Harsha Engineers International Limited

Harsha Engineers International Limited

Harsha Engineers International Limited
listed
₹14,130Min. investment
  1. Bid start
    14 Sep
  2. Bid end
    16 Sep
  3. Allotment
    16 Sep
  4. Release of funds
    22 Sep
  5. Demat transfer
    21 Sep
  6. Listing
    26 Sep

About Harsha Engineers International Limited

Price range₹314 – ₹330
IPO type
Regular
Lot size45 shares
Issue size₹755Cr
RHP/DRHP
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Checklist

Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

How to check the Harsha Engineers International **** IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes.
Here’s a step-by-step guide on how to check the Harsha Engineers International IPO allotment status:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your Harsha Engineers International IPO allotment status will be mentioned

About Harsha Engineers International IPO

After a bumpy ride over the last few years, the automobile industry is once again in the fast lane. The easing of chip shortage, falling commodity prices and revival in demand has fuelled the sales of automobiles in India. Against this backdrop, Harsha Engineers International, the largest manufacturer of bearing cages in India, is planning to launch its IPO. Bearing cages are predominantly used in the automotive industry, which is witnessing strong traction.
Currently, Harsha Engineers commands around 50% market share in India’s organised bearing cages market. It also has a presence globally, accounting for 6.5% of the market share in the global organised bearing cages space.
What’s more interesting is that its bearing cages (starting from 20 mm to 2,000 mm in diameter) also find its application in various other segments apart from automotive. These bearing cages can be used in railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors etc.
This company’s IPO will be open for subscription between 14 September 2022 and 16 September 2022. The Harsha Engineers International IPO will be a combination of an offer for sale and fresh issue. The money raised through the fresh issue of Harsha Engineers International Ltd IPO will be used for reducing debt, purchasing machinery, infrastructure repairs and renovation.
Here are some key details about the Harsha Engineers International IPO:
Company NameHarsha Engineers International Limited Company TypePrivate
Founder's NameHarish Rangwala &  Rajendra ShahHarsha Engineers International IPO Price band₹314 - ₹330 per share
  Financial snapshot
ParticularsFY 20FY 21FY 22
Revenue From Operations₹ 885.8 crore₹ 873.7 crore₹ 1321.4 crore
Net Profit₹ 21.9 crore₹ 45.4 crore₹ 91.9 crore
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Here's a quick look at Harsha Engineers International IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. Has manufactured more than 7,500 types of products in the automotive and industrial segments
  2. Supplies products to customers in over 25 countries 
  3. Around 64% of the engineering business revenue in FY22 came from outside India
  4. Supplies to each of the top six global bearing manufacturers
  5. The average age of its relationship with its top five customer groups span more than a decade
  6. Has five strategically located manufacturing facilities spread across three countries: India, China, and Romania 
  7. It is also an EPC (engineering, procurement and construction) service provider in the solar photovoltaic industry 
  8. Provides operations and maintenance services in the solar sector

Risks and weaknesses

  1. Top five customers accounted for 71% of the revenue from the engineering business in FY22
  2. Around 94% of its revenue came from the engineering business in FY22
  3. Its units and operations require constant power supply. Any disruption in the supply of power may disrupt its operations
  4. Exposed to foreign currency exchange rate fluctuations, which may adversely affect its business
  5. Reported a loss in FY19 and may incur additional losses in the future
  6. Its EPC solar business is exposed to risks such as increases in the price and availability of labour, equipment and materials

Harsha Engineers International IPO details

**** Harsha Engineers International IPO date

The offer document filed by the company with the SEBI mentions that the Harsha Engineers International IPO’s opening date – in other words, the Harsha Engineers International IPO launch date – will be on 14 September 2022. The Harsha Engineers International IPO closing date is 16 September 2022. After this, investors will be updated about the allotment status on 21 September 2022.
Investors, who have been allotted shares, can expect them to be credited in their demat account on 23 September 2022. The Harsha Engineers International IPO listing date is 26 September 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.

**** Harsha Engineers International **** IPO Price Band

The entire IPO is a book-built issue. The Harsha Engineers International IPO price band has been set between ₹314 and ₹330 per share. Interested investors can choose a price within this band to apply for the IPO.
The Harsha Engineers International IPO listing price will be determined on 26 September 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.

**** Harsha Engineers International IPO Lot size

The Harsha Engineers International IPO details have been declared. The Harsha Engineers International IPO lot size is set at 45 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (532 shares). Meanwhile, the Harsha Engineers International IPO issue size is ₹755 crore.

How to pre-apply for the Harsha Engineers International   IPO?

You can pre-apply for the Harsha Engineers International IPO before it opens for subscription. On Upstox, the pre-application for this IPO, which means pre-apply open date, will begin on 12 September 2022.
Follow these steps to pre-apply for the IPO:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Harsha Engineers International IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

How to apply for the Harsha Engineers International   IPO?

If you are interested in this investment opportunity but unsure how to apply for the Harsha Engineers International IPO, here we are listing out the steps for you.
When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the Harsha Engineers International IPO on Upstox:
  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘Harsha Engineers International IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Harsha Engineers International **** IPO

To apply for the Harsha Engineers International IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.
Here is a step-by-step guide on how to open a demat account with Upstox:
  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number.
This is all it takes to open a demat account with Upstox. Easy and quick, right?

Upstox – trading app to apply for the Harsha Engineers International **** IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.
You can apply for the Harsha Engineers International IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.
In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Harsha Engineers International Limited ?

The issue size of the Harsha Engineers International Limited is 755 Cr.

What is 'pre-apply' for Harsha Engineers International Limited ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Harsha Engineers International Limited shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.