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SME IPO Status: Upcoming [25th Sep 2024 to 27th Sep 2024]
TechEra Engineering IPO, a SME IPO of ₹35.90 Cr opens for subscription from 25-09-2024 to 27-09-2024. The IPO consists of ₹35.90 Cr fresh issue.
The face value is Rs 10 and the price band is fixed at 75.00-82.00 per share. You can apply to the TechEra Engineering SME IPO for a minimum lot of 1600 shares amounting of Rs 131200.
The tentative listing date on the exchange (NSE SME) is 03-10-2024.Stay tuned with us to get more details about TechEra Engineering SME IPO including business overview, financial performance, live subscription status, allotment details, daily grey market premium (GMP), listing date, and listing price.
| SME IPO Issue Opening Date: | 25th Sep 2024 |
| SME IPO Issue Closing Date: | 27th Sep 2024 |
| SME IPO Issue Price: | ₹75.00-82.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | Not less than 35.00% of the Net Issue |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹35.90 Cr |
| Fresh Issue: | ₹35.90 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 57.48% |
| Promoter Holding Post IPO: |
Get important updates regarding TechEra Engineering SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 30th Sep 2024 |
| Refunds Initiation* | 1st Oct 2024 |
| Credit of Shares to Demat* | 1st Oct 2024 |
| SME IPO Listing Date* | 3rd Oct 2024 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹75.00-82.00 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹131200 |
| Min HNI Lots: | 3200 shares (2 lots)- ₹262400 |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-09-2024 | 82.00 | 10 | 12200 | ₹92 (12.2%) | 20-Sep-2024 7:04 |
Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
TechEra Engineering (India) Limited was incorporated in October 2018 and is engaged in designing, manufacturing and supplying precision tooling, components for the aerospace and defence industry and automation system solutions. The company's product portfolio includes assembly tools, fixtures, maintenance, repair and overhaul (MRO) tools, ground support equipment and precision machined components. The company uses advanced manufacturing technologies such as 5-axis machining and 3D modelling for design visualisation to meet the needs of its target sectors.
The company operates in India's aerospace, defence and automation sectors, contributing to the country’s technological advancement and national security. With a focus on manufacturing, the team plays a crucial role in producing high-quality components and systems that meet the exacting standards of the aerospace and defence industry.
| Incorporation | Sector | IPO Issue Size | Website |
| 2018 | Aerospace & Defense | ₹35.90 Cr | https://techera.co.in/ |
The company proposes to utilize the Net Proceeds for the following objects:
Our experts can help you prepare for SME IPO
TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | |||||||||||||||||||||||||||
| Assets | 37.24 | 39.21 | 21.36 | |||||||||||||||||||||||||||
| Revenue | 39.08 | 26.59 | 7.37 | |||||||||||||||||||||||||||
| Profit After Tax | 4.82 | 1.31 | -6.29 | |||||||||||||||||||||||||||
| Net Worth | 15.9 | 11.08 | 9.78 | |||||||||||||||||||||||||||
| Reserves and Surplus | 3.76 | -2.72 | -4.02 | |||||||||||||||||||||||||||
| Total Borrowing | 14.3 | 13.77 | 8.87 | |||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| TechEra Engineering LImited | 4.14 | 4.14 | 13.09 | 30.33 | ||
| Paras Defence and Space Technologies Limited | 8.22 | 8.22 | 114.01 | 140.51 | 6.75 | Consolidated |
| Azad Engineering Limited | 11.2 | 11.2 | 109.12 | 141.25 | 9.08 | Consolidated |
Last Updated on 20-Sep-2024 07:03:21
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase TechEra Engineering SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply TechEra Engineering SME IPO with Zerodha.
Alternate approch to apply in TechEra Engineering SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
TechEra Engineering SME IPO Review and Important Updates
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To subscribe or apply in TechEra Engineering SME IPO, you can use the following methods:
| TechEra Engineering SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in TechEra Engineering SME IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in TechEra Engineering SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in TechEra Engineering SME IPO. Most of the Syndicate Banks provide access to apply in TechEra Engineering IPO via ASBA process. You must have your net banking access, DP ID information to apply in TechEra Engineering SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in TechEra Engineering SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
TechEra Engineering SME IPO Review and Important Updates
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TechEra Engineering SME IPO is going to be list on 03-10-2024.
Other relevant questions:
When TechEra Engineering SME IPO will be listing? TechEra Engineering SME IPO listing date?TechEra Engineering SME IPO date of listing
TechEra Engineering SME IPO Allotment Date is 30-09-2024.
Other relevant questions:
TechEra Engineering SME IPO share allotment date?TechEra Engineering SME IPO allotment date?
