IPO Details

Issue Date

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Investment/lot

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Price Range

314 - 330

Lot Size

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IPO Size

₹ 755.26 Cr

IPO Listing Details

Listing On

26 Sep'22

Issue Price

330

Listed Price

₹ 450

Retail Gain/Listing Gain

--

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Harsha Engineers International Ltd. is the largest manufacturer of precision bearing cages, in terms of revenue, in the organised sector in India, as well as the leading manufacturers of precision bearing cages in the world. (Source: CARE Advisory Report). The business comprises of

  1. Engineering (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings;
  2. Solar EPC business, consisting of comprehensive turnkey solutions to all solar photovoltaic requirements.

The company is highly technology driven with a team of 253 qualified engineers (including solar EPC business) as of March 31, 2022, along with decades of experience in bearing cages engineering. They hold approximately 50-60% of the market share in the organised segment of the Indian bearing cages market and 6.5% of the market share in the global organised bearing cages market for brass, steel and polyamide cages in CY 2021 (Source: CARE Advisory Report), offering a wide range of bearing cages with application in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors etc.

We have four strategically located manufacturing facilities for our engineering business with one of our principle manufacturing facilities at Changodar, one at Moraiya near Ahmedabad in Gujarat in India, one manufacturing unit each at Changshu in China, and another in Ghimbav Brasov in Romania.

The company’s presence in these strategic locations helps to penetrate global markets more efficiently and in a cost effective manner, thus allowing access to customers, where products are supplied to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa.

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Strategically located domestic and international production facilities and warehouses
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Consistent track record of growth and financial performance
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Comprehensive solution provider with diversified engineering products
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Long standing relationships with leading clientele
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Here are a few strategies Harsha Engineers International Ltd. has for its business:

  • Enhance market leadership in bearing cages and expanding customer base
  • Retain and strengthen technological leadership through continued focus on development and automation
  • Focus on increasing operational efficiencies to improve returns
  • Growing the stamping and specialised component segment
  • Focus on growth by opportunistic inorganic acquisitions and partnerships with customers
  • Increased focus on developing products suited to capture market opportunity in the growing electric vehicle segment

And finally here’s a look at key financials of Harsha Engineers International Limited.

Particulars (in Rs. million)

Particulars (in Rs. million)

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Harsha Engineers International Ltd IPO FAQs

755.26 is the issue size of Harsha Engineers International Ltd IPO.

The price band of Harsha Engineers International Ltd IPO is ₹314 to ₹330.

The Harsha Engineers International Limited IPO has an issue size of around Rs. 755 crore. The IPO opens for subscription on 14th September 2022 and ends on 16th September 2022.

The allotment dates are yet to be announced.

Link Intime India Private Limited is the registrar for this IPO

The dates are yet to be decided.

You can read more about Harsha Engineers International Limited and its IPO from the company’s red herring prospectus (RHP) here:

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