Harsha Engineers Limited is a manufacturer of precision bearing cages. It offers a diversified suite of precision engineering products across geographies and end-user industries.

Harsha Engineers operates in two business verticals:

• Engineering business, under which it manufactures bearing cages, complex and specialized precision stamped components, welded assemblies and brass castings, and cages & bronze bushings.
• Solar EPC (Engineering Procurement and Construction) business, under which the company provides turnkey solutions to all solar photovoltaic requirements.

The company supplies its products to customers in over 25 countries covering five continents, North America, Europe, Asia, South America, and Africa. And as of CY 2020, the company approximately held a market share of 50% in the organized segment of the Indian bearing cages market and 5.2% of the market share in the global organized bearing cages market for brass, steel, and polyamide cages as per the CARE Advisory Report.

Through the public offer Harsha Engineers aims to raise up to Rs. 755 crores, the issue comprises a fresh issue of equity shares aggregating up to Rs. 455 crores and an offer for sale of equity shares worth Rs. 300 crores from existing shareholders.

Financial Snapshot

Financial Year Ended	Revenue (₹ Crores)	PAT (₹ Crores)	EPS (₹)
March 2019	117.91	-27.41	-13.7
March 2020	899.51	21.909	3.52
March 2021	876.73	45.439	5.88
September 2021	637.63	43.707	5.66

IPO Schedule

Issue Period	14th September to 16th September 2022
Finalization of Allotment	21st September 2022
Initiation of Refunds	22nd September 2022
Credit of Shares	23rd September 2022
Date of Listing	26th September 2022
Mandate end date	2nd October 2022
Anchor Investors Lock-In End Date	16th October 2022

How do I apply to the Harsha Engineers Limited IPO?

You can apply for the Harsha Engineers Limited IPO using any supported UPI app by following two steps:

• Enter your bid on Kite
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.

Where do I check the allotment status for Harsha Engineers Limited IPO?

You can check the allotment status for the Harsha Engineers Limited IPO on the website of the Registrar and Transfer agent.

Alternatively, you can also check the allotment status on the NSE website.