Harsha Engineers IPO

Harsha Engineers International Ltd.

₹14,130 /45 sharesMinimum Investment

Harsha Engineers IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
14 Sep ‘22 - 16 Sep ‘22₹14,13045₹314 - ₹330
Issue SizeIPO Doc
755.00Cr
RHP PDF

Subscription Status As on 17 Sep '22, 10:00 AM

  • Retail Individual Investor
    17.63x
  • Non-Institutional Investor
    71.32x
  • Qualified Institutional Buyers
    178.26x
  • Employees
    12.07x
  • Total
    74.70x

About Harsha Engineers

Harsha Engineers International is the largest manufacturer of precision bearing cages, in terms of revenue, in the organized sector in India. ts business comprises: engineering business and solar EPC business. The company offers a wide range of bearing cages starting from 20 mm to 2,000 mm in diameter used in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors, etc. Harsha Engineers has five manufacturing facilities, two of which are located outside India.;
Parent Organisation
Harsha Engineers International Ltd.
Founded
2010
Managing Director
Harish Rangwala
Should you invest in Harsha Engineers International Ltd. IPO?

Strengths & Risks

  • Comprehensive solution provider offering a diversified suite of precision engineering products across geographies and end-user industries.
  • A strong relationship with customers who are leading global bearing manufacturers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, and renewables sectors.
  • Strategically located domestic and international production facilities and warehouses.
  • Decades of experience in precision engineering.
  • Consistent track record of growth and financial performance.
  • Strong, experienced, and dedicated senior management team and qualified workforce.
  • Loss of any of its major customer groups due to any adverse development or significant reduction in business from its major customer groups.
  • Inability to maintain relationships with its agents or deficiency in the service provided by such agents.
  • Any failure to obtain, renew or comply with necessary regulatory approvals and licenses.
  • Administrative and operational difficulties due to the recently completed corporate reorganization.
  • Exposure to foreign currency exchange rate fluctuations.
  • Failure to comply with operational and financial covenants.
  • Inability to successfully diversify the product offerings of its engineering business.
  • Any disruption in the supply of raw materials or failure of its suppliers to meet their obligations.

Financials

*All values are in Rs. Cr
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