Harsha Engineers IPO GMP, Harsha Engineers Grey Market Premium {Live}
Harsha Engineers IPO: Harsha Engineers IPO GMP (Harsha Engineers Grey Market Premium), Harsha Engineers International Limited IPO Date, Harsha Engineers Ltd IPO Review, Harsha Engineers IPO Benefits & Risks. We will update Harsha Engineers GMP daily. Also, all information related to Harsha Engineers IPO like price band, all dates, issue size and retail quota etc.
Harsha Engineers IPO
Harsha Engineers International Limited is a precision engineering company that mainly manufactures Bearing Cage and Stamped Components. Harsha Engineers Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 755 crore through IPO (Initial public offering).
Harsha Engineers IPO will open on 14 September 2022 and close on 16 September 2022. The price band of the Harsha Engineers IPO is ₹314 to ₹330. Harsha Engineer's IPO size is 755 Crores. The offer includes 455 Crores under fresh issue and 300 Crores under offer for sale. Harsha Engineers IPO QIB quota is 50%, NII quota is 15% and RII quota is 35%. Harsha Engineers IPO listing date is 26 September 2022. You can know about Harsha Engineers IPO GMP (Grey Market Premium) below.
The Harsha Engineers has given good financial performance. The company made a profit of ₹43.71 crores in the financial year 2021 (Sep 2021). The IPO of Harsha Engineers will be listed on NSE and BSE. Harsha Engineers IPO face value is ₹10 per equity share.
We will talk about Harsha Engineers' financials, benefits, and risks of investing in the company.
Read About
What is Harsha Engineers IPO GMP Today?
Harsha Engineers IPO GMP is ₹150.
What is the Harsha Engineers IPO Date?
Harsha Engineers IPO Opening date is 14 September 2022.
What is Harsha Engineers IPO Expected Return?
Harsha Engineers IPO Expected Returns is approx 50%.
About Harsha Engineers International Ltd
Harsha Engineers International Limited is a precision engineering company that manufactures Bearing Cages and Stamped Components. The company has a diversified product portfolio. Harsha Engineers International Limited is a leading engineering firm spread across continents and end-user regions.
Harsha Engineers International Limited was incorporated in the year 2010. Presently the company has emerged as the largest manufacturer of precision bearing cages in India in terms of revenue in the organized sector. Harsha Engineers International Limited is a part of the Harsha Group. This company provides its services in more than 25 countries covering five continents of the world i.e. Asia, Europe, North America, South America, and Africa.
Harsha Engineers International Limited has a share of around 5% to 6% in the organized segment of global brass, steel, and polyamide-bearing cages in terms of revenue. The company has the expertise to design, develop and manufacture advanced tooling in-house. The company's major production facilities in India are at Changodar near Ahmedabad and Moraiya in Gujarat.
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Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements for the purchase of new machinery.
- To meet general corporate objectives.
Harsha Engineers GMP Today (Grey Market Premium)
[Note: Harsha Engineers Ltd IPO GMP is given below]
| DATE | GMP | KOSTAK | Subject to Sauda |
|---|---|---|---|
| 25 September | ₹150 | ₹700 | ₹7000 |
| 24 September | ₹170 | ₹700 | ₹7000 |
| 23 September | ₹170 | ₹700 | ₹7200 |
| 22 September | ₹240 | ₹700 | ₹8000 |
| 21 September | ₹240 | ₹700 | ₹8000 |
| 20 September | ₹240 | ₹700 | ₹8000 |
| 19 September | ₹240 | ₹700 | ₹8000 |
| 18 September | ₹240 | ₹700 | ₹8000 |
| 17 September | ₹240 | ₹700 | ₹8000 |
| 16 September | ₹230 | ₹500 | ₹8000 |
| 15 September | ₹225 | ₹500 | ₹8000 |
| 14 September | ₹210 | ₹500 | ₹7500 |
| 13 September | ₹210 | ₹- | ₹7500 |
| 12 September | ₹220 | ₹- | ₹7500 |
| 11 September | ₹140 | ₹- | ₹5200 |
| 10 September | ₹140 | ₹- | ₹5200 |
| 09 September | ₹140 | ₹- | ₹5200 |
| 08 September | ₹- | ₹- | ₹- |
Check Harsha Engineers IPO Allotment Status
Harsha Engineers IPO Date and Price Band Details
Harsha Engineers IPO open date: 14 September 2022, Closing date: 16 September 2022, and Listing date: 26 September 2022. The price band of Harsha Engineers IPO is ₹314 to ₹330 per share. Harsha Engineer's IPO issue size is Rs 755 crores. Harsha Engineers Ipo retails portion is 35%, QIB Portion is 50%, and NII Portion is 15%.
| IPO Open: | 14 September 2022 |
| IPO Close: | 16 September 2022 |
| Listing Date: | 26 September 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹755 crores |
| Fresh Issue: | Approx ₹455 crores |
| Offer For Sale: | Approx ₹300 crores |
| Price Band: | ₹314 to ₹330 per share |
| Face Value: | ₹10 per Equity share |
| QIB Portion: | 50% |
| Retail Portion: | 35% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Harsha Engineers IPO Market Lot & Size
Harsha Engineers IPO's minimum lot size is 45 shares with ₹14,850 application amount and the maximum lot size is 585 shares with ₹193,050 application amount.
| Minimum Lot: | 01 |
| Minimum Lot Size: | 45 Shares |
| Minimum Amount: | ₹14,850 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 585 Shares |
| Maximum Amount: | ₹193,050 |
Harsha Engineers IPO Allotment & Listing Date
| Ipo Opening Date: | 14 September 2022 |
| IPO Closing Date: | 16 September 2022 |
| Basis of Allotment: | 21 September 2022 |
| Refund Date: | 22 September 2022 |
| Credit to Demat Account: | 23 September 2022 |
| Listing Date: | 26 September 2022 |
Harsha Engineers IPO Review
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Harsha Engineers Ipo Review
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Strength
- Harsha Engineers International Limited has emerged as the largest manufacturer of precision bearing cages in India in terms of revenue in the organized sector.
- The company offers its products on five continents including Asia, Europe, North America, South America, and Africa.
- Harsha Engineers International Limited is a leading engineering firm spread across continents and end-user regions.
- The company has an experienced and dedicated senior management team.
- The company has a diversified product portfolio.
- The company has long-term partnerships with many high-profile customers.
Risks
- A large amount of the company's revenues come from a small number of customers.
- His company is subject to changes in foreign currency exchange rates, which may have a negative impact on the company.
- Their inability to diversify the product of their engineering business may stunt the growth of the company.
- COVID-19 has had a negative impact on the company.
- The company had a loss of 27.41 crores in the financial year 2019. So a big question comes whether the company will be able to remain profitable in the future or not.
Harsha Engineers Ltd Financials
Harsha Engineers Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| 2019 | ₹195 | ₹117.9 | ₹(27.41) |
| 2020 | ₹973.24 | ₹899.5 | ₹21.91 |
| 2021 | ₹981.07 | ₹876.73 | ₹45.44 |
| 2022 | ₹1158.25 | ₹1339 | ₹91.94 |
Promoters
The promoters of the company are:
- Harish Rangwala
- Vishal Rangwala
- Rajendra Shah
- Pilak Shah
Contact Details of Harsha Engineers
Harsha Engineers International Limited
NH-8A, Sarkhej- Bavla Highway,
Changodar, Ahmedabad 382213,
Gujarat, India
Tel: +91 2717-618200
E-mail: sec@harshaengineers.com
Website: www.harshaengineers.com
Harsha Engineers Lead Managers
- JM Financial Limited
- Axis Capital Limited
- Equirus Capital Private Limited
Harsha Engineers IPO Registrars
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: harshaengineers.ipo@linkintime.co.in
Website: www.linkintime.co.in
Conclusion
There are some good and some bad things in the company. Looking at the financial position of the company, the track record has been good. In the financial year 2022, the company had a profit of Rs 91.94 crore. The company operates in many different sectors. Our suggestion will be updated when the Harsha Engineers Limited IPO starts. Harsha Engineers Limited IPO financial details and other information are given above.
Harsha Engineers IPO FAQs
What is Harsha Engineers IPO GMP Today?
Harsha Engineers IPO GMP is ₹150 as of today.
What is the Harsha Engineers IPO Opening Date?
Harsha Engineers IPO Opening date is 14 September 2022.
What is the Harsha Engineers IPO Closing Date?
Harsha Engineers IPO Closing date is 16 September 2022.
What is the Harsha Engineers IPO Allotment date?
Harsha Engineers IPO Allotment Date is 21 September 2022.
What is the Harsha Engineers IPO Listing Date?
The Harsha Engineers IPO Date is 26 September 2022.
What is Harsha Engineers IPO Kostak Rate?
Harsha Engineers IPO Kostak rate is ₹700.
What is Harsha Engineers IPO Expected Returns?
Harsha Engineers IPO Expected Returns is 50%.
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You can also know about the stock market and Grey Market Premium, IPO Allotment Status.
How to Apply the Harsha Engineers Ltd IPO with Zerodha?
1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO.
2. If you are a Desktop user then Log in to Console on Zerodha Website. Go to Portfolio and Click on IPO.
3. You will see the IPO name "Harsha Engineers Ltd".
4. Then, Click on Bid Button.
5. Then, Enter your UPI ID.
6. Then, Fill in Quantity and Price. (we recommend, that you should choose the cutoff price.)
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
7. Then Submit the IPO Application Form.
8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.
Disclaimer
- We are not involved in gray market trading in any way. And do not provide the facility to buy or sell any IPO from IPO.
- Reference to IPO Grey Market Premium (IPO GMP) is valid only for the date specified in the header.
- We are not involved in the buying or selling of IPO forms.
- Do not decide to subscribe to an IPO solely based on GMP (Grey Market Premium), as this can change at any time. Research the fundamentals and financial statements of companies before subscribing.
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