Harsha engineering grey market premium

Harsha Engineers Gray Market Premium & Kostak Rate Today About the company: Harsha Engineers International Limited is the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations and amongst the leading manufacturers of precision bearing cages in the world with a market share of approximately 5% to 6% in the organized segment of the global brass, steel, polyamide bearing cages in terms of revenue. Harsha Engineers IPO GMP Today? Harsha Engineers IPO GMP Is Rs 225/- Harsha Engineers Gray Market Premium Today? Rs 225/- Today. What is Harsha Engineers IPO Expected Returns? Harsha Engineers International IPO Expected Returns is 70%. What is Harsha Engineers IPO Subject to Sauda Today? Harsha Engineers International IPO Subject to Sauda is ₹5000 as of today. Subscription Status As of 16 september 2022, Friday 5:00 PM Category QIB NII RII Employees Subscription 178.26 Times 71.31 Times 17.53 Times 11.97 Times Overall 74.65 times The Harsh Engineers International Limited IPO will be open on 14th September 2022 and close date is 16 September 2022 if you look subscription status this ipo is subscribe 74.65 times in over all category good response on this ipo by investors. also this ipo sine good returns on listing day. Over subscribe of all category so expected good return on this ipo. Harsha Engineers International Limited IPO Details Issue Amount Upto Rs 755 Crores Details Of offer To The Public Fresh Issue Size 300 Cr. Offe...

Amid the sell-off on Dalal Street, the grey market premium of The public issue of Harsha Engineers garnered a strong response and was subscribed 74.7 times on the final bidding day. The issue received bids for 125.97 crore shares against the 1.69 shares on offer, according to the stock exchanges data. This is the strongest response to an IPO from investors so far in 2022. The qualified institutional buyer portion was subscribed 178.26 times, while the portion reserved for non-institutional investors witnessed a subscription of 71.32 times. The retail investors' portion was subscribed 17.63 times. The Rs 755-crore IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece. The proceeds from the issue will be put towards payment of debt worth Rs 270 crore, payment of machinery costing Rs 77.95 crore, infra repairs worth more than Rs 7 crore, and renovation of the existing facilities, along with general corporate purposes. Abhay Doshi, Co-founder, of Unlisted Arena is of the view that “Strong revenue growth, profitability and reasonable pricing of Harsha Engineers has been able to captivate the interest of investors which led to overwhelming subscription, indicating a stellar listing on cards. The Harsha Engineers IPO may list above Rs 500 mark if the market remains in a balanced stat...

Incorporated in 2010, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue in organised sector in India. The company is a part of the Harsha Group. The company supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa. The business comprises of two segments: 1. Engineering business, under which the company manufactures bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings. 2. Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector. As of September 30, 2021, Harsha Engineers International have been able to manufacture more than 7,205 bearing cages and more than 295 other products for customers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics and renewables sectors. In addition, over the past three years company's product development and innovation centre has developed more than 1,200 products in different bearing types. The company has five manufacturing facilities for engineering business with two manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, India and one manufacturi...

The initial public offering (IPO) of Harsha Engineers International Ltd, will open for bidding on 14 September. The precision bearing cages manufacturer has set a price band of Rs 314-330 per share for its maiden public issue which will remain open for subscription till Friday, 16 September. The company plans to raise Rs 755 crore through this IPO. The anchor book will open on Tuesday, 13 September. Axis Capital, Equirus Capital and JM Financial are the lead managers to the issue. The shares of the company were trading in the grey market at a premium of Rs 140-150 a share, according to experts. The IPO consists of a fresh issue of Rs 455 crore and an offer for sale (OFS) of up to Rs 300 crore by shareholders and promoters. As part of the OFS, Rajendra Shah is looking to offload shares worth up to Rs 66.75 crore, Harish Rangwala up to Rs 75 crore, Pilak Shah up to Rs 16.50 crore, Charusheela Rangwala up to Rs 75 crore and Nirmala Shah up to Rs 66.75 crore. Investors can make a bid for a minimum of 45 equity shares and in multiples thereafter. The company is offering a discount of Rs 31 per equity share to its eligible employees. Up to 50 per cent of the total offer is reserved for qualified institutional buyers, and 15 per cent for non-institutional investors. The remaining 35 per cent stake is allocated to the retail investors. The IPO shares are likely to be credited to successful allottees’ demat accounts on September 23 and the company is expected to make its market deb...

Harsha Engineers Gray Market Premium & Kostak Rate Today About the company: Harsha Engineers International Limited is the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations and amongst the leading manufacturers of precision bearing cages in the world with a market share of approximately 5% to 6% in the organized segment of the global brass, steel, polyamide bearing cages in terms of revenue. Harsha Engineers IPO GMP Today? Harsha Engineers IPO GMP Is Rs 225/- Harsha Engineers Gray Market Premium Today? Rs 225/- Today. What is Harsha Engineers IPO Expected Returns? Harsha Engineers International IPO Expected Returns is 70%. What is Harsha Engineers IPO Subject to Sauda Today? Harsha Engineers International IPO Subject to Sauda is ₹5000 as of today. Subscription Status As of 16 september 2022, Friday 5:00 PM Category QIB NII RII Employees Subscription 178.26 Times 71.31 Times 17.53 Times 11.97 Times Overall 74.65 times The Harsh Engineers International Limited IPO will be open on 14th September 2022 and close date is 16 September 2022 if you look subscription status this ipo is subscribe 74.65 times in over all category good response on this ipo by investors. also this ipo sine good returns on listing day. Over subscribe of all category so expected good return on this ipo. Harsha Engineers International Limited IPO Details Issue Amount Upto Rs 755 Crores Details Of offer To The Public Fresh Issue Size 300 Cr. Offe...

Amid the sell-off on Dalal Street, the grey market premium of The public issue of Harsha Engineers garnered a strong response and was subscribed 74.7 times on the final bidding day. The issue received bids for 125.97 crore shares against the 1.69 shares on offer, according to the stock exchanges data. This is the strongest response to an IPO from investors so far in 2022. The qualified institutional buyer portion was subscribed 178.26 times, while the portion reserved for non-institutional investors witnessed a subscription of 71.32 times. The retail investors' portion was subscribed 17.63 times. The Rs 755-crore IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece. The proceeds from the issue will be put towards payment of debt worth Rs 270 crore, payment of machinery costing Rs 77.95 crore, infra repairs worth more than Rs 7 crore, and renovation of the existing facilities, along with general corporate purposes. Abhay Doshi, Co-founder, of Unlisted Arena is of the view that “Strong revenue growth, profitability and reasonable pricing of Harsha Engineers has been able to captivate the interest of investors which led to overwhelming subscription, indicating a stellar listing on cards. The Harsha Engineers IPO may list above Rs 500 mark if the market remains in a balanced stat...

The initial public offering (IPO) of Harsha Engineers International Ltd, will open for bidding on 14 September. The precision bearing cages manufacturer has set a price band of Rs 314-330 per share for its maiden public issue which will remain open for subscription till Friday, 16 September. The company plans to raise Rs 755 crore through this IPO. The anchor book will open on Tuesday, 13 September. Axis Capital, Equirus Capital and JM Financial are the lead managers to the issue. The shares of the company were trading in the grey market at a premium of Rs 140-150 a share, according to experts. The IPO consists of a fresh issue of Rs 455 crore and an offer for sale (OFS) of up to Rs 300 crore by shareholders and promoters. As part of the OFS, Rajendra Shah is looking to offload shares worth up to Rs 66.75 crore, Harish Rangwala up to Rs 75 crore, Pilak Shah up to Rs 16.50 crore, Charusheela Rangwala up to Rs 75 crore and Nirmala Shah up to Rs 66.75 crore. Investors can make a bid for a minimum of 45 equity shares and in multiples thereafter. The company is offering a discount of Rs 31 per equity share to its eligible employees. Up to 50 per cent of the total offer is reserved for qualified institutional buyers, and 15 per cent for non-institutional investors. The remaining 35 per cent stake is allocated to the retail investors. The IPO shares are likely to be credited to successful allottees’ demat accounts on September 23 and the company is expected to make its market deb...

Incorporated in 2010, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue in organised sector in India. The company is a part of the Harsha Group. The company supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa. The business comprises of two segments: 1. Engineering business, under which the company manufactures bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings. 2. Solar EPC business, under which the company provide complete comprehensive turnkey solutions to all solar photovoltaic requirements and provides operations and maintenance services in the solar sector. As of September 30, 2021, Harsha Engineers International have been able to manufacture more than 7,205 bearing cages and more than 295 other products for customers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics and renewables sectors. In addition, over the past three years company's product development and innovation centre has developed more than 1,200 products in different bearing types. The company has five manufacturing facilities for engineering business with two manufacturing facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, India and one manufacturi...

Amid the sell-off on Dalal Street, the grey market premium of The public issue of Harsha Engineers garnered a strong response and was subscribed 74.7 times on the final bidding day. The issue received bids for 125.97 crore shares against the 1.69 shares on offer, according to the stock exchanges data. This is the strongest response to an IPO from investors so far in 2022. The qualified institutional buyer portion was subscribed 178.26 times, while the portion reserved for non-institutional investors witnessed a subscription of 71.32 times. The retail investors' portion was subscribed 17.63 times. The Rs 755-crore IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece. The proceeds from the issue will be put towards payment of debt worth Rs 270 crore, payment of machinery costing Rs 77.95 crore, infra repairs worth more than Rs 7 crore, and renovation of the existing facilities, along with general corporate purposes. Abhay Doshi, Co-founder, of Unlisted Arena is of the view that “Strong revenue growth, profitability and reasonable pricing of Harsha Engineers has been able to captivate the interest of investors which led to overwhelming subscription, indicating a stellar listing on cards. The Harsha Engineers IPO may list above Rs 500 mark if the market remains in a balanced stat...

Harsha Engineers Gray Market Premium & Kostak Rate Today About the company: Harsha Engineers International Limited is the largest manufacturer of precision bearing cages in organized sector in India in terms of capacity and operations and amongst the leading manufacturers of precision bearing cages in the world with a market share of approximately 5% to 6% in the organized segment of the global brass, steel, polyamide bearing cages in terms of revenue. Harsha Engineers IPO GMP Today? Harsha Engineers IPO GMP Is Rs 225/- Harsha Engineers Gray Market Premium Today? Rs 225/- Today. What is Harsha Engineers IPO Expected Returns? Harsha Engineers International IPO Expected Returns is 70%. What is Harsha Engineers IPO Subject to Sauda Today? Harsha Engineers International IPO Subject to Sauda is ₹5000 as of today. Subscription Status As of 16 september 2022, Friday 5:00 PM Category QIB NII RII Employees Subscription 178.26 Times 71.31 Times 17.53 Times 11.97 Times Overall 74.65 times The Harsh Engineers International Limited IPO will be open on 14th September 2022 and close date is 16 September 2022 if you look subscription status this ipo is subscribe 74.65 times in over all category good response on this ipo by investors. also this ipo sine good returns on listing day. Over subscribe of all category so expected good return on this ipo. Harsha Engineers International Limited IPO Details Issue Amount Upto Rs 755 Crores Details Of offer To The Public Fresh Issue Size 300 Cr. Offe...