Harsha ipo gmp

Harsha Engineers IPO Listingon NSE and BSE on 26 September 2022 Monday at 10:00 AM. The Harsha Engineers IPO GMP is showing a high premium of ₹150-₹155 premium due to which Harsha Engineers Listing price is likely to be listed around at issue price₹470-₹480. The total Harsha Engineers IPO Subscription Status subscribed 74.70x times so far, with QIB subscribed 178.26x and NII subscribed 71.32x times & RII 17.63x times and EMP 12.07x times. There was a High Demand subscription from the investors, Now it remains to be seen at which price level it is listed, we will update you on Harsha Engineers SharePrice. The company Harsha Engineers IPO allotment done 21 September 2022 and allotment ratio in retail category 18:1 per application. Harsha Engineers International Limited is the e largest manufacturer of precision bearing cages, in terms of revenue, in organsied sector in India, and amongst the leading manufacturers of precision bearing cages in the world. The company approximately 50% of the market share in the organised segment of the Indian bearing cages market and 5.2% of the market share in the global organised bearing cages market for brass, steel and polyamide cages in FY 2020. The company supply products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America and Africa. Harsha EngineersIPO Listing– TheHarsha EngineersIPO listing at ₹450.00 on NSE 36.36% Gain & ₹444.00On BSE 34.55% Gain from the Offer issue price. Hars...

Check out Harsha Engineers IPO GMP aka IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today. Harsha Engineers IPO GMP is looking strong and stable around ₹240. The Harsha Engineers IPO may list between ₹550 to ₹600 range against the IPO price or ₹330 with expected return around 75% (Approx). Stay tuned for the latest IPO GMP numbers of Harsha Engineers IPO. Harsha Engineers IPO is to open on September 15, 2022. The company is to raise ₹755 crores via IPO which comprises a fresh issue of ₹455 crores and an offer for sale of up to ₹300 crores from promoters. Harsha Engineers International Limited aka Harsha is one of the largest manufacturers of precision bearing cages in the organized sector in India. The company was incorporated in 2010. The company is a part of the Harsha Group. The company is 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, and polyamide bearing cages in terms of revenue. The product range includes Brass Cages, Steel Cages, Polyamide Cages, and Stamped Components. They supply their products in over 25 countries covering five continents. The company reported revenue of ₹877 crores in 2021 against revenues of ₹900 crores in 2020. The IPO price band is fixed at ₹314 to ₹330 Per Equity Share. The Harsha Engineers IPO to list on NSE and BSE. Harsha Engineers IPO Allotment Status What is Harsha Engineers IPO GMP T...

Harsha Engineers International IPO received an oversubscription of 74.70 times on the last day of the public offer. Qualified institutional buyers (QIB) made the highest bidding in the IPO followed by high-net-worth clients. Retail investors also showed strong demand for the IPO. On Sunday, in the grey market, the IPO is trading at ₹240. The company will complete the process of allocating shares to bidders within six working days from the closing day of the IPO. Harsha Engineers IPO allotment In its red herring prospectus, Harsha Engineers stated that the "Company is required to complete allotment pursuant to the Offer within six working days from the Bid/Offer Closing Date." That said, Harsha Engineers is expected to allot shares to eligible bidders in the IPO, on September 21. The company is likely to make its Harsha Engineers IPO Harsha Engineers launched its initial public offer (IPO) for raising ₹755 crore. On Day 3, the IPO was oversubscribed by a massive 74.70 times. The portion reserved for QIBs 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. The IPO has a price band of ₹314 and ₹330 per equity share. Growth outlook! Harsha Engineers is the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and among the leading manufacturers of precision bearing cages in the worl...

The initial public offering (IPO) of Harsha Engineers International Ltd, will open tomorrow (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. Harsha Engineers’ 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. Harsha Engineers IPO Bidding details – Face Value: Rs 10 per share – Lot size: 45 shares – Employee Discount: Rs 31 per share – QIBs (Including Anchor): 50% of the offer (approx 1.14 crore shares) – Non-Institutional: 15% of the offer (approx 34.2 lakh shares) – Retail: 35% of the offer (approx 79.8 lakh shares) – Employee: 83,610 shares – Lead managers: Axis Capital, Equirus Capital, – Registrar to the issue: Link Intime India Pvt. Ltd. BOB, IDBI, SBI Capital in race to manage IREDA IPO Also Read: Harsha Engineers shares were commanding a grey market premium (GMP) of Rs 212 today, according to people who deal in unlisted stocks. The IPO shares are likely to be credited to successful allottees’ demat accounts on September 23 and the company is expected to ma...

- Advertisement - Harsha Engineers IPO GMP is started and grey market premium values look good. Harsha Engineers IPO subscription status to start from Sep 14 to Sep 16, 2022. The Harsha Engineers IPO consists of [.] Equity Shares of ₹ 10 (aggregating up to ₹ 7,550 million). The price range for the offer has been fixed at ₹ ₹ 314 – ₹ 330 per share • • • Harsha Engineers IPO GMP Today – Grey Market Premium Date Grey Market Premium (Rs) Kostak (Rs) Subject to Sauda (Rs) 20-09-2022 ₹ 240 ₹ 700 ₹ 7000 17-09-2022 ₹ 230 ₹ 600 ₹ 7000 16-09-2022 ₹ 230 ₹ 600 ₹ 7000 15-09-2022 ₹230 ₹600 ₹ 7000 14-09-2022 ₹220 ₹450 ₹ 5000 13-09-2022 ₹220 ₹450 ₹ 5000 12-09-2022 ₹220 ₹450 ₹ 5000 Harsha Engineers IPO Details Description IPO Details Public Issue Initial Public Issue of upto [.] Equity Shares of ₹ 10 (aggregating up to ₹ 7,550 million) Issue Open Date 14-Sep-22 Issue Close Date 16-Sep-22 Issue Type Book Built IPO Price Band ₹ 314 – ₹ 330 Face Value ₹ 10 Market Lot 45 Equity Shares and in multiples thereof Minimum Order Quantity 45 Equity Shares Maximum Subscription Amount for Retail Investor Rs. 2,00,000 Listing NSE, BSE NSE Symbol HARSHA IPO Market Timings 10.00 a.m. to 5.00 p.m. Harsha Engineers IPO GMP – FAQs

The company's grey market premium has been wiped off by one-third on the back of rising weakness in the market and inflation fears. That said, the company is expected to deliver a strong listing pop. Global market selloff could dent Harsha's listing prospects, said Abhay Doshi, co-founder, UnlistedArena. Harsha Engineers raised Rs 755 crore via its initial stake sale, which remained open for subscription between September 14-16. The company sold its shares in the range of Rs 314-330 apiece. The issue was overall subscribed 74.7 times, with the quota of QIB investors fetching a whopping 178.26 times subscription. Portions for HNI, retailers and employees were subscribed 71.32 times, 17.63 times and 12.07 times, respectively. The company will make its debut on Monday, September 26. Prashanth Tapse, Research Analyst Sr VP Research, Mehta Equities said despite uncertainty in the equity markets, Harsha Engineers is signalling a strong debut with a significant premium. "Considering the excellent response from the investor category, we assume that Harsha Engineers could list around Rs 480-500, which translates to a more than 45-51% premium over the upper end of the IPO price band," he added. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

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 As a part of the OFS, Rajendra Shah, Harish Rangwala, Pilak Shah, Charusheela Rangwala and Nirmala Shah will offload shares. Harsha Engineers IPO: Price Band Harsha Engineers has fixed the IPO price band at Rs 314-330 per share for the Rs 755 crore initial share offer. Half of the issue size has been reserved for qualified institutional investors, 35 per cent for retail investors and the remaining 15 per cent for non-institutional investors. Harsha Engineers IPO: Objective Proceeds from the fresh issue of the Harsha Engineers IPO 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 the purchase of machinery, up to Rs 7.12 crore for infrastructure repairs and renovation of the existing production facilities and for general corporate proposes. Harsha Engineers IPO: Financials Harsha Engineers’ revenue from operations increased by 51.24 per cent to Rs 1,321.48 crore for fiscal 2022, from Rs 873.75 crore for fiscal 2021, while profit after tax doubled to Rs 91.94 crore for fiscal 2022, from Rs 45.44 crore for fiscal 2021. Axis Capital, Equirus Capital, and JM Financial are the book-running lead managers to the issue. Harsha Engineering was founded by Rajendra Shah and Harish Rangwala in 1986. The promoters hold 99.7 percent of the company’s equity. It offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviati...

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...

5/5 - (2 votes) Last Updated on September 19, 2022 by Harsha Engineers IPO GMP and Business Overview Details: Harsha Engineers International Limited, founded in 2010, is India’s largest maker of precise bearing cages in terms of revenue in the organized sector. The firm is a subsidiary of the Harsha Group. Customers in over 25 countries across five continents, including North America, Europe, Asia, South America, and Africa, purchase the company’s products. The company is divided into two segments: • Engineering division: which produces bearing cages (in brass, steel, and polyamide materials), complex and specialized precision stamping components, welded assemblies, brass castings, and cages and bronze bushings. • Solar EPC business: in which the company delivers complete comprehensive turnkey solutions to all solar photovoltaic requirements as well as solar operations and maintenance services. Harsha Engineers International was able to manufacture more than 7,205 bearing cages and 295 other products for customers in the automotive, trains, aviation & aerospace, construction, mining, agriculture, electrical and electronics, and renewables sectors as of September 30, 2021. The company has five manufacturing sites for engineering business, with two in Changodar and one in Moraiya, near Ahmedabad in Gujarat, India, and one in Changshu, China, and Ghimbav Brasov, Romania. Harsha Engineers International Limited has three wholly owned subsidiaries: one in China (Harsha Precision...