TechEra Engineering Ltd launched its IPO on September 25, 2024. The TechEra Engineering IPO is a book-built issue that aims to raise ₹35.90 crores through a fresh issue of 4.38 lakh shares. With its IPO segment, the company plans to raise ₹35.90 crores by offering 4.38 lakh shares at a price between ₹75 and ₹82 each. Retail investors can participate with a minimum lot size of 1,600 shares. The IPO allotment is expected on September 30, with listing on the NSE SME set for October 3.
TechEra Engineering IPO Timeline Details (Tentative Schedule)
| Detail | Information |
| IPO Opening Date | September 25, 2024 |
| IPO Closing Date | September 27, 2024 |
| IPO Listing Date | October 3, 2024 |
| Face Value | ₹10 per share |
| Price Range | ₹75 to ₹82 per share |
| IPO Lot Size | 1,600 shares |
| Total Issue Size | 4,377,600 shares (₹35.90 Cr) |
| Fresh Issue | 4,377,600 shares (₹35.90 Cr) |
| IPO Segment | Book Built Issue IPO |
| Listing At | NSE SME |
TechEra Engineering India Limited| Company Overview
TechEra Engineering India Ltd, established in 2018, specialises in designing, manufacturing, and supplying precise tooling and components for the aerospace and defense industries. The company also provides automation system solutions, making assembly tools, jigs, fixtures, and precision machined components using advanced manufacturing technologies.
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Key IPO Details
- TechEra Engineering IPO Opening Date: September 25, 2024
- TechEra Engineering IPO Closing Date: September 27, 2024
- TechEra Engineering Allotment Date: September 30, 2024
- TechEra Engineering IPO Price Band: ₹75 to ₹82 per share
- TechEra Engineering IPO Lot Size: 1,600 shares
- IPO Refunds Initiated: October 1, 2024
- Shares Credited to Demat: October 1, 2024
- IPO Listing Date: October 3, 2024
- The TechEra Engineering IPO Subscription Status: 1.18 times on September 25, 2024 3:58:02 PM (Day 1)
TechEra Engineering Ltd: Financial Highlights for 2024
TechEra Engineering Limited has shown significant growth in its financial performance. The company’s revenue increased by 47% from the previous year, and profit after tax (PAT) rose by 270%.
| Year | Assets | Revenue | Profit After Tax | Total Borrowing |
| 2024 | ₹37.24 Cr | ₹39.08 Cr | ₹4.82 Cr | ₹14.30 Cr |
| 2023 | ₹39.21 Cr | ₹26.59 Cr | ₹1.31 Cr | ₹13.77 Cr |
| 2022 | ₹21.36 Cr | ₹7.37 Cr | -₹6.29 Cr | ₹8.87 Cr |
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TechEra Engineering Limited IPO: SWOT Analysis
The TechEra Engineering IPO presents a significant opportunity for investors.
The company excels in niche aerospace and defense manufacturing. Its ISO certifications highlight its commitment to quality. However, it’s highly dependent on the aerospace market and faces tough competition. There’s great opportunity for growth through market expansion and increasing demand for precision tooling.
FAQs| TechEra Engineering Ltd IPO
TechEra Engineering Ltd is a financial services company that specializes in manufacturing tooling and components for aerospace and defense industries.
The bidding date for the TechEra Engineering IPO is from September 25, 2024, to September 27, 2024.
The IPO lot size for TechEra Engineering is 1,600 shares.
The TechEra Engineering IPO launch date is September 25, 2024. It will remain open for subscription until September 27, 2024.
You can check the allotment of IPO shares through the official registrar’s website.
The IPO allotment is expected to be finalized on Monday, September 30, 2024.
The IPO face value is set at ₹10 per share.
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