TechEra Engineering Ltd's IPO of 43,77,600 shares (INR 35.90 cr) aims to meet working capital needs, repay debt, buy machinery, and fund general corporate purposes.
Open Date : September 25, 2024 Close Date : September 27, 2024 Allotment Date: September 30, 2024 Listing Date: October 3, 2024
IPO Price: INR 75-82 per share Lot Size: 1600 Shares Total Issue Size: INR 35.90 crores
TechEra Engineering India IPO shows mixed performance: Profitability: Shifted from losses to profits. Revenue: Significant growth. Returns: Improved for shareholders. Risks: Fluctuating EPS and rising liabilities. Growth: Strong positive trajectory. IPO: Good investment, but watch debt risks.
TechEra Engineering: Strong RoNW at 30.33%, no P/E ratio indicates growth potential. Paras Defence: Higher revenues but lower RoNW and elevated P/E ratio. Azad Engineering: Similar to Paras Defence with high revenues and low RoNW.
Machinery: INR 20 crores allocated. Working Capital: INR 6 crores. Loan Repayment: INR 5 crores. General Purposes: Remaining funds for business development and unexpected expenses.
TechEra Engineering IPO Risks: Customer Dependence: Reliance on key customers. Operational Risk: Single manufacturing facility. Market Threat: Global disruptions or competition could impact financials.