TechEra Engineering IPO subscribed 1.3 times on the first day of bidding. Check the current GMP and other details here
TechEra Engineering Limited designs and manufactures tooling and components for the aerospace and defense sectors, including assembly tools, jigs, fixtures, and ground support equipment. Utilizing advanced technologies like 5-axis machining and 3D modeling, the company meets industry needs.
TechEra Engineering Other Details
| Details | Information |
|---|---|
| Open Date | 27 Sep, 2024 |
| Close Date | 30 Sep, 2024 |
| Allotment Date | 03 Oct, 2024 |
| Listing Date | 03 Oct, 2024 |
| Issue Price | ₹75-82 per equity share |
| Face Value | ₹10 per equity share |
| Listing at Group | NSE SME |
| Registrar | Kfin Technologies Limited |
| Market Lot | 1600 shares (₹131,200/-) |
| Issue Size | 4,377,600 shares (aggregating up to ₹35.90 Cr) |
| Retail Portion | 35% |
| Investor Category | Shares Offered | |
|---|---|---|
| Anchor Investor Shares Offered | 12,46,400 (28.47%) | |
| Market Maker Shares Offered | – | |
| QIB Shares Offered | 8,32,000 (19.01%) | |
| NII (HNI) Shares Offered | 8,43,200 (19.26%) | |
| Retail Shares Offered | 14,56,000 (33.26%) | |
| Total Shares Offered | 43,77,600 (100%) |
TechEra Engineering Financials
All amounts in Crores
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|
| Assets | 37.24 | 39.21 | 21.36 |
| Revenue | 39.08 | 26.59 | 7.37 |
| PAT | 4.82 | 1.31 | -6.29 |
| Net Worth | 15.90 | 11.08 | 9.78 |
| Borrowing | 14.30 | 13.77 | 8.87 |
TechEra Engineering GMP Today
The current GMP of the company is around Rs.17-20 which is around 21% of the Issue price . It is expected that investors can get a profit of 21% per lot if the stock lists at such GMP price.
Note: The GMP fluctuates on the basis of market demand.
Read More: WOL3D India Limited IPO closes today with a subscription of 347 times the Issue Price. Check Current Gmp here
TechEra Engineering Ltd Issue Objectives
- Funding capital expenditure for the purchase of new machinery
- Funding working capital requirements of the Company
- Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company
- General corporate purposes
- Issue expenses
Company Promoters
- Nimesh Rameshchandra Desai
- Meet Nimesh Desai
- Kalpana Nimesh Desai
Disclaimer:
The recommendations made above are by market analysts and are not advised by either the author, nor FinTrend 24. The author, nor the brokerage firm nor FinTrend 24 would be liable for any losses caused as a result of decisions based on this write-up. FinTrend 24 advises users to consult with certified experts before making any investment decision.