Harsha engineers ipo gmp today

• • • • Harsha Engineers IPO: Offer fully subscribed within hours of opening; all you need to know Harsha Engineers IPO: Offer fully subscribed within hours of opening; all you need to know Harsha Engineers IPO Oversubscribed on Day 1. Check GMP and other details: The Rs 755 crore initial public offering (IPO) of Harsha Engineers International got fully subscribed within hours of opening on the first day. The IPO is available from September 14-16, 2022, and has a price band of Rs 314-330 per share. Harsha Engineers IPO Price, GMP, Review, Details: The initial public offering (IPO) of Harsha Engineers International, a manufacturer of precision bearing cages, opened for subscription on Wednesday, September 14, 2022, and was oversubscribed within a few hours on the first day of bidding. The issue opened for public subscription at 10 am and was subscribed 1.64 times as of 2:36 pm. It received total bids for 2,76,14,745 shares across both the stock exchanges against 1,68,63,795 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 755 crore Harsha Engineers Rs 314-330 per share. Harsha Engineers IPO 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. As a part of the OFS, Harish Rangwala (up to Rs 75 crore), Rajendra Shah (up to Rs 66.75 crore), Pilak Shah (up to Rs 16.5 crore), Charusheela Rangwala (up to Rs 75 crore) and Nirmala Shah (up to Rs 66.75 crore) will of...

The initial public offering (IPO) of Harsha Engineers International Ltd (HEIL) opened on Wednesday for subscription. The precision bearing cages manufacturer has set a price band of Rs 314-330 per share for the initial stake sale which will remain open for subscription till Friday, 16 September. Ahead of the IPO, the company raised Rs 225.7 crore through its anchor book. Harsha Engineers plans to raise Rs 755 crore through this IPO which 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. Harsha Engineers shares were commanding a grey market premium (GMP) of Rs 220 today, according to people who deal in unlisted stocks. Also Read: Mcap of 6 of top 10 most-valued firms fall by Rs 83,637.96 cr; TCS biggest laggard In addition, shares have been allocated to domestic funds Whiteoak Capital, Should you subscribe? “Harsha Engineers with its dominant position is well placed to capture the growing bearing cage demand across industries. We like its increasing focus on other specialized precision components and on the growing EV segment which could boost its EBITDA margins. It is valued at 32.7x FY22 P/E which is at par with its listed peers. Given growth recovery in auto/auto anc...

According to market analysts, the grey market premium, which indicates the premium commanded by shares in the unlisted market, fell sharply from subscription closing date to around Rs 15. The company has fixed a price band of Rs 133-140. At the upper end, the company's shares are expected to get listed at 10% premium. 20 Mar, 2023, 09:52 AM IST Global Surfaces, which is into processing natural stones and manufacturing engineered quartz, has collected Rs 46 crore from anchor investors and set a price band of Rs 133-140 per share. At the upper end of the price band, the company is expected to fetch Rs 155 crore from the IPO 15 Mar, 2023, 12:15 AM IST The company said the objects of the offer are to achieve the benefits of listing. Further, the listing will enhance its goodwill and provide liquidity to the existing shareholders. The company expects that the proposed listing will also provide a public market for the shares in India. 21 Feb, 2023, 01:36 PM IST Overall, 40 Indian corporates raised Rs 59,412 crore through main board IPOs in calendar year 2022, half of the Rs 1,18,723 crore (all-time high) mobilized by 63 IPOs in 2021, according to the database. According to Pranav Haldea, Managing Director, PRIME Database Group, Rs 20,557 crore or a huge 35% of the amount raised in 2022 was by LIC alone. 03 Jan, 2023, 01:49 PM IST “Higher energy costs have impacted us but we have negotiated with our customers and they have given the pass through. Now there is no impact and this t...

Harsha Engineers IPO GMP Today: Gray Market Premium Today, 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 200/- What is Harsha Engineers IPO Expected Returns? Harsha Engineers International IPO Expected Returns is 60%. What is Harsha Engineers IPO Subject to Sauda Today? Harsha Engineers International IPO Subject to Sauda is ₹5000 as of today. Harsha Engineers International Limited Logo Harsha Engineers Harsha Engineers International Limited IPO Details Issue Amount Upto Rs 755 Crores Details Of offer To The Public Fresh Issue Size 300 Cr. Offer for Sale Size 455 Cr. Offer Type Book Built Offer Face Value Rs 10 Per Share Price Band Rs 314 to 330 Lot Size 45 Shares IPO Registrar Link Intime India Pvt. Ltd. Issue Details Harsha Engineers IPO Timeline, IPO Open Date, Listing Date, Refund Date IPO Open Date 14 September 2022 IPO Close Date 16 September 2022 Time 10 AM to 5 PM Basis of Allotment Date 21 September 2022 Initiation of Refunds 22 September 2022 Credit of Shares to Demat Account 23 September 2022 IPO Listing Date (Trading Commence) NSE & BS...

Harsha Engineers The IPO was a mix of a fresh issue of shares aggregating to Rs 455 crore and an offer for sale of up to Rs 300 crore. On Tuesday, the company raised Rs 226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions. Harsha Engineers IPO: Subscription Status 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. Harsha Engineers IPO Share Allotment Date, Listing Date The basis of allotment for Harsha Engineers IPO will begin on September 21, Friday. On the other hand, investors who will not win the bid are likely to get their refunds on September 22, Thursday. Investors who win the bid will receive credit to their demat accounts on September 23, Friday. Harsha Engineers IPO: How to check allotment status Those who have applied for the public issue are advised to check their application status online after the announcement of share allotment. They can check Harsha Engineers IPO allotment status online by logging in at the BSE website — bseindia.com or at the website of official registrar of the IPO — Link Intime Harsha Engineers IPO Issue: Objectives Proceeds from the fresh issue to the tune of up to Rs 270 crore will be utilised for debt payment, up to Rs 76 crore for funding working capital requirements towards purchase of machinery, up to Rs ...

Harsha Engineers IPO listing date has been fixed on 26th September 2022. As per the information available on BSE website, effective from Monday, September 26, 2022, the equity shares of Harsha Engineers International Limited shall be listed and admitted to dealings on the BSE and NSE in the list of 'B ' group of securities. So, Harsha Engineers shares will be a part of Special Pre-open Session (SPOS) on Monday, September 26, 2022. Harsha Engineers IPO GMP today As told above by market observers, ₹150, which is ₹35 below its yesterday's high of ₹185. Market observers said that weekend sell-off has led to dip in Harsha Engineers IPO GMP. However, they maintained that despite weakness in Dalal Street sentiments, Harsha Engineers IPO GMP has remained above ₹150 levels for the last one week that means grey market is expecting strong and fancy listing of the public issue. What this GMP mean? Market observers said that Harsha Engineers IPO GMP today is ₹150, which means grey market is expecting that Harsha Engineers IPO listing would be around ₹480 ( ₹330 + ₹150), which is 45 per cent higher from the price band of ₹330 per equity share. So, grey market is expecting strong listing of the public issue. What stock market experts say "Harsha Engineers has been able to grab the interest of investors with its strong revenue growth, profitability, and reasonable price, which resulted in an overwhelming subscription, signaling a phenomenal listing on the cards. If the market remains in a...

Harsha Engineers IPO listing date: Shares to make debut on NSE, BSE today; what to expect from listing? Harsha Engineers IPO listing date: The initial public offering (IPO) of Harsha Engineers International Limited, one of the largest manufacturers of precision bearing cages in organised sector in India, is all set to be listed on the exchanges—NSE and BSE —on Monday. • • • • • Harsha Engineers IPO listing date: The initial public offering (IPO) of Harsha Engineers International Limited, one of the largest manufacturers of precision bearing cages in organised sector in India, is all set to be listed on the exchanges—NSE and BSE —on Monday. The IPO was subscribed 74.70 times on the final day. Against 1,68,63,795 shares put on offer for the IPO, the bids were received for 1,25,96,90,175 shares on the last day, as per NSE data. The retail category was subscribed 17.6 times, NIIs quota was booked 71.3 times and QIBs portion was subscribed a whooping 178.26 times on the last day. Harsha Engineers IPO remained open between September 14-16. Harsha Engineers International Limited had fixed the IPO size at Rs 755 crore comprising a fresh issue of Rs 455 crore and open offer for sale (OFS) of Rs 300 crore. The company had fixed a price band of Rs 314-330 for the issue, whose bid lot comprised 45 shares and in multiple thereof. The retail allocation was capped at 35% for Harsha Engineers IPO. The company has also reserved shares for its employees to the tune of Rs 2.50 crore. The emp...

Harsha Engineers will finalise allotment of shares post its initial public offering (IPO) on September 21. The IPO was open from September 14 to September 16. The issue was subscribed 74.70 times on the last day. The IPO received bids for 1,25,96,90,175 shares against 1,68,63,795 shares on offer, according to an update on the BSE. The portion for retail investors was fully subscribed 17.66 times , while that for qualified institutional buyers was subscribed 178.26 times. The share sale had a price band of Rs 314 to Rs 330 per share. ALSO READ: Meanwhile, IPOWatch suggested that Harsha Engineers IPO grey market premium (GMP) stood at Rs 240 on September 20. It implies that the grey market expects the lender to list around Rs 570 (Rs 330 + Rs 240), which is over 72 per cent premium to the IPO's upper band price of Rs 330 per equity share. The lot size of Harsha Engineers IPO was 45 shares for which one would have to spend Rs 14,850. A retail individual investor could submit bids for up to 13 lots or 585 shares by spending Rs 1,93,050. Axis Capital Limited, Equirus Capital Private Limited and JM Financial Consultants were the lead managers of the IPO. ALSO READ: The shares are likely to be listed on BSE and NSE on September 26. Link Intime India Private Ltd is the registrar to the IPO. Here's how to check your share allotment status. Investors can visit the Bombay Stock Exchange (BSE) website or the IPO registrar's website. Registrar website Registrar of the share sale is Li...