Harsha Engineers IPO: The Initial Public Offering (IPO) of Harsha Engineers International Limited is going to hit the primary markets on 14th September 2022 and will be open for subscription till 16th September 2022. The largest manufacturer of precision bearing cages has fixed the price of its public offering. Feather from 314 330 per equity share and it is proposed to be listed on both BSE and NSE. Meanwhile, there is a lot of bullishness in the gray market regarding the IPO of Harsha Engineers. According to market observers, Harsha Engineers IPO is GMP (Grey Market Premium) today 200.
Here we list the important Harsha Engineers IPO Details,
– Harsh Engineers IPO GMP: According to market experts, shares of Harsh Engineers are available at a premium of Rs. 200 in the gray market today.
– Harsha Engineers IPO Subscription: The issue will open on 14 September 2022 and will remain open on 16 September 2022.
– Harsha Engineers IPO Price Band: The company has fixed its offer price from 314 330 per equity share.
– Harsh Engineers IPO Size: The company aims to raise out of which 755 crore 300 crore is expected through OFS route.
Harsha Engineers IPO Lot Size: A bidder will be able to apply for IPO in lots and one lot of public issue will consist of 45 shares of the company.
Harsh Engineers IPO Allotment Date: The tentative date for allotment of shares is 21st September 2022.
– Harsha Engineers IPO Financials: Ahmedabad-based company’s revenue from operations up 51.24 percent 1321.48 crore for the financial year 2022 from 873.75 crore for FY21, mainly on account of increase in its revenue from operations from engineering business, while profit after tax increased by 102.35 per cent. 91.94 crore for the financial year 2022 from 45.44 crores for FY21, primarily on account of increase in revenue from operations from engineering business and reduction in operating losses of solar EPC business as well as gains on account of exchange rates.
Harsh Engineers IPO Lead Managers: Axis Capital Limited, Equirus Capital Private Limited and JM Financial Limited are the Book Running Lead Managers of the issue.
Harsh Engineers IPO Registrar: Link Intime India Private Limited has been appointed as the Official Registrar of Public Issues.
Harsh Engineers IPO Listing: The issue is proposed to be listed on both NSE and BSE.
Harsha Engineers IPO Listing Date: The tentative date for IPO listing is 26 September 2022.
About Harsha Engineers International
The Ahmedabad-based company offers a diverse suite of precision engineering products across geographies and end-user industries, including the engineering business, under which it specializes in bearing cages (in brass, steel and polyamide materials), complex and specialized precision stamped components, Manufactures welded. Assemblies and castings of brass and cages and bronze bushings; and Solar EPC business, under which it provides complete comprehensive turnkey solutions for all solar photovoltaic requirements.
As of March 31, 2022, has manufactured over 7,205 bearing cages and over 295 other products. In addition, over the past three years its product development and innovation center has developed more than 1,200 products with a variety of bearing types.
The company has five strategically located manufacturing facilities, with two major manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat in India, and one each in Changshu, China and Ghimbav Brasov in Romania, which It helps it to reach the global level. Market more efficiently and in a cost-effective manner and allows it to reach its customers in more than 25 countries covering five continents i.e. North America, Europe, Asia, South America and Africa.
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