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.
TechEra Engineering IPO is a book built issue of Rs. 35.90 crores. The issue is entirely a fresh issue of 43.78 lakh shares. TechEra Engineering IPO bidding opened for subscription on September 25, 2024 and will close on September 27, 2024. The allotment for the TechEra Engineering IPO is expected to be finalized on Monday, September 30, 2024. TechEra Engineering IPO will list on NSE SME with tentative listing date fixed as Thursday, October 3, 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 ₹131,200. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹262,400.
TechEra Engineering IPO Details
| IPO Date | September 25, 2024 to September 27, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹75 to ₹82 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,377,600 shares (aggregating up to ₹35.90 Cr) |
| Fresh Issue | 4,377,600 shares (aggregating up to ₹35.90 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,143,325 |
| Share holding post issue | 16,520,925 |
TechEra Engineering IPO Timeline
TechEra Engineering IPO opens on September 25, 2024, and closes on September 27, 2024.
| IPO Open Date | Wednesday, September 25, 2024 |
| IPO Close Date | Friday, September 27, 2024 |
| Basis of Allotment | Monday, September 30, 2024 |
| Initiation of Refunds | Tuesday, October 1, 2024 |
| Credit of Shares to Demat | Tuesday, October 1, 2024 |
| Listing Date | Thursday, October 3, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 27, 2024 |
TechEra Engineering IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹131,200 |
| Retail (Max) | 1 | 1600 | ₹131,200 |
| HNI (Min) | 2 | 3,200 | ₹262,400 |
TechEra Engineering IPO Anchor Investors Details
TechEra Engineering IPO raises Rs 10.22 crore from anchor investors. TechEra Engineering IPO Anchor bid date is September 24, 2024.
| Bid Date | September 24, 2024 |
| Shares Offered | 1,246,400 |
| Anchor Portion Size (In Cr.) | 10.22 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 29, 2024 |
