TechEra Engineering LImited
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Having completed its public offering, TechEra Engineering LImited's is now listed and trading on the NSE exchange as of Oct 03, 2024. The IPO raised cumulative capital of 43,77,600 Shares, including 43,77,600 Shares in primary capital infusion.
The IPO was conducted with a price range of ₹75 to ₹82 and minimum investment requirement of 1600 shares. subscription activity between Sep 25, 2024 and Sep 27, 2024 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on Sep 30, 2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Founded in 2018, Techera Engineering (India) Limited specializes in manufacturing high-precision assembly tools, jigs, fixtures, repair tools, ground support equipment, and machined components for various industries. Using advanced technologies like 5-axis machining and 3D modeling, the company delivers tailored solutions with strict quality control. It holds ISO 9001:2015 and ISO 14001:2018 certifications, ensuring top-tier quality and environmental management. As of September 2024, Techera employs 177 skilled professionals, driving innovation and precision in its operations.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Strong Partnerships: Collaborations with top agencies in defense, aerospace, and automation help strengthen the company’s market position and expertise.
- Smooth & Efficient Operations: Well-structured systems and processes ensure high-quality work and seamless execution across all functions.
- Cutting-Edge Technology: Backed by advanced technology and a skilled team, the company focuses on innovation and precision in manufacturing.
- Reliance on Key Customers: Afcons depends on a few major clients for revenue, so losing any of them could significantly impact its financial stability.
- Single Manufacturing Hub: Depending on just one facility for production makes the company vulnerable to disruptions, which could affect its overall performance.
- Financial Risks: Adjustments made by independent auditors in financial reports highlight potential financial risks, affecting business transparency and future growth.
- Nimesh Rameshchandra Desai
- Meet Nimesh Desai
- Kalpana Nimesh Desai
TechEra Engineering LImited
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