Harsha Engineers IPO description – Harsha Engineers is the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations and has a global market share of approximately 5-6% in the organized segment of the global brass, steel and polyamide bearing cages market in terms of revenue. The company holds more than 50% of the market share in the Indian bearing cages market in the organized segment for brass, steel and polyamide cages. It manufactures bearing cages in brass, steel and polyamide materials with sizes of up to 2,000 mm in diameter for automotive and industrial applications. Harsha Engineers also manufactures complex and specialised precision stamped components for automotive and industrial customers.
The company’s principal production facilities are at Changodar and Moraiya, near Ahmedabad in Gujarat in India, while it also has production facilities in other low-cost locations such as Changshu and Suzhou in China and Ghimbav Brasov in Romania. The combined bearing cages capacity at all its manufacturing units is 1,016.27 million pieces per annum and for semi-finished brass castings is 35,376 million tonnes per annum.  The company has entered into arrangements to stock inventory in warehouses spread across more than 15 locations across the world including in, Europe, US, China and South America.
Promoters of Harsha Engineers – Rajendra Shantilal Shah, Harish Ranjit Rangwala, Vishal Rangwala, Pilak Rajendra Shah and Munjal Rangwala
Harsha Engineers IPO Details
| Subscription Dates | 14 – 16 September 2022 |
| Price Band | INR314 – 330 per share |
| Fresh issue | INR455 crore |
| Offer For Sale | INR300 crore |
| Total IPO size | INR755 crore |
| Minimum bid (lot size) | 45 shares (INR14,850) |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Harsha Engineers Financial Performance
| Â | FY2019 | FY2020 | FY2021 | FY2022 |
| Revenue | 122.5 | 885.9 | 873.8 | 1,321.5 |
| Expenses | 156.5 | 867.9 | 816.0 | 1,212.4 |
| Net income | (27.4) | 15.5 | 50.6 | 93.4 |
| Margin (%) | (22.4) | 1.7 | 5.8 | 7.1 |
Harsha Engineers IPO News
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Harsha Engineers Valuations & Margins
| FY2019 | FY2020 | FY2021 | FY2022 | |
| EPS | 13.51 | 3.52 | 5.88 | 11.09 |
| PE ratio | – | – | – | 28.31 – 29.76 |
| RONW (%) | 18.75 | 5.80 | 10.49 | 17.42 |
| ROCE (%) | (79) | 13 | 17 | 23 |
| EBITDA (%) | (22.4) | 11.3 | 14.3 | 14.1 |
| Debt/Equity | 86.95 | 1.13 | 0.83 | 0.74 |
| NAV | – | – | 86.64 | 68.34 |
Harsha Engineers IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 24 Sep 2022 | 160 | – | – |
| 23 Sep 2022 | 150 | – | – |
| 22 Sep 2022 | 150 | 450 | 5,500 |
| 21 Sep 2022 | 180 | 500 | 5,500 |
| 20 Sep 2022 | 200 | 550 | 6,000 |
| 19 Sep 2022 | 220 | 600 | 6,000 |
| 17 Sep 2022 | 220 | 600 | 6,000 |
| 16 Sep 2022 | 225 | 600 | 6,000 |
| 15 Sep 2022 | 210 | 550 | 5,200 |
| 14 Sep 2022 | 200 | 500 | 5,000 |
| 13 Sep 2022 | 200 | 500 | 5,000 |
| 12 Sep 2022 | 200 | 550 | 5,200 |
| 9 Sep 2022 | 170 | 500 | 5,000 |
Harsha Engineers IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 47,92,950 | 0.06 | 1.63 | 178.26 |
| NII | 35,94,780 | 5.83 | 24.91 | 71.31 |
| Retail | 83,87,730 | 3.22 | 9.14 | 17.53 |
| Employee | 88,335 | 2.33 | 6.34 | 11.97 |
| Total | 1,68,63,795 | 2.87 | 10.35 | 74.65 |
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Harsha Engineers Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 4918 6200Â
Email:Â [email protected]
Website:Â www.linkintime.co.in
Harsha Engineers Contact Details
Harsha Engineers Limited
NH-8A, Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213,
Gujarat, India
Phone:Â +91 2717-618200
Email:Â [email protected]
Website: https://www.harshaengineers.com
Harsha Engineers IPO Allotment Status
Harsha Engineers IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Harsha Engineers IPO Timetable
| IPO Opening Date | 14 September 2022 |
| IPO Closing Date | 16 September 2022 |
| Finalisation of Basis of Allotment | 21 September 2022 |
| Initiation of refunds | 22 September 2022 |
| Transfer of shares to demat accounts | 23 September 2022 |
| Listing Date | 26 September 2022 |
| Opening Price on NSE | INR450 per share (up 36.36%) |
| Closing Price on NSE | INR486.5 per share (up 47.42%) |
Harsha Engineers IPO FAQs
How many shares in Harsha Engineers IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in Harsha Engineers Public Offer?
The best way to apply in Harsha Engineers IPO is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Harsha Engineers IPO GMP today?
Harsha Engineers IPO GMP today is INR160 per share.
What is Harsha Engineers IPO kostak rate today?
Harsha Engineers IPO kostak rate today is NA per application.
What is Harsha Engineers Subject to Sauda rate today?
Harsha Engineers Subject to Sauda rate today is NA per application.
