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Harsha Engineers International Ltd.

BSE
ListedListed on 26 Sept 2022+34.5%

₹314–330

₹ 755 Cr

45 Shares

₹ 14,130

₹10

Financial Summary

Consolidated(in ₹ million)
ParticularsFY 2025-26FY 2024-25
1,62,6791,40,765
4,5933,773
1,67,2721,44,538
1,39,4551,23,271
21,52513,568
15,5208,931

Subscription Details

Subscription data not yet available

IPO Timeline

IPO Offer Start

14 Sept 2022

IPO Offer Ends

16 Sept 2022

26 Sept 2022

Use of Proceeds

#PurposeAmount (₹ Million)
1Funding capital expenditure requirements779.54
2Infrastructure repairs and renovation of our existing production facilities including office premise71.16
3General corporate purposes743.3

Promoters

Rajendra ShahHarish RangwalaVishal Rangwala Pilak Shah

Book Running Lead Managers

Axis Capital Ltd.Equirus Capital Pvt LtdJM Financial Ltd.

About the Company

We are the largest manufacturer of precision bearing cages, in terms of revenue, in organsied 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. (ii) solar EPC business,under which we provide complete comprehensive turnkey solutions to all solar photovoltaic requirements.

Use of Proceeds

(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 (d) General corporate purposes.