Harsha Engineers IPO Review, GMP and Allotment

Harsha Engineers IPO Review, GMP and Allotment

Harsha Engineers International Limited, which was established in 2010, is the largest producer of precision bearing cages, by revenues, in Indias organized industry. The company is part of Harsha Group.

The company supplies its products to customers across more than 25 countries covering the five continents, that is, North America, Europe, Asia, South America, and Africa. Engineering Business, wherein the company produces bearing cages (in brass, steel, and polyamide materials), sophisticated, custom-designed, precision stamped components, weld assemblies, and cast and fabricated brass cages & bronze bushings. Solar EPC business, under which the company provides full-service integrated turn-key solutions for all requirements of solar PV power generation, as well as provides operations & maintenance services to the solar industry. 

Harsha Engineers IPO GMP (Grey Market Premium)

DateGMPSubject toListing Gain
18 SeptemberRs.240Rs.700075%

Harsha Engineers IPO Allotment Status

Harsha Engineers IPO Allotment Status (link will be available from September 21, 2022)Click Here

Important Dates

IPO Opening DateSeptember 14, 2022
IPO Closing DateSeptember 16, 2022
Basis of AllotmentSeptember 21, 2022
Initiation of RefundsSeptember 22, 2022
Credit of Shares to DematSeptember 23, 2022
IPO Listing DateSeptember 26, 2022

Harsha Engineers IPO Details

IPO Price BandRs.314 to Rs.330 Per Equity Share
IPO Lot SizeMinimum 45 shares for 1 lot
Minimum AmountRs.14,850 for 1 lot
IPO SizeApprox. Rs.755 Crores
Listing AtBSE, NSE
Offer for Sale2,280,000 Equity Shares
Retail Quota:35%
QIB Quota:50%
NII Quota:15%
DRHP Draft Prospectus:Click Here
Click HereClick Here

Harsha Engineers IPO Subscription Status Live

Investor CategorySubscription (times)
Qualified Institutions178.26
Non-Institutional Buyers71.32
Retail Investors17.63
Employees12.07
Others
Total74.70

IPO Subscription Details (times)

DateQIBNIIRetailEMPTotal
Day 1
Sep 14, 2022
0.065.833.222.332.87
Day 2
Sep 15, 2022
1.6324.919.146.3410.35
Day 3
Sep 16, 2022
178.2671.3217.6312.0774.70

Financial Report

Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-19195117.9-27.411.41
31-Mar-20973.24899.521.91378.02
31-Mar-21981.07876.7345.44433.22
31-Mar-221158.25133991.94527.9

Valuation – FY2022

 Earning Per Share (EPS):Rs.9.09 per Equity Share
 Price/Earning P/E Ratio:N/A
 Return on Net Worth (RoNW):10.49%
 Net Asset Value (NAV):Rs.86.64 per Equity Share

Harsha Engineers IPO Review

What our Expert say about Harsha Engineers IPO ReviewApply

Objective 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.

IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: harshaengineers.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Peer Group

  • Timken India Limited
  • SKF India Limited
  • Rolex Rings Limited
  • Sundaram Fasteners Limited

Company Promoters

  • Rajendra Shah
  • Harish Rangwala
  • Vishal Rangwala
  • Pilak Shah

Company Address

Harsha Engineers International Limited
NH-8A, Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213
Phone: +91 2717-618200
Email: sec@harshaengineers.com
Website: http://www.harshaengineers.com/

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