IPO Details
Bidding Dates
25 Sept 24 - 27 Sept 24
Price Range ₹
75 - 82
Total Equity
₹ 25.68Cr
Lot Size
1600
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
25 Sept 2024
Offer end
27 Sept 2024
Allotment
30 Sept 2024
Refund initiation
01 Oct 2024
Demat transfer
01 Oct 2024
Listing
03 Oct 2024
Offer start
25 Sept 2024
Offer end
27 Sept 2024
Allotment
30 Sept 2024
Refund initiation
01 Oct 2024
Demat transfer
01 Oct 2024
Listing
03 Oct 2024
About Company
Incorporated in 2018, Techera Engineering (India) Limited specializes in designing, manufacturing, and supplying precision tooling and components for the aerospace and defense sectors, as well as providing automation system solutions. The company produces assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components, leveraging advanced manufacturing technologies such as 5-axis machining and 3D modeling to meet the specific needs of its target industries. Techera has achieved ISO 9001:2015 and ISO 14001:2018 certifications, underscoring its commitment to quality management systems. As of September 2024, the company employs 177 full-time qualified professionals. Competitive Strengths - Specialized Expertise: Techera Engineering focuses on niche markets within aerospace and defense manufacturing, excelling in assembly tooling, jigs, fixtures, and precision-machined components. - Technical Capabilities: The company has made significant investments in cutting-edge manufacturing technologies, including 5-axis machining and augmented/virtual reality for enhanced design visualization, enabling it to manage complex projects with precision. - Experienced Leadership: The management team comprises individuals with extensive backgrounds in aerospace engineering and automation, providing strong strategic guidance. - Recognitions and Certifications: The company has received various awards and certifications from reputable organizations, highlighting its dedication to quality and excellence.
Year Founded
03-10-2018
Promotor Details
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 57.48 | 42.25 |
| Share Capital | 6979600 | 6979600 |
Offer to Public
31,31,200.00 Cr
Project Details
- Funding working capital requirements of the Company - 60cr
- Prepayment or repayment of a portion of certain outstanding borrowings availed by our Company - 50cr
- Funding capital expenditure for the purchase of new machinery - 200cr
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 our Company.General corporate purposes.To meet the Issue expenses.
Highlights
- Strong collaborations with nodal agencies in defense, aerospace, and automation enhance the company's market positioning.
- Well-established systems and processes across all company functions ensure operational efficiency and effectiveness.
- A robust technology backbone is supported by a dedicated team of experienced professionals, enabling innovative solutions.
- The company benefits from a conducive micro and macroeconomic environment that supports growth.
- Ongoing investment in R&D fosters innovation and strengthens the company's competitive edge.
Challenges
- Reliance on a limited number of key customers exposes the company to significant revenue volatility.
- Dependence on a single manufacturing facility, supplier disruptions, and potential quality issues could harm the company's business.
- A history of negative cash flows and financial losses indicates a fragile financial position.
- Non-compliance with statutory provisions and potential legal issues could lead to penalties and financial burdens.
- Rapidly changing market dynamics and intense competition in the high-precision components industry pose significant challenges.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 2,136.23 | 1,380.07 | -0.76 | -0.76 | -0.0207 |
| 2021 | 1,514.04 | 100.00 | -628.70 | -628.70 | -9.4361 |
| 2023 | 3,921.15 | 1,380.07 | -0.76 | -0.76 | -0.0207 |
| 2024 | 3,723.87 | 1,214.33 | -628.70 | -628.70 | -9.4361 |
