About The Company:
Harsha Engineers International Ltd- The Ahmedabad-based company is the largest manufacturer of precision bearing cages, in terms of revenue, in the organized sector in India, and among the leading manufacturers of precision bearing cages in the world. The company comprises of two segments- The engineering business and the Solar EPC business.
Harsha Engineers Ltd. has five manufacturing facilities for the engineering business with two manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, India. Also, have one manufacturing unit each in Changshu, China, and Ghimbav Brasov in Romania.
Strengths of the Company:
- Comprehensive solution provider offering a diversified range of precision engineering products across geographies and end-user industries
- Long-standing relationships with high-profile clients
- Strategically located domestic and international production facilities and warehouses
- Expertise in Tooling, design development and automation
- Consistent track record of growth and financial performance
- Strong, experienced, and dedicated senior management team and qualified workforce
Key Strategies:
- Enhance market leadership in bearing cages and expanding our customer base
- Retain and strengthen our technological leadership through continued focus on development and automation
- Growing our stamping and specialised component segment.
- Focus on increasing operational efficiencies to improve returns
- Increased focus on developing products suited to capture market opportunity in the growing electric vehicle segment
- Focus on growth by opportunistic inorganic acquisitions and partnerships with customers
How Do I Apply for Harsha Engineers International Ltd- IPO?
You can apply for Harsha Engineers International Ltd IPO through your Demat & Trading Account using UPI ID by following the below two steps:
- Visit Bajaj Securities App
- Click Menu
- Visit IPO/NCD
- Enter your bid on Bajaj Securities App
- Accept UPI mandate on your payment mode
Once acceptance of the mandate is done, the bid amount will get blocked in your bank account.
Being a Bajaj Financial Securities Limited client, you have an edge as you can easily apply for Harsha Engineers International Ltd IPO through BFSL Trading app using your UPI and also get IPO Funding* for up to 1 Crore.
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*IPO Financing is done through Bajaj Finance Limited. Bajaj Finance Limited (BFL or Lender) reserves the sole right to decide participation in any IPO and financing to the client shall be subject to credit assessment done by the lender. Also, BFL shall have full rights to decide the commercial terms for IPO and final application and financing shall be subject to all requirements being met by the client in a timely manner including documentation, account setup and payment of required Interest and Margin. Bajaj Finance Limited also reserves the exclusive rights to change any of the above-mentioned terms and conditions without prior notice to clients. UPI is mandatory to bid in all IPOs through our platform.
As per exchange guidelines, all the UPI mandates will only be accepted till 5:00 PM on IPO closure day.
Data Source - DRHP