Business Standard

Techera Engineering India Ltd - IPO

Issue Type

Book Building - SME

Issue Size (₹ Cr.)

35.90 cr

Price Range (₹)

82

Lot Size

1600

Min Investment (₹)

1,31,200.00

Listing Exchange

NSE - SME

Open Date

25-Sept-2024

Close Date

27-Sept-2024

Listing Date

03-Oct-2024

Techera Engineering India Ltd News

    The Shares of Techera Engineering India Ltd have now been listed.

    Techera Engineering India Ltd IPO Details

    The issue comprise of a public issue of 43,77,600 equity shares of face value of Rs. 10/- each fully paid (the Equity Shares) for cash at a price of Rs. [*]/- per equity shares (including a premium of Rs. [*]/- per equity share) aggregating to Rs. [*]/- crores (The Issue) by the company. The issue comprises a reservation of which 2,19,200 equity shares of Rs. 10/- each will be reserved for subscription by market maker reservations portion and a net issue to the public of 41,58,400 equity shares of Rs. 10/- each is hereinafter referred to as the net issue. The issue and the net issue will constitute 26.50% and 25.17% respectively of the post issue paid up equity share capital of the company. The Offer Price is Rs. 82 per equity share of face value of Rs. 10 each.The Offer Price is 8.2 times of the face value of the equity shares.Bid cane be made for a minimum of 1600 equity shares and in multiples of 1600 equity shares thereafter.

    Objective of issue

    Funding capital expenditure for the purchase of new machinery. Funding working capital requirements of the company. Prepayment or repayment of a portion of certain outstanding borrowings availed by the company. General corporate purposes.

    Techera Engineering India Ltd Contact Details

    Techera Engineering India Ltd, Karvy Selenium Tow-B, 31&32 Financial Dist, Nanakramguda, Hyderabad-500032

    Phone - 91-40-67162222

    Fax - 91-40-23001153/23420814

    Email - cs@techera.co.in

    Website - www.techera.co.in