Harsha engineers ipo

Check Harsha Engineers IPO allotment status online by clicking the button below. If you have difficulties finding the Harsha Engineers International Ltd IPO allotment status, please visit the website of the IPO registrar. Note: Registrar of the Harsha Engineers IPO is responsible for IPO allotment. Please contact the registrar with any quires related to stock allocation or refund related problems. To understand the allocation of shares for Harsha Engineers International Ltd IPO, check the 'basis of allotment' document. Below are the steps to check Harsha Engineers IPO allotment status online: • Visit the • Click on the green Harsha Engineers IPO Allotment Status. • Enter either PAN number, Application Number or DP Client ID of the demat account to check the Harsha Engineers IPO allotment status. • Click Search. Note: The disabled button shows that the allotment is not yet available online. The allotment result looks like as below: • PAN No.: AHMLK1898J • Application No.: RL041213805307 • Name: Mr. Rajveer Singh • Shares Applied: 40 • Shares Allotted: 40 If Harsha Engineers IPO oversubscribed in the retail category, the Harsha Engineers IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors. मी Harsha Engineering IPO साठी application कà...

September 26, Monday at 10:00 AM. The IPO was subscribed 74.70x times comprises of Qualified Institutional Buyer (QIB) 178.26x, Non-institutional Bidders (NII) 66.14x, and Retail (RII) 17.63x. The stock will list in B Group. As per the market speculations the stock might list in between the ₹470 to ₹530 range against the IPO price of ₹330 at a premium around ₹130 to ₹150. 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. Check out the Harsha Engineers IPO listing details as given below: IPO Listing Update: Harsha Engineers share price listed at 36% Premium. The Harsha Engineers stock price listed at ₹450 on NSE and ₹444 on BSE respectively. Harsha Engineers Share Price Details BSE Listing NSE Listing IPO Price ₹330.00 ₹330.00 List Price ₹444.00 ₹450.00 High Price ₹527.60 ₹527.65 Low Price ₹431.00 ₹430.00 Close Price ₹485.90 ₹486.50 Volume 2,497,648 36,180,429 Harsha Engineers IPO Listing Details Find ...

Harsha Engineers IPO Subscription Status Live Harsha Engineers IPO subscribed 74.70 times. The public issue subscribed 17.63 times in the retail category, 178.26 times in QIB, and 71.32 times in the NII category by Sep 16, 2022. Investor Category Subscription (times) Shares Bid for Total Amount (Rs Cr.)* Qualified Institutions 178.26 85,43,74,410 28,194.36 Non-Institutional Buyers 71.32 25,63,87,230 8,460.78 bNII (bids above ₹10L) 74.78 17,92,04,265 5,913.74 sNII (bids below ₹10L) 64.41 7,71,82,965 2,547.04 Retail Investors 17.63 14,78,85,660 4,880.23 Employees 12.07 10,65,915 35.18 Others [.] 0 0 Total 74.70 1,25,97,13,215 41,570.54 Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range. Harsha Engineers IPO Shares Offered Harsha Engineers IPO is a public issue of 16,863,795 equity shares. The issue offers 8,387,730 shares to retail investors, 4,792,950 shares to qualified institutional buyers, and 3,594,780 shares to non-institutional investors. Category Shares Offered Amount (Rs Cr) Size (%) QIB 4,792,950 158.17 28.42% NII 3,594,780 118.63 21.32% bNII (bids above ₹10L) 2,396,520 79.09 14.21% sNII (bids below ₹10L) 1,198,260 39.54 7.11% Retail 8,387,730 276.80 49.74% Employee 88,335 2.92 0.52% Total 16,863,795 556.51 100% IPO Investor Categories • Qualified Institutional Buyers (QIB) Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small inve...

Harsha Engineers International is the largest manufacturer of precision bearing cages, in terms of revenue, in the organized sector in India. ts business comprises: engineering business and solar EPC business. The company offers a wide range of bearing cages starting from 20 mm to 2,000 mm in diameter used in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors, etc. Harsha Engineers has five manufacturing facilities, two of which are located outside India.;

The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

In our previous part of IPO questions The company/business 1) Are the company's earnings before tax more than Rs 50 crore in the last 12 months? Yes. Harsha Engineers' profit before tax for FY22 was Rs 126.6 crore. 2) Will Harsha Engineers be able to scale up its business? Yes. The company's overall capacity utilisation in each plant is around just 60 per cent and it's also raising money through this issue to fund the purchase of machinery. Thus, it will be able to scale its business quite easily. 3) Does Harsha Engineers have recognisable brands truly valued by its customers? Not applicable. Since the company is involved in B2B supply of homogeneous products, the concept does not apply. But the repeat customers usage indicates that the company has good impression among its clients. 4) Does Harsha Engineers have high repeat customer usage? Yes. The company has a strong relationship with its customers and has high repeat customer usage. Its average age of relationship with the top five customers is more than a decade. 5) Does the company have a credible moat? No. While the company is a leader, it does not possess any moat as there are bigger competitors and bearing companies with in-house manufacturing too. 6) Is the company sufficiently robust to major regulatory or geopolitical risks? No. Harsha Engineers has two manufacturing plants and various warehouses located around the world. The two manufacturing plants contribute 27 per cent to the total revenue. At present, the c...

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 relationship...