
Industrial Manufacturing · NSE / BSE
Incorporated in 2010, Harsha Engineers International Limited, part of the Harsha Group, is India’s largest organised-sector manufacturer of precision bearing cages by revenue, supplying to customers across 25+ countries spanning North America, Europe, Asia, South America, and Africa. The company operates through two segments: Engineering, which includes the manufacturing of precision bearing cages in brass, steel, and polyamide, as well as specialised stamped components, welded assemblies, brass castings, and bronze bushings; and Solar EPC, where it offers turnkey solar photovoltaic solutions along with operations and maintenance services. As of September 30, 2021, Harsha Engineers has produced over 7,205 bearing cages and 295+ other products for diverse industries such as automotive, railways, aerospace, mining, agriculture, and electronics, with its innovation centre developing 1,200+ new products in the last three years. The company operates five engineering manufacturing facilities—three in Gujarat (Changodar and Moraiya) and two international units in China and Romania—and has wholly owned subsidiaries in China, the USA, and the Netherlands, along with a step-down subsidiary in Romania.
Price Band
₹314 – ₹330
Issue Size
₹755 Cr
Lot Size
45 shares
GMP
+39.7%
Est. Listing
₹461
at current GMP
Subscribed
74.70x
overall
Open
14 Sep 2022
Close
16 Sep 2022
Allotment
22 Sep 2022
Refund
23 Sep 2022
Demat Credit
24 Sep 2022
Listing
26 Sep 2022
Last updated: 19 Oct 2026
Current Premium
Issue Price (Upper)
₹330
Band: ₹314 – ₹330
Estimated Listing Price
₹461
Upper price + GMP
Lot Size
45 shares
Min investment ₹14,850
Estimated Profit / Lot
₹5,895
45 × ₹131
Grey Market Premium trend
+₹131
▲ 0 today
Updated less than a minute ago
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | +₹131 | 39.7% | ₹461 |
| 30 Oct 2026 | +₹131 | 39.7% | ₹461 |
| 29 Oct 2026 | +₹118 | 35.7% | ₹448 |
GMP is unofficial market data. Not a guarantee of listing performance.
Harsha Engineers International Limited is bringing an initial public offering (IPO) in the Industrial Manufacturing sector with an aggregate issue size of ₹755 Crores. The shares are offered at a price band of ₹314 to ₹330 per equity share on NSE and BSE. Currently, investors are tracking the grey market premium (GMP) and institutional subscription multiples closely across BSE and NSE portals.
The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.
Following the close of bidding on 2022-09-16, the basis of allotment is scheduled to be finalized on 2022-09-22. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Link Intime India Private Limited) or the BSE allotment checking window.
The latest grey market premium for Harsha Engineers International Limited IPO is ₹131, which indicates an expected listing price of ₹461.
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.