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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 ₹82.00 per share . The lot size for an application is 1,600. The minimum amount of investment required by an retail is ₹1,20,000 (1600 shares). The minimum lot size investment for 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 Date | September 25, 2024 to September 27, 2024 |
| Listing Date | October 3, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹75 to ₹82 per share |
| Issue Price Final | ₹82 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 43,77,600 shares (aggregating up to ₹35.90 Cr) |
| Reserved for Market Maker | 2,19,200 shares SKI Capital Services Ltd. (aggregating up to ₹1.80 Cr) ACME Capital Market Ltd. |
| Net Offered to Public | 41,58,400 shares (aggregating up to ₹34.10 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,21,43,325 shares |
| Share Holding Post Issue | 1,65,20,925 shares |
TechEra Engineering IPO offers total 43,77,600 shares. Out of which 20,78,400 (47.48%) allocated to QIB, 8,32,000 (19.01%) allocated to QIB, 6,24,000 (14.25%) allocated to NII, 14,56,000 (33.26%) allocated to RII and 12,46,400 (28.47%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 2,19,200 (5.01%) |
| QIB Shares Offered | 20,78,400 (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 (14.25%) |
| Retail Shares Offered | 14,56,000 (33.26%) |
| Total Shares Offered | 43,77,600 (100.00%) |
Techera Engineering IPO raises ₹10.22 crore from anchor investors. Techera Engineering IPO Anchor bid date is September 24, 2024. Techera Engineering IPO Anchor Investors list
| Bid Date | September 24, 2024 |
| Shares Offered | 12,46,400 |
| Anchor Portion Size (In Cr.) | 10.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 29, 2024 |
Techera Engineering IPO opens on September 25, 2024, and closes on September 27, 2024.
| IPO Open Date | Wed, Sep 25, 2024 |
| IPO Close Date | Fri, Sep 27, 2024 |
| Tentative Allotment | Mon, Sep 30, 2024 |
| Initiation of Refunds | Tue, Oct 1, 2024 |
| Credit of Shares to Demat | Tue, Oct 1, 2024 |
| Tentative Listing Date | Thu, Oct 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Sep 27, 2024 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.
| 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 | 15.9 | 11.08 | 9.78 |
| Reserves and Surplus | 3.76 | -2.72 | -4.02 |
| Total Borrowing | 14.3 | 13.77 | 8.87 |
| Amount in ₹ Crore | |||
The market capitalization of Techera Engineering IPO is ₹135.47 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| 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 Rs | 3.97 | 2.92 |
| P/E (x) | 20.65 | 28.09 |
The company proposes to utilize the Net Proceeds for the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing and supplying critical components and tools for aerospace and defence sector. It has also done better on MRO front. The offer document has some anomalies and the IPO ad has some info missing. Based on FY24 earnings, the issue appears fully priced. Well-informed investors may park moderate funds for medium term. Read detail review...
| Listing Date | October 3, 2024 |
| BSE Script Code | |
| NSE Symbol | TECHERA |
| ISIN | INE0JQS01019 |
| Final Issue Price | ₹82 per share |
| NSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹82.00 |
| Open | ₹125.00 |
| Low | ₹125.00 |
| High | ₹131.25 |
| Last Trade | ₹131.25 |
Techera Engineering (India) Ltd.
Gat No. 565,
Behind Namo Marble & Timbers At Post Velu
Tal. Bhor
Pune, Maharashtra, 412205
Phone: +91 8605016251
Email: cs@techera.co.in
Website: https://techera.co.in/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: teil.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
Techera Engineering IPO is a SME IPO of 43,77,600 equity shares of the face value of ₹10 aggregating up to ₹35.90 Crores. The issue is priced at ₹82 per share. The minimum order quantity is 1600.
The IPO opens on September 25, 2024, and closes on September 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 September 25, 2024 and closes on September 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 Tuesday, October 1, 2024. Check the Techera Engineering IPO allotment status.
The Techera Engineering IPO listing date is on Thursday, October 3, 2024.
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