TechEra Engineering Limited IPO

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.

Important Details

Open Date : September 25, 2024 Close Date : September 27, 2024 Allotment Date: September 30, 2024 Listing Date: October 3, 2024

Important Details

IPO Price: INR 75-82 per share Lot Size: 1600 Shares Total Issue Size: INR 35.90 crores

Fundamental Analysis

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.

Peer Comparison

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.

Objective

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.

Risks And Challenges

TechEra Engineering IPO Risks: Customer Dependence Reliance on key customers. Operational Risk: Single manufacturing facility. Market Threat: Global disruptions or competition could impact financials.