Harsha Engineers IPO allotment today (Wednesday, September 21). According to today’s GMP Harsha Engineers is now available at a premium price of Rs 240
Those who subscribe to Harsha Engineers may use the following links to find out if they have been allocated an IPO share.
How to verify Harsha Engineers IPO allotment status via NSE, BSE
– Click on the BSE link
– Enter your IPO details like application number, PAN card details
Clear the “I’m not a Robot” button
– Now you can see the status of your LIC IPO allotment.
Harsha Engineers stock market debut
Market analysts believe Harsha Engineers‘ initial public offering (IPO), shares could be a success on the public bourses. Harsha Engineers is expected to be listed on September 26, 2022. The company will be listed both on NSE and BSE.
Harsha Engineers IPO was subscribed 74.70 Times on the last day of the offer
Due to heavy demand from institutional buyers on Friday, 19 September 2002, Harsha Engineers International’s Initial Public Offering (IPO) was subscribed 74.70 Times.
According to data from the NSE, there were bids for 125.96 million shares and 1.68 crore shares offered in the public offer.
Qualified institutional buyers (QIBs), received subscriptions 178.26x, while non-institutional investors got 71.32x subscriptions.
The category for Retail Individual Investors was subscribed 17.63 Times.
A fresh issue of Rs 455 crore were issued to the IPO, with an offer to sell at Rs 300 crore.
The offer price was Rs 314-330 per share.
The proceeds of the new issue will be used for debt payments up to Rs. 270 crores, for working capital requirements, to purchase machinery, and up to Rs. 7.12 crores to repair and renovate existing production facilities.
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