Pune, September 25, 2024: TechEra Engineering (India) Limited, a leading supplier of precision-engineered components and tooling solutions for the aerospace and defense sectors, announced the opening of its IPO for subscription. SKI Capital will be the book running lead manager to this IPO, and the shares will be listed on NSE Emerge. This significant IPO, backed by the Maharashtra Defence and Aerospace Venture Fund, opens for subscription on September 25, 2024
The IPO of TechEra Engineering (India) Limited features a price band of ₹75 to ₹82 per share, with a lot size set at 1,600 shares. The anchor bidding date is scheduled for September 24, 2024, while the IPO will officially open for subscription on September 25, 2024, and will close on September 27, 2024. At the upper price band, the total IPO size is ₹35.90 crores.
TechEra Engineering (India) Limited is recognized as a leader in providing precision-engineered components and tooling solutions for the aerospace and defense industries. With state-of-the-art manufacturing capabilities that include 5-axis machining and 3D modeling, the company serves a diverse clientele both domestically and internationally.
The funds raised through this IPO will enable TechEra to enhance its production capacity, invest in advanced technologies, and solidify its foothold in the aerospace and defense sectors.
“We are thrilled to support TechEra Engineering (India) Limited in this pivotal moment as they open their IPO. This offering not only reflects the company’s robust position in the aerospace and defense sectors but also presents a unique opportunity for investors to be part of their growth journey. We look forward to guiding them through this process and ensuring a successful launch.” stated Manick Wadhwa, Director at SKI Capital Services Limited