Harsha engineers ipo gmp

Harsha Engineers Harsha Engineers IPO: Price Band Harsha Engineers IPO: Objective Proceeds from the fresh issue of the Harsha Engineers IPO to the tune of up to Rs 270 crore will be utilised for debt payment, up to Rs 76 crore for funding working capital requirements towards the purchase of machinery, up to Rs 7.12 crore for infrastructure repairs and renovation of the existing production facilities and for general corporate proposes. Harsha Engineers IPO: Financials Harsha Engineers’ revenue from operations increased by 51.24 per cent to Rs 1,321.48 crore for fiscal 2022, from Rs 873.75 crore for fiscal 2021, while profit after tax doubled to Rs 91.94 crore for fiscal 2022, from Rs 45.44 crore for fiscal 2021. Axis Capital, Equirus Capital, and JM Financial are the book-running lead managers to the issue. Harsha Engineers IPO: Key Risks Depends on limited numbers of customers for revenue. High exposure to foreign currency exchange rate fluctuations. Recent corporate reorganization may lead to administrative and operational difficulties. Harsha Engineers IPO: GMP Today According to dealers, Harsha Engineers commanded a premium of Rs 210 in the grey market — or an unofficial market for unlisted securities — on Tuesday. On Friday, the grey market premium or GMP had stood at Rs 150 on Friday. “The Harsha Engineers IPO looks reasonably priced, given its post-price-to-equity ratio of roughly 32.70 times based on its 2021-22 results," Abhay Doshi, Co-Founder of Unlisted Arena. “...

Harsha Engineers Harsha Engineers IPO: Subscription Status Retail individual investors’ category received 2.28 times subscription, while the quota for non-institutional investors was subscribed 3.60 times. The category for qualified institutional buyers (QIBs) got 0.05 times subscription. Harsha Engineers IPO: Price Band The price band has been fixed at Rs 314-330 per share for its initial share sale. Harsha Engineers IPO consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer-for-sale (OFS) of up to Rs 300 crore by existing shareholders. As a part of the OFS, Harish Rangwala (up to Rs 75 crore), Rajendra Shah (up to Rs 66.75 crore), Pilak Shah (up to Rs 16.5 crore), Charusheela Rangwala (up to Rs 75 crore) and Nirmala Shah (up to Rs 66.75 crore) will offload shares, according to the information provided in the red herring prospectus (RHP). Harsha Engineers IPO: Objective The proceeds from the fresh issue will be utilised for debt payment, funding working capital requirements towards purchase of machinery, infrastructure repairs and renovation of the existing production facilities and for general corporate proposes. Harsha Engineers International Ltd is the largest manufacturer of precision bearing cages, with 50-60% market share in the organized market. It offers diversified suite of precision engineering products across geographies and end-user industries. It operates under 2 business divisions - engineering business and solar EPC business. H...

Harsha Engineers IPO Review: Harsha Engineers International Limited is coming up with its Initial Public Offering. The IPO will open for subscription on September 14th, 2022, and close on September 16th, 2022. It is looking to raise Rs 755 Crores out of which Rs 455 Crores will be a fresh issue and the rest Rs 300 Crores will be an offer for sale. The company had a 50-60% of the market share in the organized segment of the Indian bearing cages market and 6.5% of the market share in the global organized bearing cages market for brass, steel, and polyamide cages as of FY2021. The products of the company are used in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, and renewables sectors among others. The company is also an EPC service provider in the solar photovoltaic industry and also provides operations and maintenance services in the solar sector. Their solar EPC business is broadly classified into Ground mount projects, Rooftop projects, and Operations and maintenance of ground mount and rooftop projects. As on March 31, 2022, their aggregate installed capacity across their 4 manufacturing facilities was 4,596 metric tonnes per annum for castings and 1,097.87 million pieces per annum for bearing cages. The products portfolio of the company includes: • Bearing Cages • Steel Cages • Brass Cages • Polyamide Cages • Bronze Bushes for Sliding bearing • Speciality Components Harsha Engineers IPO Review – Financial H...

Harsha Engineers Harsha Engineers IPO: Subscription Status The qualified institutional buyer portion was subscribed 178.26 times, while the portion reserved for non-institutional investors witnessed a subscription of 71.32 times. The retail investors’ portion was subscribed 17.63 times. Harsha Engineers IPO: About the issue The lot size of Harsha Engineers IPO was 45 shares for which one would have to spend Rs 14,850. A retail individual investor could submit bids for up to 13 lots or 585 shares by spending Rs 1,93,050. Axis Capital Limited, Equirus Capital Private Limited, and JM Financial Consultants were the lead managers of the IPO. The company’s revenue from operations increased by 51.24 per cent to Rs 1,321.48 crore for fiscal 2022, from Rs 873.75 crore for fiscal 2021, while profit after tax doubled to Rs 91.94 crore for fiscal 2022, from Rs 45.44 crore for fiscal 2021. Harsha Engineers IPO: Listing Date Shares of the company are likely to be listed on the exchanges on September 26. It will be listed on both NSE and BSE. Harsha Engineers IPO GMP today Meanwhile, grey market has gone bullish on Harsha Engineers shares. According to market observers, Harsha Engineers IPO GMP (grey market premium) today is Rs 240, which is Rs 45 higher from its yesterday’s low of Rs 195. Market observers maintained that this rise in Harsha Engineers IPO grey market premium is mainly due to the trend reversal in the secondary market sentiments. A grey market is where a company’s shares ...

₹455 crore, and an offer-for-sale (OFS) of up to ₹300 crore by existing shareholders. Proceeds from the fresh issue will be utilised for debt payment, funding working capital requirements towards purchase of machinery, infrastructure repairs and renovation of the existing production facilities and for general corporate proposes. "At the higher price band of Rs330, HEIL is valued at 27.7x FY22 earnings of ₹11.9 which in our view is reasonable compared to its peers. The company with its strong market share in precision bearing cages and being one of the leading players globally in organized bearing cages, having strong clientele with long standing relationship provides healthy return ratios and visibility going ahead. We recommend investors to SUBSCRIBE to the IPO of HEIL," said brokerage LKP Securities. Based in Ahmedabad, Harsha Engineers Harsha Engineers International Limited is a precision engineering company manufacturing bearing cages and stamped components. It has five manufacturing facilities in Changodar, Moraiya, Changshu, China and Ghimbav Brasov in Romania. As of March 31, 2022, it has manufactured more than 7,205 bearing cages and more than 295 other products. In addition, over the past three years its product development and innovation center has developed more than 1,200 products in different bearing types. "The company's manufacturing facilities are positioned strategically, allowing them to serve the international markets effectively and economically. The co...

Harsha Engineers IPO will be open from 14 September 2022 and closes on 16 September 2022. Harsha Engineers IPO GMP Kostak rate and Subject to Sauda updated as of Today. Harsha Engineers IPO Grey Market Premium has been Started with High Premium Rates, We need to wait for the rates to change with the Market Sentiment in a few days or to Stabilize the Rates. Check Harsha Engineers International Limited is the e largest manufacturer of precision bearing cages, in terms of revenue, in organsied sector in India, and amongst the leading manufacturers of precision bearing cages in the world. The company approximately 50% of the market share in the organised segment of the Indian bearing cages market and 5.2% of the market share in the global organised bearing cages market for brass, steel and polyamide cages in FY 2020. The company offer a wide range of bearing cages starting from 20 mm to 2,000 mm in diameter and our bearing cages find its application in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors etc. The company offer diversified suite of precision engineering products across geographies and end-user industries. What is Harsha Engineers IPO Kostak Rates Today? ■ The Harsha Engineers IPO Kostak rate is₹700. What is Harsha Engineers IPO Subject to Sauda Price Today? ■ The Harsha Engineers IPO Subject to Sauda rates is₹7000. Harsha Engineers IPO Approximately Returns? ■ The Harsha Engineers IPO’...

Harsha Engineers As a part of the OFS, Rajendra Shah, Harish Rangwala, Pilak Shah, Charusheela Rangwala and Nirmala Shah will offload shares. Harsha Engineers IPO: Price Band Harsha Engineers has fixed the IPO price band at Rs 314-330 per share for the Rs 755 crore initial share offer. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Harsha Engineers IPO: Objective Proceeds from the fresh issue of the Harsha Engineers IPO to the tune of up to Rs 270 crore will be utilised for debt payment, up to Rs 76 crore for funding working capital requirements towards the purchase of machinery, up to Rs 7.12 crore for infrastructure repairs and renovation of the existing production facilities and for general corporate proposes. Harsha Engineers IPO: Financials Harsha Engineers’ revenue from operations increased by 51.24 per cent to Rs 1,321.48 crore for fiscal 2022, from Rs 873.75 crore for fiscal 2021, while profit after tax doubled to Rs 91.94 crore for fiscal 2022, from Rs 45.44 crore for fiscal 2021. Axis Capital, Equirus Capital, and JM Financial are the book-running lead managers to the issue. Harsha Engineering was founded by Rajendra Shah and Harish Rangwala in 1986. The promoters hold 99.7 percent of the company’s equity. It offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviati...