing, focusing on assembly tooling, jigs, fixtures, and precision-machined components with a key emphasis on niche markets.
Technical Capabilities: The company has invested in advanced manufacturing technologies, including 5-axis machining and augmented reality/virtual reality for design visualization, to handle precise and complex projects.
Experienced Leadership: The management team, consisting of individuals with extensive experience in aerospace engineering and automation, provides strategic direction.
Recognitions and Certifications: Receipt of awards and certifications from reputable organizations demonstrates commitment to quality and excellence.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 37.24 | 39.21 | 21.36 |
| Total Income | 39.08 | 26.59 | 7.37 |
| Profit After Tax | 4.82 | 1.31 | -6.29 |
| NET Worth | 15.90 | 11.08 | 9.78 |
| Reserves and Surplus | 3.76 | -2.72 | -4.02 |
| Total Borrowing | 14.30 | 13.77 | 8.87 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the purchase of new machinery; | 20.00 |
| 2 | Funding working capital requirements of the Company; | 6.00 |
| 3 | Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company; | 5.00 |
| 4 | General corporate purposes; and | 2.57 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 30.33% |
| ROCE | 23..47% |
| Debt/Equity | 0.90 |
| RoNW | 30.33% |
| PAT Margin | 12.45% |
| Price to Book Value | 6.26 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.97 | 2.92 |
| P/E (x) | 20.65 | 28.09 |
| Promoter Holding | 57.48% | 42.25% |
| Market Cap | ₹135.47 Cr. |
The Techera Engineering IPO is subscribed 69.80 times on September 27, 2024 6:20:00 PM (Day 3). The public issue subscribed 66.52 times in the retail category, 31.22 times in the QIB category, and 128.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB (Ex Anchor) | 31.22 | 8,32,000 | 2,59,74,400 |
| NII* | 128.88 | 6,24,000 | 8,04,19,200 |
| Retail | 66.52 | 14,56,000 | 9,68,51,200 |
| Total | 69.80 | 29,12,000 | 20,32,44,800 |
Total Applications: 60,532
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission, advisors and other experts. | 1.80 |
| 2 | Brokerage, selling commission and upload fees. | 0.18 |
| 3 | Registrars to the Issue | 0.04 |
| 4 | Legal Advisors | 0.07 |
| 5 | Peer Review Auditor | 0.02 |
| 6 | Advertising and marketing expenses | 0.12 |
| 7 | Regulators including stock exchanges | 0.04 |
| 8 | Printing and distribution of issue stationary | 0.02 |
| 9 | Others, if any include Bankers to the Issue, Depository, certifications, miscellaneous, etc. | 0.05 |
| Price Details | NSE |
|---|---|
| Final Issue Price | ₹82.00 |
| Open | ₹125.00 |
| Low | ₹125.00 |
| High | ₹131.25 |
| Last Trade | ₹131.25 |
Lead Manager Reports
Techera Engineering IPO is a SME IPO of 43,77,600 equity shares of the face value of ₹10 aggregating up to ₹36 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 1600.
The IPO opens on Wed, Sep 25, 2024, and closes on Fri, Sep 27, 2024.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Techera Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Techera Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Techera Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Techera Engineering IPO opens on Wed, Sep 25, 2024 and closes on Fri, Sep 27, 2024.
Techera Engineering IPO lot size is 1600, and the minimum amount required for application is ₹1,31,200.
You can apply in Techera Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Techera Engineering IPO will be done on Monday, September 30, 2024, and the allotted shares will be credited to your demat account by Tue, Oct 1, 2024. Check the Techera Engineering IPO allotment status.
The Techera Engineering IPO listing date is on Thu, Oct 3, 2024.
