The engineering and defense industry leader TechEra Engineering Limited is preparing for its Initial Public Offering (IPO), which is scheduled to take place between September 25, and September 27, 2024. It is projected that a significant number of investors will be interested in participating in this IPO in order to take advantage of the company’s bright future growth possibilities.
The subscription period for the ₹35.90 Cr SME IPO TechEra Engineering is open from September 25, 2024, until September 27, 2024. The fresh offering of ₹35.90 Cr is part of the IPO.
TechEra Engineering IPO Details (Price, Date, GMP)
| IPO Open Date | September 25, 2024 |
| IPO Close Date | September 27, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹82 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,377,600 shares
(aggregating up to ₹35.90 Cr) |
| Fresh Issue | 4,377,600 shares
(aggregating up to ₹35.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
TechEra Engineering Financials
| FY 2024 | |
| Assets | 37.24 |
| Revenue | 39.08 |
| Profit After Tax | 4.82 |
| Net Worth | 15.9 |
| ROE | 30.33% |
| ROCE | 23..47% |
| Debt/Equity | 0.9 |
| RoNW | 30.33% |
| P/BV | 6.26 |
| PAT Margin (%) | 12.45 |
TechEra Engineering IPO Review
The company supplies precise tooling and other essential components to the aerospace and defense industries. The business reported a loss for the fiscal year 2022, but it recovered and reported increases in both its top and bottom lines. The issue looks fully valued based on FY24 results; it has additional MRO servicing contracts and few long-term orders for the aerospace and defense sectors.
About the Company – TechEra Engineering
TechEra Engineering (India) was established in October 2018 and is a company that specializes in automation system solutions and the design, manufacture, and supply of precision tooling and components for the aerospace and military industries. Precision-machined components, ground support equipment, assembly tooling, jigs, fixtures, and MRO (maintenance, repair, and overhaul) tooling are all part of their product line. The company guarantees that it satisfies the particular requirements of these high-tech industries by utilizing cutting-edge technologies such as 3-dimensional modeling for design visualization and 5-axis machining.
