IPO Synopsis

Harsha Engineers International Ltd

Registered Office: NH-8A Sarkhej-Bavla Highway,Changodar, Ahmedabad - 382213, Gujarat, India. Phone : 91-2717-618200   Fax: Email : sec@harshaengineers.com Website :www.harshaengineers.com

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 Opens On Closes On 14-Sep-22 16-Sep-22 Money Payable On Application Allotment 330.00 0.00 Minimum Application for shares in Nos : 45 Further Multiples of : 45 Cr Lead Managers to the Issue Project Cost (.Cr) 429.40 Axis Capital Ltd Project Financed through Current Offer (.Cr) 755.00   Post Issue Equity Share Capital (.Cr) 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