TechEra Engineering IPO Date, Review, Price, Allotment Details

TechEra Engineering IPO is opening for subscription on September 25, 2024, and closing on September 27, 2024. This NSE SME IPO aims to raise ₹35.90 Crores, with a 100% Fresh Issue of TBA equity shares, each with a face value of ₹10. The price band for the TechEra Engineering IPO is fixed at ₹75 – ₹82 Per Share, with a market lot of 1600 share. The allocation for this IPO is as follows: 35% for retail investors, 50% for QIBs, and 15% for high-net-worth individuals (HNI). TechEra Engineering IPO Allotment will done on September 30, 2024, and TechEra Engineering IPO listing date is October 3, 2024.

 

TechEra Engineering Company Profile

TechEra Engineering Limited was established with a focus on delivering high-quality engineering and technology solutions. The company operates in the industrial engineering sector, providing a wide range of services, including fabrication, installation, and the design of engineering systems for industrial clients. Over the years, TechEra has developed a strong foothold in the industry, driven by its commitment to innovation and excellence.

Sector and Services: TechEra Engineering specializes in industrial engineering, particularly catering to sectors such as construction, heavy engineering, and industrial machinery. The company’s services include:

• Engineering design and consultancy
• Fabrication and installation of industrial systems
• Equipment maintenance and technical support
• Solutions for large-scale industrial projects

Strengths and Competitive Advantages:

• Strong Growth Track Record: TechEra Engineering has demonstrated a steady increase in revenue and profitability over recent years, which reflects its ability to successfully execute large-scale projects.
• Experienced Leadership: The management team brings decades of experience in industrial engineering and project execution, which has played a crucial role in building the company’s reputation.
• Client-Centric Approach: TechEra focuses on delivering customized solutions to meet the specific needs of its clients, ensuring long-term partnerships and repeat business.

 

TechEra Engineering IPO GMP

 

TechEra Engineering IPO Objectives

The funds raised through the IPO will be utilized for:

1. Funding capital expenditure for new machinery
2. Meeting working capital requirements
3. Repayment of certain outstanding borrowings
4. General corporate purposes
5. Issue expenses

 

TechEra Engineering IPO Key Details

• TechEra Engineering IPO Open Date: September 25, 2024
• TechEra Engineering IPO Close Date: September 27, 2024
• TechEra Engineering IPO Size: Approximately ₹35.90 Crores, Equity Shares
• Face Value: ₹10 Per Equity Share
• TechEra Engineering IPO Price Band: ₹75 – ₹82 Per Equity Share
• TechEra Engineering IPO Listing on: NSE SME IPO
• Retail Quota: 35% of the net offer
• QIB Quota: 50% of the net offer
• HNI Quota: 15% of the net offer

 

TechEra Engineering IPO Timeline

• TechEra Engineering IPO Open Date: September 25, 2024
• TechEra Engineering IPO Close Date: September 27, 2024
• Basis of Allotment: September 30, 2024
• Refunds: October 1, 2024
• Credit to Demat Account: October 1, 2024
• TechEra Engineering IPO Listing Date: October 3, 2024

 

How to Apply for TechEra Engineering IPO

Investors can apply for the TechEra Engineering IPO through ASBA (Applications Supported by Blocked Amount) online via their bank accounts or by using the offline IPO forms, which can be downloaded from the NSE website.

 

TechEra Engineering Financial Performance (in Crores)

• Year 2024: Assets: ₹37.24 Cr, Revenue: ₹39.08 Cr, Expenses: ₹34.26 Cr, PAT: ₹4.82 Cr
• Year 2023: Assets: ₹39.21 Cr, Revenue: ₹26.59 Cr, Expenses: ₹25.28 Cr, PAT: ₹1.31 Cr
• Year 2022: Assets: ₹21.36 Cr, Revenue: ₹7.37 Cr, Expenses: ₹13.66 Cr, PAT: ₹-6.29 Cr

 

TechEra Engineering Valuation FY2024

• Return on Equity (ROE): 30.33%
• Return on Capital Employed (ROCE): 23.47%
• EBITDA Margin: 23.26%
• PAT Margin: 12.45%
• Debt-to-Equity Ratio: 0.90
• Earnings Per Share (EPS): ₹4.14 (Basic)
• Price/Earnings (P/E) Ratio: N/A
• Return on Net Worth (RoNW): 30.33%
• Net Asset Value (NAV): ₹13.09

 

TechEra Engineering Peer Group

 

TechEra Engineering Company Promoters

• Nimesh Rameshchandra Desai
• Meet Nimesh Desai
• Kalpana Nimesh Desai

 

TechEra Engineering IPO Registrar

Kfin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Website: https://kosmic.kfintech.com/ipostatus/
Phone: 04067162222, 04079611000
Email: teil.ipo@kfintech.com

 

TechEra Engineering IPO Allotment Status Check

• Check the TechEra Engineering IPO allotment status on the Kfin Technologies website.

 

TechEra Engineering IPO Allotment Link

• Check the TechEra Engineering IPO allotment on the Check Ipo Allotment website.

 

TechEra Engineering IPO Lead Managers (Merchant Bankers)

• SKI Capital Services Limited

 

TechEra Engineering Company Address

Gat No. 565~
Behind Namo Marble & Timbers At Post Velu
Tal. Bhor~ Pune-412205
,Maharashtra- India
Website: https://techera.co.in/
Phone: +91 8605016251
Email: cs@techera.co.in

 

TechEra Engineering IPO FAQs

 

What is TechEra Engineering IPO?

TechEra Engineering IPO is an NSE SME IPO. They are going to raise ₹35.90 Crores via IPO. The issue is priced at ₹75 – ₹82 Per equity share. The IPO is to be listed on NSE.

 

When will the TechEra Engineering IPO open?

The IPO is to open on September 25, 2024, for NII, and Retail Investors.

 

What is TechEra Engineering IPO Investors Portion?

The investors’ portion for QIB is 50%, HNI is 15%, and Retail is 35%.

 

How to Apply for the TechEra Engineering IPO?

You can apply for Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

 

How to Apply Gala Precision Engineering IPO through M-Stock?

For those using M-Stock, the application process involves logging into the M-Stock Account, selecting the IPO under the Product Tab, and then filling in the necessary details. Approval through a UPI app is also required. Opening a Demat Account with M-Stock may be necessary for some applicants. Open Demat Account with M-Stock.

 

How to Apply the TechEra Engineering IPO through Alice Blue?

Alice Blue users can apply by logging into the Alice Blue application, selecting the IPO, and confirming their application. Similar to other methods, approval via a UPI app is required. Opening a Demat Account with Alice Blue may also be necessary. Open a Demat Account with Alice Blue.

 

How to Apply for the TechEra Engineering IPO through Motilal Oswal?

Log in to Motilal Oswal Application with your credentials. Select the IPO. You will see the IPO Name. Click on the Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Motilal Oswal.

 

What is TechEra Engineering IPO Size?

TechEra Engineering IPO size is ₹35.90 Crores.

 

What is TechEra Engineering IPO Price Band?

TechEra Engineering IPO Price Band is ₹75 – ₹82 Per equity share.

 

What is TechEra Engineering IPO Minimum and Maximum Lot Size?

The IPO bid is 1600 share with ₹131,200.

 

What is TechEra Engineering IPO Allotment Date?

TechEra Engineering IPO allotment date is September 30, 2024.

 

What is TechEra Engineering IPO Listing Date?

TechEra Engineering IPO listing date is October 3, 2024. The IPO to list on NSE SME IPO.