TechEra Engineering Limited IPO has a ₹15 Grey Market Premium as of September 24, 2024, with a price range from ₹75 to ₹82 per share. Offering lots of 1600 shares, the subscription window is open from September 25 to September 27, 2024.
TechEra Engineering Limited IPO GMP Today
The Grey Market Premium (GMP) for TechEra Engineering Limited is ₹15 as of September 24, 2024. This assessment coincides with a price from ₹75 to ₹82 per share for the IPO.
TechEra Engineering Limited IPO Review
TechEra Engineering India Ltd has shown a strong turnaround from losses to profitability, with impressive revenue growth from ₹736.74 lakhs in 2022 to ₹3,907.66 lakhs in 2024. Despite fluctuating EPS and rising liabilities, improved operational efficiency and returns indicate positive growth, making the IPO potentially attractive.
Equity rose from ₹977.84 lakhs to ₹1,590.14 lakhs, and RoNW improved significantly, reflecting stronger financial health. However, the company must carefully manage increasing debt, with a debt-equity ratio of 0.90 in 2024. Liquidity has improved, with the current ratio rising to 1.57, indicating better short-term financial stability.
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TechEra Engineering Limited IPO Date
TechEra Engineering Limited will start accepting subscriptions from September 25, 2024, to September 27, 2024.
TechEra Engineering Limited IPO Price
TechEra Engineering Limited’s price range is from ₹75 to ₹82 per share with a face value of ₹10 each.
TechEra Engineering Limited
The company operates in the aerospace and defence sector, known for its technological complexity, strict regulations, and high capital needs. It specialises in designing, manufacturing, and supplying aerospace tooling and precision components. The market is driven by digital transformation and Industry 4.0 technologies, focusing on automation, data analytics, and enhanced manufacturing efficiency.
How To Apply For TechEra Engineering Limited IPO?
To apply for the TechEra Engineering Limited IPO through Alice Blue, follow these steps:
1. Open a Demat and Trading Account with Alice Blue if you don’t have one.
2. Access IPO details for TechEra Engineering Limited on the Alice Blue platform.
3. Place your bid for the desired number of shares within the IPO’s price range.
4. Confirm your information and submit your application quickly.
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