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Harsha Engineers IPO Date, Review, Price Band & Market Lot

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Incorporated in 2010, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue in the organized sector in India. The company is a part of the Harsha Group. The company supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America, and Africa. Harsha Engineer’s IPO Date are as follows, the IPO will open on 14th Sept and will close on 16th Sept 2022.

The business of Harsha Engineering comprises two segments, which are Engineering Business and Solar EPF Business. Harsha Engineers International Limited has been able to manufacture more than 7,205 bearing cages and more than 295 other products

The company has five manufacturing facilities for the engineering business with two manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, India, and one manufacturing unit each in Changshu, China, and Ghimbav Brasov in Romania.

Harsha Engineers IPO Review :

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Harsha Engineers International IPO Review

Harsha Engineers IPO Date & Price Band :

 IPO Open:Sep 14, 2022
 IPO Close:Sep 16, 2022
 IPO Size:₹755 Crores
 Price Band:₹314 to ₹330 per share
 Listing on:BSE & NSE
 Retail Portion:Not less than 35% of the Net Offer
 Equity:– shares
Face Value: ₹10 per share

Harsha Engineers IPO Market Lot:

  • Shares: Minimum 45 shares
  • Minimum Amount: ₹14,850
  • Maximum Amount: ₹193,050

Harsha Engineers IPO Allotment & Listing:

  • Basis of Allotment: Sep 21, 2022
  • Refunds: Sep 22, 2022
  • Credit to Demat accounts: Sep 23, 2022
  • Listing: Sep 26, 2022

Harsha Engineers IPO Form Download:
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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.

Harsha Engineers Financial:

Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-20973.24899.521.91
31-Mar-21981.07876.7345.44
31-Mar-221158.25133991.94

Peer Group

  • Timken India Limited
  • SKF India Limited
  • Rolex Rings Limited
  • Sundaram Fasteners Limited

Company Promoters

  • Rajendra Shah
  • Harish Rangwala
  • Vishal Rangwala
  • Pilak Shah

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Objectives of the IPO

  1. Funding capital expenditure requirements for developing an R&D facility and expansion / setting up of manufacturing facilities.
  2. Funding long-term working capital requirements.
  3. General corporate purposes.

Harsha Engineers IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: [email protected]
Websitehttps://linkintime.co.in/

Harsha Engineers IPO Lead Managers:

  1. Axis Capital Limited 
  2. Equirus Capital Private Limited 
  3. JM Financial Consultants Private Limited

Company Address:

Harsha Engineers International Ltd
NH-8A,
Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213
Phone: +91 2717-618200
Email: [email protected]
Websitehttp://www.harshaengineers.com/

What is Harsha Engineers IPO Open Date for QIB, NII, and Retail?

Harsha Engineers IPO will open on Sep 14, 2022

Harsha Engineers IPO Size?

Harsha Engineers IPO size is Approx ₹755 Crores

Harsha Engineers IPO Price Band?

Harsha Engineers IPO Price Band is ₹314 to ₹330 per share

Harsha Engineers IPO Minimum Lot Size?

The minimum bid is 45 Shares with a ₹14,850 shares

What is Harsha Engineers IPO Allotment Date?

Harsha Engineers IPO allotment date is Sep 21, 2022

What is Harsha Engineers IPO Listing Date?

Harsha Engineers IPO listing date is Sep 26, 2022. The IPO is to list on BSE and NSE.

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