Harsha Engineers International Limited has gone public with an offering of freshly issued equity shares as well as through an offer of sale of shares by its selling shareholders.
The Initial Public Offering included a fresh issue of equity shares worth ₹4,550 million and an offer for sale of ₹ 3,000 million by the selling shareholders. The offer was subscribed 74.70 times and the equity shares listed at a premium of 36% over the Offer Price.
Trilegal advised Harsh Engineers and their shareholders in this IPO.
The transaction team was led by Bhakta Patnaik (Partner), Brajendu Bhaskar (Partner) and assisted by Malika Grewal (Senior Associate), Bhargavi Mahajan (Senior Associate), Pooja Sharma (Senior Associate), Aman Bahl (Associate), Jahanvi Jain (Associate) and Arsh Sinha (Associate).
Incorporated in 2010, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue, in the organized sector in India. The company is a part of the Harsha Group and supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa.
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