Harsha Engineers International Ltd
- IPO Date14 Sep, 2022 to 16 Sep, 2022
- Listing Date26 Sep, 2022
- Face Value₹10 per share
- Issue Price₹314 to ₹330 per share
- Lot Size45 Shares
- Minimum Investment₹14,850
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
16 Sep, 2022
Initiation of Refunds
23 Sep, 2022
Listing Date
26 Sep, 2022
14 Sep, 2022
Opening Date
21 Sep, 2022
Basis of Allotment
23 Sep, 2022
Credit of Shares
Harsha Engineers International Ltd Lot Size
Investors can bid for a minimum of 45 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 45 | ₹14,850 |
| Retail (Max) | 13 | 585 | ₹1,93,050 |
| S-HNI (Min) | 14 | 630 | ₹2,07,900 |
| S-HNI (Max) | 67 | 3015 | ₹9,94,950 |
| B-HNI (Min) | 68 | 3060 | ₹10,09,800 |
Harsha Engineers International Ltd Promoter Holding
Rajendra Shah, Harish Rangwala, Vishal Rangwala, and Pilak Shah are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 99.7% | 74.6% |
Harsha Engineers International Ltd COMPANY INFORMATION
Harsha Engineers IPO is a book built issue of Rs 755.00 crores. The issue is a combination of fresh issue of Rs 455.00 crores and offer for sale of Rs 300.00 crores. Harsha Engineers IPO bidding started from September 14, 2022 and ended on September 16, 2022. The allotment for Harsha Engineers IPO was finalized on Wednesday, September 21, 2022. The shares got listed on BSE, NSE on September 26, 2022. Harsha Engineers IPO price band is set at ₹314 to ₹330 per share. The minimum lot size for an application is 45 Shares. The minimum amount of investment required by retail investors is ₹14,850. The minimum lot size investment for sNII is 14 lots (630 shares), amounting to ₹207,900, and for bNII, it is 68 lots (3,060 shares), amounting to ₹1,009,800. The issue includes a reservation of up to 88,335 shares for employees offered at a discount of Rs 31 to the issue price. Axis Capital Limited, Equirus Capital Private Limited and Jm Financial Limited are the book running lead managers of the Harsha Engineers IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Harsha Engineers IPO RHP for detailed information.
Incorporated in 2010, 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.
Compititve Strengths:
- Comprehensive solution provider offering a diversified suite of precision engineering products across geographies and end-user industries.
- Long-standing relationships with leading clientele.
- Strategically located domestic and international production facilities and warehouses.
- Expertise in Tooling, design development and automation.
- Consistent track record of growth and financial performance.
- Strong, experienced and dedicated senior management team and qualified workforce.
FAQs About Harsha Engineers International Ltd
Harsha Engineers International Ltd will open on 14 Sep, 2022 and close on 16 Sep, 2022. Investors must apply within this period to participate.
The Harsha Engineers International Ltd price band is set between ₹314.00 and ₹330.00 per share. The minimum lot size is 45, requiring an investment of at least ₹14850.00.
The Harsha Engineers International Ltd shares are expected to be listed on 26 Sep, 2022, subject to regulatory approvals and final allotment.
You can track your Harsha Engineers International Ltd application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Harsha Engineers International Ltd will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.