The largest manufacturer of precision bearing cages company Harsha Engineers IPO will be hit the market 14 September 2022 and closes on 16 September 2022. According to RHP, the company wants to raise of fund ₹755 crore through IPO. The company will issue fresh shares of ₹300 crores through this IPO and will issue shares through offer for sale of ₹455 crores.
The company has reserved 50% for QIB, 15% for NII and 35% for Retail Investor in this IPO.
Harsha Engineers International Limited is the e 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. The company 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 FY 2020. You can check here to know Harsha Engineers IPO GMP and Harsha Engineers IPO subscription status here.
The company offer a wide range of bearing cages starting from 20 mm to 2,000 mm in diameter and our bearing cages find its application in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors etc. The company offer diversified suite of precision engineering products across geographies and end-user industries.
The company operate business in 2 segments.
- Engineering business : under which the company manufacture bearing cages (in brass, steel and polyamide materials), complex and specialised pr ecision stamped components, welded assemblies and brass castings and cages & bronze bushings.
- Solar EPC business : under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements.
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The company design and tool development unit, which housed a team of 239 qualified engineers (including solar EPC business) as of September 30, 2021. and the company manufacture more than 7,205 bearing cages and more than 295 other products for customers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors, allowing us to meet changing customer requirements. In addition, over the past three years our product development and innovation centre has developed more than 1,200 products in different bearing types.
The company 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. and the company supply products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa.
The company have entered into arrangements to stock inventory in warehouses spread across more than 20 locations across the world including in, Europe, US, China and South America. Check Harsha Engineers IPO Allotment Status here.
Object 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; and
- General corporate purposes.
Company Strengths :
- Comprehensive solution provider offering diversified suite of precision engineering products across geographies and enduser industries.
- Long standing relationships with leading clientele.
- Strategically located domestic and international production facilities and warehouses.
- Expertise in Tooling, design development and automation.
- Consistent track record of growth and financial performance.
- Strong, experienced and dedicated senior management team and qualified workforce.
Harsha Engineers IPO Review :
| Details | Valuation |
|---|---|
| PAT 2022 : | ₹91.94 Cr |
| Issue Price : | ₹330/ EQ (Cut Off) |
| EPS 2022 : | ₹16.06 (March 2022) |
| PE Ratio : | 20.54 |
| RoNW : | 17.42% (March 2022) |
| NAV Value : | ₹68.34 (March 2022) |
| Total Assets : | ₹1158.25 Cr |
| Market Cap : | ₹2550.00 Cr Approx |
| Promoter Holding : | 99.70% Pre Issue 66.00% Post Issue |
| Team Review : | ✔ Apply For Listing Gain And Long Term |
Harsha Engineers IPO Date & Price Band & Details :
| IPO Open : | 14 September 2022 |
| IPO Close : | 16 September 2022 |
| IPO Size : | ₹755.00 Cr Approx |
| Face Value : | ₹10. Equity Share |
| Price Band : | ₹314–₹330 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹755.00 Cr {up to 22,886,642 Shares} |
| Fresh Issue : | ₹455.00 Cr |
| Offer For Sale : | ₹300.00 Cr |
| EMP Size : | ₹2.50 Cr {83612 Shares} |
| EMP Discount: | ₹31 Per Shares |
Harsha Engineers IPO Market Lot :
Harsha Engineers IPO Minimum Market lot is 1 Lot with 45 shares with ₹14,850 Application amount. The retail investors can apply up to 13 lots with 585 Shares or ₹193,050 amounts.
| Minimum Lot Size : | 1 Lot |
| Minimum Share : | 45 Shares |
| Minimum Amount : | ₹14,850 |
| Maximum Lot Size : | 13 Lot |
| Maximum shares : | 585 Shares |
| Maximum Amount : | ₹193,050 |
Harsha Engineers IPO Shares Offer :
A Total of 22,886,642 shares are to be bid for the public issue by Harsha Engineers IPO with 13,795,733 for Fresh issue and 90,90,909 for offer for sale Shares.
| Category | Shares Offers | Amount |
| Fresh issue : | 13,795,733 | ₹455.00 Cr |
| Offer For Sale : | 90,90,909 | ₹300.00 Cr |
| Total : | 22,886,642 | ₹755.00 Cr |
Harsha Engineers IPO Reservation :
Harsha Engineers IPO Total Reservation of 22,886,642 shares are to be bid for the public issue by Harsha Engineers IPO with 11,401,515 for QIB and 34,20,454 for NII 79,81,060 For RII & 83,612 Shares EMP.
| Category | Reservation | Shares | Amount |
| QIB : | 50% | 11,401,515 | ₹376.25 Cr |
| NII : | 15% | 34,20,454 | ₹112.87 Cr |
| RII : | 35% | 79,81,060 | ₹263.38 Cr |
| EMP : | – % | 83,612 | ₹2.50 Cr |
| Total : | 100% | 22,886,642 | ₹755.00 Cr |
Harsha Engineers IPO EPS & RoNW:
The Harsha Engineers company’s EPS growth and RoNW increasing last three financial year, which is shown to you in the table here.
| Year | EPS Growth in (Rs.) | Return On Net Worth % |
|---|---|---|
| 2022 | ₹16.06 | 17.42 |
| 2021 | ₹9.09 | 10.49 |
| 2020 | ₹6.26 | 5.80 |
Harsha Engineers IPO Peer Comparison PE :
The Harsha Engineers, According to DRHP of the company four company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Timken India Limited | 104.49 |
| 2. | SKF India Limited | 65.36 |
| 3. | Rolex Rings Limited | 36.57 |
| 4. | Sundaram FastenersLimited | 50.94 |
Harsha Engineers IPO Dates :
Harsha Engineers IPO Date is 14 September 2022 and closes on 16 September 2022. The allotment will be finalized on 21 September 2022 and the IPO may list on 26 September 2022.
| Open Date : | 14 September 2022 |
| Close Date : | 16 September 2022 |
| Allotment Date : | 21 September 2022 |
| Refund Date : | 22 September 2022 |
| Share Credit Date : | 23 September 2022 |
| Listing Date : | 26 September 2022 |
Harsha Engineers IPO Form :
There are two ways to apply in Harsha Engineers IPO. You can apply for Harsha Engineers IPO through ASBA available in your bank account. You have to go to your online bank login and select Harsha Engineers IPO in the Invest section and apply through your bank account. Another option is you can apply for Harsha Engineers IPO through IPO form download through NSE and BSE. See the Harsha Engineers IPO Form – Download the NSE Form and BSE Form IPO Form, fill it, and submit it to your bank or your broker.
Harsha Engineers Company Financial Report (millions) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹13,389.99 | ₹12,123.80 | ₹919.44 |
| 2021 | ₹8,767.34 | ₹8,160.12 | ₹454.39 |
| 2020 | ₹8,995.05 | ₹8,679.20 | ₹219.09 |
| 2019 | ₹1,179.05 | ₹1,565.20 | ₹274.07 |
Company Promoters :
■ Rajendra Shah
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
Harsha Engineers IPO Lead Managers :
■ Axis Capital Limited
■ Equirus Capital Private Limited
■ JM Financial Limited
Harsha Engineers IPO Registrar :
Link Intime India Private Limited
C-101, 247 Park,
L.B.S. Marg, Vikhroli (West),
Mumbai 400 083, Maharashtra, India
Telephone: +(91) 2249-186200
E-mail: [email protected]
Investor Grievance E-mail:[email protected]
Website: www.linkintime.co.in
Note: Check Harsha Engineers IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
Harsha Engineers International Limited
Harsha Abakus Solar Private Limited)
NH-8A, Sarkhej-Bavla Highway,
Changodar, Ahmedabad 382213,
Gujarat, India
Telephone: + (91) 2717-618200
E-mail: [email protected]
Website: www.harshaengineers.com
Harsha Engineers IPO FAQs :
What is Harsha Engineers IPO?
Harsha Engineers IPO is Mainboard IPO. They are going to raise ₹755.00 Crores via IPO. The issue is priced at ₹314-₹330 per equity share. The IPO is to be listed on NSE, BSE.
When Harsha Engineers IPO will open?
The IPO is to open on 14 Sep – 16 Sep 2022 for QIB, NII & RII.
What is Harsha Engineers IPO Size?
Harsha Engineers IPO size is ₹755.00 Crores.
What is the Fresh issue size of Harsha Engineers IPO?
The Fresh issue size of Harsha Engineers IPO ₹455.00 Cr.
What is the Offer For Sale size of Harsha Engineers IPO?
The Offer For Sale size of Harsha Engineers IPO ₹300.00 Cr.
What is Harsha Engineers IPO Price Band?
Harsha Engineers IPO Price Band is ₹314-₹330 Per share.
What is Harsha Engineers IPO Minimum and Maximum Lot Size?
The minimum 45 Shares with ₹14,850 amount while the maximum 585 shares with ₹193,050.
What is Harsha Engineers IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35%.
What is Harsha Engineers IPO Allotment Date?
Harsha Engineers IPO allotment date is 21 September 2022.
What is Harsha Engineers IPO Listing Date?
Harsha Engineers IPO listing date is 26 September 2022. The IPO to list on NSE, BSE.
How to Apply the Harsha Engineers IPO through Zerodha?
Log in to Console in Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “Harsha Engineers IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Harsha Engineers IPO through Upstox?
Log in to Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “Harsha Engineers IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Harsha Engineers IPO through Groww?
Log in to Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “Harsha Engineers IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the Harsha Engineers IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest is IPOs Section and Click on IPO. You will see the IPO Name “Harsha Engineers IPO”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| Harsha Engineers IPO GMP: Click Here Harsha Engineers IPO Subscription: Click Here Harsha Engineers IPO Allotment: Click Here Harsha Engineers IPO Listing: Click Here |
All Harsha Engineers IPO-related links are available here. If you want to know the details then click on Click Here Link.
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