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Harsha Engineers International Limited

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.

₹314 - ₹33074.7x sub
Listed Price450.00
Listing Gain+36.36%
TimelineBookbuilding IPO
Open14 Sep 2022
Close16 Sep 2022
Allotment22 Sep 2022
Listing26 Sep 2022

Quota Reservation Portions

QIBPortion: 1,14,01,470 shares
49.82%
Nii (hni)Portion: 34,20,450 shares
14.95%
RetailPortion: 79,81,065 shares
34.87%
EmployeePortion: 83,610 shares
0.37%

Minimum Application Bracket Matrix

Retail1 lots / 45 shares
₹14,850
sHNI14 lots / 630 shares
₹2,07,900
bHNI68 lots / 3,060 shares
₹10,09,800

About the Company

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.

Company Promoters

Rajendra ShahHarish RangwalaVishal RangwalaPilak Shah