Harsha Engineers IPO details (14 – 16 Sep), (Price ₹ 314 to 330)
Listing date and Listing Price of Harsha Engineers IPO:
- Harsha Engineers IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Harsha Engineers IPO on NSE – Click Here
- Listing Price of Harsha Engineers IPO on BSE – Click Here
Grey Market premium (GMP) price of Harsha Engineers IPO :
Grey Market premium (GMP) price of Harsha Engineers IPO is ₹__. Grey Market premium (GMP) of Harsha Engineers IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Harsha Engineers IPO Allotment link status on Link Intime:
- Check the allotment status of Harsha Engineers IPO on the below link given by Link Intime.
- Harsha Engineers IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Harsha Engineers IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Harsha Engineers IPO subscription status details:
Harsha Engineers IPO subscription status details are below:
|QIB (Qualified Institl. Bidders)||NII (bids above ₹10L)||NII (bids below ₹10L)||RII (Retail)||Total No. of times applied|
Harsha Engineers IPO highlights:
|Harsha Engineers IPO bid Opens on||14 Sep 2022|
|Harsha Engineers IPO bid Closes on||16 Sep 2022|
|Post issue Modification Period||17 Sep 2022 (10 to 11 am)|
|Cut-off time for UPI Mandate Confirmation||17 Sep 2022 (up to 12pm)|
|Issue type||100% Book Building|
|Harsha Engineers IPO issue size||₹ 755 Cr|
|Face value of each equity share||Rs. 10|
|Harsha Engineers IPO Price band||Rs 314 to Rs 330 per share|
|Harsha Engineers IPO market lot||45 equity shares and multiples|
|Harsha Engineers IPO minimum order quantity||45 equity shares|
|Pre IPO equity share of promoters of Harsha Engineers||__ %|
|Post IPO paid-up equity share of promoters of Harsha Engineers||__ %|
|QIB portion reservation in Harsha Engineers IPO||50 %|
|NIB portion reservation in Harsha Engineers IPO||15 %|
|Retail portion reservation in Harsha Engineers IPO||35 %|
|Retail individual bidder can apply in Harsha Engineers IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in Harsha Engineers IPO||NA|
|Employees can apply in Harsha Engineers IPO||up to 5 lakh (500,000)|
|Employees Reservation in Harsha Engineers IPO||NA|
|Employees Discount in Harsha Engineers IPO||NA|
|Listing of Harsha Engineers at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of Harsha Engineers||NA|
|Registrar of Harsha Engineers IPO issue||Link Intime India Private Limited|
Harsha Engineers IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Harsha Engineers IPO are mentioned below.
|Harsha Engineers IPO opens on||14.09.2022|
|Harsha Engineers IPO Closes on||16.09.2022|
|Allotment basis date of Harsha Engineers IPO||21.09.2022|
|Money refund date of Harsha Engineers IPO||22.09.2022|
|Shares of Harsha Engineers in Demat Account||23.09.2022|
|Harsha Engineers IPO listing date on NSE, BSE||26.09.2022|
How much shares of Harsha Engineers IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 831.60 Crore|
|Fresh Issue size||–||₹ 831.60 Crore|
|Offer for Sale (OFS)||–||₹ 0 Crore|
IPO Red Herring Prospectus (RHP) of Harsha Engineers:
Objectives of the Harsha Engineers IPO Issue: (Source – RHP)
Requirement of funds Our Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding of the following objects: (a) Pre-payment or scheduled repayment of a portion of the existing borrowing availed by our Company; (b) Funding capital expenditure requirements towards purchase of machinery; (c) Infrastructure repairs and renovation of our existing production facilities including office premises in India; and (d) General corporate purposes.
Business of Harsha Engineers: (Source – RHP)
We are the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world. (Source: CARE Advisory Report). We offer diversified suite of precision engineering products across geographies and end-user industries. Our business comprises: (i) engineering business, under which we manufacture bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings; and (ii) solar EPC business, under which we provide complete comprehensive turnkey solutions to all solar photovoltaic requirements.
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