Harsha Engineers International Limited

Harsha Engineers International Limited

Mainboard

₹14,850 / 45 Shares

Offer Date:Sep 14, 2022 - Sep 16, 2022
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IPO Live Subscription Details

CategorySubscription (Times)
Date
16 Sep 2022,06:58:00 PM
QIBs
178.26
NII
Bids above ₹10L: 74.78 times
Bids below ₹10L: 64.41 times
NII Total: 71.32
Retail
17.63 times
Employee
12.07 times
Total
74.70 times

Harsha Engineers International Limited IPO Details

The Harsha Engineers International Limited IPO price band is set between ₹314-330 per equity share, with a face value of ₹10 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.

The IPO date for subscription opens on 14 Sep, 2022 and closes on 16 Sep, 2022. Investors can check the allotment status on 21 Sep, 2022, while the listing date is tentatively scheduled for 26 Sep, 2022.

The total issue size is N/A shares of ₹10 , aggregating up to ₹755.00 Cr. Stay tuned for the latest Harsha Engineers International Limited IPO review and GMP updates.

Harsha Engineers International Limited IPO Review, Rating & Analysis

Harsha Engineers International Limited IPO Review

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Harsha Engineers International Limited IPO Rating

Harsha Engineers International Limited IPO Highlights

IPO Date

Sep 14, 2022 - Sep 16, 2022

Listing Date

26 Sep, 2022

Face Value

₹10 Per Equity Share

Price Band

₹314-330 per equity share

Lot Size

-

Fresh Issue

Shares

Offer for Sale

-

Listing At

BSE, NSE

Harsha Engineers International Limited IPO Lot Size

The minimum market lot for Harsha Engineers International Limited IPO is 45 shares with an application amount of ₹14,850. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.

ApplicationLotsSharesAmount
Retail (Min)145₹14,850
Retail (Max)13585₹1,93,050
S-HNI (Min)14630₹2,07,900
S-HNI (Max)673015₹9,94,950
B-HNI (Min)683060₹10,09,800

Harsha Engineers International Limited IPO Timeline

IPO Open Date
14 Sep, 2022
IPO Close Date
16 Sep, 2022
Basis of Allotment
21 Sep, 2022
Listing Date
26 Sep, 2022

Issue Price

₹314-330 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

Lead Manager

Axis Capital Limited, Equirus Capital Private Limited, JM Financial Consultants Private Limited

Issue Size

N/A shares of ₹10 (aggregating up to ₹755.00 Cr)#Fresh Issue: N/A shares of ₹10 (aggregating up to ₹455.00 Cr)#Offer for Sale: N/A shares of ₹10 (aggregating up to ₹300.00 Cr)

Harsha Engineers International Limited IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 221158.25133991.94---
31 Mar 21981.07876.7345.44---
31 Mar 20973.24899.521.91---
31 Mar 19195117.9-27.41---

All values are in ₹ Cr.

Promoters & Share Holding

Promoter(s) Name

  • Rajendra Shah
  • Harish Rangwala
  • Vishal Rangwala
  • Pilak Shah
Share Holding Pre IssueShare Holding Post Issue
99.70%N/A%

About Company

Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue in organised sector in India. The company is a part of the Harsha Group.

The company supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa.

The business comprises of two segments:
1. Engineering business, under which the company manufactures bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings.
2. Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.

As of September 30, 2021, Harsha Engineers International have been able to manufacture more than 7,205 bearing cages and more than 295 other products for customers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics and renewables sectors. In addition, over the past three years company's product development and innovation centre has developed more than 1,200 products in different bearing types.

The company has five manufacturing facilities for engineering business with two manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, India and one manufacturing unit each in Changshu, China and Ghimbav Brasov in Romania.

Harsha Engineers International Limited has three wholly owned subsidiaries, one in China -Harsha Precision Bearing Components (China) Co. Ltd, one in the United States of America -HASPL Americas Corporationand one in the Netherlands-Harsha Engineers B.V., and a stepdown subsidiary in Romania -Harsha Engineers Europe SRL.

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Harsha Engineers International Limited IPO Subscription Details

As onQIBNII
bNII  sNII
RetailTotal
Shares Offered / Reserved4,792,950
3,594,780

2,396,520    1,198,260
8,387,73016,863,795
Day 1 -14-09-22 05:00 PM
0.06 x
5.83

4.92 x   7.64 x
3.22 x2.87 x
Day 2 -15-09-22 05:00 PM
1.63 x
24.91

22.38 x   29.96 x
9.14 x10.35 x
Day 3 -16-09-22 05:00 PM
178.26 x
71.31

74.78 x   64.37 x
17.53 x74.65 x
Total No. of Applications:2640527 (Approx)

Company Contact Details

Harsha Engineers International Limited

Phone: -

Email: -

Website: -

Registrar Contact Details

-

Phone: -

Email: -

Website: -

Frequently Asked Questions about Harsha Engineers International Limited IPO

When will Harsha Engineers International Limited IPO open for subscription?

The Harsha Engineers International Limited IPO opens on 14 Sep, 2022 and closes on 16 Sep, 2022.

What is the investors portion for Harsha Engineers International Limited IPO?

The investors' portion for QIB is 178.26 x, NII is 74.78 x, and Retail is 17.53 x.

How to apply for Harsha Engineers International Limited IPO?

You can apply for Harsha Engineers International Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.

What is the issue size of Harsha Engineers International Limited IPO?

The issue size of Harsha Engineers International Limited IPO is approx ₹N/A shares of ₹10 (aggregating up to ₹755.00 Cr)#Fresh Issue: N/A shares of ₹10 (aggregating up to ₹455.00 Cr)#Offer for Sale: N/A shares of ₹10 (aggregating up to ₹300.00 Cr) crores.

What is the price band of Harsha Engineers International Limited IPO?

The price band for Harsha Engineers International Limited IPO is ₹314 to ₹330 per equity share.

What is the lot size of Harsha Engineers International Limited IPO?

The minimum bid (lot size) for Harsha Engineers International Limited IPO is N/A shares with an investment of approx ₹14,850 .

What is the allotment date of Harsha Engineers International Limited IPO?

The allotment date for Harsha Engineers International Limited IPO is 21 Sep, 2022.

What is the listing date of Harsha Engineers International Limited IPO?

The listing date for Harsha Engineers International Limited IPO is expected to be 26 Sep, 2022.

What is the GMP of Harsha Engineers International Limited IPO?

The latest Grey Market Premium (GMP) for Harsha Engineers International Limited IPO is being updated regularly on IPOROCK.

PD

Parth D.

Founder & Lead Analyst

Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.

Harsha Engineers International Limited IPO Date, Review, Price, Allotment Details, GMP | IPOROCK