The TechEra Engineering IPO is set to open on September 25, 2024, and will close on September 27, 2024. This is a Book Built Issue, through which the company aims to raise approximately ₹35.90 crores. This includes a fresh issue of ₹35.90 crores and an offer for sale of equity shares with a face value of ₹10 each.
The price band for the IPO is set between ₹75 and ₹82 per share. The allocation is divided as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The TechEra Engineering IPO is expected to be listed on the NSE on October 3, 2024, with allotments finalizing on September 30, 2024.
In terms of financial performance, the company reported a revenue of ₹39.08 crores in 2024, a significant increase from ₹26.59 crores in 2023. Profits also saw a jump, rising to ₹4.82 crores in 2024 from ₹1.31 crores in 2023. Given the strong financials, investors may find this IPO a promising option for long-term investment.
TechEra Engineering IPO Objectives:
The company plans to use the net proceeds from the IPO for the following purposes:
Funding capital expenditure for the purchase of new machinery.
Meeting the company’s working capital requirements.
Repayment or prepayment of a portion of certain outstanding borrowings.
General corporate purposes.
Covering issue-related expenses.
TechEra Engineering IPO Review: Should You Apply?
Review and recommendations will be updated soon.
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TechEra Engineering IPO 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% |
TechEra Engineering IPO Market Lot
The minimum market lot for the TechEra Engineering IPO is 1,600 shares, requiring an investment of ₹131,200.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹ 1,31,200 |
| Retail Maximum | 1 | 1600 | ₹ 1,31,200 |
| HNI Minimum | 2 | 3200 | ₹ 2,62,400 |
TechEra Engineering IPO Dates
The TechEra Engineering IPO will open on September 25 and close on September 27. Allotment results are expected to 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 |
Promoters of TechEra Engineering IPO
The promoters of TechEra Engineering are Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai.
About TechEra Engineering
TechEra Engineering (India) Limited was established in October 2018 and is located at Gat No. 565, Behind Namo Marble & Timbers, At Post Velu, Tal. Bhor, Pune, Maharashtra, India – 412205. The company specializes in designing, manufacturing, and supplying precision tooling and components for the aerospace and defense industries, as well as automation system solutions.
Its product portfolio includes assembly toolings, jigs, fixtures, maintenance, repair, and overhaul (MRO) toolings, ground support equipment, and precision machined components. TechEra utilizes advanced manufacturing technologies such as 5-axis machining and 3D modeling for design visualization to meet the specific needs of its target sectors. The company serves a global market, with significant hubs in North America, Europe, Asia-Pacific, and other regions, highlighting the international demand for aerospace and defense products and services. By focusing on advanced manufacturing technologies and engineering services, TechEra Engineering is positioned at the crossroads of traditional manufacturing excellence and cutting-edge technological innovation.
TechEra Engineering Financial Overview
In 2024, TechEra Engineering reported a revenue of ₹39.08 crores, an increase from ₹26.59 crores in 2023. The company’s profit also rose to ₹4.82 crores in 2024, compared to ₹1.31 crores in the previous year.
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: | 0.9 |
| 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 | 8.22 | 140.51 | 6.75% | 114.01 | 261.77 Cr. |
| Ltd | |||||
| 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
What is the TechEra Engineering IPO?
The TechEra Engineering IPO is an SME IPO through which the company aims to raise ₹35.90 crores. The issue is priced between ₹75 and ₹82 per equity share, and the shares will be listed on the NSE.
When will the TechEra Engineering IPO open for subscription?
The IPO will open for subscription on September 25, 2024, and will close on September 27, 2024. It will be available to Qualified Institutional Buyers (QIBs), Non-Institutional Investors (NIIs), and Retail Investors.
What is the allocation for different investor categories in the TechEra Engineering IPO?
The allocation for investors is as follows: 50% for QIBs, 15% for NIIs, and 35% for Retail Investors.
How can I apply for the TechEra Engineering IPO?
You can apply for the TechEra Engineering IPO through ASBA (Application Supported by Blocked Amount) via your bank’s online platform. Alternatively, you can apply using UPI through your stock broker or fill out an offline application form with your broker.
What is the issue size of the TechEra Engineering IPO?
The total issue size for the TechEra Engineering IPO is ₹35.90 crores.
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.
What is the lot size for the TechEra Engineering IPO?
The minimum lot size for the TechEra Engineering IPO is 1,600 shares, requiring an investment of approximately ₹131,200.