Harsha Engineers IPO price band, GMP, Allotment, Listing date and Price

Harsha Engineers IPO details (14  – 16 Sep), (Price ₹ 314 to 330)

Harsha Engineers IPO price band, GMP, Allotment, Listing date and Price
Harsha Engineers IPO price band, GMP, Allotment, Listing date and Price

Listing date and Listing Price of Harsha Engineers IPO:

  1. Harsha Engineers IPO listed on BSE and NSE exchanges on – Click Here
  2. Listing Price of Harsha Engineers IPO on NSE – Click Here
  3. Listing Price of Harsha Engineers IPO on BSE – Click Here

Grey Market premium (GMP) price of Harsha Engineers IPO :

Grey Market premium (GMP) price of Harsha Engineers IPO is ₹__. Grey Market premium (GMP) of Harsha Engineers IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.

Harsha Engineers IPO Allotment link status on Link Intime:

  1. Check the allotment status of Harsha Engineers IPO on the below link given by Link Intime.
  2. Harsha Engineers IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html

Harsha Engineers IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.

Harsha Engineers IPO subscription status details:

Harsha Engineers IPO subscription status details are below:

QIB (Qualified Institl. Bidders)NII (bids above ₹10L)NII (bids below ₹10L)RII (Retail)Total No. of times applied
Day 1
Day2
Day 3
Harsha Engineers IPO subscription status live

Harsha Engineers IPO highlights:

Harsha Engineers IPO bid Opens on 14 Sep 2022
Harsha Engineers IPO bid Closes on16 Sep 2022
Post issue Modification Period17 Sep 2022 (10 to 11 am)
Cut-off time for UPI Mandate Confirmation17 Sep 2022 (up to 12pm)
Issue type100% Book Building
Harsha Engineers IPO issue size₹ 755  Cr
Face value of each equity shareRs. 10
Harsha Engineers IPO Price bandRs 314 to Rs 330 per share
Harsha Engineers IPO market lot45 equity shares and multiples
Harsha Engineers IPO minimum order quantity45 equity shares
Pre IPO equity share of promoters of Harsha Engineers__  %
Post IPO paid-up equity share of promoters of Harsha Engineers__ %
QIB portion reservation in Harsha Engineers IPO50 %
NIB portion reservation in Harsha Engineers IPO15 %
Retail portion reservation in Harsha Engineers IPO35 %
Retail individual bidder can apply in Harsha Engineers IPOup to 2 lakh (200,000) – Maximum 13 Lot
Retail individual discount in Harsha Engineers IPONA
Employees can apply in Harsha Engineers IPOup to 5 lakh (500,000)
Employees Reservation in Harsha Engineers IPONA
Employees Discount in Harsha Engineers IPONA
Listing of Harsha Engineers at ExchangesNSE, BSE
Fund raised from Anchor Investors in Pre-IPO of Harsha EngineersNA
Registrar of Harsha Engineers IPO issueLink Intime India Private Limited
Harsha Engineers IPO highlights

Harsha Engineers IPO important dates regarding bidding, allotment, listing, refund etc. :

The probable dates regarding bidding, allotment, listing, refund of Harsha Engineers IPO are mentioned below.

Harsha Engineers IPO opens on14.09.2022
Harsha Engineers IPO Closes on16.09.2022
Allotment basis date of Harsha Engineers IPO21.09.2022
Money refund date of Harsha Engineers IPO22.09.2022
Shares of Harsha Engineers in Demat Account23.09.2022
Harsha Engineers IPO listing date on NSE, BSE26.09.2022
Harsha Engineers IPO important dates regarding bidding, allotment, listing, refund etc.

How much shares of Harsha Engineers IPO are being offered?

Type of Issue (Fresh / OFS)No. of Equity shares offeredAmount of Equity shares
Total Issue size₹ 831.60 Crore
Fresh Issue size₹ 831.60  Crore
Offer for Sale (OFS)₹ 0 Crore
Employee Reservation
No. of Equity shares offered of Harsha Engineers IPO

IPO Red Herring Prospectus (RHP) of Harsha Engineers:

Click here for IPO RHP of Harsha Engineers on SEBI website.

Objectives of the Harsha Engineers IPO Issue: (Source – RHP)

Requirement of funds Our Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding of the following objects: (a) Pre-payment or scheduled repayment of a portion of the existing borrowing availed by our Company; (b) Funding capital expenditure requirements towards purchase of machinery; (c) Infrastructure repairs and renovation of our existing production facilities including office premises in India; and (d) General corporate purposes.

Business of Harsha Engineers: (Source – RHP)

We are the largest manufacturer of precision bearing cages, in terms of revenue, in organised sector in India, and amongst the leading manufacturers of precision bearing cages in the world. (Source: CARE Advisory Report). We offer diversified suite of precision engineering products across geographies and end-user industries. Our business comprises: (i) engineering business, under which we manufacture bearing cages (in brass, steel and polyamide materials), complex and specialised precision stamped components, welded assemblies and brass castings and cages & bronze bushings; and (ii) solar EPC business, under which we provide complete comprehensive turnkey solutions to all solar photovoltaic requirements.

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