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Harsha Engineers Limited IPO (Harsha Engineers IPO) Detail

Incorporated in 1986, Ahmedabad based Harsha Engineers Limited is a manufacturer of precision bearing cages in India. It covers nearly 5%-6% of the organized segment of the global precision bearing cages market and 50% of the Indian market.

The company manufactures cages for industrial and automotive applications in polyamide, brass and steel in up to 2,000 mm diameter sizes. Harsha Engineers is also specialised in manufacturing precision and complex stamped components for the customers.

The company is capable of manufacturing more than 5,000 products for industrial and automotive segments. In the last 5-years, the development and innovation centre of the company has manufactured around 850+ products in different bearing segments.

The principal production unit of the company is located at Changodar and Moraiya in Ahmedabad, Gujarat. It also has a production facility in Changshu and Suzhou (China) and Ghimbav Brasov (Romania). Harsha Engineers Ltd allows customers from 25 countries and has warehouses at the 15 locations in the world.

The competitive strengths of the company are:
1. Diversified product portfolio
2. Local and international presence
3. Decades of experience in tooling, research, development and automation

Company Promoters:

The promoters of the company are Rajendra Shantilal Shah, Harish Ranjit Rangwala, Vishal Rangwala, Pilak Rajendra Shah and Munjal Rangwala.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. 10 Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 6,773.31 5,864.11 7,294.65
Total Revenue 7,675.29 6,164.94 6,347.70
Profit After Tax 565.94 110.13 234.45

Objects of the Issue:

The Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding of the following objects:

(a) Pre-payment or scheduled repayment of certain indebtedness availed by our Company;
(b) Purchase of machinery in India;
(c) Investment in Subsidiaries:
(i) Investment in Harsha Engineers Europe SRL by ways of equity infusion; and
(ii) Investment in Harsha Precision Bearing Components (China) Co. Ltd., in the form of debt capital.
(d) Infrastructure development for the existing facilities in India; and
(e) General corporate purposes.

Harsha Engineers IPO Details

Issue Open
Issue TypeBook Built Issue IPO
Issue Size
Fresh Issue[.] Eq Shares of Rs 10
(aggregating up to Rs 370.00 Cr)
Offer for Sale1,325,000 Eq Shares of Rs 10
(aggregating up to Rs [.] Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs - Rs Per Equity Share
Market Lot
Min Order Quantity
Listing AtBSE, NSE

Harsha Engineers IPO Promoter Holding

Pre Issue Share Holding99.70%
Post Issue Share Holding

Harsha Engineers IPO Prospectus

Harsha Engineers IPO Rating

158
4.1
Rating:Rated 4.1 stars

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Harsha Engineers IPO Reviews / Ratings

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Company Contact Information

Harsha Engineers Limited
Sarkhej-Bavla Road,
PO Changodar,
Ahmedabad - 382 213

Phone: 91 2717 618 200
Email: sec@harshaengineers.com
Website: http://www.harshaengineers.com/

Harsha Engineers IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: harshaengineers.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

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Harsha Engineers IPO Review / Comments

Rathod
7. Rathod  Aug 12, 2019 00:43 I Like It. | Report Abuse Reply
Which bank provides online asba for HUF accounts..
Anyone plz help..
Better R
7.3. Better R  Aug 18, 2019 10:21 I Like It. | Report Abuse
me using OBC for my HUF accounts
sustain
7.4. sustain  Aug 18, 2019 19:37 I Like It. | Report Abuse
I have in Axis Bank
AbhishekT
6. AbhishekT  Aug 13, 2019 09:42 I Like It. | Report Abuse Reply
When This IPO Will Come ?
K Arun
5. K Arun  Aug 9, 2019 10:13 I Like It. | Report Abuse Reply
Please inform me, on last day of issue closer,up to which time, online we can apply/withdraw.Just
sbi - 2 pm
hdfc - 4 pm but accepcts only d - mat account of hdfc securities
idbi
bob
maharastra
kotak
central
i want to open 6-accounts with each of my family member .earlier i was applying through joint account
👉 IPO Janadesh 💃
5.6. 👉 IPO Janadesh 💃  Aug 12, 2019 15:50 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 1400+ Likes)
This facility is not in mobile app.You have to compulsorily use PC.Procedure is little lengthy compared to other banks.You have to register your pc / download application.IP address is required.Online asba is also somewhat different from other banks.you have to take your application number from the exchange before applying.So this option is useful until offline asba is available because to avail application number offline asba form has to be downloaded.So If from 1st October offline asba discontinues , online asba can't be done here.If you have app on your pc , Check the investment menu.Here asba option is available.Note carefully that application will not cancelled and modification is also not allowed.So that options are not available.
jajo
5.7. jajo  Aug 12, 2019 17:07 I Like It. 1 | Report Abuse
@IPO Janadesh, thank you very much for your kind & prompt response. It was very helpful.
Thank you again.
KING VINOD
4. KING VINOD  Aug 8, 2019 13:43 I Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
Upcoming IPOs
1.Mazagon Dock Shipbuilders - IPO Size Approx 650 cr
2.ASK Investment Managers - IPO Size Approx 1500 cr
3.AGS Transact Tech - IPO Size Approx 1000 cr

Mazagon Dock Shipbuilders and ASK Investment Managers this both IPOs will planning by this month end to hit Primary Market.

AGS Transact Tech IPO planning in September Month.

Last 3 IPOs are Very Aggressively Price. So Hope for Reasonable pricing in all up coming IPOs.
Rajkot Special
3. Rajkot Special  Aug 6, 2019 14:07 I Like It. | Report Abuse Reply
This ipo will be withdraw
KING VINOD
2. KING VINOD  Aug 5, 2019 13:33 I Like It. | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 2100+ Likes)
Harsha Eng Ltd IPO
Most probably this IPO will be come for Public issue Next month only
👉 IPO Janadesh 💃
1. 👉 IPO Janadesh 💃  Jul 30, 2019 14:58 I Like It. 17 | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 1400+ Likes)
Save this IPO list which are in the row of pipeline of August - September.

* ASK Investment Manager 1500 cr.
* AGS Transact Technologies 800 cr.
* Mazagon Dock Shipbuilder 600 cr.
* Sterling & Wilson Solar
* Harsha Eng.

Keep your Funds ready



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