Harsha Engineers International Ltd IPO Details

Issue Date Sep 14, 2022 to Sep 16, 2022
Price Band ₹314 to ₹330 per share
Lot Size 45 Shares
Issue Size ₹755.00 Cr
Listing At NSE, BSE
QIB Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not more than 35% of the Net Offer
NII (HNI) Shares Offered Not more than 15% of the Net Offer
Lead Managers Axis Capital Limited, Equirus Capital Private Limited, JM Financial Consultants Private Limited
Minimum Investment ₹ 14850 (cut-off)

IPO Schedule:

Finalization of Allotment Sep 21, 2022
Initiation of Refunds Sep 22, 2022
Credit of Shares Sep 23, 2022
Date of Listing Sep 26, 2022

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.

Disclaimer: Investments in securities markets are subject to market risks, read all the related documents carefully before investing. No need to issue cheques by investors while subscribing to IPO. No worries for refund as the money remains in investors account. BFSL is not providing any research or investment advice and should not be construed as solicitation. Investor’s discretion is required before investing by their own informed choice or after consulting financial advisors. Reg Office: Bajaj Auto Limited Complex , Mumbai –Pune Road Akurdi Pune 411035. Corp. Office : Bajaj Financial Securities Ltd,1st Floor, Mantri IT Park, Tower B, Unit No 9, Viman Nagar, Pune, Maharashtra 411014.. SEBI Registration No.: INZ000218931 | BSE Cash/F&O (Member ID: 6706) | NSE Cash/F&O (Member ID: 90177) | DP registration No : IN-DP-418-2019 | CDSL DP No.: 12088600 | NSDL DP No. IN304300 | AMFI Registration No.: ARN – 163403. Website: https://www.bajajfinservsecurities.in/ Online Trading & Stock Broking in India | Bajaj Financial Securities Limited Bajaj Financial Securities - Open a Trading and Demat account and start investing, saving up to 99%** on brokerage charges.

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Data Source - DRHP

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