Harsha Engineers International Limited
IPO Details
Subscription
Lot Distribution
Reservation
Company Fin.
₹131(39.70%)
Premium (ELP)
The Initial Public Offering of Harsha Engineers International Limited's culminated in its successful listing on Sep 26, 2022 at the NSE, BSE trading platform. The company secured 2,28,86,595 Shares through this capital market exercise, withTBD allocated to new capital formation and ₹299.90 Cr to existing shareholder liquidity.
Investors participated within the price parameters of ₹314 to ₹330, with minimum investment requirements of 45 shares. The subscription period from Sep 14, 2022 to Sep 16, 2022 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Sep 22, 2022. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Rajendra Shah
- Harish Rangwala
- Vishal Rangwala
- Pilak Shah
Harsha Engineers International Limited
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