TechEra Engineering (India) Ltd. has announced public offering of 4377600 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 72.00 per share. The gross proceeds of the issue are expected to be Rs 3,589.63 lakhs.

The company's initial public offer (IPO) will open on 25 September 2024 and is expected to close on 27 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 75.00-82.00 per share.

The IPO includes a fresh Issue of 4377600 Equity Shares of the Company at an price of Rs 82.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1600 shares with bids in multiples of 1600.

TechEra Engineering (India) Ltd. anticipates using the proceeds of the issue for .

SKI Capital Services Limited as lead manager & KFin Technologies Ltd. is the registrar, to the issue.