Harsha Engineers IPO


Harsha Engineers IPOHarsha 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 To be updated
Price Band To be updated
Fresh issue INR370 crore
Offer For Sale 1,325,000 shares
Total IPO size To be updated
Minimum bid (lot size) To be updated
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
Objects of Harsha Engineers IPO
  • Pre-payment or scheduled repayment of certain indebtedness – INR137.5 crore
  • Purchase of machinery in India – INR88.1 crore
  • Investment in subsidiaries – INR35.5 crore
  • Infrastructure development for existing facilities in India – INR8.9 crore
  • General corporate purposes
  • Issue expenses
Harsha Engineers’ consolidated financial performance (in INR crore)
  FY2014 FY2015 FY2016 FY2017 FY2018  
Total revenues 472.0 625.4 659.7 635.2 804.4  
Total expenses 440.0 561.9 623.3 614.8 713.4  
Comprehensive income 14.5 48.0 23.3 11.0 56.4  
Net margin (%) 3.1 7.7 3.5 1.7 7.0  
More about Harsha Engineers
Harsha Engineers Contact Details

Harsha Engineers Limited
Sarkhej-Bavla Road
PO Changodar
Ahmedabad – 382 213 Phone: +91 2717 618 200
Email: [email protected]
Website: www.harshaengineers.com

Registrar of Harsha Engineers IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083 Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in

Valuation of Harsha Engineers (FY2018 consolidated)

Earnings Per Share (EPS): INR23.5

Price/Earnings (PE ratio): To be updated

Return on Net Worth (RONW): 22.57%

Net Asset Value (NAV): INR104.13 per share

Harsha Engineers IPO Subscription Details
Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB        
NII        
Retail        
         
Total        
Harsha Engineers IPO Allotment Status

Harsha Engineers IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

Listing Performance of Harsha Engineers

IPO Opening Date: To be updated

IPO Closing Date: To be updated

Finalisation of Basis of Allotment: To be updated

Initiation of refunds: To be updated

Transfer of shares to demat accounts: To be updated

Listing Date: To be updated

Listing Price on NSE: To be updated

Closing Price on NSE: To be updated

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