IPO

TechEra Engineering (India) Ltd. IPO

TechEra Engineering (India) Ltd., established in 2018, operates in the Aerospace & Defense sector. The company's IPO opened on September 25, 2024 and closed on September 27, 2024, with an issue price ... Read more

Min Investment
₹ 1,31,200 / 1600 shares
Price Range
₹75 - ₹ 82
Bidding Dates
25 Sep '24 - 27 Sep '24
Total Issue Value
35.90 Cr
Lot Size
1,600
Total Issue Size
35.90 Cr
Listing At
NSE SME
Subscription
47.45 times
NSE Price
193.00 (135.37%)

IPO Timeline

  • 25 Sep 2024
    Bidding Starts
  • 27 Sep 2024
    Bidding Ends
  • 30 Sep 2024
    Allotment Finalization
  • 3 Oct 2024
    Listing

About TechEra Engineering (India) Ltd.

The company provides Maintenance, Repair, and Overhaul (MRO) services for aircraft engines, which are essential for maintaining operational safety and efficiency in the aerospace industry. The company also has capabilities in the automation of manufacturing lines, including the design and ... Read more

Parent organisation
Founded
TechEra Engineering (India) Ltd.
2018

TechEra Engineering (India) Ltd. IPO Reservation

Investors Category Shares Offered
Anchor Investors 12,46,400 (28.47%)
Market Makers 2,19,200 (5.01%)
Non Institutional Investors 6,24,000 (14.25%)
Qualified Institutional Buyers (QIBs) 8,32,000 (19.01%)
Retail Individual Investors (RIIs) 14,56,000 (33.26%)

TechEra Engineering (India) Ltd. Financial Information

Year End Revenue PAT Reserves & Surplus
31 Mar 2024 39.08 Cr 4.82 Cr 3.76 Cr
31 Mar 2023 26.59 Cr 1.31 Cr -2.72 Cr
31 Mar 2022 7.37 Cr -6.29 Cr -4.02 Cr

TechEra Engineering (India) Ltd. Background

Our Company was originally incorporated as a private limited company under the Companies Act, 2013 in the name and style of “Techera Engineering (India) Private Limited” bearing Corporate Identification Number U29100PN2018PTC179327 dated October 03, 2018 issued by the Registrar of ...

Read more

Major Events And Milestones
  • 2018
    Company Incorporation
  • 2019
    Shifting to New manufacturing Facility Building 20000 Sq feet and Total Land 80000 Sq.feet
  • 2021
    Investment in the Company by Maharashtra Defence and Aerospace Venture Fund
  • 2023
    Company conversion from Private Limited to Public Limited
    First time taken participation in AeroIndia 2023
TechEra Engineering (India) Ltd. Object of Issues

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 our Company
4. General corporate purposes
5. Issue expenses

TechEra Engineering (India) Ltd. IPO Listing Details
Listing Date
3 Oct 2024
NSE Symbol
TECHERA
ISIN
INE0JQS01019
Final Issue Price
₹ 82
TechEra Engineering (India) Ltd. Listing Day Trading Information
Pricing Details BSE NSE
Issue Price - ₹ 82.00
Open - ₹ 125.00
Low - ₹ 125.00
High - ₹ 131.25
Last Trade - ₹ 131.25
TechEra Engineering (India) Ltd. Company Promoters

1. Nimesh Rameshchandra Desai
2. Meet Nimesh Desai
3. Kalpana Nimesh Desai

Industry Overview

The aerospace and defence sector in India is a rapidly expanding field, marked by a blend of public and private enterprises. It is characterized by significant investments in research and development, production, and the procurement of advanced technologies. This sector is crucial for the ... Read more

TechEra Engineering (India) Ltd. Contact Details
Address: Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Tal. Bhor, Pune Maharashtra - 412205
Phone no:8605016251
8605016251
|
TechEra Engineering (India) Ltd. IPO Registrar
KFin Technologies Ltd.
Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Serilingampally Hyderabad Telangana - 500032
67162222
TechEra Engineering (India) Ltd. IPO Lead Manager(s)
SKI Capital Services Limited
718, Dr. Joshi Road, Karol Bagh, New Delhi Delhi - 110005
41189899

FAQs

When does TechEra Engineering (India) Ltd. IPO opens and closes?

TechEra Engineering (India) Ltd. IPO opens from 25th September to 27th September 2024.

What is the size of TechEra Engineering (India) Ltd. IPO?

The size of the TechEra Engineering (India) Ltd. IPO is ₹35.90 Cr.

What is the price range of TechEra Engineering (India) Ltd. IPO?

The price range of TechEra Engineering (India) Ltd. IPO is at ₹75 to ₹82 per share.

What is the minimum investment and lot size required for the TechEra Engineering (India) Ltd. IPO?

The minimum investment required is ₹1,31,200 and minimum lot size is 1600 shares.

When is TechEra Engineering (India) Ltd. IPO listing date?

The TechEra Engineering (India) Ltd. IPO will be listed on 3rd October 2024.

What is the objective of TechEra Engineering (India) Ltd. IPO?

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 our Company
4. General corporate purposes
5. Issue expenses

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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