TechEra Engineering IPO: Unlocking the IPO in Detail

1. TechEra Engineering IPO is a book-built issue of Rs 35.90 crores.
2. This upcoming IPO bidding opens on Sep 25 and closes on Sep 27, 2024.
3. TechEra Engineering SME IPO price is set at Rs 75 to Rs 82 per share.
4. The minimum investment required is Rs 1,31,200.

TechEra Engineering IPO: Synopsis

TechEra Engineering IPO is open for subscription starting Wednesday, September 25, 2024, and closing on Friday, September 27, 2024. This upcoming IPO price is Rs 75 to Rs 82 per share. The minimum lot size set for the retail category is 1600 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 3200 shares. The minimum investment required for retail category investors is Rs 1,31,200 (82 x 1600 shares). However, for the HNI category, the minimum investment amount required is Rs 2,62,400 (82 x 3200 shares).

TechEra Engineering IPO is a book-built issue of Rs 35.90 crores. This upcoming IPO is an entirely fresh issue of 43.78 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, September 30, 2024. TechEra Engineering IPO will be listed on NSE SME on Thursday, October 3, 2024. SKI Capital Services Limited is the book-running lead manager, Kfin Technologies Limited is the registrar for this IPO.

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TechEra Engineering: About the Company

TechEra Engineering Limited was incorporated in 2018, designs, manufactures and supplies precise tooling and components for the aerospace and defence industries. The company also provides automation system solutions. TechEra Engineering specialises in aerospace and defence manufacturing, focusing on assembly tooling, jigs, fixtures, and precision-machined components with a key emphasis on niche markets.

TechEra Engineering 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 invested in advanced manufacturing technologies, including 5-axis machining and augmented reality/virtual reality for design visualisation, to handle precise and complex projects.

TechEra Engineering: Objectives

The net funds received from this initial public offer will be used to purchase the new machinery and meet the company's day-to-day capital needs. The remaining funds will be allocated for repayment of past loans, meeting issue expenses and fulfilling the general corporate purposes.

TechEra Engineering IPO: Other Important Details

Time-Table of TechEra Engineering IPO

TechEra Engineering IPO: Financial Metrics (Amt in Rs Lakhs)

TechEra Engineering posted revenue of Rs 39.08 lakhs and net profit of Rs 4.82 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 47% and net profit increased by 270% between the FY ending on 31 Mar 2024 and 31 Mar 2023.

Minimum Investment: Lot Size Details

Promoters of TechEra Engineering Limited and Their Holdings

The promoters of TechEra Engineering are Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai. The promoter shareholdings before the IPO were 57.48%; however, after the IPO, shareholdings details are not available.

TechEra Engineering: Strength of Company

1. TechEra Engineering specialises in aerospace and defence manufacturing, focusing on assembly tooling, jigs, fixtures, and precision-machined components with a key emphasis on niche markets.
2. The company has invested in advanced manufacturing technologies, including 5-axis machining and augmented reality and virtual reality for design visualisation, to handle precise and complex projects.
3. The management team, consisting of individuals with extensive experience in aerospace engineering and automation, provides strategic direction.

FAQs

1. What are the details of the TechEra Engineering IPO?

TechEra Engineering IPO is a book-built issue of Rs 35.90 crores. This upcoming IPO is an entirely fresh issue of 43.78 lakh equity shares. The allotment for this new IPO is expected to be finalised on Monday, September 30, 2024.

2. Who are the lead managers for the TechEra Engineering IPO?

SKI Capital Services Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Kfin Technologies Limited in this IPO?

Kfin Technologies Limited is the registrar for TechEra Engineering Limited, handling the IPO's administrative aspects.

4. How can I apply for the TechEra Engineering IPO?

The public subscription of this new IPO will open on September 25, 2024. Click here to initiate the application process.

5. How will the net proceeds from the IPO be utilised?

The net funds received from this initial public offer will be used to purchase the new machinery and meet the company's day-to-day capital needs. The remaining funds will be allocated for repayment of past loans, meeting issue expenses and fulfilling the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the TechEra Engineering Limited IPO by visiting here. For further updates follow Bigul.

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