TechEra Engineering IPO Details
| IPO Size | ₹35.90 Cr |
| Price Range | ₹75 - ₹82 |
| Retail Quota | 35% |
| QIB Quota | 50% |
| NII Quota | 15% |
| Employee Discount | -- |
| Listing at | NSE |
| Minimum Quantity | 1600 |
| Investment (cut-off price) | ₹131,200 |
| Pre IPO Promotor Holding | 57.48% |
| Post IPO Promotor Holding | Update soon |
| DHRP Draft | Click Here |
| RHP Draft | Click Here |
| Anchor Investors List | Click Here |
TechEra Engineering IPO Timelines
25/09/2024
Start Date27/09/2024
End Date01/10/2024
Refund Initiation01/10/2024
Credit of Shares to Demat Ac03/10/2024
Listing DateTechEra Engineering IPO Lot Size
| 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 Subscription Status
| QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|
| 31.22x | 128.88x | 66.52x | -- | 69.80x |
IPO Performance on Listing Day
| Opening Price | Closing Price | Day High | Day Low |
|---|---|---|---|
| ₹125 | ₹131.25 | ₹131.25 | ₹125 |
TechEra Engineering IPO Company Financials
| Year | Total Income | Total Expense | PAT |
|---|---|---|---|
| FY 2022 | 7.37 | ₹13.64 | -6.29 |
| FY 2023 | 26.59 | ₹25.25 | 1.31 |
| FY 2024 | 39.08 | ₹33.50 | 4.82 |
About Company
TechEra Engineering (India) Ltd. provides Maintenance, Repair, and Overhaul (MRO) services for aircraft engines, ensuring safety and efficiency in the aerospace industry. The company also specializes in automating manufacturing lines, including welding, packaging, assembly, and conveyor systems, enhancing efficiency in the aerospace and defense sectors.
Incorporated on October 3, 2018, and based in Pune, Maharashtra, TechEra operates with an authorized share capital of INR 15.00 crore and a paid-up capital of INR 2.43 crore. The company plays a key role in the Aerospace, Defense, and Automation industries, focusing on high-quality components and systems that meet industry standards. Through innovation and precision, TechEra contributes significantly to India’s technological advancements and national security.
| Incorporation Date | Sector | Managing Director |
|---|---|---|
| 2018 | Aerospace & Defense | NIMESH DESAI |
Know Before Investing
TechEra Engineering IPO Strengths
- Strong affiliations with key agencies in defense, aerospace, and automation sectors.
- Robust systems and processes across all company functions.
- Advanced technology foundation supported by experienced professionals.
- Favorable micro and macroeconomic conditions aiding business growth.
TechEra Engineering IPO Risks
- Heavy reliance on key customers makes the business vulnerable to revenue loss, which could significantly impact its financial condition and future prospects.
- The company’s dependence on a single manufacturing facility poses a risk, as any disruption may adversely affect operations, revenue, and overall business performance.
- Material adjustments in financial statements have been made by independent auditors, indicating potential issues that may affect financial accuracy and stability.
Swot Analysis for TechEra Engineering IPO
Strengths
Weaknesses
Opportunities
Threats
Company Details
TechEra Engineering LImited
Gat No. 565,
Behind Namo Marble & Timbers At Post Velu
Tal. Bhor, Pune-412205
Phone: +91 8605016251
Email: [email protected]
Website: https://techera.co.in/
IPO Registar Details
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
FAQs
The key objectives of TechEra Engineering IPO are:
- 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
SKI Capital Services Limited are the book-running lead managers for the TechEra Engineering IPO.