TechEra Engineering India Limited IPO GMP

TechEra Engineering (India) Limited operate in the Aerospace, Defence and Automation sector in India, contributing to the country’s technological advancements and national security. With core focus on manufacturing, their team plays a crucial role in producing high-quality components and systems that meet the demanding standards of the Aerospace & Defence industries.

TechEra Engineering, an Book Built Issue amounting to ₹35.89 Crores, consisting entirely an Fresh Issue of 43.77 Lakh Shares. The subscription period for the TechEra Engineering IPO opens on September 25, 2024, and closes on September 27, 2024. The allotment is expected to be finalized on or about Monday, September 30, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Thursday, October 03, 2024.

The Share price band of TechEra Engineering IPO is set at ₹75 to ₹82 equity per share, with a minimum lot size of 1,600 shares. Retail investors are required to invest a minimum of ₹1,31,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (3,200 shares), amounting to ₹2,62,400.

SKI CAPITAL SERVICES LIMITED is the book-running lead manager, KFIN TECHNOLOGIES LIMITED is the registrar for the Issue. SKI Capital Services Limited and Acme Capital Market Limited is the Market Maker for the TechEra Engineering India.

TechEra Engineering India Limited IPO GMP Today
The Grey Market Premium of TechEra Engineering India Limited IPO is expected in the range of ₹10 to ₹13 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

TechEra Engineering India Limited IPO Live Subscription Status Today: Real-Time Updates
As of 04:28 PM on 27 September 2024, the TechEra Engineering India Limited IPO live subscription status shows that the IPO subscribed 63.77 times on its Final day of subscription period. Check the TechEra Engineering India Limited IPO Live Subscription Status Today at NSE.

TechEra Engineering India Limited IPO Anchor Investors Report
TechEra Engineering India has raised ₹10.22 Crore from Anchor Investors at a price of ₹82 per shares in consultation of the Book Running Lead Managers. The company allocated 12,46,400 equity shares to the Anchor Investors. Check Full list of TechEra Engineering India Anchor Investors List

Note:- Equity Shares to Anchor Investors are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion. 

TechEra Engineering India Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online 
TechEra Engineering India IPO allotment date is 30 September, 2024, Monday. TechEra Engineering India IPO Allotment will be out on 30th September 2024 and will be live on Registrar Website from the allotment date. Check TechEra Engineering India Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select TechEra Engineering Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of TechEra Engineering India Limited IPO
TechEra Engineering Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1. ₹2000.00 Lakhs is required for Funding capital expenditure for the purchase of new machinery; 
2. ₹600.00 Lakhs is required for Funding working capital of the Company; 
3. ₹500.00 Lakhs is required for Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company; 
4. General corporate purposes; and 
5. To meet the Issue expenses.

Refer to TechEra Engineering India Limited RHP for more details about the Company.