Harsha engineers ipo grey market

Shares of Harsha Engineers International continued to enjoy a healthy trading premium in the grey market ahead of the company’s listing, though it is down by 20-25 percent in the last couple of days amid significant corrections and an uncertain environment in the secondary market. The company will make its debut on the bourses on September 26 in the last listing of the month. The maiden public issue of one of the largest bearings cage manufacturers globally received a robust response from investors, garnering 74.7 times subscription during September 14-16 with support from investors across the board, one of the reasons behind the healthy premium in the grey market. Currently, the stock is trading at a 45-50 percent premium in the grey market over the issue price of Rs 330, analysts told Moneycontrol. Before the market correction, it quoted at a 65-70 percent premium. The grey market is an unofficial trading platform for shares of companies that have gone in for an initial public offering (IPO) before they are officially traded on the stock exchanges. Generally, investors look at the grey market premium to know the listing performance of any IPO. Also read - SEBI may step up disclosure requirements for IPOs of new-age companies The equity market corrected more than 4 percent from its recent high in the last seven days due to fears of aggressive policy tightening by the US Federal Reserve to bring the inflation rate in that country down to its 2 percent target. Other global ...

Synopsis Ahmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market The company is looking to raise Rs 755 crore, which consists of a fresh issue of shares worth Rs 455 crore and an offer for sale (OFS) by promoters of Rs 300 crore. Analysts tracking the grey market are citing sound fundamentals, growth prospects, higher market share and reasonable valuations as reasons behind lofty valuations. It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market share in the global organised bearing cages market for brass, steel and polyamide cages as of 2020. Dinesh Gupta, co-founder of UnlistedZone said the company is launching its shares at reasonable valuations compared to peers. "It has left something on the table for investors." However, these are just initial trends and one should wait for the bidding process for the IPO to conclude, said analysts. Harsha Engineers offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company, which serves in mo...

Harsha Engineers IPO: Market participants suggested that Harsha Engineers IPO grey market premium (GMP) is around Rs 200. This implies that the grey market is expecting the lender to list around Rs 530 (Rs 330 + Rs 200), which is more than 60 per cent to the IPO's upper band price of Rs 330 per equity share. The share allotment status of The qualified institutional buyers' (QIBs') portion got subscribed 178.26 times, while non-institutional investors' category received 71.32 times subscription. The quota for retail individual investors (RIIs) got subscribed 17.63 times. The IPO was fully subscribed on the first day of issuance (September 14). Here's how to check the share allotment status on BSE: * Open https://www.bseindia.com/investors/appli_check.aspx on your browser; * Select 'Equity' option and issue name – 'Harsha Engineers' from the dropdown; * Enter your application number and PAN (Permanent Account Number) details * Check CAPTCHA and click submit to view the status. Meanwhile, market participants suggested that Harsha Engineers IPO grey market premium (GMP) is around Rs 200. This implies that the grey market is expecting the lender to list around Rs 530 (Rs 330 + Rs 200), which is more than 60 per cent 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 Cap...

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...

Bearing cages manufacturer, Harsha Engineers will make its market debut tomorrow. The company's ₹755 crore IPO is the most subscribed public offer for the current year. Qualified institutional buyers showed a strong appetite for the IPO, while retail and high net-worth investors also tapped the issue robustly. The IPO received a massive 74.70 oversubscription overall. Currently, the GMP price of the issue is ₹170 per equity share. Harsha Engineers will list on BSE and NSE on Monday. In a statement, NSE on Harsha Engineers said, "the equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. September 26, 2022. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors." Harsha Engineers IPO The IPO had a price band of ₹314 and ₹330 per equity share. The IPO was launched on September 14 and was available till September 16. On the last day of the issue, the IPO was oversubscribed by 74.70 times. QIBs were the top investors as the portion reserved for this category oversubscribed by a whopping 178.26 times, while the portion for the NII category (HNIs) subscribed by 71.32 times. The reserved portion for retail individual investors was oversubscribed by 17.63 times. What do experts say about Harsha Engineers? In an IPO note, Avinash Kumar Pathak Research Analyst at LKP Securities said, " The company with its strong market share in precision bearing cages and being one of the leading player...

Adipurush Review: Netizens Give Their Verdict On Twitter © Moneycontrol Harsha Engineers International enjoys more than 60% premium in grey market as IPO opens for bidding The maiden public issue of Harsha Engineers International continued to attract a healthy premium in the grey market as it opened for subscription on Wednesday, September 14, the first day of bidding. The shares traded at more than 60 percent premium in the grey market, analysts said. Generally, investors look at the grey market premium to get an idea of the expected listing price of a particular initial public offering (IPO). Such trading starts after the company announces the price band and continues till the actual listing of the shares on the bourses. Notably, the public issue was fully subscribed on its first day of bidding, indicating good demand from all classes of investors. Harsha Engineers aims to raise Rs 755 crore through its public issue, of which Rs 455 crore will be utilised by the company and the rest will go to promoters who are the selling shareholders. The price band is Rs 314-330 per share. The proposed reduction of debt via IPO proceeds, a focus on the electrical vehicle segment, strong financials, healthy market share in the precision bearing cages segment, a growing trend of outsourcing by global bearings manufacturers and strong relationship with major bearings producer seem to be key reasons for the robust demand, said analysts, who have given the issue a ‘subscribe’ rating. Harsh...

Synopsis Ahmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market The company is looking to raise Rs 755 crore, which consists of a fresh issue of shares worth Rs 455 crore and an offer for sale (OFS) by promoters of Rs 300 crore. Analysts tracking the grey market are citing sound fundamentals, growth prospects, higher market share and reasonable valuations as reasons behind lofty valuations. It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market share in the global organised bearing cages market for brass, steel and polyamide cages as of 2020. Dinesh Gupta, co-founder of UnlistedZone said the company is launching its shares at reasonable valuations compared to peers. "It has left something on the table for investors." However, these are just initial trends and one should wait for the bidding process for the IPO to conclude, said analysts. Harsha Engineers offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company, which serves in mo...

Adipurush Review: Netizens Give Their Verdict On Twitter © Moneycontrol Harsha Engineers International enjoys more than 60% premium in grey market as IPO opens for bidding The maiden public issue of Harsha Engineers International continued to attract a healthy premium in the grey market as it opened for subscription on Wednesday, September 14, the first day of bidding. The shares traded at more than 60 percent premium in the grey market, analysts said. Generally, investors look at the grey market premium to get an idea of the expected listing price of a particular initial public offering (IPO). Such trading starts after the company announces the price band and continues till the actual listing of the shares on the bourses. Notably, the public issue was fully subscribed on its first day of bidding, indicating good demand from all classes of investors. Harsha Engineers aims to raise Rs 755 crore through its public issue, of which Rs 455 crore will be utilised by the company and the rest will go to promoters who are the selling shareholders. The price band is Rs 314-330 per share. The proposed reduction of debt via IPO proceeds, a focus on the electrical vehicle segment, strong financials, healthy market share in the precision bearing cages segment, a growing trend of outsourcing by global bearings manufacturers and strong relationship with major bearings producer seem to be key reasons for the robust demand, said analysts, who have given the issue a ‘subscribe’ rating. Harsh...

Shares of Harsha Engineers International continued to enjoy a healthy trading premium in the grey market ahead of the company’s listing, though it is down by 20-25 percent in the last couple of days amid significant corrections and an uncertain environment in the secondary market. The company will make its debut on the bourses on September 26 in the last listing of the month. The maiden public issue of one of the largest bearings cage manufacturers globally received a robust response from investors, garnering 74.7 times subscription during September 14-16 with support from investors across the board, one of the reasons behind the healthy premium in the grey market. Currently, the stock is trading at a 45-50 percent premium in the grey market over the issue price of Rs 330, analysts told Moneycontrol. Before the market correction, it quoted at a 65-70 percent premium. The grey market is an unofficial trading platform for shares of companies that have gone in for an initial public offering (IPO) before they are officially traded on the stock exchanges. Generally, investors look at the grey market premium to know the listing performance of any IPO. Also read - SEBI may step up disclosure requirements for IPOs of new-age companies The equity market corrected more than 4 percent from its recent high in the last seven days due to fears of aggressive policy tightening by the US Federal Reserve to bring the inflation rate in that country down to its 2 percent target. Other global ...

Bearing cages manufacturer, Harsha Engineers will make its market debut tomorrow. The company's ₹755 crore IPO is the most subscribed public offer for the current year. Qualified institutional buyers showed a strong appetite for the IPO, while retail and high net-worth investors also tapped the issue robustly. The IPO received a massive 74.70 oversubscription overall. Currently, the GMP price of the issue is ₹170 per equity share. Harsha Engineers will list on BSE and NSE on Monday. In a statement, NSE on Harsha Engineers said, "the equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. September 26, 2022. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors." Harsha Engineers IPO The IPO had a price band of ₹314 and ₹330 per equity share. The IPO was launched on September 14 and was available till September 16. On the last day of the issue, the IPO was oversubscribed by 74.70 times. QIBs were the top investors as the portion reserved for this category oversubscribed by a whopping 178.26 times, while the portion for the NII category (HNIs) subscribed by 71.32 times. The reserved portion for retail individual investors was oversubscribed by 17.63 times. What do experts say about Harsha Engineers? In an IPO note, Avinash Kumar Pathak Research Analyst at LKP Securities said, " The company with its strong market share in precision bearing cages and being one of the leading player...