Harsha Engineers IPO: from date to share price; here's you need to know everything

In it's second attempt to go public, Ahmedabad-based Harsha Engineers is set to open on September 14. Here is everything you need to know about the IPO :

About the Issue
Dates: Sep 14-16
IPO Price: ₹314-330
Minimum Lot: 45 equity share
Grey Market Premium* (as per reports): ₹ 140-150

The company plans to raise Rs 755 crore through this IPO.

Harsha Engineering has reserved 50 per cent of the offer for qualified institutional buyers (QIB), 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. The offer also includes a reservation for subscription by eligible employees.

The company’s business comprises two segments – engineering business and solar EPC business. Harsha Engineering was founded by Rajendra Shah and Harish Rangwala in 1986, and is the largest manufacturer of precision bearing cages, in terms of revenue in organised sector in India.

The company is a part of the Harsha Group. It supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa.