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TechEra Engineering IPO
Price Band
₹75.0–82.0
Issue Size
₹35.9 Cr
Lot Size
1,600 shares
Min Investment
₹131,200
GMP
+₹18.0 (21.95%)
Issue Price
₹82.0
Subject to Sauda
₹21900
Paid only if allotted
TechEra Engineering IPO AI Summary
- TechEra Engineering IPO is listed on NSE SME in the Aerospace & Defense sector.
- Price band: ₹75.0–₹82.0 per share, lot size 1,600 shares (min. investment ₹131,200).
- Subscription window: 25 Sep–27 Sep 2024, listing on 03 Oct 2024.
- Current GMP is +₹18.0 (21.95%), an estimated listing price of ₹100 — unofficial and can change daily.
TechEra Engineering is entering the market with a focus on aerospace and defense manufacturing, backed by advanced technologies and a strong management team. With a significant increase in revenue and profitability over the past years, the IPO provides an opportunity for investors, though they should consider the inherent risks associated with IPO investments.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
TechEra Engineering IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 27 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
TechEra Engineering IPO Grey Market Premium (GMP) Today
GMP
+₹18.0
GMP %
+21.95%
Est. Listing
₹100.0
Updated: 25 Jul 2026 14:03
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹3.97
NAV
₹13.09
ROE
30.33%
ROCE
23..47%
RoNW
30.33%
P/B Value
6.26
P/E Ratio
20.65
Market Cap
₹135.47 Cr
PAT Margin
12.45%
Debt/Equity
0.90
Peer Comparison
| Company | NAV | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|---|
| Azad Engineering Limited | 109.12 | 9.08% | 141.25 | 11.2 | 11.2 |
| Paras Defence and Space Technologies Limited | 114.01 | 6.75% | 140.51 | 8.22 | 8.22 |
| TechEra Engineering LImited This IPO | 13.09 | 30.33% | — | 4.14 | 4.14 |
Promoters
Nimesh Rameshchandra Desai, Meet Nimesh Desai and Kalpana Nimesh Desai
Objects of the Issue
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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income increased from ₹7.37 Cr in the period ending 31 Mar 2022 to ₹26.59 Cr by 31 Mar 2023, and further rose to ₹39.08 Cr by 31 Mar 2024. This shows a significant upward trend in revenue over the three periods.
Profit Trend
Profit After Tax improved from a loss of ₹6.29 Cr in the period ending 31 Mar 2022 to a profit of ₹1.31 Cr by 31 Mar 2023, and further increased to ₹4.82 Cr by 31 Mar 2024. This indicates a positive trend in profitability over the reported periods.
Valuation
At the issue price of ₹82.0, TechEra Engineering has an implied P/E ratio of approximately 20.65, while peers are trading at P/E ratios of 140.51 to 141.25. This suggests that TechEra Engineering is priced at a significantly lower multiple compared to its peers.
Grey Market Premium, Explained
The Grey Market Premium (GMP) refers to the price at which shares of an IPO are traded in the unofficial market before they are listed on the stock exchange. A positive GMP indicates that the stock is expected to list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against the company’s growth potential and market conditions. It's essential to consider the company's financial health and sector dynamics.
Who May Want to Wait
Investors with a low-risk appetite or those seeking stable returns may want to avoid investing in IPOs like this, as they can be subject to market fluctuations and may not provide immediate returns.
IPO Timeline, Explained
The IPO opens for subscription on 25 September 2024 and closes on 27 September 2024. Allotment of shares will be finalized by 30 September 2024, and the shares are expected to be listed on the stock exchange on 3 October 2024.
Listing Gains — The Risk
Listing-day gains can be unpredictable. While a positive GMP may suggest potential for a higher opening price, market conditions on the listing day can affect actual performance. Investors should be prepared for the possibility of price volatility.
This evaluation is generated from TechEra Engineering's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is TechEra Engineering IPO GMP today?
TechEra Engineering IPO GMP today is +₹18.0 (21.95%), indicating an estimated listing price of ₹100. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of TechEra Engineering IPO?
The price band of TechEra Engineering IPO is ₹75.0–₹82.0 per share.
When does TechEra Engineering IPO open and close?
TechEra Engineering IPO opens on 25 September 2024 and closes on 27 September 2024.
When does TechEra Engineering IPO list on the stock exchange?
TechEra Engineering IPO listed on 03 October 2024 at ₹100.0.
What is the lot size for TechEra Engineering IPO?
The lot size for TechEra Engineering IPO is 1600 shares, requiring a minimum investment of ₹131,200.
What is the price band for the IPO?
The price band for the IPO is ₹75.0 to ₹82.0.
What is the minimum investment required?
The minimum investment required is ₹131,200.
What is the lot size for the IPO?
The lot size for the IPO is 1,600 shares.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected price of the stock in the grey market before its official listing.
When is the listing date for the shares?
The shares are expected to be listed on 3 October 2024.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
25 Sep 2024
Close
27 Sep 2024
Allotment
30 Sep 2024
Listing
03 Oct 2024
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