TechEra Engineering IPO GMP : TechEra Engineering IPO GMP is Open on 25 September 2024 and Close on 27 September 2024. TechEra Engineering IPO to Raise 4,377,600 shares (Approx ₹35.90 Cr) via IPO. The Fresh issue of 4,377,600 shares (Approx ₹35.90 Cr).
TechEra Engineering (India) Limited, established in October 2018, engages in the design, manufacture, and supply of precision tooling, components for the aerospace and defence industries, and automation system solutions.
The company’s product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components. It utilizes advanced manufacturing technologies, such as 5-axis machining and 3-D modelling for design visualization, to meet the requirements of its target sectors.
We are aims to contribute to technological advancement and the upliftment of the sectors it serves, through continuous improvement and innovation in its processes and offerings.
Our Company operates within the aerospace and defence market, a sector characterized by high technological complexity, stringent regulatory standards, and significant capital investment. This market is globally distributed, with major hubs in North America, Europe, Asia-Pacific, and other regions, reflecting the international demand for aerospace and defence products and services.
The aerospace segment encompasses the manufacturing, design, and maintenance of aircraft and spacecraft, ranging from commercial airliners and cargo transport aircraft to military fighters and unmanned aerial vehicles. This segment is driven by factors such as global air traffic growth, advancements in aerospace technology, and increasing defence spending by countries seeking to modernize or expand their military capabilities.
Our Company defence segment includes the development and production of a wide array of military hardware, software, and services, including vehicles, weapons systems, and surveillance and communication technologies.
TechEra Engineering IPO Date & Price Band Details
| IPO Open Date | 25 Sep 2024 |
|---|---|
| IPO Close Date | 27 Sep 2024 |
| IPO Size | 4,377,600 shares (Approx ₹35.90 Cr) |
| Fresh Issue | 4,377,600 shares (Approx ₹35.90 Cr) |
| Lot Size | 1600 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹75 to ₹82 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
TechEra Engineering IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1600 | ₹1,31,200 |
| Retail Maximum | 1 | 1600 | ₹1,31,200 |
| S-HNI Minimum | 2 | 3200 | ₹2,62,400 |
Object of the Issue
- 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 our Company.
- General corporate purposes.
- To meet the Issue expenses.
TechEra Engineering IPO Allotment & Listings (Details)
| IPO Open Date | 25 Sep 2024 |
|---|---|
| IPO Close Date | 27 Sep 2024 |
| Basis of Allotment | 30 Sep 2024 |
| Refunds | 1 Oct 2024 |
| Credit to Demat Account | 1 Oct 2024 |
| IPO Listing Date | 2 Oct 2024 |
TechEra Engineering Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹39.08 | ₹33.50 | ₹4.82 |
| 2023 | ₹26.59 | ₹25.25 | ₹1.31 |
| 2022 | ₹7.37 | ₹13.64 | ₹6.29 |
Our Company Promoters
- Nimesh Rameshchandra Desai
- Meet Nimesh Desai
Qualitative Factors
- Strong partnerships, alliances and affiliations with nodal agencies in the area of defence, aerospace and automation.
- Robust systems and processes across all functions of the company.
- Strong technology backbone supported by a dedicated team of experienced professionals.
- Favourable micro and macro environment.
Comparison of Accounting Ratios with Peer Group Companies
| Company Name | Face Value | EPS | P/E Ratio | RONW | Revenue (₹ in Lakhs) | NAV Per Share |
|---|---|---|---|---|---|---|
| TechEra Engineering Ltd | 10.00 | 7.20 | [.] | 11.78% | 2,659.13 | 61.20 |
| Peer Group | ||||||
| Paras Defence & Space Ltd | 10.00 | 9.21 | 51.05 | 8.70% | 21,428.00 | 105.93 |
| Azad Engineering Ltd | 10.00 | 1.79 | 196.22 | 4.23% | 25,168.00 | 42.3 |
Also Read: Unilex Colours IPO
TechEra Engineering Company Contact Details
Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Tal. Bhor,
Pune, Maharashtra, India – 412205
Tel: 7620217968
Email: cs@techera.co.in
Website: www. techera.co.in
TechEra Engineering Lead Manager
SKI Capital Services Limited
718, Dr Joshi Road, Karol Bagh, New Delhi- 110005
Telephone No.: +91-011-41189899 / +91-011-424026000
Email: telipo@skicapital.net
Website: www.skicapital.net
TechEra Engineering IPO Registrar
Kfin Technologies Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Serilingampally,
Hyderabad, Rangareddi, Telangana India – 500 032.
Tel No: +91-40-67162222/ 7961 1000;
Email Id : teil.ipo@kfintech.com
Investor Grievance Email Id : einward.ris@kfintech.com
Webiste: www.kfintech.com
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