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IPO Status: Listed [14th Sep 2022 to 16th Sep 2022]
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.
| IPO Issue Opening Date: | 14th Sep 2022 |
| IPO Issue Closing Date: | 16th Sep 2022 |
| IPO Issue Price: | ₹314-330 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| 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: | 74.6% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543600 |
| NSE Code: | HARSHA |
Get important updates regarding Harsha Engineers International IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| 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
| 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) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 26-09-2022 | 330 | 125 | 7000/75000 | ₹455 (37.88%) | 26-Sep-2022 10:10 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
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.
| Incorporation | Sector | IPO Issue Size | Website |
| 2010 | Manufacturing | ₹755 Cr | http://www.harshaengineers.com/ |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 4,792,950 (28.42%) | 3,594,780 (21.32%) | 8,387,730 (49.74%) | 88,335 | 16,863,795 | |
| 1 | 14th Sep 2022 17:02 | 0.06x | 5.83x | 3.22x | 2.33x | 2.87x |
| 2 | 15th Sep 2022 17:02 | 1.63x | 24.91x | 9.14x | 6.34x | 10.35x |
| 3 | 16th Sep 2022 19:02 | 178.26x | 71.32x | 17.63x | 12.07x | 74.70x |
| 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 |
Last Updated on 07-Nov-2022 08:31:35
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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To subscribe or apply in Harsha Engineers International IPO, you can use the following methods:
| Harsha Engineers International IPO Applying Mode | Method | Details |
| Online Application | 3-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 Application | 2-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 Application | ASBA | 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 Application | Physical 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
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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
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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.
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Harsha Engineers International IPO Allotment Date is 21-09-2022.
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