Harsha Engineers IPO

The public offering of Ahmedabad-based Harsha Engineers International has been subscribed 2.87 times on the first day.The company plans to raise ₹755 ...

“Harsha Engineers International with its dominant position is well placed to capture the growing bearing cage demand across industries. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. The IPO received good demand from non-institutional and retail investors. Advertisement

The public issue will conclude on Friday. Harsha Engineering International is a major manufacturer of precision bearing cages, in terms of revenue, in the ...

The company’s strategically located domestic and international production facilities and warehouses and expertise in tooling, design development and automation with a consistent track record of growth and financial performance are looking strong to us. Considering its strong financials and market share, the China-plus-one strategy by major economies and the growing outsourcing trend of bearing manufacturers, we assign a “Subscribe” rating on a medium to long-term basis. The company is a comprehensive solution provider offering a diversified suite of precision engineering products across geographies and end-user industries and has long-standing relationships with leading clientele.

Harsha Engineers International Limited (HEIL), one of India's largest precision bearing cages, wants to raise Rs 755 crore through an IPO.

As Rs 300 crore will be received by selling to shareholders, Harsha Engineers will use the balance Rs 455 crore and spend this on multiple things: The company supplies these bearing cages in over 25 countries, and operates under two segments: Harsha Engineers will raise Rs 755 crore from this IPO by multiple means.

Harsha Engineers IPO subscription Live: The initial public offering (IPO) of Harsha Engineers International Limited that opened for subscription on ...

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The IPO valuation at 32.5 times trailing PE is cheaper than peers (though not exactly comparable) like Rolex Rings (42.5 times), Sundaram Fasteners (40 ...

Its top five customers account for 70 per cent of its engineering business revenue. While the FY22 growth looks high, it cannot be extrapolated as it comes with some benefits of base effect. However, with the company’s international exposure tilted majorly towards Europe in engineering business space, the possibility of facing speed bumps over the next few quarters cannot be ignored. HEIL is the largest manufacturer of precision bearing cages in organised sector in terms of revenue. The peers are over valued and hence being relatively cheap does not offer sufficient downside protection as global environment gets more uncertain. As per the information in its RHP, it has market share of 50-60 per cent, and is also the leading manufacturer of precision bearing cages, globally. Overall, its engineering business operations are run out of manufacturing facilities - two in India, and one each in China and Romania. The offer for sale is by the promoters/promoter group and their stake will reduce to 74.61 per cent post the issue. It also has a smaller stamping business – process of manufacturing converting flat metal sheets into specific shapes and sizes. However, with the company’s flagship engineering business deriving 40 per cent of its revenue from Europe, it may have to weather through near-term macroeconomic headwinds prevailing there. The stock can be considered for investing later depeding on the prevailing valuation and trends. Read on to know if the business is attactive enough.

Harsha Engineers International IPO: नॉन-इंस्टीट्यूशनल इनवेस्टर्स के लिए रिजर्व हिस्से में 5.83 गुना ...

डेली मार्केट अपडेट के लिए [Moneycontrol App](https://www.moneycontrol.com/apps) डाउनलोड करें। Harsha Engineers IPO: हर्षा इंजीनियर्स इंटरेशनल का इश्यू पहले दिन के अंत तक 2.87 गुना सब्सक्राइब हुआ है। कंपनी का इश्यू 14 सितंबर को खुला और 16 सितंबर को बंद होगा। कंपनी के 1.68 करोड़ शेयरों के बदले 4.84 करोड़ शेयरों के लिए बोली लगी है। नॉन-इंस्टीट्यूशनल इनवेस्टर्स के लिए रिजर्व हिस्से में 5.83 गुना बोली लगी है। वहीं क्वालीफाइड इंस्टीट्यूशनल बायर्स ने पहले दिन के अंत तक 2.74 लाख शेयरों के लिए बोली लगाई है। जबकि उनके लिए 47.92 लाख शेयर रिजर्व हैं। प्रीसिजन बेयरिंग्स केज बनाने वाली Harsha Engineers अपने IPO से 755 करोड़ रुपए जुटा रही है। इसमें 455 करोड़ रुपए के फ्रेश इश्यू और 300 करोड़ रुपए के शेयर ऑफर फॉर सेल में बेचे जाएंगे। रिटेल इनवेस्टर्स के लिए रिजर्व हिस्सा 3.22 गुना सब्सक्राइब हुआ था। जबकि एंप्लॉयीज के लिए रिजर्व हिस्से में 2.33 गुना बोली लगी है। कंपनी के कर्मचारियों के लिए 2.5 करोड़ शेयर रिजर्व हैं। कर्मचारियों को यह इश्यू फाइनल प्राइस से 31 रुपए कम दाम पर मिलेंगे। Harsha Engineers के IPO का इश्यू साइज पहले 2.3 करोड़ था। लेकिन बाद में ऑफर साइज घटाकर 1.68 करोड़ शेयर कर दिया गया। इश्यू खुलने से एक दिन पहले कंपनी ने एंकर इनवेस्टर्स से 225.74 करोड़ रुपए जुटाए थे।

Harsha Engineers IPO: NSE के आंकड़ों के अनुसार आज पहले दिन इस आईपीओ को 1,68,63795 शेयरों के मुकाबले 3,24 ...

कंपनी की ओर से जारी बयान के मुताबिक, आईपीओ के जरिए जुटाए गए पैसों में से कंपनी 270 करोड़ रुपए से कर्ज का भुगतान करेगी. 1986 में राजेंद्र शाह और हरीश रंगवाला ने हर्ष इंजीनियर्स इंटरनेशनल कंपनी की स्थापना की थी. कंपनी इन पब्लिक इश्यू का आधा हिस्सा यानी 50 फीसदी हिस्सा क्वालिफाइड इंस्टीट्यूशनल इन्वेस्टर्स (QIBs) के लिए रिजर्व में रखेगी. रिटेल इंडिविजुअल इन्वेस्टर्स की कैटेगरी को 2.28 गुना सब्सक्रिप्शन मिला, जबकि नॉन-इंस्टीट्यूशनल इन्वेस्टर्स का कोटा 3.60 गुना सब्सक्राइब हुआ है. ग्रे मार्केट मिल रहे हैं मजबूत संकेत, आज से निवेश का मौका](https://www.financialexpress.com/hindi/business-news/harsha-engineers-rs755-crore-ipo-open-today-on-14-september-2022-grey-market-premium-high-check-price-band-lot-size-should-you-invest/2666079/?utm_source=fe&utm_medium=article1&utm_campaign=relatedstories) [Nifty इस दिवाली तोड़ेगा 19000 का लेवल! NSE के आंकड़ों के अनुसार आज पहले दिन इस आईपीओ को 1,68,63,795 शेयरों के मुकाबले 3,24,61,830 शेयरों के लिए बोलियां मिलीं.

बता दें कि नेशनल स्टॉक एक्सचेंज (एनएसई) पर उपलब्ध आंकड़ों के अनुसार, आईपीओ के लिए 1,68,63795 ...

The initial public offering (IPO) of the Ahmedabad-based manufacturer is all set to raise ₹755 crore through this IPO.The company's profit grew by over ...

₹21 crore ₹899 crore ₹45 crore ₹876 crore ₹91 crore ₹1,339 crore

The institutional investor portion was subscribed 0.06 times, the high net worth individual (HNI) portion by 5.8 times.

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Your support through more subscriptions can help us practise the journalism to which we are committed. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. The company is a manufacturer of precision bearing cages, welded assemblies and brass castings.

As per market observers, Harsha Engineers shares are available at a premium (GMP) of ₹203 in the grey market today. The company's shares are expected to list ...

Harsha Engineers IPO got fully subscribed on the first day of subscription. Should you subscribe on day 2?

[IPO](https://www.news18.com/topics/ipo/) Subscription Day 2: Harsha Engineers IPO got fully subscribed on the first day of subscription. The industry average PE multiple is of 50.98X of FY22 revenue. As a part of the OFS, Harish Rangwala (up to Rs 75 crore), Rajendra Shah (up to Rs 66.75 crore), Pilak Shah (up to Rs 16.5 crore), Charusheela Rangwala (up to Rs 75 crore) and Nirmala Shah (up to Rs 66.75 crore) will offload shares, according to the information provided in the red herring prospectus (RHP). “In terms of valuations, the post-issue P/E works out to 32.7x FY22 EPS (at the upper end of the issue price band). HEIL has diverse product portfolio and strong expertise; we believe that these positives are yet to be factored in the valuations commanded by the company. Harsha Engineers IPO consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer-for-sale (OFS) of up to Rs 300 crore by existing shareholders.

Harsha Engineers' IPO is worth ₹755 crore and it comprises fresh issue of equity shares aggregating to ₹455 crore. It has an offer-for-sale of up to ₹300 ...

It has an offer-for-sale of up to ₹300 crore. Harsha Engineers' IPO is worth ₹755 crore and it comprises fresh issue of equity shares aggregating to ₹455 crore. The market observes say the company's shares are available at a premium of ₹203 at the grey market.

The public issue of Harsha Engineers International, the largest manufacturer of precision bearing cages in organised sector in India, has seen a healthy ...

Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The wide application of bearings growing in different sectors coupled with substantial government initiatives to promote the manufacturing sector is a robust driver for the company. We recommend subscribing to the issue from a long term perspective," said ACMIIL. Global bearings market is expected to grow at a CAGR of 6.4 percent, set to reach $171.7 billion by FY29. The offer-for-sale part is Rs 300 crore which will go to selling promoters. Investors have bought 11.7 crore equity shares against an offer size of 1.68 crores, helping the offer subscribe 6.94 times on September 15, the second day of bidding.