Harsha Engineers International Ltd IPO Message Board (Page 58)

Harsha Enginerring IPO
[ 15k app Koshtak - ₹425/= -500/=
Sub2 - ₹6000/= - ₹6500/= ]

[App Koshtak above 2 L App
(630 x 330 = 207900) ₹2600/= 2900/= ]

Koshtak above 10 L App.
(3060 x 330= 1009800) ₹13500/= - ₹14500/=
[ Note: Ek ek City Town States mein Rate ka Fark ho sakta hai ]
GM mein Har Ghante Rate 📤📩 Change hote rehta hai.
Before Selling & buying Consult with your financial advisor and do your own research

@pratham sir
Kis calculation se aap keh rhe ho ke BHNI ko 14 lots confirm milenge. Please elaborate.

Jagdish ji
BHNI bhi lottery main hee milega
Rule hai 200000 ke upar amount jo bhi pura lot pehle padta hai i.e 13/14/15 etc wohi lots allotment main milenge chahe Shni/Bhni
Harsha main 14 lot ho rhe hai isliye wohi lottery main Shni/Bhni ko milenge

Pls suggest i have 6 accounts
So should i go for 6 retails or 1 shni which one could have better chance of allotment

No, nothing to do with your address. You can apply with family member accounts, they are all considered separate.

Separate pan of each family member is unique application

Hi can anyone please explain how the allotment will be done for bhni. Let's say I exactly apply 10lkh worth application then how many lots will get alloted to me?

14 lots would be alloted
Even if you apply in Shni/Bhni

With revenue of approx 1340 cr , its having 6.5% of global "bearing cage" manufacturing market share which is leading and monopoly.
there are also some small mfgs but not a industry competitor on world level. NKC , japan is only a big compitter.
This company only mfg cages of bearing (not full bearing) and supply to bearing mfgs like SKF , Timken etc. growth would not be fast for this company.
Segment is unique , Fundamentals are good so listing gain seems very good.
Promoters are well experienced and Rajendra Shah also a chairman in listed co. AIA eng.

@pratham thanks brother

Also want to add one more imp. point regarding growth.
The growth of this sector in world would be at CAGR 6.4% for a decade ,
that's why I don't think it has good growth potential in future until something new demanding come in sector.

Going with 4 Shni here,
14,14,15,15...
Good luck to everyone.

@Monster Zero: Thank you, surely makes perfect sense. From bHNI Rules perspective just for my knowledge what is the minimum lot size allocated in case multiple times oversubscribed in both sHNI & bHNI - is the sHNI lot size 2L allocated to all lucky ones or bHNI will get minimum 10L+ equivalent allotment (minimum bHNI lot size) - just asking ito know the new rules better. Thanks in advance !

14 lots for max for hni,.

Due to official work i got a chance to Visit this company in 2017.
They are one of the very few players in cage manufacturing in bearings industry.
Being a part and process expert in Automobile industry i would say their process machines and manpower was impeccable.
Almost all bearing suppliers like SKF, FAG etc are their customers.
Met management during closing meeting as well…very promising and positive outlook owners.

@karanji got it, thanks for deep explanation brother 👍

Almost all auto mobile bearings are sourced from top bearing companies. They use cold rolled alloy strip pressed cases. These are produced in millions. Visited their Chang Zhou plant producing metal cages and brass cages. In Romania they produce only brass cages. Apart from supplying to Schaeffler, SKF & Timken, they also supply to bigger customers like Luoyang, Harbin, ZWG who are Chinese manufacturers of bearings too now bigger than MNCs. They have severe competition in global markets from Chinese cage manufactures who are ten times bigger. Harsha is growing on it's first mover advantage and well established firmly with its quality and long term relationships. Younger generation has taken over the management and now restructuring the entire business to make it more focused, agile and competitive. Cash flows are good. Apply for long term keep sake. I visited and know entire management in the course of my engagements and views are directly from experience and not from DHRP/RHP as I know their production figures, pricing , technical specs etc many are not part of them and to an extent confidential. Am applying. Definitely a share for long term keepsake and multi bagger as all bearings shares have been multi bagger for me with FAG (Schaeffler) @ 30X, SKF @ 5X in past 8 years. Timken will be about 30X in next 8 years or earlier..

As an old member here this is no way canvassing for this IPO .. just an extra information to make a wise decision on your own.... Happy investing!

First hand look - I am going for it.

What will be tentative subscription in Retail/SHNI/BHNI/ and in QIB ??

I agree with Ajit ji estimates

We have to divide the BHNI oversubscription figures by 5 & also adjust for some technical rejections to get approximate allotment ratios.
Correct....?

@ monstor zero
Plz advice what I do in TGV

Wait for RSI to come down....watch it.

Andhra sugar is a good bet.

@Monster Zero Sir and other Experts...
if you can guide on this scripts .. any stock from this for long term 5-6 years or any other from your list :) ?

Can we apply SHNI from third party ASBA

Only some of the banks are allowing this facility. I am applying third party ASBA (SHNI as well as Retail) through PNB Netbanking and SBI Yono lite app.

Thanks @antarix for reply.

Suggest which category more chance of allotment
Retail 13 lot or S-hni 14 lot
Suggest please 🙏

That depends upon over-subscription numbers for these categories. For example, in Syrma, retail category was oversubscribed by 5.5 times whereas SHNI category was over subscribed by 14.4 times. But in Dreamfolks and Tamilnad Bank, Retail was more oversubscribed.

It should also be kept in mind that if successful, you will get only 1 lot in retail category while in SHNI, you will get 14 lots.

Can a retail investor apply in SHNI category?

Is there any risk SHNI IPO APPLY other than profit loss?

@shah shree
Even in declining markets we have seen positive ipo listing, so right now apply this ipo as Gmp provides enough cushion

Total amt aval to invest is 2.2 lacs... Should I apply in 3 different retail or 1 single shni.. What is the best approach?

1 Shni
O/s retail 10 times so retail chances would be 3/10
Shni chances would be 1/30
Trying your luck in lottery so go for the jackpot i.e 14 lot allotment in Shni

Still if you can use 2 other ac use them in retail

Hello respected members

I have total 4 accounts.
Kindly advise which one is better option to apply.

1) 2 shni & 2 retail application
2) 1 shni & 3 retail application

First option
2 shni & 2 retail
As retail is expected to be app wise o/s 10 times
2/3 retail both are in lottery
So better try luck in 2 shni

Hi Guyz Please Help
I want To open minor account in Zerodha and become guardian of their account
and link my union bank account to all kids account which i will open in zerodha
then can i apply for shni through zerodha using only my Union Bank acoount
or please tell any other bank allows such facility
Thx

@Varun , Have you checked with Zerodha for opening Minor accounts?
As far as I know, Zerodha is not supporting minor a/c

In zerodha after ipo allotment sale process is not easy by minor account.

So open account with prostocks which provide facility to sale on listing date with minor account.

Mumbai
Ahmedabad

City Wise

Proud to be a Rajkotian. Very small city but contribute 1% of total turnover.

In terms of allotment chanves which will be good category to apply

Retail or SHNI or BHNI ??

Go with 14 lots in shni and apply from multiple accounts of different individuals.
U could apply 5 shni in amount of 1 bhni..it is tricky to get allotment in bhni and unnecessary capital would be blocked which you could efficiently use in SMEs and other IPOs.
Apply from friends and family accounts for increased chances.

Hello.

Retail - 35%
SHNI - 5%
BHNI - 10%

my experience for last 2 ipo's.
SYMRA - 7 SHNI app(7 Account) - 0 allotment
Dreamfolks - 7 SHNI app(7 Account) - 0 allotment

Hence this time planning to apply - 1 bhini & 8 retail (2 minor acct also availble)

just a curiosity ...

if someone apply for 14 lots at lower band price which is 314/-
so total value of the application would be 630*314= 197820/-

this will still be consider as HNI application or Retail?

or irrespective of the number of shares, value needs to be 2lacs + to be HNI category?

Such application would go to retail,...value must be 200001 and beyond for it to be considered in hni

What will be good category to apply here ?

Retail or SHNI ?

@ipowow… bhni will have about 15% probability of allotment of 14 lots (1:7)

@sdz sir please tell me how to calculate this 10% 4% and 15% chance of allotment in any ipo .. please elaborate the calculation.. it will be a great help..

Is there any benefit to apply lot in shni or bhni category in odd number or not so common numbers like 17 , 33 , 27 etc ?

There might be some benefit. for instance: i) if you have 6 bhni, ii) apply same number of odd lots in each account, iii) no one else does the same and iv) allotment ratio is 1:6 then you are guaranteed an allotment. this is sometimes better than randon allotments we all get in just over 10L applicaiton.

@common man
It means that though the oversubscribed ration is maintained for all the lots in a particular group (eg SHNI) but lottery is conducted separately for each lot in that group ( ie separately for the applicants of 14 lot, 15 lot, 16 lot etc). Also, as per BOA if in a particular lot there is only one applicant or for some reason oversubscribed ratio not achieved due to less number of application then 0 allotment in that lot.
Though all the successful applicants will get same number of shares in that group.
Is it true for retail also?
Please correct me if I have understood it wrongly.