247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Harsha Engineers International Limited IPO (Harsha Engineers International IPO) Details

Harsha Engineers International Limited is an Engineering based company, located in Ahmedabad, Harsha Engineers International Limited IPO size was 755.00 Cr. and was issued at 330.00 per share. The share of Harsha Engineers International Limited were listed at 485.90 per share and are currently trading at 426.20 per share.

Type :
Sub Sector : Manufacturer Of Precision Bearing Cages
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
1339.00 Cr.

PAT :
91.94 Cr.

Pricing Report

Issue Price :
330.00

Listing Price :
485.90

Current Market Price :
426.20

Issue Price vs CMP :
96.2 (29.15%)

listing Price vs CMP :
59.7 (12.29%)

Performance Report (CAGR* wise)

CAGR : 11.64
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Harsha Engineers International

Company Information
Harsha Engineers International Limited is the largest manufacturer of precision bearing cages in India in terms of revenue within the organized sector and ranks among the leading global manufacturers of precision bearing cages. It operates across two main business segments: engineering and solar EPC (Engineering, Procurement, and Construction).
The engineering segment manufactures a wide range of products, including bearing cages (in brass, steel, and polyamide materials), specialized precision stamped components, welded assemblies, brass castings, and bronze bushings. The solar EPC segment provides comprehensive turnkey solutions for solar photovoltaic requirements.
The company holds a dominant position in the Indian market with approximately 50% market share in the organized bearing cages segment. Additionally, it has 5.2% of the global market share in organized bearing cages for brass, steel, and
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Object of Issue
  • Pre-payment or scheduled repayment of a portion of the existing borrowing availed by their Company
  • Funding capital expenditure requirements towards purchase of machinery
  • Infrastructure repairs and renovation of their existing production facilities including office premises in India
  • General Corporate Purposes

Harsha Engineers International MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Sep, 2022
IPO Size :
755.00 Cr.
Market Cap :
3004.20 Cr.   
IPO Subscription :
74.70 X     
PE Multiple :
32.67
Merchant Banker :
Axis Capital Limited
IPO Registrar:
Link Intime India Private Limited

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Peer Companies Of This Sector

FAQs

Harsha Engineers International operates in Engineering and Manufacturer Of Precision Bearing Cages. The Issue is listed on MainBoard in Sep, 2022. Harsha Engineers International IPO size was 755.00 Cr. with Issue price of 330.00 .

Merchant Banker(s) of Harsha Engineers International IPO: Axis Capital Limited , Equirus Capital Private Limited , Jm Financial Limited

Harsha Engineers International IPO subscription was 74.70 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Harsha Engineers International IPO listed at a listing price of 485.90 against the offer price of 330.00.

The current market price of Harsha Engineers International is 426.20.

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