Harsha Engineers IPO

Harsha Engineers International's initial public offering (IPO)

 will open for public subscription on  September 14, 2022 to September 17, 2022

Price band has been fixed at ₹314-330 per share for its ₹755-crore initial share sale.

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Harsha Engineers shares GMP is ₹212 in the grey market

Based in Ahmedabad, Harsha Engineers International Limited is a precision engineering company manufacturing bearing cages and stamped components. 

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It has five manufacturing facilities in Changodar, Moraiya, Changshu, China and Ghimbav Brasov in Romania.

The company's manufacturing facilities are positioned strategically, allowing them to serve the international markets effectively and economically

Promoted by Rajendra Shah and Harish Rangwala in the year 1986, so the company has a 35 year pedigree. 

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The promoters hold 99.7 percent of the equity and there has been literally not dilution till date.

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