DID YOU APPLY FOR HARSHA ENGINEERS IPO??
QIB - 178.26 TIMES
NON-RETAIL- 71.32 TIMES
RETAIL - 17.61 TIMES
EMPLOYEES- 12 TIMES
GMP is currently at 70%, which indicates this is a great IPO for listing gain!!
If you are planning for long-term investment, then you need to understand their business model.
Following are the major point to understand their business overview:
🔴Industrial bearing is more than 60% & automotive is 40%
🔴Average utilization was between 60-65% last year.
🔴Difficult to go beyond 80% utilization.
🔴Revenue potential is 71,800 crore without additional capacity.
🔴Additional revenue potential from Capex is 160 crore.
🔴We are indirect suppliers to Tesla & Tata Motors in the EV segment.