Harsha Engineers IPO Date, Review, Price, Form & Market Lot Details
Published 4 Feb 2022 · Main-IPO
Harsha Engineers is established in 1986.
Harsha Engineers is a largest manufacturer of precision bearing cages, in terms of revenue, in organsied sector in India, and amongst the leading manufacturers of precision bearing cages in the world. They offer diversified suite of precision engineering products across geographies and end-user industries.
The business comprises (i) engineering business, under which They manufacture bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings; and (ii) solar EPC business, under which They provide complete comprehensive turnkey solutions to all solar photovoltaic requirements.
They have approximately 50% of the market share in the organised segment of the Indian bearing cages market and 5.2% of the market share in the global organised bearing cages market for brass, steel and polyamide cages in CY 2020.
They have five strategically located manufacturing facilities for our engineering business with two of our principal manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat in India, and one manufacturing unit each at Changshu, China and Ghimbav Brasov in Romania
Company Strengths
1) Comprehensive solution provider offering diversified suite of precision engineering products across geographies and enduser industries
2) Long standing relationships with leading clientele
3) Strategically located domestic and international production facilities and warehouses
4) Expertise in Tooling, design development and automation
5) Consistent track record of growth and financial performance
6) Strong, experienced and dedicated senior management team and qualified workforce
Industry Peers
1) Timken India Limited
2) Rolex Rings Limited
3) SKF India Limited
4) Sundaram Fasteners Limited
Harsha Engineers IPO Promotors
1) Rajendra Shah
2) Harish Rangwala
3) Pilak Shah
4) Charusheela Rangwala
5) Nirmala Shah
Harsha Engineers IPO Date, Details & Price Band
| IPO Opening Dates | 14-Sep-2022 |
| IPO Closing Dates | 16-Sep-2022 |
| Price Band | 314-330 Rs |
| Offer For Sale | 300 Crore |
| Fresh issue | 455 Crore |
| Total IPO size | 755 Crore |
| Minimum bid (lot size) | 45 Shares |
| Face Value | 10 INR Per Share |
| Retail Allocation | 10% |
| HNI Allocation | 15% |
| QIB Allocation | 75% |
| Employee Discount | Update Soon |
| Listing On | NSE, BSE |
Harsha Engineers IPO Market Lot
The Harsha Engineers IPO minimum market lot is 45 shares With 14,850 ₹ Amount per application.
| Lot | No of Shares | Amount | |
| Retail Minimum | 1 | 45 | 14,850 Rs |
| Retail Maximum | 13 | 585 | 1,93,050 Rs |
| S-HNI Minimum | 14 | 630 | 2,07,900 Rs |
| S-HNI Maximum | 67 | 3,015 | 9,94,950 Rs |
| B-HNI Manimum | 68 | 3,060 | 1,009,800 Rs |
Restated Financial Record of the three year (Amt. in Millions)
| Total Assets | Total Revenue | Profit After Tax | Earnings per equity share(Basic) | |
| 30-Sep-22 | 10,776.65 | 6,376.25 | 437.07 | 8.74 |
| 31-Mar-21 | 9,810.68 | 8,767.34 | 454.39 | 9.09 |
| 31-Mar-20 | 9,732.39 | 8,995.05 | 219.09 | 6.26 |
Harsha Engineers IPO Prospectus
| Harsha Engineers IPO | |
| RHP | Download |
Harsha Engineers IPO Reviews
Angel Broking – Update Soon
Choice Broking – Update Soon
Prabhudas Lilladher – Update Soon
Harsha Engineers IPO Form Download
You can download Harsha Engineers International IPO application online.
Harsha Engineers IPO Allotment Date & Details
| Allotment Date | 21-Sep-2022 |
| Initiation of refunds | 22-Sep-2022 |
| Transfer of shares to Demat accounts | 23-Sep-2022 |
| Listing Date | 26-Sep-2022 |
Registrar of Harsha Engineers IPO
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Website: http://www.linkintime.co.in
Email: [email protected]
Phone: +91-22-4918 6270
Fax: +91-22-4918 6060
Harsha Engineers Contact Details
Harsha Engineers Limited
NH-8A, Sarkhej-Bavla Highway,
Changodar, Ahmedabad
382213, Gujarat,
India.;
Tel: + 91 2717-618200
E-mail: [email protected];
Website: www.harshaengineers.com;
Corporate Identity Number: U29307GJ2010PLC063233
Harsha Engineers IPO Lead Managers
Axis Capital Limited
Equirus Capital Private Limited
JM Financial Limited
FAQ Question
- When is Harsha Engineers IPO Listing Date?
Harsha Engineers IPO listing date is 26-Sep-2022.
- When Harsha Engineers IPO allotment?
Harsha Engineers IPO Allotment date is 21-Sep-2022.
- What is Harsha Engineers IPO GMP ( Grey market premium) ?
Check latest IPO GMP
- What is the lot size of Harsha Engineers IPO?
45 Shares Minimum.
- How to apply in Harsha Engineers IPO through Zerodha?
1) Log in to Console on the Zerodha website. 2) Navigate to Portfolio and choose the IPOs link. 3) Click the 'Bid' button in the 'Harsha Engineers IPO' row. 4) Fill in your UPI ID, Quantity, and Price. 5) Fill out the IPO application form and click the " Submit " button. 6) To approve the mandate, go to the UPI App (net banking or BHIM).
- How to check Harsha Engineers IPO Allotment?
User can check Harsha Engineers IPO Allotment on linkintime.co.in website.
- How to check Harsha Engineers IPO Subscription Status?
User can check Harsha Engineers IPO Subscription Status on our website.
- What is the Price band of Harsha Engineers IPO?
314-330 Rs.
- What is the Issue Size of Harsha Engineers IPO?
754 Crore
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