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Harsha Engineers IPO: Listing in the stock market of Harsha Engineers on September 26, see today’s GMP

New Delhi: After receiving an overwhelming response in its initial public offer, the IPO allotment of Harsha Engineers was announced on Wednesday (September 21). All eyes are now on the stock market list of Harsha Engineers, which is likely to be out on Monday (26 September).

As per today’s GMP, Harsh Engineers Available at a premium of Rs 185. Harsha Engineers latest GMP is up by Rs 15 from yesterday’s low of Rs 170.

Harsha Engineers stock market debut

According to market analysts, the shares of Harsha Engineers’ Initial Public Offer (IPO) may make a positive start in the public markets on Monday. The company will be listed on both NSE and BSE.

Harsha Engineers IPO subscribed 74.70 times on last day of offer

On Friday (September 19, 2022), the last day of membership, the initial public offer (IPO) of Harsha Engineers International was subscribed 74.70 times, helped by huge demand from institutional buyers.

According to NSE data, the public offering received bids for 125.96 crore shares against 1.68 crore shares.

For Qualified Institutional Buyers (QIBs), the quota was subscribed 178.26 times, while the share of non-institutional investors was subscribed 71.32 times.

The Retail Individual Investors (RII) category was subscribed 17.63 times.

IPO up to Rs 755 crore had fresh issue up to Rs 455 crore and sale offer up to Rs 300 crore.
The offer price range was Rs 314-330 per share.

Up to Rs 270 crore proceeds from the fresh issue will be used for loan repayment, up to Rs 76 crore for financing working capital requirements for machinery purchase, up to Rs 7.12 crore for infrastructure repair and refurbishment of existing production will be used. For features and general corporate offers.

With PTI inputs

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