Harsha Engg Intl
CMP
531.95
+29.95 (5.97%)
- DRHP
₹330
Offer Price
₹ 755.00 Cr
Issue Size
₹ 14,850
Min Investment
47.19x
Times Subscribed
45
Lot size
Time Line
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14Sep 2022Open
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16Sep 2022Close
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21Sep 2022Finalisation of Basis of Allotment
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22Sep 2022Initiation of Refunds
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23Sep 2022Transfer of Shares to Demat Account
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26Sep 2022Listing Date
Shares Offered
Number of Times Subscribed
Day 3
16 Sep 2022
47.19x
QIB
178.26
NIB
40.36
Retail
12.44
Employee
12.07
Day 2
15 Sep 2022
7.07x
QIB
1.63
NIB
15.87
Retail
6.44
Employee
6.34
Day 1
14 Sep 2022
1.92x
QIB
0.06
NIB
3.60
Retail
2.28
Employee
2.33
Objects of the Offer
-
Enhance market leadership in bearing cages and expanding its customer base
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Retain and strengthen its technological leadership through continued focus on development and automation.
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Growing its stamping and specialised component segment.
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Focus on increasing operational efficiencies to improve returns
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Increased focus on developing products suited to capture market opportunity in the growing electric vehicle segment
Products & Services
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The Company manufactures and sell bearing cages to customers who primarily operate in the automotive, aviation & aerospace, railways, construction, mining, renewable energy, agriculture and other industrial sectors.
Strengths
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Comprehensive solution provider offering diversified suite of precision engineering products across geographies and end-user industries
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Long standing relationships with leading clientele
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Strategically located domestic and international production facilities and warehouses
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Expertise in Tooling, design development and automation
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Consistent track record of growth and financial performance
Company Promoters
Promoters Holding
Issue For IPO
8.70%
Pre Holding
57.43%
Post Holding
48.73%
Top Promoters Holding
Financials
All values in Cr
| Mar-2021 | Mar-2022 | Mar-2023 | 3-Yr trend | |
|---|---|---|---|---|
| Revenue | 873.75 (-1.40%) | 1,321.48 (51.20%) | 1,364.02 (3.20%) | |
| Gross Profit | 94.83 (41.90%) | 161.98 (70.80%) | 203.24 (25.50%) | |
| Net Income | 45.44 (107.40%) | 91.94 (102.30%) | 123.28 (34.10%) | |
| Assets | 795.45 (-0.60%) | 919.96 (15.70%) | 1,264.99 (37.50%) | |
| Liabilities | 368.27 (-19.10%) | 398.10 (8.10%) | 193.22 (-51.50%) |
Peers
| Company Name | Revenue (Cr) | Net Profit (Cr) | Assets (Cr) | Liabilities (Cr) | ROE | EPS | BVPS | Current Ratio | Debt to Assets |
|---|---|---|---|---|---|---|---|---|---|
| Harsha Engineers International Ltd | 873.75 | 45.44 | 795.45 | 368.27 | 10.49 | 9.09 | 85.44 | 3.27 | 0.45 |
| Timken India Ltd | 1,410.52 | 143.18 | 1,888.49 | 1,888.49 | 10.65 | 19.03 | 178.61 | 7.58 | 0.02 |
| SKF India Ltd | 2,670.73 | 297.69 | 2,302.61 | 2,302.61 | 19.03 | 60.20 | 316.30 | 12.92 | 0.00 |
| Rolex Rings Ltd | 616.33 | 86.96 | 796.92 | 796.92 | 25.05 | 36.26 | 144.74 | 10.91 | 0.59 |
| Sundram Fasteners Ltd | 3,644.29 | 359.18 | 3,929.92 | 3,929.92 | 15.30 | 17.10 | 112.25 | 9.13 | 0.25 |
Book Running Managers
- Axis Capital Ltd
- Equirus Capital Pvt Ltd
- JM Financial Ltd
Registrar & Transfer Agent
Link Intime India Pvt Ltd
C-101 247 Park,L B S Marg,
Vikhroli West - Mumbai-400083 Phone : 91-22-49186000 Fax: 91-22-49186060
Company Contact Information
NH-8A Sarkhej-Bavla Highway,Changodar,
Ahmedabad - 382213 Phone : 91-2717-618200 Email : sec@harshaengineers.com www.harshaengineers.com
Offer Related Information
Initial public offering of 22,886,595* equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 330 per equity share (including a share premium of Rs. 320 per equity share) ("Offer Price") aggregating up to Rs. 755.00 crores (the "Offer") comprising a fresh issue of 13,795,695* equity shares aggregating up to Rs. 455.00 crores by the company ("Fresh Issue") and an offer for sale of 9,090,900* equity shares aggregating up to Rs. 300.00 crores... More
News
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No Data Found.
Harsha Engg Intl FAQ's
The shares of Harsha Engg Intl were first listed on the stock exchanges on June 26, 2024.
The total issue size of the Harsha Engg Intl IPO was 1,10,00,000 shares, amounting to Rs. 132 crore. they
The minimum lot size for Harsha Engg Intl public issue was 125 shares.
The price band of the IPO of Harsha Engg Intl was Rs. 114 to Rs. 120 per equity share.
Harsha Engg Intl IPO is a public issue through which the company raised approximately Rs. 132 crore by issuing around 1.1 crore equity shares to the public. After a successful IPO, the company’s shares are currently listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), where they are freely traded without restrictions.
Bigshare Services Private Limited is the registrar and share transfer agent of Harsha Engg Intl IPO.
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