Issue Price
₹ 75-₹ 82
per equity share
Issue Size
31.31 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1600
equity share
Please note
Listing at NSE
Techera Engineering (India) Limited
Important Dates
IPO Open Date
25 Sep 2024
IPO Close Date
27 Sep 2024
Allotment Date
30 Sep 2024
Initiation of Refunds
01 Oct 2024
Credit of Shares to Demat Account
01 Oct 2024
IPO Listing Date
03 Oct 2024
UPI Mandate Expiry Date
27 Sep 2024
IPO Details
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.
Seize the deal, apply for IPO today!
Apply for IPOAbout Techera Engineering (India) Limited
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.
Parent Organisation
-
Founded
2018
Managing Director
Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai
IPO 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.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
Open Demat Account in 5 Minutes
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PAN Card | Aadhaar Card | Bank Account Number
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