Harsha Engineers International Ltd. IPO

The company is amomg the largest manufacturer of precision bearing cages, in terms of revenue, in organsied sector in India, and amongst the leading manufacturers of precision bearing cages in the world.

RHP
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DRHP
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Open Date

2022-09-14

Close Date

2022-09-16

Harsha Engineers International Ltd. IPO Details

Check out the issue details for Harsha Engineers International Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 330

Price Band

₹ 314 - 330

Issue Size

755 Cr.

Issue Type

Book Built

Open

2022-09-14

Close

2022-09-16

Listingprice

₹ 450

ListingGain

36.36%

Listing Date

2022-09-26

CMP

₹ 500.85

Current Return

51.77%

Harsha Engineers International Ltd. News

Harsha Engineers enters into agreement with leading multinational bearing company6 Dec, 9:49AM Harsha Engineers Int - Quaterly Results11 Nov, 1:12PM Harsha Engineers Int - Quaterly Results11 Nov, 1:12PM Harsha Engineers Int - Quaterly Results11 Nov, 1:12PM Harsha Engineers International informs about newspaper advertisements19 Aug, 4:05PM Harsha Engineers Int - Quaterly Results7 Aug, 1:14PM Harsha Engineers Int - Quaterly Results7 Aug, 1:14PM Harsha Engineers Int - Quaterly Results7 Aug, 1:14PM Harsha Engineers International informs about transcript of earning call20 May, 11:11AM Harsha Engineers Int - Quaterly Results16 May, 2:08PM Harsha Engineers Int - Quaterly Results16 May, 2:08PM Harsha Engineers Int - Quaterly Results16 May, 2:08PM Harsha Engineers International informs about conference call14 May, 10:22AM Harsha Engineers International informs about disclosure29 Apr, 3:19PM Harsha Engineers enters into Agreement with Umbra Group13 Apr, 12:35PM Harsha Engineers International informs about certificate4 Apr, 2:31PM Harsha Engineers International transfers equity investment of Sunstream Green Energy One16 Feb, 4:30PM Harsha Engineers Int - Quaterly Results8 Feb, 1:10PM Harsha Engineers Int - Quaterly Results8 Feb, 1:10PM Harsha Engineers Int - Quaterly Results8 Feb, 1:10PM

Company Financials

You can get the following financial statements of Harsha Engineers International Ltd. as of now.

Exchange

NSE: HARSHA BSE: 543600

  Profit Loss
  Balance Sheet
  Quarterly
  Shareholding
  Cash Flow

The details about the Harsha Engineers International IPO are as:

  • The issue size of the IPO is 755 Cr.
  • The price band for Harsha Engineers International IPO is Rs 314 to Rs 330.
  • The shares of Harsha Engineers International IPO will list on 26th September 2022.
  • The latest tentative GMP of Harsha Engineers International IPO is Rs 240.
  • The shares of Harsha Engineers International IPO is subscribed 74.70 Times.

 

Harsha Engineers International IPO Valuation

The approx valuation of Harsha Engineers International IPO company based on its price band and DRHP (prospectus) is: 

Particulars Value
Upper Price Band Rs 330
Existing Shares (Qty) 7.72 Cr
Fresh Issue 455 Cr
Market Cap 3002.6 Cr
EPS (FY22) Rs 16.06
PE Ratio 20.54x
Industry PE 50.98x

 

Harsha Engineers International IPO Issue Size

Harsha Engineers International IPO issue size is 755 Cr. 

Issue Amount
Fresh Issue 455 Cr
Offer For Sale 300 Cr

 

Harsha Engineers International IPO Market Lot

An Individual can apply for a minimum 1 lot of 45 shares and a maximum of 13 lots of 585 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 45 Rs 14,850
 Maximum 13 585 Rs 1,93,050

 

Harsha Engineers International IPO share offer

The shares of Harsha Engineers International IPO is subscribed 74.70 Times. The category-wise shares subscribed are as follows:

Category % Offered % Subscribed
Qualified Institutional Minimum 75% 178.26 Times
Non-Institutional Maximum 15% 71.32 Times
Retail Individual Maximum 10% 17.63 Times
Employees Maximum 5% 12.07 Times
Total   74.70 Times

 

Harsha Engineers International IPO Grey Market Premium

As on GMP (Tentative)
16 Sept 2022 Rs 235
17 Sept 2022 Rs 240
19 Sept 2022 Rs 240
20 Sept 2022 Rs 240
21 Sept 2022 Rs 240
22 Sept 2022 Rs 240

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Find below the dates for Harsha Engineers International IPO:

Schedule Date
Basis of Allotment 21 September 2022
Refunds 22 September 2022
Credit to Demat Account 23 September 2022
IPO Listing Date 26 September 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 600.53 582.04 956.45 1024.72 1080.94
Total Expenditure 543.72 494.34 790.93 852.33 913.61
Operating Profit 56.81 87.7 165.52 172.39 167.33
Other Income 23.49 7.54 18.21 35.13 33.5
Interest 30.34 26.55 21.12 11.91 6.33
Depreciation 20.13 17.28 19.62 23.31 26.85
Exceptional Items 0 0 0 0 0
Profit Before Tax 29.83 51.41 142.99 172.3 167.65
Provision for Tax 9.72 13.43 36.91 43.91 40.74
Net Profit 20.11 37.98 106.08 128.39 126.91
Adjusted EPS (Rs.) 0.4 0.76 1.37 1.41 1.39

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 50 50 77.25 91.04 91.04
Total Reserves 367.4 410.53 490.8 1032.64 1154.42
Borrowings 92.65 86.42 125.8 0 1.28
Other N/C liabilities 1.24 17.85 23.02 23.5 27.82
Current liabilities 384.58 317.63 344.65 207.57 254.14
Total Liabilities 895.87 882.43 1061.52 1354.75 1528.7
Assets
Net Block 179.01 181.33 204.25 238.86 250.58
Capital WIP 1.81 2.68 1.61 10.96 6.96
Intangible WIP 0 0 0 0 0
Investments 178.16 178.83 204.42 238.01 318.52
Loans & Advances 25.42 25.17 33.83 32.47 32.34
Other N/C Assets 1.51 1.42 1.31 1.21 1.11
Current Assets 509.96 493 616.1 833.24 919.19
Total Assets 895.87 882.43 1061.52 1354.75 1528.7
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Other Income 6.69 10.88 7.36 8.21 11.29
Profit Before Tax 38.77 39.91 50.08 51.75 44.04
Tax 9.18 9.94 12.49 13.19 11.27
Profit After Tax 29.59 29.97 37.59 38.56 32.77
Adjusted EPS (Rs) 3.25 3.29 4.13 4.24 3.6

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 74.61 0
Jun 2024 74.61 0
Mar 2024 74.61 0
Dec 2023 74.61 0
Sep 2023 74.61 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 29.83 51.41 142.99 172.3 167.65
Adjustment 48.14 41.32 38.66 19.96 6.92
Changes in Assets & Liabilities 19.41 11.01 -99.67 -36.02 -14.06
Tax Paid -13.33 -1.14 -31.1 -37.48 -36.35
Operating Cash Flow 84.05 102.6 50.88 118.76 124.16
Investing Cash Flow -37.76 0.18 -74.58 -306.13 -162.34
Financing Cash Flow -33.63 -94.62 14.36 222.91 -3.31
Net Cash Flow 12.66 8.16 -9.34 35.54 -41.49
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