Harsha Engineers IPO : Incorporated in 1986, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages in terms of capacity and operations in India.
List of Topic Covered
Key Features of Harsha Engineers IPO
- Harsha Engineers IPO will open on Sep 14, 2022
- You can apply in this IPO from Sep 14, 2022 to Sep 16, 2022.
- Issue Price band of the company is ₹314 to ₹330 per equity share.
- Harsha Engineers IPO comprises of a fresh issue of equity shares worth ₹455 Crores and Offer for sale of equity shares worth ₹300 Crores.
- It has a minimum 45 shares in one lot and you have to spend a minimum of ₹14,850 for 1 lot.
- Harsha Engineers is looking to raise ₹755 Crores through this IPO.
What is Harsha Engineers Ltd?
- Harsha Engineers International Limited is a TPM certified Precision Engineering Company manufacturing Bearing Cages and Stamped Components.
- Their production facilities are at Changodar and Moraiya near Ahmedabad in Gujarat.
- They have global production facilities as well i.e. in Changshu, China and in Romania.
- They have products like Brass cages, Steel cages, Polyamide cages and Stamped cages.
- They are a technology driven company with a strong focus on research and development
- Vishal Rangwala is the CEO of the the company.
- On the revenue front, company has been consistently making profits since last 3 years.
GMP of Harsha Engineers IPO
Grey market is an unregulated market to trade IPO shares before listing. Harsha Engineers IPO price band is placed at ₹314 to ₹330 , but the grey market premium of this share is currently 235 (71.21%) i.e. at ₹565 (₹330 + ₹235). So the share price of Harsha Engineers IPO in the grey market is ₹565.
Click here to Get Details IPO Grey Market Premium (GMP) Live
Harsha Engineers IPO Live Subscription Status
Harsha Engineers subscribed 74.70 times on it’s final day of listing i.e. till 16th Sep, 2022.
Click here to Get Details IPO Subscription Status Live
Harsha Engineers IPO Date, Lot Size, Allotment
Harsha Engineers IPO Details
| IPO Start Date | September 14, 2022 |
| IPO Close Date | September 16, 2022 |
| Fresh Equity Share Issue | Approx. ₹455 Crores worth of equity shares |
| Offer for Sale | Approx. ₹300 Crores worth of equity shares |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹314 – ₹330 Per Equity Share |
| Retail Quota Share | 35% |
| QIB Quota | 50% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Harsha Engineers IPO Timetable
| IPO Start Date | September 14, 2022 |
| IPO Close Date | September 16, 2022 |
| Basis of Share Allotment Date | September 21, 2022 |
| Refunds Date | September 22, 2022 |
| Credit of shares to Demat Account Date | September 23, 2022 |
| Harsha Engineers IPO Listing Date | September 26, 2022 |
Harsha Engineers IPO Lot Size
| Minimum Lot Size | 45 shares for 1 lot |
| Minimum Amount | ₹ 14,850 for 1 lot |
| Maximum Lot Size | 585 Shares (13 lot) |
| Maximum Amount | ₹193,050 (for 13 Lot) |
Harsha Engineers Ltd Financial Report (2020-2022)
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2022 (6M) | ₹638 | ₹578 | ₹43.71 |
| 2021 | ₹877 | ₹816 | ₹45.44 |
| 2020 | ₹900 | ₹868 | ₹21.91 |
Harsha Engineers IPO – Basis of Allotment
- Harsha Engineers IPO’s 50% quota is reserved for the QIB category.
- 15% quota is reserved for NII Category and
- 35% quota is reserved for retail investors.
How to Apply in Harsha Engineers IPO ?
- You can apply for the Harsha Engineers IPO through the ASBA facility available in your bank account.
- Just login to your online banking. Go to the IPO section and apply for Harsha Engineers IPO.
- Also you can apply in this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Harsha Engineers IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Harsha Engineers IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Harsha Engineers IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Harsha Engineers IPO
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Harsha Engineers IPO Allotment Status
You can check Harsha Engineers IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Harsha Engineers IPO
Harsha Engineers Bank IPO Promoters
- Rajendra Shah
- Harish Rangwala
- Vishal Rangwala
- Pilak Shah
Harsha Engineers IPO Lead Managers
- Axis Capital Limited
- Equirus Capital Private Limited
- JM Financial Consultants Private Limited
Harsha Engineers Contact Information
Harsha Engineers International Ltd
NH-8A,
Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213
- Phone: +91 2717-618200
- Email: sec@harshaengineers.com
- Website: http://www.harshaengineers.com/
Harsha Engineers IPO Registrar Contact Information
Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: tmb.ipo@linkintime.co.in
- Website: harshaengineers.ipo@linkintime.co.in
Paisa kaudi recommendation on Harsha Engineers IPO
Harsha Engineers is the largest manufacturer of precision bearing cages in India. Price band is reasonable. Grey market premium is already ₹220. Can be considered for a long term gain. You can also invest in this IPO for more than 50% listing gain.
Keep checking the GMP for more clear picture. Stay alert as markets are volatile now a days.
Harsha Engineers Bank IPO FAQs
Harsha Engineers IPO is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx ₹755 Crores through this IPO. One lot has minimum 45 shares and you have to spend a minimum ₹14,850 for 1 lot.
Harsha Engineers IPO price band is ₹314 to ₹330.
One lot has minimum 45 shares and you have to spend a minimum ₹14,850 for 1 lot. Maximum lot is 13 and you have to spent ₹193,050.
Harsha Engineers IPO’s 35% quota is reserved for retail investors. 15% quota is reserved for NII Category and 50% quota is reserved for the QIB category.
Harsha Engineers IPO will open on September 14, 2022.
Basis of Allotment for TMB IPO will happen on September 21, 2022 and allotted shares will be deposited in your demat account on September 23, 2022.
Shares of Harsha Engineers IPO will list in the market on September 26, 2022.
This covers all the points on Harsha Engineers IPO. Please write in the comment box if you need any further information on this.