Harsha engineers ipo grey market premium

Harsha Engineering 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 has five manufacturing facilities with two of its principal facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu in China and Ghimbav Bra?ov în România. The quota reserved for qualified institutional buyers (QIBs) was subscribed a whopping 178.26 times, while the one reserved for non-institutional investors (NIIs) and retailers was subscribed 71.32 times and 17.63 times, respectively. The majority of the brokerages remain positive on the issue and suggest subscribing to it. However, a few have flagged rising prices of raw materials and dependency on major clients as key concerns. Investors, who had bid for the issue, can check the allotment status on BSE website: 1) Visit https://www.bseindia.com/investors/appli_check.aspx 2) Under the issue type, click Equity 3) Under the issue name, select Harsha Engineers International Ltd in the dropbox 4) Write the application number 5) Add the PAN card ID 6) Click on 'I am not a Robot' and hit submit. You can also check the allotment status on the online portal of Link Intime India Private Limited (https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified ...

Harsha Engineers International latest IPO GMP Today is ₹125(+/-5), last updated on Sep 26th 2022 10:10 AM. Given at the price band of 330, the estimated listing price for the Harsha Engineers International IPO is ₹455 (cap price + today's GMP). The expected gain/loss per share in terms of percentage is 37.88%.• Harsha Engineers International IPO Retail Subject to Sauda: ₹7000 • Harsha Engineers International IPO Small HNI Subject to Sauda: ₹75000 • Harsha Engineers International IPO Big HNI Subject to Sauda: ₹75000 We update GMP on daily basis and based on the last 18 sessions grey market activities, Today's IPO GMP trend indicates Upside and expects a strong listing. With this, retail investors should apply in this IPO with full force. The lowest GMP is recorded at ₹0 while the highest GMP is ₹238. Stay tuned with us to know the day-by-day Harsha Engineers International IPO GMP Performance along with its expected listing price. Harsha Engineers International Day-wise IPO GMP Trend GMP Date GMP S2S Estimated Listing Price Last Updated Time 26-09-2022 ₹125 7000 ₹455 (37.88%) 26-Sep-2022 09:10:24 AM 24-09-2022 ₹162 7300 ₹492 (49.09%) 24-Sep-2022 05:08:07 PM 23-09-2022 ₹150 7200 ₹480 (45.45%) 23-Sep-2022 08:31:58 PM 22-09-2022 ₹170 8000 ₹500 (51.52%) 22-Sep-2022 06:58:46 PM 21-09-2022 ₹180 8000 ₹510 (54.55%) 21-Sep-2022 07:34:01 PM 20-09-2022 ₹205 7500 ₹535 (62.12%) 20-Sep-2022 05:23:11 PM 19-09-2022 ₹234 8000 ₹564 (70.91%) 19-Sep-2022 09:13:20 AM 18-09-2022 ₹220 8500 ₹550 (6...

Harsha Engineers International — an Ahmedabad-based manufacturer of precision bearing cages — is all set of launch an initial public offering (IPO) worth up to Rs 755 crore on Wednesday, September 14. This will be the fourth initial share sale to hit Dalal Street within a little over a month, following the primary market offerings of

• The initial public offering (IPO) of the Ahmedabad-based manufacturer is all set to raise ₹755 crore through this IPO. • The company’s profit grew by over four times in the last three financial years. • The IPO is open for subscription from today September 14 to September 16. • The price band of the issue is fixed at ₹314-₹330 per share. The initial public offering (IPO) of Ahmedabad-based Harsha Engineers International, which manufactures precision bearing cages, has opened today, September 14, and will conclude on September 16. The company plans to raise ₹755 crore through this IPO consisting of a fresh issue of equity shares worth ₹455 crore and an offer for sale by promoters of up to ₹300 crore. Money raised through the IPO will be utilised for debt repayment, funding capital expenditure, purchase of machinery, infrastructure repairs, renovation of the existing production facilities and for general corporate purposes. Ahead of its initial share sale, Harsha Engineers had raised ₹225.7 crore from anchor investors including American Funds Insurance Series Global Small Capitalization Fund, Goldman Sachs Funds - Goldman Sachs India Equity Portfolio, PineBridge Global Funds - PineBridge India Equity Fund and Abu Dhabi Investment Authority-Monsoon. Investor demand for the IPO could be strong as the shares of the company are commanding a premium of ₹210 per share in the grey market. Grey market premium or GMP is the premium at which IPO shares are traded in an unofficial ma...

The grey market premium (GMP) for Harsha Engineers International Ltd, a manufacturer of precision bearing cages, has declined nearly 60 percent ahead of the listing amid volatile local equity markets. The stock will be listed on Monday. A trader, who did not wish to be named, said that at the peak, the Harsha Engineers GMP was quoting at Rs 240 or 72 percent higher from its issue price at the time of closing of the IPO and then it went downhill. On Friday, it was quoting at Rs 180 and on Saturday it fell again to Rs 150 a share. It was in the Rs 135-140 range on Sunday, he said. The Rs 755 crore issue was subscribed nearly 75 times. The issue consists of a fresh issue of Rs 455 crore and an offer for sale of up to Rs 300 crore by shareholders and promoters. The IPO set its price band at Rs 314-330 a share. At the offer price of Rs. 314-330, the stock trades at a P/E valuation of 31.3x-32.7x its FY2022 after the IPO-diluted EPS. Given the company’s robust share in the bearing case market and strong relationships with its customers, the company’s growth prospects look promising, analysts said. Both the Sensex and the Nifty dropped for the third sessions and fell 2.7 percent each in this period. The volatility in the markets was due to fall in global equities after the US federal reserve hiked rates and indicated that it will tighten further.

Harsha Engineers IPO hit the market on 14 September 2022 and is scheduled to go live on bourses on 26 September 2022. Here is a look at what the Harsha Engineers IPO grey premium is indicating for investors. If you are among the lucky allottees and are interested in checking Harsha Engineers listing estimates, read on for more. The company planned to raise INR 755 crore from the IPO priced at INR 314 – 330 per equity share. It has issued fresh equity shares worth INR 455 crore, while the promoters and existing investors of the company have sold shares worth INR 300 crore in this public offering. The response to Harsha Engineers IPO was quite different from others. The IPO was subscribed at the average rate of 74.6 times. Retail investor category, which usually have the highest demand, was oversubscribed 17.5 times but was superseded by the NII category which saw subscription of 71.3 times. Nevertheless, the real surprise was the QIB demand with 178.3 times subscription. Harsha Engineers IPO Subscription Category Shares Offered Day 1 Day 2 Day 3 QIB 47,92,950 0.06 1.63 178.26 NII 35,94,780 5.83 24.91 71.31 Retail 83,87,730 3.22 9.14 17.53 Employee 88,335 2.33 6.34 11.97 Total 1,68,63,795 2.87 10.35 74.65 Subscription figures in number of times, at 5 PM Since the subscription rates are quite high, Read Also: Harsha Engineers listing estimate (GMP analysis) Given the wide fluctuations in the secondary market, Harsha Engineers IPO grey premiums have also moved up and down. Tha...

ગુજરાતી • • • • • • • New • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Live • Live • • • • • • • • • • • • • • • • • • • The Rs.755 crore IPO of Harsha Engineers International Ltd comprises of a fresh issue of shares worth Rs455 core and an offer for sale (OFS) by the promoters and early shareholders of the company of Rs300 crore. The issue has been priced in the band of Rs.314 to Rs.330 per share and the IPO allotment price will be discovered post the book building of shares is completed during the IPO process. The issue opens for subscription on 14th September 2022 and closes for subscription on 16th September 2022 (both days inclusive). The basis of allotment will be finalized on 21st September 2022 and the refunds will be initiated on 22nd September 2022. In addition, the demat credits are expected to happen on 23rd September 2022 and the stock is scheduled to list on 26th September 2022. The grey market price (GMP) trading normally starts about 4-5 days prior to IPO opening and continues till the listing date. In the case of Harsha Engineers International Ltd, we already have GMP data for the last 5 days, which should give a reasonable picture of the likely listing performance. There are 2 factors that impact the GMP. Firstly, the market conditions have a deep impact o...

Harsha Engineers International — an Ahmedabad-based manufacturer of precision bearing cages — is all set of launch an initial public offering (IPO) worth up to Rs 755 crore on Wednesday, September 14. This will be the fourth initial share sale to hit Dalal Street within a little over a month, following the primary market offerings of

The grey market premium (GMP) for Harsha Engineers International Ltd, a manufacturer of precision bearing cages, has declined nearly 60 percent ahead of the listing amid volatile local equity markets. The stock will be listed on Monday. A trader, who did not wish to be named, said that at the peak, the Harsha Engineers GMP was quoting at Rs 240 or 72 percent higher from its issue price at the time of closing of the IPO and then it went downhill. On Friday, it was quoting at Rs 180 and on Saturday it fell again to Rs 150 a share. It was in the Rs 135-140 range on Sunday, he said. The Rs 755 crore issue was subscribed nearly 75 times. The issue consists of a fresh issue of Rs 455 crore and an offer for sale of up to Rs 300 crore by shareholders and promoters. The IPO set its price band at Rs 314-330 a share. At the offer price of Rs. 314-330, the stock trades at a P/E valuation of 31.3x-32.7x its FY2022 after the IPO-diluted EPS. Given the company’s robust share in the bearing case market and strong relationships with its customers, the company’s growth prospects look promising, analysts said. Both the Sensex and the Nifty dropped for the third sessions and fell 2.7 percent each in this period. The volatility in the markets was due to fall in global equities after the US federal reserve hiked rates and indicated that it will tighten further.

Harsha Engineers International latest IPO GMP Today is ₹125(+/-5), last updated on Sep 26th 2022 10:10 AM. Given at the price band of 330, the estimated listing price for the Harsha Engineers International IPO is ₹455 (cap price + today's GMP). The expected gain/loss per share in terms of percentage is 37.88%.• Harsha Engineers International IPO Retail Subject to Sauda: ₹7000 • Harsha Engineers International IPO Small HNI Subject to Sauda: ₹75000 • Harsha Engineers International IPO Big HNI Subject to Sauda: ₹75000 We update GMP on daily basis and based on the last 18 sessions grey market activities, Today's IPO GMP trend indicates Upside and expects a strong listing. With this, retail investors should apply in this IPO with full force. The lowest GMP is recorded at ₹0 while the highest GMP is ₹238. Stay tuned with us to know the day-by-day Harsha Engineers International IPO GMP Performance along with its expected listing price. Harsha Engineers International Day-wise IPO GMP Trend GMP Date GMP S2S Estimated Listing Price Last Updated Time 26-09-2022 ₹125 7000 ₹455 (37.88%) 26-Sep-2022 09:10:24 AM 24-09-2022 ₹162 7300 ₹492 (49.09%) 24-Sep-2022 05:08:07 PM 23-09-2022 ₹150 7200 ₹480 (45.45%) 23-Sep-2022 08:31:58 PM 22-09-2022 ₹170 8000 ₹500 (51.52%) 22-Sep-2022 06:58:46 PM 21-09-2022 ₹180 8000 ₹510 (54.55%) 21-Sep-2022 07:34:01 PM 20-09-2022 ₹205 7500 ₹535 (62.12%) 20-Sep-2022 05:23:11 PM 19-09-2022 ₹234 8000 ₹564 (70.91%) 19-Sep-2022 09:13:20 AM 18-09-2022 ₹220 8500 ₹550 (6...