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Techera Engineering India Ltd

Engineering

Offer Period :

25th to 27th Sep 2024

Incorporated in 2018, Techera Engineering (India) Limited designs, manufactures, and supplies precision tooling and components for the aerospace and defense sectors, Read more...along with automation system solutions. Using advanced technologies like 5-axis machining and 3D modeling, the company produces assembly tools, jigs, fixtures, and precision components. ISO 9001:2015 and ISO 14001:2018 certified, it employs 177 professionals as of September 2024. With specialized expertise, advanced technical capabilities, and experienced leadership, Techera stands out in niche markets, earning awards and certifications for quality. Read less

Techera Engineering India Ltd IPO Details

IPO Date 25th to 27th Sep 2024 Minimum Investment ₹131200 / 1 Lots
Listing Date 2024-10-03 Maximum Investment ₹131200 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹35.9 Crores
Price ₹82 to ₹82 per share Fresh Issue ₹35.9 Crores
Lot Size 1 Lots (1600 Shares) Offer For Sale ₹ 0
Listing At NSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per share    
IPO Date 25th to 27th Sep 2024
Listing Date 2024-10-03
Face Value ₹10 per share
Price ₹82 to ₹82 per share
Lot Size 1 Lots (1600 Shares)
Listing At NSE-SME
Employee Discount ₹0 per share
Minimum Investment ₹131200 / 1 Lots
Maximum Investment ₹131200 / 1 Lots
Total Issue Size ₹35.9 Crores
Fresh Issue ₹35.9 Crores
Offer For Sale
Retail Discount ₹ 0

Timeline

Important dates for allocation and IPO listing.

25th Sep

IPO Starts

27th Sep

IPO Ends

30th Sep

Allotment Date

1st Oct

Initiation of Refund

1st Oct

Credit of Shares to Demat Account

3rd Oct

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 57.48 57.48
Public Group 42.52 42.52

Techera Engineering India Ltd IPO Reservation

QIB Shares Offered 832000(19.01%)
NII (HNI) Shares Offered 624000(14.25%)
Retail Shares Offered 1456000(33.26%)
Anchor Investor Shares Offered 1246400(28.47%)
Total Shares Offered 4377600
Total Shares With Anchor Investor 4377600

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

Techera Engineering India Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91-40-67162222/ 7961 1000;
Email Id teil.ipo@kfintech.com
Our Website www.kfintech.com

Techera Engineering India Ltd IPO Lead Manager

1. SKI Capital Services Ltd

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Techera Engineering India Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
QIB 8,32,000 2,27,200 16,882.0
Non Institutional Investors 8,43,200 61,13,600 16,882.0
Retail Individual Investors (RIIs) 14,56,000 2,70,11,200 16,882.0
Total 31,31,200 3,33,52,000 16,882.0

Strength of Techera Engineering India Ltd

1. Strong partnerships, alliances and affiliations with nodal agencies in the area of defence, aerospace and automation.

2. Robust systems and processes across all functions of the company.

3. Strong technology backbone supported by a dedicated team of experienced professionals.

4. Favourable micro and macro environment.

Risks Involved

1. Its business is dependent on the sale of its products to key customers. The loss of any of the company key customers or loss of revenue from sales to its customers could have a material adverse effect on the company's business, results of operations, financial condition, cash flows and future prospects.

2. The compan is highly dependent on a single Manufacturing Facility for the entire portion of its revenue from operations. Any disruption, breakdown or shutdown of its Manufacturing Facility may adversely affect the company's business, results of operations, financial condition, cash flows and future prospects.

3. Material adjustments have been made in the financial statements of the Company by its Independent Peer-Reviewed Auditors.

4. The Company has delayed payment of Government and statutory dues, and has been penalized.

5. The company has not complied with certain statutory provisions of the Companies Act and Rules thereunder. Such noncompliance may attract penalties and other actions against the Company and its Directors which could impact the financial position of it to that extent.

6. The Audit Reports to the Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not statutory auditor of the Company.

7. Its Independent Directors have not passed the online proficiency self-assessment test conducted by Indian Institute of Corporate Affairs to approve proficiency of a person to be appointed as an Independent Director of any company.

8. Any failures to compete effectively in the highly competitive global industry of high precision and mission critical components manufacturing could have a material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.

9. Its contracts/ purchase orders may not be indicative of the company's future growth rate or new business orders its will receive in the future. Further, the company may not realize all of the revenue expected from its contracts/ purchase orders.

10. The company depends on third party suppliers for raw materials and other business inputs, which are on a purchase order basis. Such suppliers may not perform, or be able to perform their obligations in a timely manner, or at all and any delay, shortage, interruption, reduction in the supply of or volatility in the prices of raw materials and other business inputs on which the company relies may have a material adverse effect on its business, results of operations, financial condition, cash flows and future prospects.

Industry Outlook of Techera Engineering India IPO
 

- The aerospace and defence sector in India is experiencing rapid growth, fueled by both public and private enterprises. This expansion is crucial for strengthening the nation's defence capabilities and solidifying its position in the global aerospace market. Read more...

- Significant investments in research and development are driving innovation in this sector, focusing on modernizing military equipment and enhancing space exploration.


- The government's push for increased domestic production through initiatives like "Make in India" has played a vital role in boosting local manufacturing, particularly in the aerospace and defence fields.

- India's strategic partnerships with global defence leaders and policy reforms have contributed to the industry's growth, enabling easier procurement of advanced technologies.

- As India aims to become a major player in the global aerospace market, companies like Techera Engineering stand to benefit from the expanding opportunities, especially in aerospace engineering and manufacturing. Read less

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

Techera Engineering India Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-10-03 92971 TECHERA
INE0JQS01019
₹82 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹82 ₹82
Open ₹0 ₹125
Low ₹0 ₹125
High ₹0 ₹131.25
Low ₹0 ₹125

Frequently Asked Questions

What is Techera Engineering India Ltd IPO?

Answer Field

Techera Engineering India Ltd IPO is a SME IPO of 43,77,600 equity shares of a face value of ₹10 aggregating up to ₹35.9 Crores. The issue is priced at ₹82 to ₹82 per share. The minimum order quantity is 1600 Shares. The IPO opens on September 25, 2024, and closes on September 27, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE-SME.

When Techera Engineering India Ltd IPO will open?

Answer Field

The Techera Engineering India Ltd IPO opens on September 25, 2024 and closes on September 27, 2024.

What is the lot size of Techera Engineering India Ltd?

Answer Field

Techera Engineering India Ltd lot size is 1600 shares, and the minimum amount required is ₹1,31,200.

How to apply for Techera Engineering India Ltd IPO?

Answer Field

You can apply in Techera Engineering India Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Techera Engineering India Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Techera Engineering India Ltd IPO will be done on September 30, 2024, and the allotted shares will be credited to your demat account by October 01, 2024.

When is Techera Engineering India Ltd IPO listing date?

Answer Field

The Techera Engineering India Ltd listing date is October 03, 2024.

Who is the registrar of Techera Engineering India Ltd IPO?

Answer Field

The registrar of Techera Engineering India Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

SKI Capital Services Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Techera Engineering India Ltd IPO?

Answer Field

The fresh issue size is ₹35.9 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Techera Engineering India Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 1600 shares and ₹1,31,200 amount.

How can I approve the UPI mandate request for Techera Engineering India Ltd IPO?

Answer Field

To apply for Techera Engineering India Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Techera Engineering India Ltd?

Answer Field

The price of each Techera Engineering India Ltd share will be ranging in between ₹82 to ₹82 per share.

What is the cut-off time for the UPI mandate for Techera Engineering India Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, September 27, 2024.

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