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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹35.90 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹35.90 Cr |
| Fresh Issue | ₹34.10 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹75.00-82.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | TECHERA |
| Registrar | Kfin Technologies Ltd. |
| Lead Managers | SKI Capital Services Ltd. |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,600 shares and in multiples thereof
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.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the purchase of new machinery; | 20.00 |
| 2 | Funding working capital requirements of the Company; | 6.00 |
| 3 | Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company; | 5.00 |
| 4 | General corporate purposes; and | 2.57 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 37.24 | 39.21 | 21.36 |
| Total Income | 39.08 | 26.59 | 7.37 |
| Profit After Tax | 4.82 | 1.31 | -6.29 |
| NET Worth | 15.90 | 11.08 | 9.78 |
| Reserves and Surplus | 3.76 | -2.72 | -4.02 |
| Total Borrowing | 14.30 | 13.77 | 8.87 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 30.33% |
| ROCE | 23..47% |
| Debt / Equity | 0.90% |
| RoNW | 30.33% |
| PAT Margin | 12.45% |
| Price to Book Value | 6.26 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 3.97 | 2.92 |
| P/E (x) | 20.65 | 28.09 |
| Promoter Holding | 57.48% | 42.25% |
| Market Cap | ₹135.47 Cr. | |
