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Harsha Engineers International Ltd.

Harsha Engineers International Ltd.

NSE & BSE · Mainboard IPO
Listed NSE & BSE Mainboard Live Chart
Issue Price
₹330
₹330
GMP (Grey Market)
NIL
Unofficial data only
Est. Listing Price
₹330
Based on GMP
Min. Investment
₹14,850
1 lot × 45 shares
Subscribed
1.00x
Over-subscribed
IPO Details
Open Date
14 Sep 2022
Close Date
16 Sep 2022
Allotment
21 Sep 2022
Listing Date
26 Sep 2022
Exchange
NSE & BSE
Price Band
₹330
Listing Price
See chart
Allotment Status
Price Band
₹330
Per share
Face Value
₹10 per share
 
Lot Size
45 Shares
per lot
Issue Size
2,28,86,595 shares (aggregating up to ₹755.00 Cr)
Total offering
Issue Type
Bookbuilding IPO
 
Min Investment
₹14,850
1 lot
Pre-IPO Holding
7,72,48,410 shares
Promoters
Post-IPO Holding
9,10,44,105 shares
Promoters
P/E (Pre)
32.67x
 
UPI Deadline
2022-09-16
Mandate
Anchor AllotmentTue, 13 Sep 2022
Basis of AllotmentWed, 21 Sep 2022
Refund InitiationThu, 22 Sep 2022
Demat CreditFri, 23 Sep 2022
Listing DayMon, 26 Sep 2022
UPI Mandate Deadline2022-09-16
Sale TypeFresh Capital-cum-Offer for Sale
Fresh Issue Shares1,37,95,695 shares (aggregating up to ₹455.10 Cr)
Offer for Sale90,90,900 shares of ₹10 (aggregating up to ₹299.90 Cr)
QIB Quota50% of Net Issue
HNI / NII Quota15% of Net Issue
Retail Quota35% of Net Issue
Check AllotmentClick here →
Subscription Rate Final
Harsha Engineers International Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 16 Sep 2022.
QIB
1.00x
Over
NII/HNI
1.00x
Over
Retail
1.00x
Over
Total
1.00x
Over
Category Subscription Shares Offered % of Total Amount (₹Cr)
QIB
Over 1.00x
NII / HNI
Over 1.00x
Retail
Over 1.00x
Total 1.00x
22,886,595
100% ₹755.26
IPO Shares Offered
Harsha Engineers International Ltd. IPO total issue size: ₹755.26 Cr.
CategoryShares OfferedAmount (₹Cr)Size (%)
Total 22,886,595 ₹755.26
100.00%
* Based on upper price band ₹330 per share
Lot Size & Investment
Lot Size
45
Shares per Lot
Issue Price
₹330.00
Upper Band
Min Investment
₹14,850
1 Lot
ApplicationLotsSharesAmount
Retail (Min — 2 Lots)290₹29,700
Retail (Max — 13 Lots)13585₹193,050
S-HNI (Min — 14 Lots)14630₹207,900
B-HNI (Min — 68 Lots)683,060₹1,009,800
* Issue Price ₹330 × Lot Size 45 shares
IPO Schedule
Anchor
13 Sep 2022
✓ Done
IPO Open
14 Sep 2022
✓ Done
IPO Close
16 Sep 2022
✓ Done
Allotment
21 Sep 2022
✓ Done
Refunds
22 Sep 2022
✓ Done
Demat Credit
23 Sep 2022
✓ Done
Listing Day
26 Sep 2022
✓ Done
Harsha Engineers International Ltd. — Live Price LIVE
₹330.00
INR · BSE
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Issue ₹330.00 Live Price
About Harsha Engineers International Ltd.
Incorporated in 2010, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue in organised 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.The business comprises of two segments:1. Engineering business, under which the company manufactures bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings.2. Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector.As of September 30, 2021, Harsha Engineers International have been able to manufacture more than 7,205 bearing cages and more than 295 other products for customers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics and renewables sectors. In addition, over the past three years company's product development and innovation centre has developed more than 1,200 products in different bearing types.The company has five manufacturing facilities for 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 International Limited has three wholly owned subsidiaries, one in China -Harsha Precision Bearing Components (China) Co. Ltd, one in the United States of America -HASPL Americas Corporationand one in the Netherlands-Harsha Engineers B.V., and a stepdown subsidiary in Romania -Harsha Engineers Europe SRL.Compititve Strengths:Comprehensive solution provider offering a diversified suite of precision engineering products across geographies and end-user industries.Long-standing relationships with leading clientele.Strategically located domestic and international production facilities and warehouses.Expertise in Tooling, design development and automation.Consistent track record of growth and financial performance.Strong, experienced and dedicated senior management team and qualified workforce.
Objects of the Issue
1
1 Pre-payment or scheduled repaymentof a portion of the existing borrowing availed by our Company
2
2 Funding capital expenditure requirements towards purchase of machinery
3
3 Infrastructure repairs and renovation of our existing production facilities including office premises in India
4
4 General corporate purposes
Harsha Engineers International Ltd. Financials (Amount in Crore)
Revenue from Operations
₹876.7
31-Mar-21
₹899.5
31-Mar-20
₹117.9
31-Mar-19
Profit After Tax (PAT)
₹45.4
31-Mar-21
₹21.9
31-Mar-20
-₹27.4
31-Mar-19
Particulars31-Mar-1931-Mar-2031-Mar-21
Revenue from Operations 117.90 899.50 876.73
EBITDA N/A N/A N/A
Profit After Tax (PAT) -27.41 21.91 45.44
Net Worth 1.41 378.02 433.22
Total Assets 195.00 973.24 981.07
Reserves & Surplus N/A N/A N/A
Borrowings N/A N/A N/A
EBITDA Margin (%) N/A
PAT Margin (%) N/A
Issue Structure & Shareholding
Total Shares Offered2,28,86,595 (100.00%)
Net Offer to PublicN/A
Reserved for Market MakerN/A
Pre-Issue Promoter Holding7,72,48,410 shares
Post-Issue Promoter Holding9,10,44,105 shares
P/BV RatioN/A
RoEN/A
RoCEN/A
Debt / EquityN/A
Script CodeN/A
Registrar & Lead Managers
Book Running Lead Managers
Axis Capital Ltd.
Equirus Capital Pvt.Ltd.
JM Financial Ltd.
GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.
IPO Subscription FAQs
How much Harsha Engineers International Ltd. IPO subscribed?

Harsha Engineers International Ltd. IPO is subscribed 1.00 times by Sep 16, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor CategorySubscription
Qualified Institutional (QIB)1.00x
Non Institutional (NII/HNI)1.00x
Retail Individual1.00x
Total Subscription1.00x
What is Harsha Engineers International Ltd. IPO retail subscription status?

The Harsha Engineers International Ltd. IPO retail category is subscribed 1.00 times as of 16 Sep 2022. The retail portion is oversubscribed.

How to subscribe Harsha Engineers International Ltd. IPO?

Subscribe via your broker app using ASBA or UPI. Opens 14 Sep 2022 and closes 16 Sep 2022. Min investment: ₹14,850 (1 lot = 45 shares). UPI mandate: 2022-09-16.

How many times Harsha Engineers International Ltd. IPO subscribed?

The Harsha Engineers International Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Harsha Engineers International Ltd. IPO allotment?

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd.) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 21 Sep 2022. Refunds: on 22 Sep 2022.

When Harsha Engineers International Ltd. IPO will be listed?

The Harsha Engineers International Ltd. IPO listing date is 26 Sep 2022, Monday. Listed on: NSE & BSE. Issue price: ₹330. Estimated listing: ₹330. GMP: NIL.

When Harsha Engineers International Ltd. IPO close?

The Harsha Engineers International Ltd. IPO closes on 16 Sep 2022, Friday. UPI mandate: 2022-09-16. Allotment: 21 Sep 2022. Listing: 26 Sep 2022.