IPO Issue Details
Issue Price / Price Band₹82 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size1,600 Shares per Lot
Total Issue Size43,77,600 shares (aggregating up to ₹35.90 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenWed, 25 Sep 2024
Subscription CloseFri, 27 Sep 2024
Anchor AllotmentTue, 24 Sep 2024
Basis of AllotmentMon, 30 Sep 2024
Initiation of RefundsTue, 01 Oct 2024
Credit of Shares to DematTue, 01 Oct 2024
Listing DateThu, 03 Oct 2024
UPI Mandate Deadline2024-09-27
Application & Investment Details
Retail — Min (1 Lots)₹1,31,200 — 1,600 shares
Retail — Max (13 Lots)₹1,705,600 (13 Lots)
HNI — Min (2 Lots)₹2,62,400 — 3,200 shares
EPS (Pre-IPO)₹3.97
EPS (Post-IPO)₹2.92
P/E Ratio (Pre-IPO)20.65x
P/E Ratio (Post-IPO)28.09x
Net Offer to Public41,58,400 shares (aggregating up to ₹34.10 Cr)
Reserved for Market Maker2,19,200 shares (aggregating up to ₹1.80 Cr)
Pre-IPO Promoter Holding1,21,43,325 shares
Post-IPO Promoter Holding1,65,20,925 shares
About Techera Engineering (India) Ltd
Incorporated in 2018, Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defence 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 modelling, 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.As of September 2024, the company employs 177 full-time qualified professionals.Competitive StrengthSpecialized 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.
Objects of the Issue
Techera Engineering (India) Ltd proposes to utilise the net proceeds from the Issue for the following objects:
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
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,21,43,325 shares
Post-IPO Promoter Holding
1,65,20,925 shares