The Harsha Engineers IPO has begun on 14 Sep 2022. It will close on 16 Sep 2022. The Total IPO Size is 755 Crore. The company set its IPO price is 330 Rs Per Share. Basically, there are four basic categories in Harsha Engineers IPO Subscription 1) Non-Institutional Investors 2) Retail Individual Investors (RIIs) 3) Qualified Institutional Buyers (QIBs) 4) Employee Reserved .
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.
Can we Subscribe Harsha Engineers IPO?
In our view, Yes.
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Harsha Engineers IPO Subscription Status( Last updated on 16 Sep 2022 | 07:00:00 PM )
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