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Harsha Engineers International Ltd.

NSE & 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.

IPO Registrar

MUFG Intime India Pvt 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.

IPO FAQs

The Harsha Engineers International Ltd. IPO has a total of ₹755 crore, calculated at the upper end of the .

The Harsha Engineers International Ltd. IPO is priced at ₹314–330 per share. bids must fall within this , against a of ₹10 per share.

The for the Harsha Engineers International Ltd. IPO is 45 shares, which is also the minimum order quantity — you have to apply for at least 45 shares, and in multiples of 45 beyond that.

The minimum investment in the Harsha Engineers International Ltd. IPO is about ₹14,130 — one lot of 45 shares, calculated at the lower end of the .

Bidding at the cut-off or upper price raises the amount blocked in your account.

The Harsha Engineers International Ltd. opens on 14 Sept 2022 and closes on 16 Sept 2022.

Applications have to be in before 5:00 PM IST on the closing day, and your UPI mandate needs to be approved by then as well.

Harsha Engineers International Ltd. shares were listed on 26 Sept 2022 on BSE and NSE.

MUFG Intime India Pvt Ltd. is the for the Harsha Engineers International Ltd. IPO.

The registrar processes the , refunds and the credit of shares to your demat account, so allotment-status queries go to them — phone +91 810 811 8484 and email rnt.helpdesk@in.mpms.mufg.com.

Harsha Engineers International Ltd. IPO shares are listed on BSE and NSE.

Each Harsha Engineers International Ltd. share has a of ₹10.

Face value is the nominal value recorded in the company's books and is separate from the issue price you pay.

(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.

Axis Capital Ltd., Equirus Capital Pvt Ltd and JM Financial Ltd. are the for the Harsha Engineers International Ltd. IPO.

Pre-apply means placing your Harsha Engineers International Ltd. application before the subscription window actually opens. The bid is held and forwarded to the exchange on the opening day, so you don't have to submit it in the rush of the first morning.

Applying early doesn't improve your chances — when an issue is oversubscribed, the for investors is decided by a lottery, not by who applied first. Your money is only blocked once the application reaches the exchange.

You can apply in the Harsha Engineers International Ltd. IPO online using either UPI or ASBA as the payment method. ASBA applications are made through the net banking of a bank account that supports IPO applications — the bank blocks the amount in your account instead of debiting it. UPI applications are offered by brokers that don't provide banking services: you enter your UPI ID and then approve the mandate request in your UPI app.

Either route needs a demat account. You bid for at least one lot, at a price within the or at the cut-off price, and the money stays blocked in your bank account until the is finalised.

Your broker or bank confirms the bid once it has been submitted to the exchange, usually within a few minutes during the bidding window. A UPI application only goes live after you approve the mandate request — ignore it and the bid lapses, even though it looks placed.

You can check the Harsha Engineers International Ltd. bid independently on the NSE or BSE IPO bid-verification page a day after applying. An ASBA application also shows up as a blocked amount in your bank statement.