Harsha Engineers IPO Listing Estimate @ Chanakyanipothi.com
|Harsha Engineers Listing Details|
|Monday, September 26, 2022|
|BSE Script Code||543600|
|Listing In||B Group of Securities|
|IPO Price||Rs 330 per share|
|Face Value||Rs 10 per share|
|at 5.00 pm||Subscribed||Interest Cost @ 7 % p.a.|
|NII 10L+||74.78||Rs.48 per share|
|Retail 2L+||64.41||Rs. 40.70 per share|
|Harsha Engineers Grey Market News|
|Updated on 26 September 2022 @ Morning|
|Rates for Allotted Applications||Rs. 7000|
|GMP High Rs.|
|GMP Low Rs.|
|Harsha Engineers IPO Peer Comparison|
Estimate of Listing Price & Guidance
Harsha Engineers is 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. . It offers diversified suite of precision engineering products across geographies and end-user industries. t has approximately 50% of the market share 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 in CY 2020. It offers a wide range of bearing cages starting from 20 mm to 2,000 mm in diameter and its bearing cages find its application in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors etc.
The strong growth of bearing industry as a whole give strong & cumulative impetus to the profitability of this company. The IPO received tremendous response from all the category of investors and the grey market also commanded strong fancy.
On Monday, the 26th of September 2022, at the time of Listing, the stock market as a whole is expected to be weak, and considering all these aspects, we expect the listing to be in the range of Rs. 485/500 and during the day, the scrip is expected to touch Rs. 550/560. However, we believe the company has strong future and the scrip can be retained as a long-term investment, and it may give strong returns in the next 6 to 9 months.