Harsha Engineers is set to launch its IPO worth Rs.755 Crores in the primary markets from 14 September to 16 September.
⏩Strength
✔️Diversified product portfolio with presence in 25 countries
✔️ Long standing relationships with leading key global bearing manufacturers
✔️ Strategically located domestic and international production facilities and warehouses
✔️ Expertise in tooling, design development and automation
✔️ Consistent track record of growth and financial performance.
⏪Risks
🔴Derives nearly 71% of revenue from Top 5 customer groups as on FY22
🔴Unsecured loan of Rs 73.5 crs ,19% of the total borrowings
🔴Outstanding litigations involving Company & Directors
🔴Volatility in Foreign exchange rates
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Posted On: 13 Sep 2022 3:00 PM
