Harsha Engineers International Limited
ListedMainboardIndustrial 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
₹131
+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 12 days ago
Overall Subscription
74.70x
Total Demand
QIB Multiplier
178.26x
Institutions & Funds
NII / HNI
71.32x
High Net-Worth
Retail (RII)
17.63x
Individual Bidders
Category-Wise Subscription Breakup
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| QIB | 4,792,950 | 854,374,410 | 178.26x |
| NIB | 3,594,780 | 256,383,000 | 71.32x |
| HNIs(10L +) | 2,396,520 | 179,204,265 | 74.78x |
| HNIs (2-10L) | 1,198,260 | 77,178,735 | 64.41x |
| RETAIL | 8,387,730 | 147,866,985 | 17.63x |
| EMPLOYEES | 88,335 | 1,065,780 | 12.07x |
| Total | 20,458,575 | 1,516,073,175 | 74.70x |
Application-Wise Breakup
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 177,946 | 3,137,188 | 17.63x |
| HNIs (10L +) | 1,138 | 81,162 | 71.32x |
| HNIs (2-10L) | 5,447 | 388,480 | 71.32x |
| Total Applications | 184,531 | 3,606,830 | 19.55x |
Day-Wise Subscription Progress
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
About Harsha Engineers International Limited Public Issue & Market Profile
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.
Bidding & Quota Instructions:
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.
Allotment Reconciliation Schedule:
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.
Frequently Asked Questions
What is Harsha Engineers International Limited IPO GMP today?
The latest Grey Market Premium (GMP) for Harsha Engineers International Limited IPO is ₹131 per equity share. Based on the upper price band of ₹314 to ₹330 per equity share, the estimated listing price is ₹461 (+39.7% expected listing gain).
What is the expected profit per lot for Harsha Engineers International Limited IPO?
With a lot size of 45 shares and current GMP of ₹131, the expected profit per application lot is approx ₹5,895 (+39.7% gain). Minimum application cost is approx ₹14,850.
What is the issue size and price band for Harsha Engineers International Limited IPO?
The Harsha Engineers International Limited IPO aggregate issue size is ₹755 Crores with an equity price band set at ₹314 to ₹330 per equity share. The retail lot size is 45 shares requiring a minimum capital outlay of approx. ₹14,850.
How can I check Harsha Engineers International Limited IPO live subscription demand?
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 74.70x (Retail: 17.63x, QIB: 178.26x, NII: 71.32x). You can track live multiples directly on our dedicated subscription page.
Where and when will Harsha Engineers International Limited IPO allotment status be published?
The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2022-09-22. Investors can verify status using PAN card or application number.
When is the listing date for Harsha Engineers International Limited IPO?
Harsha Engineers International Limited shares are scheduled to list on NSE and BSE on 2022-09-26.