• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
Harsha Engineers International Ltd
Registered Office:
NH-8A Sarkhej-Bavla Highway,Changodar,
Ahmedabad - 382213,
Gujarat, India.
Initial public offering of 22,886,595* equity shares of face value of (Rs) 10 each ("Equity Shares") of the company for cash at a price of (Rs) 330 per equity share (including a share premium of (Rs) 320 per equity share) ("Offer Price") aggregating up to (Rs) 755.00 crores (the "Offer") comprising a fresh issue of 13,795,695* equity shares aggregating up to (Rs) 455.00 crores by the company ("Fresh Issue") and an offer for sale of 9,090,900* equity shares aggregating up to (Rs) 300.00 crores comprising an offer for sale of 2,022,725* equity shares aggregating up to (Rs) 66.75 crores by Rajendra Shah, 2,272,725* equity shares aggregating up to (Rs) 75.00 crores by Harish Rangwala, 500,000* equity shares aggregating up to (Rs) 16.50 crores by Pilak Shah (together referred to as the "Promoter Selling Shareholders"), 2,272,725* equity shares aggregating up to (Rs) 75.00 crores by Charusheela Rangwala and 2,022,725* equity shares aggregating up to (Rs) 66.75 crores by Nirmala Shah (together referred to as the "Promoter Group Selling Shareholders", and collectively with the promoter selling shareholders referred to as the "Selling Shareholders", and each individually, as a "Selling Shareholder" and such offer for sale of equity shares by the selling shareholders, the "Offer for Sale"). The offer will constitute 25.14%* of its post-offer paid-up equity share capital. The offer includes a reservation of 83,610* equity shares, aggregating up to (Rs) 2.50 crores, for subscription by eligible employees (as defined herein) not exceeding 5% of its post-offer paid-up equity share capital ("Employee Reservation "Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Nt "Offer". The company and the promoter selling shareholders, in consultation with the book running lead managers, offered a discount of 9.39 % of the offer price (equivalent of (Rs) 31 per equity share) to eligible employees bidding in the employee reservation portion ("Employee Discount"). The offer and the net offer constitutes 25.14*% and 25.05*%, respectively, of the post-offer paid-up equity share capital of the company. *Subject to finalization of basis of allotment Anchor Investor offer price: (Rs) 330 per equity share Offer Price (Rs) 330 per equity share of face value of (Rs) 10 each. The offer price is 33.00 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
14-Sep-22
16-Sep-22
330.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 45     Further Multiples of : 45
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
429.40
Axis Capital Ltd
Project Financed
755.00
 
Post Issue
91.04
 
Issue Price
330.00
 
Projects
Pre-payment or scheduled repayment of a portion of the existing borrowings availed by the company
Funding capital expenditure requirements towards purchase of machinery
Infrastructure repairs and renovation of the company existing production facilities including office premises in india
General corporate purposes
Promoted By
Rajendra Shah
Harish Rangwala
Vishal Rangwala
Listing At
BSE
NSE
Registrar to the Issue
No Data Available!!!
DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries | Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 01, 2020. | Update your email id and mobile number with your stock broker / depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. | Check your securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month........... Issued in the interest of Investors"