Should you subscribe to Harsha Engineers IPO? Here's what analysts say

Harsha Engineers IPO: Its exports make up nearly two-thirds of its revenue, and it supplies its products to customers in over 25 countries across North America, Europe, Asia, South America, and Africa

Harsha Engineers International’s (HEI) initial public offer will open for subscription on Wednesday, September 14, and close on September 16. The price band is fixed at Rs 314-330.

The company, which supplies bearing cages, plans to raise Rs 455 crore through a fresh issue of shares, and Rs 300 crore via an offer-for-sale.

HEI operates under two segments– engineering business wherein it makes bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamped components, brass castings, etc.

The other division is the solar EPC business, under which it provides comprehensive turnkey solutions to all solar photovoltaic requirements.