Harsha Engineers IPO Date, Review, Price, Allotment & Analysis

Harsha Engineers IPO date is fixed, the IPO is to open on September 14, 2022 and will close on September 16, 2022. Harsha Engineers IPO to raise around ₹755 crores via IPO that comprises fresh issue of ₹455 crores and offer for sale up to ₹300 crores of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Harsha Engineers International Limited, also known as Harsha, is one of the largest precision bearing cage manufacturers in India’s organised sector. The company was founded in 2010. The firm is a subsidiary of the Harsha Group. In terms of revenue, the company is one of the world’s leading manufacturers of precision bearing cages, with a market share of approximately 5% to 6% in the organised segment of the global brass, steel, and polyamide bearing cages. Brass Cages, Steel Cages, Polyamide Cages, and Stamped Components are among the products available. They sell their goods in over 25 countries across five continents.

They have manufacturing facilities in Changodar and Moraiya, Gujarat, India, near Ahmedabad. They also have a manufacturing facility in Changshu, China, and a step-down subsidiary in Ghimbav Brasov, Romania. They operate in two distinct business segments: engineering and solar EPC. Their products are used in industries such as automotive, railways, aviation and aerospace, construction, mining, agriculture, electrical and electronics, and renewables. The company maintains positive relationships with its key clients. They are tooling, design development, and automation experts. Harsha Engineers IPO subscription status and Harsha Engineers IPO allotment status can be found on their respective pages.

 

Objects of the Issue:

Prepayment or scheduled repayment of a portion of our Company’s existing borrowing.
Funding capital expenditures for the purchase of machinery.
Repairs and renovations to our existing production facilities, including office space in India.
General corporate objectives

Harsha Engineers IPO Review (Apply or Not)

• Apply for Short Term and Long Term Gain

Brokerage Firm IPO Review

• Capital Market: To be updated soon
• Axis Bank: To be updated soon
• KR Choksey: To be updated soon
• Canara Bank: To be updated soon
• Choice Broking: To be updated soon
• Hem Securities: To be updated soon
• Reliance Securities: To be updated soon

Harsha Engineers IPO Form

How to apply for the Harsha Engineers IPO? You can apply for Harsha Engineers IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Harsha Engineers IPO in the Invest section. The other option is you can apply for Harsha Engineers IPO via IPO forms downloaded via NSE and BSE. Check out the Harsha Engineers forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.

Peer Group

• Timken India Limited
• SKF India Limited
• Rolex Rings Limited
• Sundaram Fasteners Limited

Company Promoters

• Rajendra Shah
• Harish Rangwala
• Vishal Rangwala
• Pilak Shah