Harsha Engineers IPO to open Sep 14, price band Rs 314-330 a share

Fresh fund raise Rs 455 crore, secondary share sale Rs 300 crore; company eyeing Rs 3,000 crore valuation; firm makes brass, steel and polyamide cages and stamped components

Ahmedabad-based Harsha Engineers International’s IPO will remain open for subscription between September 14 and September 16. The company has set a price band of Rs 314-330 per share for the IPO. 

The issue consists of a fresh fund raise of Rs 455 crore and a secondary share sale of Rs 300 crore. 

The company is eyeing a valuation of Rs 3,000 crore in the IPO. 

Harsha Engineers is a manufacturer of brass, steel and polyamide cages and stamped components. It has production facilities in India, China and Romania.