Harsha Engineers IPO subscription is to open on Sep 14, 2022 and will close on Sep 16, 2022, the price band of the Harsha Engineers IPO is fixed at ₹ ₹ 314 – ₹ 330. Harsha Engineers is the largest manufacturer of precision bearing cages in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world.
- About Harsha Engineers
- Objects of the Issue
- Harsha Engineers Limited Financials:
- Harsha IPO Details
- Harsha IPO DRHP & RHP
- Harsha IPO Lot Size
- Harsha IPO Lead Managers
- Harsha IPO Registrar
- Harsha IPO Allotment Date, Listing Date and other Important Dates
- Company Registered and Corporate Office
- Company Promoters
- Harsha Engineers IPO – FAQS
About Harsha Engineers
Harsha Engineers is the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world. Harsha Engineers offers diversified suite of precision engineering products across geographies and end-user industries.
The business comprises:
(i) engineering business, under which we 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 we provide complete comprehensive turnkey solutions to all solar photovoltaic requirements.
Objects of the Issue
- Pre-payment or scheduled repayment of a portion of the existing borrowing availed by the Company;
- Funding capital expenditure requirements towards purchase of machinery;
- Infrastructure repairs and renovation of the existing production facilities including office premises in India; and
- General corporate purposes.
Harsha Engineers Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 11,582.53 | 9,810.68 | 9,732.39 |
| Total income | 13,389.99 | 8,767.34 | 8,995.05 |
| Total Expenses | 12,123.80 | 8,160.12 | 8,679.20 |
| Profit After Tax | 919.44 | 454.39 | 219.09 |
Harsha IPO Details
| Description | IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto [.] Equity Shares of ₹ 10 (aggregating up to ₹ 7,550 million) |
| Issue Open Date | 14-Sep-22 |
| Issue Close Date | 16-Sep-22 |
| Issue Type | Book Built |
| IPO Price Band | ₹ 314 – ₹ 330 |
| Face Value | ₹ 10 |
| Market Lot | 45 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 45 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE, BSE |
| NSE Symbol | HARSHA |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Harsha IPO DRHP & RHP
Harsha IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 45 | ₹ 14,850 |
| Maximum | 13 | 585 | ₹ 1,93,050 |
Harsha IPO Lead Managers
- Axis Capital Limited
- Equirus Capital Private Limited
- JM Financial Limited
Harsha IPO Registrar
Harsha IPO Allotment Date, Listing Date and other Important Dates
| Details | Date |
|---|---|
| Bid / Offer Opens on | 14-Sep-22 |
| Bid / Offer Closes on | 16-Sep-22 |
| Finalisation of Basis of Allotment | 21-Sep-22 |
| Initiation of refunds | 22-Sep-22 |
| Credit of the Equity Shares | 23-Sep-22 |
| Listing Date | 26-Sep-22 |
Company Registered and Corporate Office
NH-8A, Sarkhej-Bavla Highway,
Changodar, Ahmedabad 382213,
Gujarat, India
Website: www.harshaengineers.com
Company Promoters
- Rajendra Shah
- Harish Rangwala
- Vishal Rangwala and
- Pilak Shah
Harsha Engineers IPO – FAQS
What is the Harsha IPO Price?
The Harsha IPO price band is ₹ 314 – ₹ 330 per share
When Harsha IPO will open?
The Harsha Engineers IPO opens on Sep 14, 2022 and closes on Sep 16, 2022
What is the lot size of Harsha Engineers IPO?
The Harsha Engineers IPO lot size is 45 Equity Shares and the minimum order quantity is 45 Equity Shares
Who is the Registrar for Harsha Engineers IPO?
The Registrar for Harsha Engineers IPO is Link Intime India Private Limited
How to apply in Harsha Engineers IPO through UPI?
Check the step by step process here – Click here
How to apply in Harsha Engineers IPO through Zerodha?
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