IPO | HARSHA ENGINEERS

Harsha Engineers IPO

Harsha Engineers International Ltd IPO

Under Harsha Group, Harsha Engineers International Limited supplies precision bearing cages in North America, South America, Europe, Asia & Aftrica including 25 countries all over the world. Harsha Engineers IPO comes in IPO market mainly for funding capital expenditure and pre-payment of scheduled loan.

Harsha Engineers International Ltd started in 2010 as as subsidiary of – Harsha Precision Bearing Components (China) Co. Ltd (China), HASPL Americas Corporation (USA), Harsha Engineers B.V. (Netherlands), Harsha Engineers Europe SRL (Romania).

Harsha Engineers supplying more than 1200 different bearing types to the companies in aviation & aerospace, railways, automotive, construction, agriculture, mining, electrical and electronics and renewables sectors.

The company has five manufacturing using all over the world. The business of Harsha Engineers mainly in two segments – Engineering Business and Solar EPC Business. Harsha Engineers manufacturing bearing cages in steel, brass under Engineering Business and comprehensive solutions to all solar photovoltaic requirements under Sola EPC Business.

Objective of the Issue Harsha Engineers IPO

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.

IPO Details of Harsha Engineers

IPO Starting and Ending Date	14 Sep 2022 to 16 Sep 2022
Face Value	₹ 10.00
Issue Price	₹ 314 to ₹ 330 per share
Minimum 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)
QIB Shares	Not more than 50%
NII / HNI Shares	Not less than 15%
Retail Shares	Not less than 35%
Category (Main Line / SME IPO)	Main Line IPO
Promoters	Rajendra Shah, Harish Rangwala, Vishal Rangwala, and Pilak Shah

Harsha Engineers IPO GMP

Harsha Engineers IPO GMP	As on 18 Sept 2022
GMP	₹ 240.00 (73%)
IPO Price	₹ 330.00
Estimated Listng Price	₹ 570.00

Milestone of Listing of IPO

IPO Opening Date	14 Sept 2022 from 10:00am
IPO Closing Date	16 Sept 2022 upto 05:00pm
Refund Date	22 Sept 2022
Listing Date	26 Sept 2022

Lot Size of Harsha IPO

	Lot Size	Shares	App. Amount
Retail Minimum Size	1	45	14850.00
Retail Maximum Size	13	585	193050.00
HNI Minimum	14	630	207900.00
HNI Maximum	67	3015	994950.00

Harsha Engineers IPO Allotment Status

You can check allotment status of Harsha Engineers IPO now and link given below. IPO allotment process will take 6 working days from the closing of issue.

The registrar of Harsha Engineers is Link Intime India Private Limited.

Check Harsha Engineers IPO Allotment Status

Frequently Asked Questions – Harsha Engineers IPO

What is Harsha Engineers IPO?

The IPO of Harsha Engineers is a main stream IPO with face value of ₹10 aggregating up to ₹755.00 Crores. The IPO price of Harsha Engineers will be ₹314 to ₹330 per share. The minimum order quantity for the retail portion is 45 Shares.

The IPO opens on 14 September 2022, and closes on 16 September 2022.

When will Open Harsha Engineers IPO?

The IPO opens on 14 September 2022.

When will Close Harsha Engineers IPO?

The IPO closes on 16 September 2022.

What is the Minimum and Maximum Lot Size of IPO?

Minimum Lot Size Retailer Portion is 45 Shares and Maximum is 585 Shares.

Minimum Lot Size HNI Portion is 630 Shares and Maximum is 3015 Shares.

When will list Harsha Engineers IPO?

Listing date is 26 Sept. 2022

How to apply for Harsha Engineers IPO?

You can apply in IPO online through ASBA by using either net banking or using UPI.

Open a Demat Account with ICICI Bank, SBI, HDFC Bank, Axis Bank, Motilal Oswal, Anand Rathi, Upstox, Zerodha etc.

You can apply ASBA IPO through ICICI Bank, HDFC Bank, SBI Bank. You can apply using UPI through Motilal Oswal, Anand Rathi, Eelweiss, Upstox, Zerodha.

About Harsha Engineers

Since its inception in 1986, Harsha Engineers International Limited* (Harsha) is the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations and 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, polyamide bearing cages in terms of revenue.

Harsha Engineers is a technology driven company with a strong focus on research and development, which has allowed to develop products suited to their customers’ requirements. Harsha has the expertise to design and develop advance tooling in-house which enables to manufacture complex products.

Harsha’s principal production facilities are at Changodar and Moraiya, near Ahmedabad in Gujarat in India. Harsha Engineers also have production facility through subsidiary in Changshu, China and step down subsidiary in Ghimbav Brasov in Romania.

At Harsha, manufacturing excellence is driven on a philosophy of using new age technology to design and produce bearing cages and Stamped components with a focus on cost, quality and manufacturing flexibility.

Company tool room is equipped with machines like Hard Milling and Turning Machines, CNC Wire-cut and EDM Machines with rotary electrodes, Axis Machining centre and various high accuracy measuring instruments including CMMs to deliver precision quality products.

Harsha Engineers have a total of 1,775 employees, of whom approximately, 1,686 employees are skilled and technically qualified employees.