Harsha Engineers International, a manufacturer of precision bearing cages, has filed a preliminary prospectus with markets regulator Sebi to raise Rs 755 crore through an initial public offering (IPO).
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The public issue consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer for sale (OFS) of up to Rs 300 crore by existing shareholders, according to the draft red herring prospectus (DRHP).
The OFS comprises up to Rs 66.75 crore by Rajendra Shah, up to Rs 75 crore by Harish Rangwala, up to Rs 16.50 crore by Pilak Shah, 75 crore by Charusheela Rangwala and up to Rs 66.75 crore by Nirmala Shah.
