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Harsha Engineers International IPO Details 2022, Price, Lot

IPO Status: Closed [14th Sep 2022 to 16th Sep 2022]

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Harsha Engineers International IPO Detail

Harsha Engineers International IPO comprising fresh issue of Rs 455 Cr and offer for sale of Rs 300 Cr will be opening from 14 Sept to 16 Sept 2022. The IPO price band is fixed at Rs.314-330 and one can apply for the IPO lot of 45 shares and its multiples. Stay updated with us to know more about the Harsha Engineers International IPO Details including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.

Harsha Engineers International IPO Details

IPO Issue Opening Date: 14th Sep 2022
IPO Issue Closing Date: 16th Sep 2022
IPO Issue Price: ₹314-330 Per Share
DRHP: View DRHP
RHP: View RHP
IPO Listing At: BSE, NSE
Retail Quota: 35%
IPO Issue Type: Book Build Issue
IPO Issue Size: ₹755 Cr
Offer for Sale: ₹300 Cr
Fresh Issue: ₹455 Cr
Face Value: ₹10 Per Equity Share
IPO Discount: Employee: ₹31 per share
Promoter Holding Pre IPO: 99.70%
Promoter Holding Post IPO:
Allotment Status: Allotment Status
BSE Code: 543600
NSE Code: HARSHA

IPO Live GMP IPO Live GMP

Harsha Engineers International IPO Important Dates

In this section we have covered all important dates related to Harsha Engineers International IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

Harsha Engineers International IPO important dates
IPO Activity Date
Basis of Allotment Date* 21st Sep 2022
Refunds Initiation* 22nd Sep 2022
Credit of Shares to Demat* 23rd Sep 2022
IPO Listing Date* 26th Sep 2022

* - Tentative Dates

Harsha Engineers International IPO Lots

IPO Activity Date
Issue Price ₹314-330
Market Lot: 45 Shares
1 Lot Amount: ₹14850
Min Small HNI Lots(2-10 Lakh): 630 shares (14 lots)
Min Big HNI Lots(10+ Lakh): 3060 shares (68 lots)
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  • About Company - Harsha Engineers International

    Harsha Engineers International Limited is one of the largest manufacturers of precision bearing cages in India. The company business comprises engineering business, under which it manufacture bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings; and solar EPC business under which it provides comprehensive turnkey solutions to all solar photovoltaic requirements. It has the expertise to design and develop advance tooling inhouse which enables the company to manufacture precision bearing cages and complex and specialised precision stamped components. 

    As of Sept 2021, Harsha Engineers manufacture more than 7,205 bearing cages and more than 295 other products for customers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors, allowing it to meet changing customer requirements. The company's development centre has developed more than 1,200 products in different bearing types. It has strong customer base and relationship with leading global bearing manufacturers in the automotive, railways, renewable energy and other industrial sectors. 

    The company has five strategically located manufacturing facilities with two principal manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat in India, and one manufacturing unit each at Changshu, China and Ghimbav Brasov in Romania. It has customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa.

    Harsha Engineers International IPO Strengths

    • Comprehensive solution provider of precision engineering products.
    • Long standing relationships with leading clients.
    • Expertise in Tooling, design development, and automation
    Incorporation Sector IPO Issue Size Website
    2010 Manufacturing ₹755 Cr http://www.harshaengineers.com/

    Harsha Engineers International IPO Objective

    • Repayment of company's existing borrowings.
    • To meet working capital requirements.
    • Infrasturcture repairs and renovation of production facilities in India.
    • To meet general corporate purposes.

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    Harsha Engineers International IPO Live Subscription (NSE + BSE)

    The table below is live update of IPO bidding details from NSE and BSE.

    • Qualified Institutional Buyers: 4,792,950 Shares
    • Non-Institutional Investors: 3,594,780 Shares
    • Retail Individual Investor: 8,387,730 Shares
    • Employees Quota: 88,335 Shares
    IPO Bidding Live Updates from BSE + NSE
    Day QIBNIIRIIEMPTotal
     # of Shares Offered4,792,950 (28.42%)3,594,780 (21.32%)8,387,730 (49.74%)88,33516,863,795
    114th Sep 2022 17:020.06x5.83x3.22x2.33x2.87x
    215th Sep 2022 17:021.63x24.91x9.14x6.34x10.35x
    316th Sep 2022 19:02178.26x71.32x17.63x12.07x74.70x

    Harsha Engineers International Financials for past 3 Years

    Past performance and financial results of Harsha Engineers International.

    Harsha Engineers International financial
    Harsha Engineers International Limited Financials (₹ in Cr) 31-Mar-2022 31-Mar-2021 31-Mar-2020
    Total Assets ₹1158.25 ₹981.07 ₹973.24
    Total Income ₹1339.99 ₹876.73 ₹899.5
    Net Profit/Loss ₹91.94 ₹45.44 ₹21.91

    Company Address

    Harsha Engineers International Limited
    NH-8A, Sarkhej-Bavla Highway, Changodar
    Ahmedabad,Gujarat-382213
    India
    Website: http://www.harshaengineers.com/
    Phone: +91 2717-618200
    Email: [email protected]

    Harsha Engineers International IPO Registrar

    Link Intime India Private Ltd
    Link Intime India Private Ltd
    C 101, 247 Park, L.B.S.Marg,
    Vikhroli (West), Mumbai - 400083
    Website: http://www.linkintime.co.in
    Phone: +91-22-4918 6270
    Email: [email protected]

    Harsha Engineers International IPO Lead Manager

    1. JM Financial Consultants Private Limited
    2. Axis Capital Limited
    3. Equirus Capital Private Limited
    Harsha Engineers International IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for Harsha Engineers International? Should I apply in Harsha Engineers International IPO?

    Last Updated on 2022-09-26T11:19:57+00:00

    Zerodha FAQs

    Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Harsha Engineers International IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Harsha Engineers International IPO with Zerodha.

    Alternate approch to apply in Harsha Engineers International IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

    Harsha Engineers International IPO Review and Important Updates

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    Apply in Harsha Engineers International IPO online

    To subscribe or apply in Harsha Engineers International IPO, you can use the following methods:

    Harsha Engineers International IPO Applying ModeMethodDetails
    Online Application3-in-1 Trading Account

    If your broker is 3-in-1 service provider, you can apply in Harsha Engineers International IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.

    Online Application2-in-1 Trading Account

    Brokers like Zerodha, TradeSmart Online provides access to applying in Harsha Engineers International IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

    Online ApplicationASBA

    This is one of the most popular mode of applying in Harsha Engineers International IPO. Most of the Syndicate Banks provide access to apply in Harsha Engineers International IPO via ASBA process. You must have your net banking access, DP ID information to apply in Harsha Engineers International IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.

    Offline ApplicationPhysical Form

    You can apply in Harsha Engineers International IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

    Harsha Engineers International IPO Review and Important Updates

    Other relevant question on same topics are:

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    Applying in Harsha Engineers International IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Harsha Engineers International IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.

    For more details on how to use UPI payment method to apply Harsha Engineers International IPO, please refer article >> Link

    Harsha Engineers International IPO Review and Important Updates

    Steps to download the online application form for Harsha Engineers International IPO

    • Step1:Click here.
    • Step2: Click on “Bid-cum Application Form Download
    • Step3: Above Step will open an online form.
    • Step4: Enter your Name, PAN, DP Type, DP Information, UPI No, Bank information (Do not enter), Address, email, phone, Transaction Type - "ASBA".
    • Step5: Fill bid details - min 45 and max 585 shares (13 lots).
    • Step6: Now fill the character given in Box, read and agree on terms and conditions and click on the download button.
    • Step7: This will fill your application online and give you a pdf file.
    • Step8: Take a print of this document and go to your bank for UPI transactions.
    • Or

    • You can download “Blank Application Form Download” and fill all the required filed and submit to the nearest bank for UPI transaction.

    Other relevant questions:

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    Harsha Engineers International IPO is going to be list on 26-09-2022. NSE Code for Harsha Engineers International is HARSHA. BSE Code for Harsha Engineers International is 543600.

    Other relevant questions:

    When Harsha Engineers International IPO will be listing? Harsha Engineers International IPO NSE listing date?Harsha Engineers International IPO date of listing.Harsha Engineers International IPO BSE listing date?

     

    Harsha Engineers International IPO Allotment Date is 21-09-2022.

    Other relevant questions:

    Harsha Engineers International IPO share allotment date?Harsha Engineers International IPO allotment date?

     


    User Reviews

    avatar
    6. kamal Sep 10 2022 10:33:07 AM Reply
    if in ipo it subscribe more than 60 times on last day half time then blindly invest ( in SME IPO 90 times )
    avatar
    5. hafsa hussain Aug 22 2022 01:30:51 AM Reply
    Harsha Engineers International IPO expected listing gain.
    avatar
    4. PRAHLAD  Aug 22 2022 01:30:51 AM Reply
    Please confirm Harsha Engineers International IPO GMP (grey market premium) and kostak.
    avatar
    3. sunil chanana Aug 22 2022 01:30:51 AM Reply
    Harsha Engineers International IPO good or bad.
    avatar
    2. kamlesh gadu Aug 22 2022 01:30:51 AM Reply
    Harsha Engineers International IPO whether to invest or not.
    avatar
    1. yedukondalu. boddula Aug 22 2022 01:30:51 AM Reply
    Harsha Engineers International IPO - CRISIL Rating, Apply or not?.