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HARSHAEQ / NSE, BSEListed
Harsha Engineers International

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 Price₹450.00
Listing Gain+36.36%

IPO Schedule & Timeline

Bookbuilding IPO
Open14 Sep 2022
Close16 Sep 2022
Allotment22 Sep 2022
Listing26 Sep 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB1,14,01,470 shares
49.82%
Nii (hni)34,20,450 shares
14.95%
Retail79,81,065 shares
34.87%
Employee83,610 shares
0.37%

Minimum Application Lots

Retail1 Lot (45 shares)
₹14,850
sHNI14 Lots (630 shares)
₹2,07,900
bHNI68 Lots (3,060 shares)
₹10,09,800

Company Promoters

Rajendra ShahHarish RangwalaVishal RangwalaPilak Shah

Company Background

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 ...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-19 )₹117.9 Cr
Growth-91.2%
Revenue Trend (₹ in Crores)
0.0513.31.0k1.5kMar-22 Mar-21 Mar-20 Mar-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-19 117.9-27.41 1950
Mar-20 899.521.91973.240
Mar-21 876.7345.44981.070
Mar-22 133991.941158.250

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
22 Sep 2022
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
26 Sep 2022

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

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Allotment Schedule & Milestones

IST
1. Allotment Finalization22 Sep 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date26 Sep 2022Trading commences on exchange

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About Harsha Engineers International IPO

Complete issue overview for Harsha Engineers International (HARSHA) IPO. The issue features an equity share price band of ₹314 – ₹330 per share with a minimum retail lot size of 45 Shares (minimum application amount of ₹14,850). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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