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.
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Harsha Engineers IPO Details
| Subscription Dates | 14 – 16 September 2022 |
| Price Band | INR314 – 330 per share |
| Fresh issue | INR455 crore |
| Offer For Sale | INR300 crore |
| Total IPO size | INR755 crore |
| Minimum bid (lot size) | 45 shares (INR14,850) |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Harsha Engineers IPO Market Lot
The Harsha Engineers IPO minimum market lot is 45 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots with 585 shares or ₹193,050 amount.
Harsha Engineers IPO Allotment & Listing Dates
The Harsha Engineers IPO date is September 14 and the close date is September 16. The Harsha Engineers IPO allotment will be finalized on September 21 and the IPO listing on September 26.
Harsha Engineers Company Financial Report
| Rs. in Crores | |||||
| Revenue(Rs.) | Expense(Rs.) | PAT(Rs.) | |||
| 2019 | 118 | 157 | 27.41 | ||
| 2020 | 900 | 868 | 21.91 | ||
| 2021 | 877 | 816 | 45.44 | ||
| 2022 6M | 638 | 578 | 43.71 | ||
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: harshaengineers.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Harsha Engineers IPO Allotment Status Check
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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: sec@harshaengineers.com
Website: http://www.harshaengineers.com/
