Harsha Engineers International Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹314 - ₹330
- Lot size
- 45 shares
- Issue amount
- ₹755 cr
- Total subscription
- 74.7×
- Opens
- 14 Sept 2022
- Closes
- 16 Sept 2022
- Allotment
- 22 Sept 2022
- Listing
- 26 Sept 2022
Offer at a glance
Issue overview
- Issue size
- 2,28,86,595 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,130
- Fresh issue
- ₹455.1 cr
- Offer for sale
- ₹299.9 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,850
- Issue type
- Bookbuilding IPO
- Shares before issue
- 7,72,48,410
- Shares after issue
- 9,10,44,105
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 45 | ₹14,850 |
| sHNI | 14 | 630 | ₹2,07,900 |
| bHNI | 68 | 3,060 | ₹10,09,800 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 158.17 | 28,194.36 |
| RETAIL | 276.8 | 4,879.61 |
| NIB | 118.63 | 8,460.64 |
| HNIs 2+ | 39.54 | 2,546.9 |
| HNIs 10+ | 79.09 | 5,913.74 |
| EMPLOYEES | 2.92 | 35.17 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Company information
Company profile
Incorporated in 2010, Harsha Engineers International Limited, part of the Harsha Group, is India’s largest organised-sector manufacturer of precision bearing cages by revenue, supplying to customers across 25+ countries spanning North America, Europe, Asia, South America, and Africa. The company operates through two segments: Engineering, which includes the manufacturing of precision bearing cages in brass, steel, and polyamide, as well as specialised stamped components, welded assemblies, brass castings, and bronze bushings; and Solar EPC, where it offers turnkey solar photovoltaic solutions along with operations and maintenance services. As of September 30, 2021, Harsha Engineers has produced over 7,205 bearing cages and 295+ other products for diverse industries such as automotive, railways, aerospace, mining, agriculture, and electronics, with its innovation centre developing 1,200+ new products in the last three years. The company operates five engineering manufacturing facilities—three in Gujarat (Changodar and Moraiya) and two international units in China and Romania—and has wholly owned subsidiaries in China, the USA, and the Netherlands, along with a step-down subsidiary in Romania.
Promoters
Rajendra Shah
Harish Rangwala
Vishal Rangwala
Pilak Shah
Registrar & documents
Lead manager
Axis Capital Limited, Equirus Capital Private Limited, Jm Financial Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
NH-8A, Sarkhej- Bavla Highway, Changodar, Ahmedabad 382213
+91 2717-618200
[email protected]Company website ↗Understanding HARSHA IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.