Initial Public Offering (IPO) from Harsha Engineers International received a subscription of 74.70 times, led by a strong request from institutional buyers, on the last day of subscription which was closed on Friday. Public problems accept offers for 125.96 CRORE shares of 1.68 CRORE shares offered, according to data with NSE.

The quota for quality institutional buyers (QIBS) subscribed to 178.26 times, while the part for non-institutional investors receives a subscription of 71.32 times. The category for Retail Individual Investors (RII) subscribed 17.63 times.

The basic finalization of the Harsha IPO engineer share is expected to take place this week on Wednesday, September 21, 2022 and if allocated, then the stock credit to the Demat Penawar account will be carried out on Friday, September 23, 2022. The Registrar for this IPO is an Intime India Private Ltd. Link, therefore the allotment application can be checked on the registrant website here or on the BSE website here.

According to market observers, Harsha Engineers shares are available with Premium (GMP) ₹ 234 in the current gray market. The company’s shares are expected to be registered on the leading stock exchanges for BSE and NSE on Monday, September 26, 2022.

IPO up to ₹ 755 Crore has a new edition up to ₹ 455 Crore and offers for sale up to ₹ 300 Crore. The price range for the offer is ₹ 314-330 per share. Axis Capital, Equirus Capital and JM Financial are managers for the sale of initial shares.

The results of new problems to songs up to ₹ 270 crore will be used for debt payments, up to ₹ 76 crore to fund working capital requirements for machine purchases, up to ₹ 7.12 crore to improve infrastructure and renovation of existing products there is something that is there that is there from the product that is there is the one that is there that is there from the one that exists that is there from the one There is something that is there that is there from the one that is there is the one that exists from the one that is there is the one there is the one that is there is the one that is there is the one

Harsha Engineers International Ltd. is the largest precision pad cage producer, with 50-60% market share in the organized market. It offers a series of diverse precision engineering products throughout the geography and the final user industry. This operates under 2 business divisions – Business Engineering and Business EPC.