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TechEra Engineering Limited IPO, GMP, Details, Price, And Review
TechEra Engineering (India) Limited, established in October 2018, engages in designing, manufacturing and supplying precision tooling, components for the aerospace and defense 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 modeling for design visualization, to meet the requirements of its target sectors.
TechEra Engineering IPO Overview:
- Issue Size: ₹35.90 crores
- Type: Fresh issue
- Total Shares Offered: 43.78 lakh shares
- Subscription Dates:
- Opens: September 25, 2024
- Closes: September 27, 2024
- Price Band: ₹75 to ₹82 per share
- Minimum Lot Size: 1,600 shares
- Lead Manager: SKI Capital Services Limited
- Registrar: Kfin Technologies Limited
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
TechEra Engineering Limited IPO, GMP, Details, Price, And Review GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-10-03 | 82 | 18 (21.95%) | 2024-10-03 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
TechEra Engineering Limited IPO, GMP, Details, Price, And Review Details
| Detail | Description |
|---|---|
| IPO Date | September 25, 2024 to September 27, 2024 |
| Listing Date | - |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹82 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,377,600 shares (aggregating up to ₹35.90 Cr) |
| Fresh Issue | 4,377,600 shares (aggregating up to ₹35.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 12,143,325 |
| Shareholding post issue | 16,520,925 |
TechEra Engineering Limited IPO, GMP, Details, Price, And Review Timeline
| Detail | Description |
|---|---|
| IPO Open Date | Wednesday, September 25, 2024 |
| IPO Close Date | Friday, September 27, 2024 |
| Basis of Allotment | Monday, September 30, 2024 |
| Initiation of Refunds | Tuesday, October 1, 2024 |
| Credit of Shares to Demat | Tuesday, October 1, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
TechEra Engineering Limited IPO, GMP, Details, Price, And Review Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3200 | ₹262,400 |
TechEra Engineering Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net Issue |
| Retail Shares Offered | Not less than 35.00% of the Net Issue |
| NII (HNI) Shares Offered | Not more than 15% of the Net Issue |
TechEra Engineering Limited IPO, GMP, Details, Price, And Review Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 57.48% | - |
Company & Financials
Incorporated in 2018, Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defense industries. The company also provides automation system solutions. The company 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 modeling, to meet the needs of its target sectors. The company has been certified for ISO 9001:2015 and ISO 14001:2018, reflecting its adherence to quality management systems.
Competitive Strength:
- Specialized Expertise: TechEra Engineering specializes in aerospace and defense manufacturing, focusing on assembly tooling, jigs, fixtures, and precision-machined components with a key emphasis on niche markets.
- Technical Capabilities: The company has invested in advanced manufacturing technologies, including 5-axis machining and augmented reality/virtual reality for design visualization, to handle precise and complex projects.
- Experienced Leadership: The management team, consisting of individuals with extensive experience in aerospace engineering and automation, provides strategic direction.
- Recognitions and Certifications: Receipt of awards and certifications from reputable organizations demonstrates commitment to quality and excellence.
TechEra Engineering Limited IPO, GMP, Details, Price, And Review Financial Information
| Period Ended | Assets | Total Income | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing | ||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 Mar 2024 | 37.24 | 39.08 | 4.82 | 15.9 | - | 14.3 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 39.21 | 26.59 | 1.31 | 11.08 | - | 13.77 | ||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 21.36 | 7.37 | -6.29 | 9.78 | - | 8.87 | ||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 30.33% |
| ROCE | 23.47% |
| Debt/Equity | 0.9 |
| RoNW | 30.33% |
| P/BV | 6.26 |
| PAT Margin (%) | 12.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 3.97 | 2.92 |
| P/E (x) | 20.65 | 28.09 |
Objectives of TechEra Engineering IPO
The company proposes to utilize the Net Proceeds for the following objectives:
- 1. Funding capital expenditure for the purchase of new machinery.
- 2. Funding working capital requirements of the Company.
- 3. Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company.
- 4. General corporate purposes.
- 5. Issue expenses.
TechEra Engineering IPO Review
Engaged in the manufacturing and supply of critical components and tools for the defence and aerospace sectors, TechEra Engineering performed better on the MRO front. Its offer document had some anomalies, and the IPO ad had specific missing info. As per the earnings of FY24, the TechEra Engineering issue appears fully priced. The well-informed investors might park the moderate funds for the medium term.
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Frequently Asked Questions (FAQs)
-
What is TechEra Engineering IPO?
TechEra Engineering IPO is a SME IPO. The company is going to raise ₹35.90 Crores via IPO. The issue is priced at ₹75 to ₹82 per equity share. The IPO is to be listed on NSE.
-
When will TechEra Engineering IPO open for subscription?
The IPO is to open on September 25, 2024 for QIB, NII, and Retail Investors. The IPO will close on September 27, 2024.
-
What is TechEra Engineering IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
What is TechEra Engineering IPO Issue Size?
TechEra Engineering IPO issue size is ₹35.90 crores.
-
What is TechEra Engineering IPO Price Band?
TechEra Engineering IPO Price Band is ₹75 to ₹82.
