Harsha Engineers IPO Date, Review, Price, Allotment & Analysis
Written by Lucky Wilson | KJMM.COM on August 20, 2022
Harsha Engineers IPO date is fixed yet, the IPO is to open on [.] and will close on [.]. Harsha Engineers IPO to raise around ₹755 crores via IPO that comprises fresh issue of ₹455 crores and offer for sale up to ₹300 crores of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.
Harsha Engineers International Limited aka Harsha is one of the largest manufacturers of precision bearing cages in the organized sector in India. The company was incorporated in 2010. The company is a part of the Harsha Group. The company is amongst the leading manufacturers of precision bearing cages in the world with a market share of approximately 5% to 6% in the organized segment of the global brass, steel, and polyamide bearing cages in terms of revenue. The product range includes Brass Cages, Steel Cages, Polyamide Cages, and Stamped Components. They supply their products in over 25 countries covering five continents.
They have their manufacturing facilities at Changodar and Moraiya, near Ahmedabad in Gujarat in India. They also have a production facility through a subsidiary in Changshu, China, and a step-down subsidiary in Ghimbav Brasov in Romania. They have two segments of businesses – The engineering business and the Solar EPC business. They supply their products in the industries such as automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, and renewables sectors. The company has good relationships with its leading clients. They are the experts in tooling, design development, and automation. You can check Harsha Engineers IPO subscription status and Harsha Engineers IPO allotment status on their respective pages. Harsha Engineers raised ₹252 crores from anchor investors, ahead of IPO on August 11, 2022.
Objects of the Issue:
- Pre-payment or scheduled repayment of a portion of the existing borrowing availed by our Company.
- Funding capital expenditure requirements towards purchase of machinery.
- Infrastructure repairs and renovation of our existing production facilities including office premises in India.
- General corporate purposes.
Harsha Engineers IPO Review (Good or Bad)
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Harsha Engineers IPO Date & Price Band
Harsha Engineers IPO Open: | August, 2022 |
Harsha Engineers IPO Close: | August, 2022 |
Harsha Engineers IPO Size: | Approx ₹755 Crores |
Fresh Issue: | Approx ₹455 Crores |
Offer for Sale: | Approx ₹300 Crores |
Face Value: | ₹10 Per Equity Share |
Harsha Engineers IPO Price Band: | ₹[.] to ₹[.] Per Share |
Harsha Engineers IPO Listing on: | BSE & NSE |
Retail Quota: | 10% |
QIB Quota: | 75% |
NII Quota: | 15% |
Discount: | N/A |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Anchor Investors List: | Click Here |
Harsha Engineers IPO Market Lot
The Harsha Engineers IPO minimum market lot is [.] shares with ₹[.] application amount. The retail investors can apply up-to 13 lots with [.] shares or ₹[.] amount.
Minimum Lot Size: | Minimum [.] Shares for 1 lot |
Minimum Amount: | ₹[.] for 1 lot |
Maximum Lot Size: | Maximum [.] Shares for 13 lot |
Maximum Amount: | ₹[.] for 13 lot |
Harsha Engineers IPO Allotment & Listing Dates
The Harsha Engineers IPO date is August and the close date is August. The Harsha Engineers IPO allotment will be finalized on September and the IPO listing on September.
Price Band Announcement: | August, 2022 |
Anchor Investors Allotment: | August, 2022 |
Harsha Engineers IPO Open Date: | August, 2022 |
Harsha Engineers IPO Close Date: | August, 2022 |
Basis of Allotment: | September, 2022 |
Refunds: | September, 2022 |
Credit to Demat Account: | September, 2022 |
Harsha Engineers IPO Listing Date: | September, 2022 |
Harsha Engineers IPO Form
How to apply for the Harsha Engineers IPO? You can apply for Harsha Engineers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Harsha Engineers IPO in the Invest section. The other option is you can apply for Harsha Engineers IPO via IPO forms downloaded via NSE and BSE. Check out the Harsha Engineers forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
Harsha Engineers Company Financial Report
₹ in Crores | |||||
Revenue | Expense | PAT |
|||
2019 | ₹118 | ₹157 | ₹27.41 | ||
2020 | ₹900 | ₹868 | ₹21.91 | ||
2021 | ₹877 | ₹816 | ₹45.44 | ||
2022 6M |
₹638 | ₹578 | ₹43.71 |
Harsha Engineers IPO Valuation – FY2021
Check Harsha Engineers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
Earning Per Share (EPS): | ₹9.09 per Equity Share |
Price/Earning P/E Ratio: | N/A |
Return on Net Worth (RoNW): | 10.49% |
Net Asset Value (NAV): | ₹86.64 per Equity Share |
Peer Group
- Timken India Limited
- SKF India Limited
- Rolex Rings Limited
- Sundaram Fasteners Limited
Company Promoters
- Rajendra Shah
- Harish Rangwala
- Vishal Rangwala
- Pilak Shah
Harsha Engineers IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Harsha Engineers IPO Allotment Status Check
Check Harsha Engineers IPO allotment status on Linkintime website allotment URL. Click Here
Harsha Engineers IPO Lead Managers
- Axis Capital Limited
- Equirus Capital Private Limited
- JM Financial Consultants Private Limited
Company Address
Harsha Engineers International Limited
NH-8A, Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213
Phone: +91 2717-618200
Email: [email protected]
Website: http://www.harshaengineers.com/
Harsha Engineers IPO FAQs
What is Harsha Engineers IPO?
Harsha Engineers IPO is a main-board IPO. They are going to raise ₹755 Crores via IPO. The issue is priced at ₹[.] to ₹[.] per equity share. The IPO is to be listed on BSE & NSE.
When Harsha Engineers IPO will open?
The IPO is to open on August, 2022, for QIB, NII, and Retail Investors.
What is Harsha Engineers IPO Investors Portion?
The investors’ portion for QIB-75%, NII-15%, and Retail 10%.
How to Apply the Harsha Engineers IPO?
You can apply for Harsha Engineers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
How to Apply the Harsha Engineers IPO through Zerodha?
How to Apply the Harsha Engineers IPO through Upstox?
How to Apply the Harsha Engineers IPO through Paytm Money?
What is Harsha Engineers IPO Size?
Harsha Engineers IPO size is ₹755 crores.
What is Harsha Engineers IPO Price Band?
Harsha Engineers IPO Price Band is ₹[.] to ₹[.].
What is Harsha Engineers IPO Minimum and Maximum Lot Size?
The minimum bid is [.] Shares with ₹[.] amount while the maximum bid is [.] shares with ₹[.].
What is the Harsha Engineers IPO Allotment Date?
Harsha Engineers IPO allotment date is September, 2022.
What is the Harsha Engineers IPO Listing Date?
Harsha Engineers IPO listing date is September, 2022. The IPO is to list on BSE and NSE.
Note: The Harsha Engineers IPO price band and date are officially announced. The IPO grey market premium (Harsha Engineers IPO Premium) will be added to the IPO grey market page as it will start).
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