Techera Engineering India Ltd IPO
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Techera Engineering India Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 43.78 L | TBA | ₹ 14.56 L | ₹ 69.8 L | NSE | ₹ 35.9 Cr |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 25 Sep, 24 | 27 Sep, 24 | 1600 | ₹ 1,20,000 | Book Building - SME | 03 Oct, 24 |
Techera Engineering India Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Engineering |
| Sub Sector | NA |
| Issue Type | Book Building - SME |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 12.5x | 2078400 | 25974400 |
| NII | 129.33x | 624000 | 80702400 |
| Retail | 67.27x | 1456000 | 97947200 |
| Employee | 0x | 0 | 0 |
| Total | 46.74x | 4377600 | 204624000 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Techera Engineering India Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 7.50 | 3.18 | -4.36 |
| EBITDA | 9.43 | 5.01 | -2.45 |
| PAT | 4.82 | 1.31 | -6.29 |
| Total Assets | 24.04 | 27.63 | 10.27 |
| Share Capital | 12.14 | 13.80 | 13.80 |
| Total Borrowings | 12.25 | 13.33 | 9.44 |
| Operating Activities (Net Cash) | 6.75 | 3.14 | -4.38 |
| Investing Activities (Net Cash) | -1.83 | -2.33 | -0.21 |
| Financing Activities (Net Cash) | 12.25 | 13.33 | 9.44 |
| Net Cashflow | 2.21 | 2.62 | 4.52 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Techera Engineering India Ltd
TechEra Engineering (India) Limited was originally incorporated as a private limited company under the Companies Act, 2013 in the name and style of Techera Engineering (India) Private Limited bearing Corporate Identification Number U29100PN2018PTC179327 dated October 03, 2018 issued by the Registrar of Companies, Pune. Subsequently, the name of the Company was changed to TechEra Engineering (India) Limited and a fresh Certificate of Incorporation dated May 29, 2023 was issued by the Registrar of Companies, Pune. As on date of this Red Herring Prospectus, the Corporate Identification Number of the Company is U29100PN2018PLC179327.
The aerospace and defence sector in India is a rapidly expanding field, marked by a blend of public and private enterprises. It is characterized by significant investments in research and development, production, and the procurement of advanced technologies. This sector is crucial for the nation's defence capabilities and has a growing role in the global aerospace market, driven by initiatives to increase domestic production, modernize military equipment, and enhance space exploration efforts. India's strategic partnerships, policy reforms, and focus on innovation are pivotal in its aspiration to become a key player in the international aerospace and defence industry.
The company provides Maintenance, Repair, and Overhaul (MRO) services for aircraft engines, which are essential for maintaining operational safety and efficiency in the aerospace industry. The company also has capabilities in the automation of manufacturing lines, including the design and optimization of welding lines, packaging lines, assembly lines, and conveyor systems. These automation processes aim to improve manufacturing efficiency in various applications within the aerospace and defence sectors.
Peer Comparison:
- Paras Defence and Space Technologies Ltd
- Azad Engineering Ltd
Techera Engineering India Ltd IPO Key Points
Strengths
- Strong partnerships, alliances and affiliations with nodal agencies in the area of defence, aerospace and automation.
- Robust systems and processes across all functions of the company.
- Strong technology backbone supported by a dedicated team of experienced professionals.
- Favourable micro and macro environment.
Risk
- 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.
- 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.
- Material adjustments have been made in the financial statements of the Company by its Independent Peer-Reviewed Auditors.
Strategy
- Market Segmentation.
- Value Proposition Communication.
- Marketing Channels Utilization.
- Differentiation Strategy.
- Customer Relationship Management.
- Strong partnerships, alliances and affiliations with nodal agencies in the area of defence, aerospace and automation.
- Robust systems and processes across all functions of the company.
- Strong technology backbone supported by a dedicated team of experienced professionals.
- Favourable micro and macro environment.
How To Apply for Techera Engineering India Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.