Harsha Engineers International Limited IPO - Review, Status, Price, Open Date, Allotment, Lot Size

 

Harsha Engineers International Limited IPO

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Harsha Engineers International Limited IPO

Harsha Engineers International Limited was incepted in the year 1986. It is the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations. Also, it is among 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, polyamide bearing cages in terms of revenue.

Harsha Engineers is a technology driven company with a strong focus on research and development, which has allowed them to develop products which are very much suitable to their customers’ requirements. They have expertise to design and develop advance tooling in-house which enables them to manufacture complex products.

Company Promoters:
• Rajendra Shah
• Harish Rangwala
• Vishal Rangwala
• Pilak Shah

Objects of this Issue:
• Pre-payment or scheduled repayment of a portion of the existing borrowing availed by the Company.
• Funding the capital expenditure requirements towards purchase of machinery.
• Infrastructure repairs and renovation of their existing production facilities including office premises in India.
• General corporate purposes.


Financial Information of the Company:

 

Amount in Million (Rs.)

As on 31 Mar 2022

As on 31 Mar 2021

As on 31 Mar 2020

Total Assets

11,582.53

9,810.68

9,732.39

Total Liabilities

6,393.93

5,538.91

6,012.59

Net Profit

919.44

454.39

219.09

The offer:

Particulars

Shares Available for allotment

Percentage of Shares Available for allotment

QIB

47,92,950 Equity shares

Not more than 50% of the net offer size

Non-Institutional Portion

35,94,780 Equity shares

Not less than 15% of the net offer size

Retail

83,87,730 Equity shares

Not less than 35% of the net offer size

Eligible Employees

88,335 Equity shares

Not more than 5% of the post offer

Net offer size

1,68,63,795 Equity shares

N/A

 Harsha Engineers International Limited IPO Details

Issue Open

14 Sep 2022

Issue Close

16 Sep 2022

IPO Price

₹314 – ₹330 per equity share

Face Value

₹10 per equity share

IPO Size

₹755 Cr.

Listing At

NSE, BSE

IPO Lot Size

45 Shares

Harsha Engineers International Limited IPO Promoter Holdings:

Pre-Issue Share Holding

99.70%

Post-Issue Share Holding

 

Harsha Engineers International Limited IPO Schedule
1. Bid or Offer Opens on: 14th Sep 2022
2. Bid or Offer Closes on: 16th Sep 202
3. Finalization of BoA: 21st Sep 2022
4. Initiation of Refunds: 22nd Sep 2022
5. Credit of shares to demat account: 23rd Sep 2022
6. Listing Date: 26th Sep 2022

Harsha Engineers International Limited IPO Lot Size
Market lot size of the Harsha Engineers International Limited IPO is 45 shares. Minimum and Maximum order quantity is as follows:

Application

Lots

Shares

Amount

Retail

Minimum

1

45

₹14,850

Maximum

13

585

₹1,93,050

S-HNI

Minimum

14

630

₹2,07,900

Maximum

67

3015

₹9,94,950

B-HNI

Minimum

68

3060

₹10,09,800

Company Contact Details:
Harsha Engineers International Limited
NH-8A, Sarkhej- Bavla Highway, Changodar,
Ahmedabad 382213, Gujarat, India.

Phone: +91 2717-618200
Email: sec@harshaengineers.com
Website: http://www.harshaengineers.com/

Harsha Engineers International Limited IPO Registrar Details:
Link Intime India Private Limited
C 101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West),
Mumbai - 400083, Maharashtra, India

Phone: +91-22-4918 6270
Email: harshaengineers.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Frequently Asked Question

Market lot size of the Harsha Engineers IPO is 45 shares.
You will receive the allotted shares in your demat account on Sep 23, 2022.
Harsha Engineers IPO shares will get listed at BSE and NSE.
You can apply for an IPO from any place by using internet as it is an online process. You can apply for an IPO using 2 methods i.e., ASBA and UPI. ASBA facility is provided by your bank and UPI method is offered by your stock broker. You can invest in Harsha Engineers IPO by using any one of these method as per your convenience.
Harsha Engineers IPO will be closed on Sep 16, 2022.
Pre-issue share holdings of Harsha Engineers IPO promoters are 99.70%.
Link Intime India Private Limited is the registrar of Harsha Engineers IPO.
Face value of equity shares of Harsha Engineers IPO is ₹10.
If you do not get the allotment of Harsha Engineers shares, your IPO application amount will be released or credited back to your bank account via which you applied for this IPO.
Price of 1 share of Harsha Engineers IPO is ₹314 - ₹330.
Harsha Engineers IPO will get listed on Sep 26, 2022.
Harsha Engineers IPO is going to open on Sep 14, 2022.