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TechEra Engineering LImited IPO (TechEra Engineering IPO ) Details
TechEra Engineering LImited
TechEra Engineering IPO 's overview
TechEra Engineering IPO is a book built issue of ₹35.90 Cr (35,89,63,200). The issue includes a fresh issue of 43.78 Lakh (43,77,600) shares aggregating to ₹35.90 Cr (35,89,63,200).
TechEra Engineering IPO bidding started from Sep 25, 2024 and ended on Sep 27, 2024. The allotment for TechEra Engineering IPO was finalized on Sep 30, 2024. The shares got listed on NSE on Oct 03, 2024.
TechEra Engineering IPO price band is set at ₹75 to ₹82 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹1.20 Lakh (1,20,000).
Refer to TechEra Engineering IPO RHP for detailed information.
IPO date
Sep 25,2024 - Sep 27,2024
Listing Date
Oct 03,2024
Face value
₹10
Price Band
₹75 to ₹82 per share
Lot
₹1600 Shares
Total Issue Size
43.78 Lakh (43,77,600)
aggregating up to ₹35.90 Cr (35,89,63,200)
Fresh Issue
43.78 Lakh (43,77,600)
aggregating up to ₹35.90 Cr (35,89,63,200)
Issue Type
Book Building
IPO Type
SMEListing At
NSE
Wed, Sep 25, 2024
IPO Open
Fri, Sep 27, 2024
IPO Close
Mon, Sep 30, 2024
Basis of Allotment
Tue, Oct 01, 2024
Initiation of Refunds
Tue, Oct 01, 2024
Credit of Shares to Demat
Thu, Oct 03, 2024
Listing
TechEra Engineering IPO Day-wise IPO GMP Trend
TechEra Engineering IPO last GMP is ₹17, last updated Oct 02,2024. With the price band of 82.00, TechEra Engineering IPO 's estimated listing price is ₹99 (cap price + today's GMP).The expected percentage gain/loss per share is 20.73%.
| Date | IPO Price | GMP | Estimated Listing Price | Last Updated |
|---|---|---|---|---|
| 02-Oct-24 | 82.00 | 17 | 99(20.73%) | 2-Oct-2024 16:01 |
| 01-Oct-24 | 82.00 | 18 | 100(21.95%) | 1-Oct-2024 23:24 |
| 30-Sep-24 | 82.00 | 22 | 104(26.83%) | 30-Sep-2024 23:30 |
| 29-Sep-24 | 82.00 | 22 | 104(26.83%) | 29-Sep-2024 23:26 |
| 28-Sep-24 | 82.00 | 22 | 104(26.83%) | 28-Sep-2024 23:29 |
| 27-Sep-24 | 82.00 | 25 | 107(30.49%) | 27-Sep-2024 23:29 |
| 26-Sep-24 | 82.00 | 20 | 102(24.39%) | 26-Sep-2024 23:29 |
| 25-Sep-24 | 82.00 | 20 | 102(24.39%) | 25-Sep-2024 23:30 |
| 24-Sep-24 | 82.00 | 20 | 102(24.39%) | 24-Sep-2024 23:27 |
| 23-Sep-24 | 82.00 | 15 | 97(18.29%) | 23-Sep-2024 23:31 |
| 22-Sep-24 | 82.00 | 10 | 92(12.20%) | 22-Sep-2024 23:31 |
| 21-Sep-24 | 82.00 | 10 | 92(12.20%) | 21-Sep-2024 23:31 |
| 20-Sep-24 | 82.00 | 10 | 92(12.20%) | 20-Sep-2024 23:28 |
| 19-Sep-24 | 82.00 | 10 | 92(12.20%) | 19-Sep-2024 23:29 |
TechEra Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
Retail(Min) | 1 | 1,600 | ₹1.31 Lakh (1,31,200) |
Retail(Max) | 1 | 1,600 | ₹1.31 Lakh (1,31,200) |
HNI(Min) | 2 | 3,200 | ₹2.62 Lakh (2,62,400) |
About TechEra Engineering LImited
Incorporated in 2018, Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defence industries. The company also provides automation system solutions.
The company makes assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components. It uses advanced manufacturing technologies, such as 5-axis machining and 3D modelling, to meet the needs of its target sectors.
The company has been certified for ISO 9001:2015 and ISO 14001:2018, reflecting its adherence to quality management systems.
As of September 2024, the company employs 177 full-time qualified professionals.
Competitive Strength
Specialized Expertise: TechEra Engineering specializes in aerospace and defense manufacturing, focusing on assembly tooling, jigs, fixtures, and precision-machined components with a key emphasis on niche markets.
Technical Capabilities: The company has invested in advanced manufacturing technologies, including 5-axis machining and augmented reality/virtual reality for design visualization, to handle precise and complex projects.
Experienced Leadership: The management team, consisting of individuals with extensive experience in aerospace engineering and automation, provides strategic direction.
Recognitions and Certifications: Receipt of awards and certifications from reputable organizations demonstrates commitment to quality and excellence.
TechEra Engineering IPO 's documents
TechEra Engineering LImited Contact Details
TechEra Engineering LImited
Gat No. 565,
Behind Namo Marble & Timbers At Post Velu
Tal. Bhor, Pune-412205
Phone: +91 8605016251
Email: [email protected]
Website: https://techera.co.in/
TechEra Engineering IPO 's Promoters
The company's promoters are Nimesh Rameshchandra Desai, Meet Nimesh Desai, and Kalpana Nimesh Desai.