Harsha Engineers IPO: Check Allotment; GMP and listing Details

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New Delhi: Harsha Engineers IPO allotment was announced on Wednesday (September 21st). According to the current GMP, Harsha Engineers is offered at a premium of the price of Rs 240.

This Harsha Engineers latest GMP is more than Rs 45 over earlier low of Rs195.

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In addition, those who signed up with Harsha Engineers, could use the two links below and determine if your IPO share was allocated or not.

https://www.bseindia.com/investors/appli_check.aspx

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https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp

How do I check Harsha Engineers IPO allotment status through BSE, NSE

Click on the BSE link

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– From the list select LIC IIPO

– Enter your IPO details like application number, PAN card details

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– Clear the ‘I’m not a bot’ button.

– You’ll be able to check your LIC Allotment Status for IPO today.

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Harsha Engineers stock market debut

Based on market research, Harsha Engineers initial public offering (IPO) shares may make an excellent debut on public exchanges.

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Harsha Engineers listing is likely to take place on September 26 2022. Harsha Engineers will appear on NSE as well as BSE.

Harsha Engineers IPO subscribed 74.70 times on the final day of offering

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The Initial Public Offering (IPO) of Harsha Engineers International got subscribed 74.70 times, assisted by the high demand from buyers of institutional nature, on the day that ended registration on the Friday (19 September 2022).

The public auction was flooded with bids for 125.96 crore shares , compared to 1.68 million shares in offer in accordance with a report provided by the NSE.

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The quota for Qualified institutional Buyers (QIBs) were subscribed 178.26 times and the portion that is for non-institutional investors was subscribed to 71.32 times the subscription.

The category of retail individual investors (RIIs) was subscribed 17.63 times.

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The IPO that was worth up to 755 crores was followed by an issue of up to 455 crore, as well as an offer to purchase up to 300 crore rupees.

The price range of the offer was the range of Rs 314 to 330 per share.

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The proceeds of the new issue approximately Rs.270 crore could be used to pay debt as high as Rs 76 crore to finance requirements for working capital to purchase of equipment,

up to 7.12 crore for repairs to infrastructure and the renovation of manufacturing facilities in operation as well as general corporate plans.

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