Harsha Engineers IPO GMP, Price, Date, Allotment


Last updated on September 26, 2022

Harsha Engineers IPO GMP

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 Dates14 – 16 September 2022
Price BandINR314 – 330 per share
Fresh issueINR455 crore
Offer For SaleINR300 crore
Total IPO sizeINR755 crore
Minimum bid (lot size)45 shares (INR14,850)
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Harsha Engineers Financial Performance

Net income(27.4)15.550.693.4
Margin (%)(22.4)
Figures in INR crore unless specified otherwise

Harsha Engineers IPO News

Harsha Engineers Valuations & Margins

PE ratio28.31 – 29.76
RONW (%)18.755.8010.4917.42
ROCE (%)(79)131723
EBITDA (%)(22.4)11.314.314.1
As per Proforma Condensed Combined Financial Information

Harsha Engineers IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
24 Sep 2022160
23 Sep 2022150
22 Sep 20221504505,500
21 Sep 20221805005,500
20 Sep 20222005506,000
19 Sep 20222206006,000
17 Sep 20222206006,000
16 Sep 20222256006,000
15 Sep 20222105505,200
14 Sep 20222005005,000
13 Sep 20222005005,000
12 Sep 20222005505,200
9 Sep 20221705005,000

Harsha Engineers IPO Subscription – Live Updates

CategoryShares OfferedDay 1Day 2Day 3
Subscription figures in number of times, at 5 PM

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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: +91 22 4918 6200 
Email: [email protected]
Website: www.linkintime.co.in

Harsha Engineers Contact Details

Harsha Engineers Limited
NH-8A, Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213,
Gujarat, India
Phone: +91 2717-618200
Email: [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 Date14 September 2022
IPO Closing Date16 September 2022
Finalisation of Basis of Allotment21 September 2022
Initiation of refunds22 September 2022
Transfer of shares to demat accounts23 September 2022
Listing Date26 September 2022
Opening Price on NSEINR450 per share (up 36.36%)
Closing Price on NSEINR486.5 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.


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