TechEra Engineering IPO

Incorporated in 2018, Techera Engineering (India) Limited designs, manufactures and supplies precise tooling and components for the aerospace and defence industries. The company also provides automation system solutions. The company makes assembly tools, jigs, fixtures, maintenance and repair tools, ground support equipment, and precision machined components. It uses advanced manufacturing technologies, such as 5-axis machining and 3D modelling, to meet the needs of its target sectors. The company has been certified for ISO 9001:2015 and ISO 14001:2018, reflecting its adherence to quality management systems. As of September 2024, the company employs 177 full-time qualified professionals. Competitive Strength Specialized Expertise: TechEra Engineering specializes in aerospace and defense manufacturing, focusing on assembly tooling, jigs, fixtures, and precision-machined components with a key emphasis on niche markets. Technical Capabilities: The company has invested in advanced manufacturing technologies, including 5-axis machining and augmented reality/virtual reality for design visualization, to handle precise and complex projects. Experienced Leadership: The management team, consisting of individuals with extensive experience in aerospace engineering and automation, provides strategic direction. Recognitions and Certifications: Receipt of awards and certifications from reputable organizations demonstrates commitment to quality and excellence.

The company proposes to utilize the Net Proceeds for the following objects: 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 Issue expenses

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