Harsha Engg Intl
CMP
515.80
-4.90 (-0.94%)
- 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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