Harsha Engineers International IPO Review
Harsha Engineers International IPO Overview
Harsha Engineers International Limited, founded in 2010, is India’s largest maker of precise bearing cages in terms of revenue in the organised sector. The firm is a subsidiary of the Harsha Group.
Customers in over 25 countries across five continents, including North America, Europe, Asia, South America, and Africa, purchase the company’s products.
Harsha Engineers International was able to manufacture more than 7,205 bearing cages and 295 other products for clients in the automotive, trains, aviation & aerospace, construction, mining, agricultural, electrical and electronics, and renewables sectors as of September 30, 2021. Furthermore, during the last three years, the company’s product innovation and development centre has created over 1,200 distinct bearing kinds.
The firm has five engineering production plants, two in Changodar and one in Moraiya, near Ahmedabad in Gujarat, India, and one in Changshu, China and Ghimbav Brasov, Romania.
Harsha Engineers International Limited has three completely owned subsidiaries: one of these in China, Harsha Precision Bearing Components (China) Company limited Ltd, another in the United States of America, HASPL Americas Corporation, and one in the Netherlands, Harsha Engineers B.V., as well as a step down subsidiary in Romania, Harsha Engineers Europe SRL.
Harsha Engineers International 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 International IPO Financial Performance
Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
31-Mar-19 | 195 | 117.9 | -27.41 | 1.41 |
31-Mar-20 | 973.24 | 899.5 | 21.91 | 378.02 |
31-Mar-21 | 981.07 | 876.73 | 45.44 | 433.22 |
30-Sep-21 | 1077.66 | 637.62 | 43.71 | 478.84 |
Amount in ₹ Crore | ||||
Harsha Engineers International IPO Key Ratios
FY2019 | FY2020 | FY2021 | |
EPS | 13.51 | 3.52 | 5.88 |
PE ratio | – | – | – |
RONW (%) | 18.75 | 5.80 | 10.49 |
ROCE (%) | (79) | 13 | 17 |
EBITDA (%) | (22.4) | 11.3 | 14.3 |
Debt/Equity | 86.95 | 1.13 | 0.83 |
NAV | – | – | 86.64 |
Listing Performance of Harsha Engineers International IPO
Listed On : BSE, NSE
Issue Price : ₹314 to ₹330 per share
Listing Day Close :
Listing Day Gain :
Harsha Engineers International IPO ISIN Code
NSE : NA
ISIN CODE : NA
BSE : NA
Harsha Engineers International IPO Allotment Status
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Harsha Engineers International IPO Important Dates
| Harsha Engineers IPO Opening Date | Sep 14, 2022 |
| Harsha Engineers IPO Closing Date | Sep 16, 2022 |
| Basis of Allotment | Sep 21, 2022 |
| Initiation of Refunds | Sep 22, 2022 |
| Credit of Shares to Demat | Sep 23, 2022 |
| Harsha Engineers IPO Listing Date | Sep 26, 2022 |
Harsha Engineers International IPO Contact Details
Harsha Engineers Limited
NH-8A, Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213,
Gujarat, India
Phone: +91 2717-618200
Email: sec@harshaengineers.com
Website: https://www.harshaengineers.com
Harsha Engineers International IPO Registrar Contact Details
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +91 22 4918 6200
Email: harshaengineers.ipo@linkintime.co.in
Website: www.linkintime.co.in
Harsha Engineers International IPO Subscription Details
Investor Category | Subscription (times) |
Qualified Institutions | 178.26 |
Non-Institutional Buyers | 71.32 |
bNII (bids above ₹10L) | 74.78 |
sNII (bids below ₹10L) | 64.41 |
Retail Investors | 17.63 |
Employees | 12.07 |
Others | [.] |
Total | 74.70 |
Harsha Engineers International IPO FAQ's
The Harsha Engineers International IPO is a BSE, NSE IPO of ₹[.] to ₹[.] per equity share with a face value of 10 per equity share.
The issue size is priced at [.] Eq Shares of ₹10 (aggregating up to ₹[.] Cr).
The fresh issue size priced at [.] Eq Shares of ₹10 (aggregating up to ₹[.] Cr).
The initial public offering (IPO) begins on [.], 2022 and ends on [.], 2022.
The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Harsha Engineers International IPO opens on [.], 2022 and closes on Mar [.], 2022. The IPO Issue date may list on [.], 2022.
Harsha Engineers International IPO Market lot size is [.] Shares and the minimum order quantity is [.] Shares.
The finalisation of Basis of Allotment for Harsha Engineers International IPO will be done on [.], 2022. and the allotted shares will be credited to your demat account by [.], 2022. Check the Harsha Engineers International IPO status.
The Harsha Engineers International IPO listing date is on [.], 2022.
Harsha Engineers International IPO applications can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications. Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
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