Harsha Engineers International Ltd IPO (Harsha Engineers IPO) Detail
About Harsha Engineers
In terms of revenue in the organised sector in India, Harsha Engineers International Limited, which was founded in 2010, is the biggest producer of precision bearing cages. The company belongs to the Harsha Group.
Customers can purchase the company’s goods in approximately 25 nations across the five continents of North America, Europe, Asia, South America, and Africa.
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The company is divided into two segments:
- Engineering business, under which the company produces complex and specialised precision stamped components, welded assemblies, brass castings, cages, and bronze bushings, as well as bearing cages (in brass, steel, and polyamide materials).
- The company’s solar EPC division, which offers operations and maintenance services in the solar industry, provides comprehensive turnkey solutions for all solar photovoltaic requirements.
Harsha Engineers International was able to produce more than 7,205 bearing cages as of September 30, 2021, in addition to more than 295 additional products for clients in the automotive, rail, aviation & aerospace, building & mining, agricultural, electrical & electronics, and renewables industries. Additionally, the company’s product development and innovation centre has created more than 1,200 products in various bearing kinds during the last three years.
With two manufacturing sites in Gujarat, India’s Changodar, one in Moraiya, close to Ahmedabad, and one each in Changshu, China, and Ghimbav Braşov, Romania, the company has five manufacturing facilities for its engineering business.
Three wholly owned subsidiaries of Harsha Engineers International Limited are located in China (Harsha Precision Bearing Components (China) Co. Ltd., the United States (HASPL Americas Corporation), and the Netherlands (Harsha Engineers B.V.). A stepdown subsidiary is located in Romania (Harsha Engineers Europe SRL).
Comparative advantages of Harsha Engineers
- Offering a broad range of precision engineering products across sectors and geographies, comprehensive solution supplier.
- Enduring connections with prestigious clients.
- Strategically positioned production plants, both domestically and internationally.
- Expertise in design development, automation, and tooling.
- A history of growth and strong financial results.
- A trained workforce and a senior management team with strength, expertise, and dedication.
Harsha Engineers Financials
Harsha Engineers International Ltd Financial Information (Restated)
Harsha Engineers IPO Details
|Harsha Engineers IPO Date||Sep 14, 2022 to Sep 16, 2022|
|Harsha Engineers IPO Face Value||₹10 per share|
|Harsha Engineers IPO Price||₹314 to ₹330 per share|
|Harsha Engineers IPO Lot Size||45 Shares|
|Issue Size||[.] shares of ₹10|
(aggregating up to ₹755.00 Cr)
|Fresh Issue||[.] shares of ₹10|
(aggregating up to ₹455.00 Cr)
|Offer for Sale||[.] shares of ₹10|
(aggregating up to ₹300.00 Cr)
|Employee Discount||Rs 31 per Equity Share|
|Issue Type||Book Built Issue IPO|
|Listing At||BSE, NSE|
|QIB Shares Offered||Not more than 50% of the Net Offer|
|NII (HNI) Shares Offered||Not less than 15% of the Net Offer|
|Retail Shares Offered||Not less than 35% of the Net Offer|
|Company Promoters||Rajendra Shah, Harish Rangwala, Vishal Rangwala, and Pilak Shah are the company promoters.|
Harsha Engineers IPO Subscription Status (Bidding Detail)
On September 16, 2022, 7:00 PM, there are 74.70 subscriptions for the IPO of Harsha Engineers. In the retail category, the public issue was subscribed 17.63 times, 178.26 times in the QIB category, and 71.32 times in the NII category.
Harsha Engineers International Ltd. | IPO Analysis | Will I Apply? | CA Rachana Ranade
Harsha Engineers IPO FAQs
What is Harsha Engineers IPO?
An initial public offering (IPO) of equity shares with a face value of Rs. 10 that totals up to 755.00 crores is being conducted by Harsha Engineers. Priced between Rs. 314 and Rs. 330 per share, the issue. The bare minimum purchase amount is 45 Shares.
The IPO starts on September 14, 2022, and ends on September 16, 2022.
The IPO’s registrant is Link Intime India Private Ltd. It is proposed that the shares list on the BSE and NSE.
How to apply in Harsha Engineers IPO through ZERODHA?
Customers of Zerodha can use UPI as a payment method to apply online for the Harsha Engineers IPO. Customers of Zerodha can submit an application for the Harsha Engineers IPO by logging into the Zerodha Console (back office) and completing the form.
How to apply for the Harsha Engineers IPO on Zerodha.
– Log in to Console at the Zerodha website.
– Click the IPOs link under Portfolio.
– Click the “Bid” button in the “Harsha Engineers IPO” row to submit a bid.
– Enter the Price, Quantity, and UPI ID.
– “Submit” your IPO application.
– To approve the mandate, log into the UPI App (or BHIM or online banking).
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When Harsha Engineers IPO will open?
Harsha Engineers IPO will open on Sep 14, 2022 and closes on Sep 16, 2022.
When is Harsha Engineers IPO listing date?
The Harsha Engineers IPO listing date is not yet announced. The tentative date of Harsha Engineers IPO listing is Sep 26, 2022.