TechEra Engineering IPO Details: TechEra Engineering IPO is set to open on September 25, 2024, and will close on September 27, 2024. This is a Book Built Issue IPO through which the company aims to raise approximately ₹35.90 crores. The offering includes a fresh issue of ₹35.90 crores, along with an offer for sale of [.] equity shares, each with a face value of ₹10.
The IPO price band has been set between ₹75 and ₹82 per share. The retail investor quota is 35%, with 50% allocated to Qualified Institutional Buyers (QIBs) and 15% to High Net Worth Individuals (HNIs). TechEra Engineering is expected to list on the NSE on October 3, 2024, with the allotment date scheduled for September 30, 2024.
In terms of financial performance, TechEra Engineering reported a revenue of ₹39.08 crores in 2024, up from ₹26.59 crores in 2023. The company also saw a significant increase in profit, reporting ₹4.82 crores in 2024 compared to ₹1.31 crores in 2023. Given the company’s strong financials, this IPO presents a promising long-term investment opportunity.
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
TechEra Engineering IPO Review (Apply or Not)
- Update soon
TechEra Engineering IPO Date & Price Band 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 Lot Size:
The minimum market lot for the TechEra Engineering IPO is set at 1,600 shares, requiring an application amount of ₹131,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹131,200 |
| Retail Maximum | 1 | 1600 | ₹131,200 |
| HNI Minimum | 2 | 3200 | ₹262,400 |
TechEra Engineering IPO Timeline:
The TechEra Engineering IPO opens on September 25 and closes on September 27. The allotment of shares will be finalized on September 30, with the IPO listing scheduled for 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 |
TechEra Engineering IPO GMP Today:
The latest Grey Market Premium (GMP) for the TechEra Engineering SME IPO is ₹10. With a price band of ₹82, the estimated listing price is ₹92 (cap price plus today’s GMP). This suggests an expected gain of 12.20% per share.
Promoters of TechEra Engineering IPO
The company is promoted by Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai.
About TechEra Engineering IPO
Founded in October 2018, TechEra Engineering (India) Limited is located at Gat No. 565, Behind Namo Marble & Timbers, At Post Velu, Tal. Bhor, Pune, Maharashtra, India – 412205. The company specializes in the design, manufacture, and supply of precision tooling and components for the aerospace and defense industries, as well as providing automation system solutions.
TechEra Engineering’s product offerings include assembly tooling, jigs, fixtures, maintenance, repair, and overhaul (MRO) tooling, ground support equipment, and precision-machined components. The company leverages advanced manufacturing technologies such as 5-axis machining and 3D modeling for design visualization, enabling it to meet the stringent demands of its target sectors.
Serving a global market with key hubs in North America, Europe, Asia-Pacific, and beyond, TechEra Engineering is positioned at the forefront of both traditional manufacturing excellence and cutting-edge technological innovation, catering to the international demand for aerospace and defense products and services.
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 Ended | Revenue | Expense | Profit After Tax | Assets |
| 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.
| KPI | Values |
| 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
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Paras Defence and Space Technologies Ltd | 8.22 | 140.51 | 6.75% | 114.01 | 261.77 Cr. |
| Azad Engineering Ltd | 11.2 | 141.25 | 9.08% | 109.12 | 372.76 Cr. |
TechEra Engineering IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: teil.ipo@kfintech.com
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: cs@techera.co.in
Website: https://techera.co.in/
TechEra Engineering IPO FAQs
1. When does the TechEra Engineering IPO open and close?
The TechEra Engineering IPO opens on September 25, 2024, and closes on September 27, 2024.
2. What is the price band for the TechEra Engineering IPO?
The price band for the TechEra Engineering IPO is set between ₹75 and ₹82 per share.
3. How much is the company aiming to raise through this IPO?
TechEra Engineering is looking to raise approximately ₹35.90 crores through this IPO.
4. What is the minimum investment required for the TechEra Engineering IPO?
The minimum investment required is ₹131,200 for 1,600 shares.
5. What is the Grey Market Premium (GMP) for the TechEra Engineering IPO?
As of September 20, 2024, the latest GMP for the TechEra Engineering IPO is ₹10.
6. When will the allotment of shares be finalized?
The allotment of shares will be finalized on September 30, 2024.
7. When is the TechEra Engineering IPO expected to list on the stock exchange?
The IPO is expected to list on the NSE on October 3, 2024.
8. Who are the promoters of TechEra Engineering?
The company is promoted by Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai.
9. What does TechEra Engineering do?
TechEra Engineering (India) Limited specializes in the design, manufacture, and supply of precision tooling and components for the aerospace and defense industries. They also offer automation system solutions, utilizing advanced manufacturing technologies such as 5-axis machining and 3D modeling.
10. Is TechEra Engineering’s market primarily domestic or global?
TechEra Engineering serves a global market, with key hubs in North America, Europe, Asia-Pacific, and other regions, catering to the international demand for aerospace and defense products and services.
11. How has the company performed financially in recent years?
In 2024, TechEra Engineering reported a revenue of ₹39.08 crores and a profit of ₹4.82 crores, showing significant growth from 2023 when the company reported a revenue of ₹26.59 crores and a profit of ₹1.31 crores.
12. What is the estimated listing price based on the current GMP?
Based on the latest GMP of ₹10 and the cap price of ₹82, the estimated listing price is ₹92 per share, indicating an expected gain of 12.20% per share.
