Harsha Engineers IPO: Harsha Group backing company Harsha Engineers International Limited is one of the largest manufacturers of precision bearing cages in the organized sector in India.
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.
Now Company aims to raise Rs7550cr through IPO. Let’s have a detailed overview of the Harsha Engineers IPO release date, IPO offer price, subscription, grey market price, and other details.
Table of Contents
Harsha Engineers Ltd. IPO Details:
| IPO Date | Sep 14, 2022 to Sep 16, 2022 |
| Issue Size (Rs cr) | 755cr |
| Fresh Issue | [.] shares of ₹10 (aggregating up to ₹455.00 Cr) |
| Offer for Sale | [.] shares of ₹10 (aggregating up to ₹300.00 Cr) |
| Face Value | Rs 10 |
| Issue Price Band | ₹314 to ₹330 per share |
| Market Lot | 40 share |
| Min. Order Quantity | Minimum 45 Shares for 1 lot |
| Listing on | BSE, NSE |
Harsha Engineers IPO Date:
The opening and the closing date of the IPO of Harsha Engineers is givan belowt.
| Issue Open Date | Sep 14, 2022 |
| Issue Close Date | Sep 16, 2022 |
| Basis of Allotment Date | Sep 21, 2022 |
| Initiation of Refunds | Sep 22, 2022 |
| Credit of Shares to Demat Account | Sep 23, 2022 |
| IPO Listing Date | Sep 26, 2022 |
Harsha Engineers IPO Grey Market Premium ( GMP ):
The Aadhar Housing Finance Limited IPO Grey Market Premium price is Rs 214, the Kostak rate is Rs450, and the Subject to Sauda is ₹5000.
| Date | GMP | Kostak | Subject to |
| 11 September | ₹214/220 | 450 | ₹5000 |
Harsha Engineers IPO Related FAQs :
When Will The Harsha Engineers IPO Open?
Harsha Engineers IPO is to open on September 15, 2022.
What Is The Price Band For The Harsha Engineers IPO?
Price Band for Harsha Engineers IPO is ₹314 to ₹330 per share.
What Is The Lot Size For TheHarsha Engineers IPO?
Investors need to subscribe to at least one lot of 40 shares. A retail individual investor can bid for a maximum of 585 Shares for 13 lot
What is Harsha Engineers IPO GMP Today?
Harsha Engineers IPO GMP is ₹214 as of today.
On What Date Will Harsha Engineers Get Listed?
Harsha Engineers listing is likely by Sep 26, 2022