Harsha Engineers International Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Harsha Engg Intl

CMP

557.75

+4.20 (0.76%)

  • DRHP
₹330

Offer Price

₹ 755.00 Cr

Issue Size

₹ 14,850

Min Investment

47.19x

Times Subscribed

45

Lot size

Time Line

  • 14
    Sep 2022
    Open
  • 16
    Sep 2022
    Close
  • 21
    Sep 2022
    Finalisation of Basis of Allotment
  • 22
    Sep 2022
    Initiation of Refunds
  • 23
    Sep 2022
    Transfer of Shares to Demat Account
  • 26
    Sep 2022
    Listing Date

Shares Offered

Number of Times Subscribed

Objects of the Offer

  • Enhance market leadership in bearing cages and expanding its customer base

  • Retain and strengthen its technological leadership through continued focus on development and automation.

  • Growing its stamping and specialised component segment.

  • Focus on increasing operational efficiencies to improve returns

  • Increased focus on developing products suited to capture market opportunity in the growing electric vehicle segment

Products & Services

  • 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

  • Comprehensive solution provider offering diversified suite of precision engineering products across geographies and end-user industries

  • Long standing relationships with leading clientele

  • Strategically located domestic and international production facilities and warehouses

  • Expertise in Tooling, design development and automation

  • 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-2022 Mar-2023 Mar-2021 3-Yr trend
Revenue 1,321.48 (51.20%) 1,364.02 (3.20%) 10.49 (-)
Gross Profit 1,321.48 (51.20%) 1,364.02 (3.20%) 10.49 (-)
Net Income 1,321.48 (51.20%) 1,364.02 (3.20%) 10.49 (-)
Assets 1,321.48 (51.20%) 1,364.02 (3.20%) 10.49 (-)
Liabilities 1,321.48 (51.20%) 1,364.02 (3.20%) 10.49 (-)

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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