TechEra Engineering India SME IPO Details, Financials, Valuation & Peers
Get everything you need to know about the TechEra Engineering India IPO. Explore TechEra Engineering India IPO details, including IPO dates, financial statements, valuation, peer comparison and more.
Overview
TechEra Engineering India Limited is an engineering company specializing in the design, manufacturing and supply of tooling, precision components, and automation system solutions for the aerospace and defense industries. The company offers a comprehensive range of products, including assembly toolings, jigs, fixtures, ground support equipment and maintenance, repair and overhaul (MRO) toolings. With experience in executing complex projects, including tooling for commercial aircraft vertical fin assembly and fighter wing skin layup tools, the company demonstrates its capability to handle critical and high-precision engineering tasks. TechEra is positioned within the aerospace and defense markets, which are driven by technological innovation, stringent regulatory standards and the need for continuous improvement.
Key Points:
- Product Portfolio: Offers a wide range of products, including assembly toolings, jigs, fixtures, precision machined components, ground support equipment and MRO toolings for the aerospace and defense sectors.
- Manufacturing Technologies: Utilizes 5-axis machining, 3D modeling and other advanced manufacturing technologies for precision and efficiency in production.
- Market Segments: Serves the aerospace and defense industries, offering solutions for aircraft manufacturing, military hardware, and MRO sectors, which are driven by global air traffic growth, defense modernization and technological advancements.
- Global Presence: Operates in a globally distributed market with key hubs in North America, Europe and Asia-Pacific, reflecting international demand for aerospace and defense products and services.
Objects of the Issue
- 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
- To meet the Issue expenses.
IPO Details
Discover essential information crucial for understanding an IPO, including the Price Band, Fresh Issue, Offer For Sale, Total IPO Size and more. Explore these key details to gain insight into the company's public offering.
| Fields | Details |
|---|---|
| IPO Dates | 25 Sep - 27 Sep 2024 |
| IPO Price Band | ₹75 - ₹82 per share |
| Fresh Issue | 43,77,600 shares |
| Offer For Sale | NIL |
| Total IPO Size | ₹35.90 crore |
| Face Value | ₹10 |
| Listing On | NSE |
IPO Timeline
Explore important dates like IPO opening, closing, listing and others, outlining the journey of the Public Offering. This will help you grasp the entire IPO journey effortlessly.
| Event | Date |
|---|---|
| IPO Opening Date | 25 Sep 2024 |
| IPO Closing Date | 27 Sep 2024 |
| Basis Of Allotment | 30 Sep 2024 |
| Refunds | 01 Oct 2024 |
| Demat Transfer | 01 Oct 2024 |
| IPO Listing Date | 03 Oct 2024 |
Financial Statements
Explore a comprehensive financial data table showcasing key metrics including revenue, expenses, net income, and others. Gain valuable insights about the company's financial performance at a glance, facilitating informed decision-making and strategic planning for subscribing to the IPO.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| Total Income | 8.52 | 7.37 | 26.59 | 39.08 |
| Total Expenses | 8.52 | 13.64 | 25.25 | 33.50 |
| Net Profit/Loss | -0.008 | -6.29 | 1.31 | 4.82 |
| NPM (*) | -0.09 | -87.59 | 4.94 | 12.45 |
| Total Assets | 15.14 | 21.36 | 39.21 | 37.24 |
| Total Liabilities | 12.93 | 11.58 | 28.13 | 21.34 |
* NPM represents the net profit margin, calculated as a percentage. All other figures are presented in crore (₹cr)
Valuation
Uncover significant valuation metrics such as EPS (Earnings Per Share), ROE (Return on Equity), ROCE (Return on Capital Employed), D/E Ratio (Debt-to-Equity Ratio), Current Ratio, and EBITDA Margin. These key indicators offer insights into the company's financial standing and performance, aiding in informed investment decisions.
| Period Ended | 31st March 2021 | 31st March 2022 | 31st March 2023 | 31st March 2024 |
|---|---|---|---|---|
| EPS | -0.08 | -40.49 | 6.19 | 4.14 |
| ROE (%) | -0.34 | -64.30 | 11.78 | 30.33 |
| ROCE (%) | 5.05 | -29.42 | 9.71 | 23.47 |
| D/E Ratio | 4.12 | 0.91 | 1.24 | 0.90 |
| Current Ratio | 0.76 | 1.82 | 1.23 | 1.57 |
| EBITDA MARGIN (%) | 20.39 | -49.83 | 16.07 | 23.26 |
* Compiled from DRHP/RHP for valuation purposes.
Peer Comparison
Compare key financial metrics with industry peers to gain valuable insights into the company's performance compared to its competitors.
| Name | Revenue | P/E | EPS | RoNW | NAV |
|---|---|---|---|---|---|
| TechEra Engineering (India) Limited | 38.75 | 19.81 | 4.14 | 30.33 | 13.09 |
| Paras Defence and Space Technologies Ltd | 261.77 | 140.51 | 8.22 | 6.75 | 114.01 |
| Azad Engineering Ltd | 372.76 | 141.25 | 11.2 | 9.08 | 109.12 |
* Revenue in (₹cr), RoNW in (%), EPS, NAV in (₹). P/E ratio is based on the highest price from the IPO price band.
Subscription Data from NSE and BSE
| Investor Type | Subscribed |
|---|---|
| Qualified Institutional Buyer (QIB) | 31.22 |
| Non-Institutional Investor (NII/HNI) | 128.88 |
| Retail Individual Investor (RII) | 66.52 |
| Total | 69.8 |
* All figures represent multiples of the subscription. Check subscriptions for other ongoing issues here.
IPO Registrar
KFin Technologies Limited
Phone: +91 40 6716 2222/ 18003094001
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Company Promoters
- NIMESH RAMESHCHANDRA DESAI
- MEET NIMESH DESAI
- KALPANA NIMESH DESAI
Lead Managers
- SKI CAPITAL SERVICES LIMITED
Company Address
Techera Engineering India Limited
Gat No. 565, Behind Namo Marble & Timbers At Post Velu, Tal. Bhor, Pune, Maharashtra, India - 412205
Phone: +91 8605016251
Email: cs@techera.co.in
Website: www.techera.co.in
FAQs
- What is the issue size of the TechEra Engineering India SME IPO?The TechEra Engineering India SME IPO has an issue size of ₹35.90 crore. This includes a fresh issue of 43,77,600 shares and an offer for sale (OFS) of NIL.
- What is the price band of the TechEra Engineering India IPO?The price band for the TechEra Engineering India IPO is ₹75 - ₹82 per share.
- What are the bidding dates for the TechEra Engineering India IPO?The TechEra Engineering India IPO will open for bidding on 25 Sep 2024 and close on 27 Sep 2024.
- What is the allotment date for the TechEra Engineering India IPO?The allotment date for the TechEra Engineering India IPO is 30 Sep 2024.
- What is the listing date for the TechEra Engineering India IPO?The listing date for the TechEra Engineering India IPO is 03 Oct 2024.
- What is the TechEra Engineering India IPO grey market premium?The grey market premium (GMP) for the TechEra Engineering India IPO is currently at ₹18, with an expected listing gain of approximately 21.95%. Remember, the grey market premium is not an official indicator, but it reflects market perception and demand for the IPO shares.