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

Harsha Engineers IPO

Table of Contents

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 aka Harsha is one of the largest manufacturers of precision bearing cages in the organized sector in India. The company was incorporated in 2010. The company is a part of the Harsha Group. The company is amongst the leading manufacturers of precision bearing cages in the world with a market share of approximately 5% to 6% in the organized segment of the global brass, steel, and polyamide bearing cages in terms of revenue. The product range includes Brass Cages, Steel Cages, Polyamide Cages, and Stamped Components. They supply their products in over 25 countries covering five continents.

They have their manufacturing facilities at Changodar and Moraiya, near Ahmedabad in Gujarat in India. They also have a production facility through a subsidiary in Changshu, China, and a step-down subsidiary in Ghimbav Brasov in Romania. They have two segments of businesses – The engineering business and the Solar EPC business. They supply their products in the industries such as automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, and renewables sectors. The company has good relationships with its leading clients. They are the experts in tooling, design development, and automation. You can check Harsha Engineers IPO subscription status and Harsha Engineers IPO allotment status on their respective pages.

Objects of the Issue:

  • Pre-payment or scheduled repayment of a portion of the existing borrowing availed by our Company.
  • Funding capital expenditure requirements towards purchase of machinery.
  • Infrastructure repairs and renovation of our existing production facilities including office premises in India.
  • General corporate purposes.

Harsha Engineers IPO Review (Apply or Not)

  • Apply for Short Term and Long Term Gain


Brokerage Firm IPO Review

  • Angel One: Apply
  • Angel One: Apply
  • Arihant Capital Markets: May Apply
  • Canara Bank: Apply
  • Capital Market: May Apply
  • Hem Securities: Apply
  • LKP Securities: Apply
  • Motilal Oswal: Apply
  • Nirmal Bang: Apply
  • Ventura Securities: Apply

Harsha Engineers IPO Date & Price Band

 Harsha Engineers IPO Open: September 14, 2022
 Harsha Engineers IPO Close: September 16, 2022
 Harsha Engineers IPO Size: Approx ₹755 Crores
 Fresh Issue: Approx ₹455 Crores
 Offer for Sale: Approx ₹300 Crores
 Face Value: ₹10 Per Equity Share
 Harsha Engineers IPO Price Band: ₹314 to ₹330 Per Share
 Harsha Engineers IPO Listing on: BSE & NSE
 Retail Quota: 35%
 QIB Quota: 50%
 NII Quota: 15%
 Discount: N/A
 DRHP Draft Prospectus: Click Here
 RHP Draft Prospectus: Click Here
 Anchor Investors List: Click Here

Harsha Engineers IPO Market Lot

The Harsha Engineers IPO minimum market lot is 45 shares with ₹14,850 application amount. The retail investors can apply up-to 13 lots with 585 shares or ₹193,050 amount.

 Minimum Lot Size: Minimum 45 Shares for 1 lot
 Minimum Amount: ₹14,850 for 1 lot
 Maximum Lot Size: Maximum 585 Shares for 13 lot
 Maximum Amount: ₹193,050 for 13 lot

Harsha Engineers IPO Allotment & Listing Dates

The Harsha Engineers IPO date is September 14 and the close date is September 16. The Harsha Engineers IPO allotment will be finalized on September 21 and the IPO listing on September 26.

 Price Band Announcement: September 9, 2022
 Anchor Investors Allotment: September 13, 2022
 Harsha Engineers IPO Open Date: September 14, 2022
 Harsha Engineers IPO Close Date: September 16, 2022
 Basis of Allotment: September 21, 2022
 Refunds: September 22, 2022
 Credit to Demat Account: September 23, 2022
 Harsha Engineers IPO Listing Date: September 26, 2022

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.


Harsha Engineers Company Financial Report

  ₹ in Crores

RevenueExpensePAT
2019₹118₹157₹27.41
2020₹900₹868₹21.91
2021₹877₹816₹45.44
2022 6M
₹638₹578₹43.71

Harsha Engineers IPO Valuation – FY2021

Check Harsha Engineers IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

 Earning Per Share (EPS): ₹9.09 per Equity Share
 Price/Earning P/E Ratio: N/A
 Return on Net Worth (RoNW): 10.49%
 Net Asset Value (NAV): 86.64 per Equity Share

Peer Group

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

Company Promoters

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

Harsha Engineers IPO Registrar

Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/

Harsha Engineers IPO Allotment Status Check

Check Harsha Engineers IPO allotment status on Linkintime website allotment URL. Click Here

Harsha Engineers IPO Lead Managers

  • Axis Capital Limited
  • Equirus Capital Private Limited
  • JM Financial Consultants Private Limited

Company Address

Harsha Engineers International Limited
NH-8A, Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213
Phone: +91 2717-618200
Email: [email protected]
Website: http://www.harshaengineers.com/

Harsha Engineers IPO FAQs


What is Harsha Engineers IPO?

Harsha Engineers IPO is a main-board IPO. They are going to raise ₹755 Crores via IPO. The issue is priced at 314 to ₹330 per equity share. The IPO is to be listed on BSE & NSE.

When Harsha Engineers IPO will open?

The IPO is to open on September 14, 2022, for QIB, NII, and Retail Investors.

What is Harsha Engineers IPO Investors Portion?

The investors’ portion for QIB-50%, NII-15%, and Retail-35%.

How to Apply the Harsha Engineers IPO?

You can apply for Harsha Engineers IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Harsha Engineers IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Harsha Engineers”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Harsha Engineers IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Harsha Engineers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Harsha Engineers IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Harsha Engineers”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Harsha Engineers IPO Size?

Harsha Engineers IPO size is ₹755 crores.

What is Harsha Engineers IPO Price Band?

Harsha Engineers IPO Price Band is ₹314 to ₹330.

What is Harsha Engineers IPO Minimum and Maximum Lot Size?

The minimum bid is 45 Shares with ₹14,850 amount while the maximum bid is 585 shares with ₹193,050.

What is the Harsha Engineers IPO Allotment Date?

Harsha Engineers IPO allotment date is September 21, 2022.

What is the Harsha Engineers IPO Listing Date?

Harsha Engineers IPO listing date is September 26, 2022. The IPO is to list on BSE and NSE.

Note: The Harsha Engineers IPO price band and date are officially announced. The IPO grey market premium (Harsha Engineers IPO Premium) will be added to the IPO grey market page as it will start).

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9 Responses

  1. मैं ३ सालो से आईपीओ के लिए अप्लाई करता रहा हूं लेकिन आज तक मुझे एक भी कंपनी का आईपीओ का शेयर मुझे नहीं मिल पाया । क्या आईपीओ का शेयर फिक्स लोगो को ही दिया जाता है।

    1. हेलो अविनाश, जब सब्सक्रिप्शन ज्यादा होता हैं तो उसमे लाटरी के हिसाब से अलॉटमेंट होता हैं. उसमे ज्यादा एप्लीकेशन करने वाले कोभी नहीं मिल पाता. किसी फिक्स व्यक्ति को आईपीओ लगता हैं ऐसा कोई अल्गोरिथम नहीं होता हैं. सिस्टम ऑटोमेटिकली यह अलॉटमेंट करता हैं.

  2. मेरे पास सिर्फ 10.5 लाख का प्रबंध है और सिर्फ दो ही डिमैट खाते है एक मेरा और एक पत्नी का। मुझे दोनो में SHNI के अंतर्गत आवेदन करना चाहिए या एक मे BHNI और दूसरे में RETAIL इन्वेस्टर के अंतर्गत? कृपया सलाह दे जिसमे अलाटमेंट की ज्यादा संभावना हो।

  3. For Harsha Engineering, in retail category, I had applied from 9 different accounts which are belongs to family members & friends and done UPI payment for all the applications using my UPI id.
    I have not received allotment in any account. Is this because I used same UPI id for payment? Is there any rule on payment?

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