Techera Engineering India Ltd IPO - Check Issue Date, Price, Lot Size & Details with BlinkX.

Techera Engineering India Ltd IPO

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.

Techera Engineering India Ltd IPO Details

Total Shares Offered

₹ 43,77,600

Offer to Public

TBA

Retail Max (Shares)

₹ 14,56,000

Pre Issue Promoters Holding

₹ 69,79,600

Exchange

NSE

Issue size

₹ 35.9 Cr

IPO Open Date

Sep 25, 2024

Close Date

Sep 27, 2024

Lot Size

1600

Min Investment

₹ 1,20,000

Issue Type

Book Building - SME

Listing Date

Oct 3, 2024

Techera Engineering India Ltd IPO Dates

Sep 25, 2024

Opening date

Sep 27, 2024

Closing date

Sep 30, 2024

Basis of Allotment

Oct 1, 2024

Initiation of Refunds

Oct 1, 2024

Credit of Shares

Oct 3, 2024

Listing date

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*
QIB	0x	2078400
NII	0x	624000
Retail	0x	1456000
Employee	0x	0
Total	0x	4377600

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

2078400

624000

1456000

4377600

Techera Engineering India Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	49.50	38.81	3.18
EBITDA	9.21	7.31	5.01
PAT	3.17	2.82	1.31
Total Assets	29.16	23.31	27.63
Share Capital	16.52	12.14	13.80
Total Borrowings	19.49	10.19	13.33
Operating Activities (Net Cash)	5.51	4.75	3.14
Investing Activities (Net Cash)	-7.02	-1.83	-2.33
Financing Activities (Net Cash)	19.49	10.19	13.33
Net Cashflow	2.47	1.59	2.62

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.

Peer Comparison:

Paras Defence and Space Technologies Ltd
Azad Engineering Ltd

Techera Engineering India Ltd 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.

How To Apply for Techera Engineering India Ltd IPO Online?

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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.

FAQs on IPO (Initial Public Offering)

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

Techera Engineering India Ltd's IPO offers shares for up to 35.9 It begins on Sep 25, 2024 and ends on Sep 27, 2024.

What is the price of the Techera Engineering India Ltd IPO?

The price of Techera Engineering India Ltd IPO ranges between ₹75 to ₹82 per share.

What are the open and close dates for the Techera Engineering India Ltd IPO?

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

When will the Techera Engineering India Ltd IPO be allotted?

The allotment for the Techera Engineering India Ltd IPO will be finalised on Sep 30, 2024. The shares will be listed on BSE and NSE on Oct 3, 2024.

What is the minimum lot size required for Techera Engineering India Ltd IPO?

The minimum lot size for Techera Engineering India Ltd IPO is 1600 shares, priced between ₹75 to ₹82 per share.

What is the GMP of Techera Engineering India Ltd IPO?

The GMP (Grey Market Premium) of Techera Engineering India Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Techera Engineering India Ltd IPO?

To check the allotment status of Techera Engineering India Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Techera Engineering India Ltd IPO getting listed?

The Techera Engineering India Ltd IPO is getting listed on the BSE and NSE. Bidding opens on Sep 25, 2024, and closes on Sep 27, 2024. The allotment is finalised on Sep 30, 2024.

How do you apply for the Techera Engineering India Ltd IPO?

To apply for the Techera Engineering India Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.