F&O
TechEra Engineering IPO
Techera Engineering India Ltd
₹1,20,000 /1600 sharesMinimum Investment
TechEra Engineering IPO Listing Details
| Listed On | Issue Price | Listing Price | Listing Gains |
|---|---|---|---|
| -- | ₹82.00 | ₹125.00 | ₹43.00 (52.44%) |
TechEra Engineering IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 25 Sep ‘24 - 27 Sep ‘24 | ₹1,20,000 | 1,600 | ₹75 - ₹82 |
| Issue Size | IPO Doc |
|---|---|
| 35.90Cr | RHP PDF |
Subscription rate
As of 27 Sep'24, 04:00 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 0.00x |
| Retail Individual Investor | 0.00x |
| Total | 27.59x |
About TechEra Engineering
Founded in
2018
Managing director
Mr. Nimesh Rameshchandra Desai
Parent organisation
Techera Engineering India Ltd
Strengths & Financials of TechEra Engineering
Strengths
Risks
The company holds ISO 9001:2015 certification for quality management systems and is also certified with AS9100D:2018, an international standard for quality management systems (QMS) for companies that design, develop, or provide products for the aerospace and defence industries.
The company has been a part of some notable projects, such as producing tooling for the vertical fin assembly line of commercial aircraft and the fighter wing skin layup tool, showcasing its ability to handle complex engineering tasks.
The company claims to have invested in advanced manufacturing technologies, including 5-axis machining and AR/VR for design visualisation, enhancing its capability to manage high-precision and complex projects.
The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 7.18 crore in FY22 to Rs 26.43 crore in FY23 to Rs 38.75 crore in FY24.
TechEra Engineering Financials
*All values are in Rs. Cr
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Application Details of TechEra Engineering IPO
| Apply as | Price band | Apply upto |
|---|---|---|
| Regular | ₹75 - 82 | ₹2 Lakh |
| High Networth Individual | ₹75 - 82 | ₹2 - 5 Lakh |
For TechEra Engineering IPO, eligible investors can apply as Regular.