Harsha Engineers IPO Date, Review, Price, Allotment & Analysis

Harsha Engineers IPO date is fixed yet, the IPO is to open on [.] and will close on [.]. Harsha Engineers IPO to raise around ₹755 crores via IPO that comprises fresh issue of ₹455 crores and offer for sale up to ₹300 crores of ₹10 each. The retail quota is 10%, QIB is 75%, and HNI is 15%.

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. You can check Harsha Engineers IPO subscription status and Harsha Engineers IPO allotment status on their respective pages. Harsha Engineers raised ₹252 crores from anchor investors, ahead of IPO on August 11, 2022.

Objects 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.

Harsha Engineers IPO Review (Good or Bad)

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Axis Bank: To be updated soon
• KR Choksey: To be updated soon
• Canara Bank: To be updated soon
• Choice Broking: To be updated soon
• Hem Securities: To be updated soon
• Reliance Securities: To be updated soon

Harsha Engineers IPO Form

How to apply for the Harsha Engineers IPO? You can apply for Harsha Engineers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Harsha Engineers IPO in the Invest section. The other option is you can apply for Harsha Engineers IPO via IPO forms downloaded via NSE and BSE. Check out the Harsha Engineers forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

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

Check Harsha Engineers IPO allotment status on Linkintime website allotment URL. Click Here

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/

Harsha Engineers IPO FAQs

Note: The Harsha Engineers IPO price band and date are officially announced. The IPO grey market premium (Harsha Engineers IPO Premium) will be added to the IPO grey market page as it will start).