Harsha engineers ipo price

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...

About Harsha Engineers IPO Incorporated in 2010, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue in organised sector in India. The company is a part of the Harsha Group. The company supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa. The business comprises of two segments: 1. Engineering business, under which the company manufactures bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings. 2. Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector. As of September 30, 2021, Harsha Engineers International have been able to manufacture more than 7,205 bearing cages and more than 295 other products for customers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics and renewables sectors. In addition, over the past three years company's product development and innovation centre has developed more than 1,200 products in different bearing types. The company has five manufacturing facilities for engineering business with two manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat...

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 IPO: Listing Date, Price and Key Details | Value Research Harsha Engineers IPO: Listing Date, Price and Key Details | Value Research https://www.valueresearchonline.com/stories/51520/harsha-engineers-ipo-information-analysis/ India's largest manufacturer of precision bearing cages has come out with an IPO. Find out more about the business. What Harsha Engineers does? Harsha Engineers is India's largest bearing cage manufacturer in the organised space and one of the largest in the world. Bearings are one of the most common and important components in various industries such as automobiles, aviation, railways, electronics, and more. Bearing cages are part of a bearing. Since the cost of manufacturing bearing cages is low when compared to bearings (but there's a requirement for separate machines), bearing manufacturers outsource this and that's where Harsha Engineers comes in. Harsha Engineers manufactures a wide range of bearing cages, such as in brass, steel or polyamide, and from 20mm to 2,000 mm in diameter. The company has two segments: engineering business which contributes 94 per cent in revenue, and solar EPC business which contributes 6 per cent. Harsha Engineers also manufactures brushes and specialty components. It has four manufacturing facilities in total - two in India, one in China, and one in Romania, all of which are strategically located near coasts for easy export. Talking of exports, the company generates 63 per cent of its revenue from ex...

₹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: Offer fully subscribed within hours of opening; all you need to know Harsha Engineers IPO: Offer fully subscribed within hours of opening; all you need to know Harsha Engineers IPO Oversubscribed on Day 1. Check GMP and other details: The Rs 755 crore initial public offering (IPO) of Harsha Engineers International got fully subscribed within hours of opening on the first day. The IPO is available from September 14-16, 2022, and has a price band of Rs 314-330 per share. Harsha Engineers IPO Price, GMP, Review, Details: The initial public offering (IPO) of Harsha Engineers International, a manufacturer of precision bearing cages, opened for subscription on Wednesday, September 14, 2022, and was oversubscribed within a few hours on the first day of bidding. The issue opened for public subscription at 10 am and was subscribed 1.64 times as of 2:36 pm. It received total bids for 2,76,14,745 shares across both the stock exchanges against 1,68,63,795 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 755 crore Harsha Engineers Rs 314-330 per share. 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 of...

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. “...

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 ...

• The initial public offering (IPO) of the Ahmedabad-based manufacturer is all set to raise ₹755 crore through this IPO. • The company’s profit grew by over four times in the last three financial years. • The IPO is open for subscription from today September 14 to September 16. • The price band of the issue is fixed at ₹314-₹330 per share. The initial public offering (IPO) of Ahmedabad-based Harsha Engineers International, which manufactures precision bearing cages, has opened today, September 14, and will conclude on September 16. The company plans to raise ₹755 crore through this IPO consisting of a fresh issue of equity shares worth ₹455 crore and an offer for sale by promoters of up to ₹300 crore. Money raised through the IPO will be utilised for debt repayment, funding capital expenditure, purchase of machinery, infrastructure repairs, renovation of the existing production facilities and for general corporate purposes. Ahead of its initial share sale, Harsha Engineers had raised ₹225.7 crore from anchor investors including American Funds Insurance Series Global Small Capitalization Fund, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, PineBridge Global Funds - PineBridge India Equity Fund and Abu Dhabi Investment Authority-Monsoon. Investor demand for the IPO could be strong as the shares of the company are commanding a premium of ₹210 per share in the grey market. Grey market premium or GMP is the premium at which IPO shares are traded in an unofficial ma...

About Harsha Engineers IPO Incorporated in 2010, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue in organised sector in India. The company is a part of the Harsha Group. The company supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa. The business comprises of two segments: 1. Engineering business, under which the company manufactures bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings. 2. Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector. As of September 30, 2021, Harsha Engineers International have been able to manufacture more than 7,205 bearing cages and more than 295 other products for customers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics and renewables sectors. In addition, over the past three years company's product development and innovation centre has developed more than 1,200 products in different bearing types. The company has five manufacturing facilities for engineering business with two manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat...