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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Harsha Engineers International Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹330
Per ShareLot Size
45 Shares
Minimum Investment
₹14,850
Issue Size
₹755 Cr
Face Value
₹10
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
57.43%
Promoter Holding (Post-Issue)
48.73%
Issue Type
Book Building
ISIN
INE0JUS01029
The Company is 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. It offers diversified suite of precision engineering products across geographies and end-user industries. Its 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 the company provides complete comprehensive turnkey solutions to all solar photovoltaic requirements.
The global bearings market was valued at USD 85.2 billion in 2015 and grew to USD 106.1 billion in 2019 at a CAGR of 5.6%. Owing to COVID-19 since end of March 2020, the bearings market contracted in 2020 due to decline in demand and supply chain constraints. However, the market grew at an annual rate of 12% to USD 104.6 billion in 2021. The bearings market is expected to grow at a CAGR of 6% to 8% over 2021 to 2029 and is estimated to be valued at USD 171.7 billion in the year 2029.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 22,886,595* equity shares of face value of Rs. 10 each ("Equity Shares") of the company for cash at a price of Rs. 330 per equity share (including a share premium of Rs. 320 per equity share) ("Offer Price") aggregating up to Rs. 755.00 crores (the "Offer") comprising a fresh issue of 13,795,695* equity shares aggregating up to Rs. 455.00 crores by the company ("Fresh Issue") and an offer for sale of 9,090,900* equity shares aggregating up to Rs. 300.00 crores comprising an offer for sale of 2,022,725* equity shares aggregating up to Rs. 66.75 crores by Rajendra Shah, 2,272,725* equity shares aggregating up to Rs. 75.00 crores by Harish Rangwala, 500,000* equity shares aggregating up to Rs. 16.50 crores by Pilak Shah (together referred to as the "Promoter Selling Shareholders"), 2,272,725* equity shares aggregating up to Rs. 75.00 crores by Charusheela Rangwala and 2,022,725* equity shares aggregating up to Rs. 66.75 crores by Nirmala Shah (together referred to as the "Promoter Group Selling Shareholders", and collectively with the promoter selling shareholders referred to as the "Selling Shareholders", and each individually, as a "Selling Shareholder" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer will constitute 25.14%* of its post-offer paid-up equity share capital. The offer includes a reservation of 83,610* equity shares, aggregating up to Rs. 2.50 crores, for subscription by eligible employees (as defined herein) not exceeding 5% of its post-offer paid-up equity share capital ("Employee Reservation "Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Nt "Offer". The company and the promoter selling shareholders, in consultation with the book running lead managers, offered a discount of 9.39 % of the offer price (equivalent of Rs. 31 per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer constitutes 25.14*% and 25.05*%, respectively, of the post-offer paid-up equity share capital of the company. *Subject to finalization of basis of allotment Anchor Investor offer price: Rs. 330 per equity share Offer Price Rs. 330 per equity share of face value of Rs. 10 each. The offer price is 33.00 times of the face value.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
Track real-time subscription levels:
*Real-time data subject to exchange updates
The Company (formerly known as Harsha Engineers International Private Limited and Harsha Abakus Solar Private Limited) was incorporated as a private limited company under the provisions of the Companies Act, 1956 pursuant to a certificate of incorporation dated December 11, 2010, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli at Ahmedabad ("RoC"). Subsequently, the Company's name was changed to Harsha Engineers International Private Limited pursuant to a composite scheme of amalgamation and arrangement approved by Hon'ble National Company Law Tribunal, Ahmedabad Bench vide order dated December 23, 2021 and a fresh certificate of incorporation consequent to name change was issued by the RoC, on December 31, 2021. The Company was also converted into a public limited company and the name of the Company was changed to Harsha Engineers International Limited. A fresh certificate of incorporation consequent upon conversion from private to public company was issued by the RoC, on January 1, 2022.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.