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Harsha Engineers IPO GMP – Grey Market Premium Today

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Harsha Engineers IPO GMP that is IPO Grey Market Premium, Kostak rates, and Subject to Sauda rates as of today are mentioned below. The Harsha Engineers IPO GMP data helps a lot to decide to apply for the IPO or Avoid it. Incorporated in 2010, Harsha Engineers International Limited is the largest manufacturer of precision bearing cages, in terms of revenue in the organized sector in India. The company is a part of the Harsha Group. The company supplies its products to customers in over 25 countries covering five continents i.e., North America, Europe, Asia, South America, and Africa.

What is Harsha Engineers IPO GMP?

The Harsha Engineers IPO GMP or Grey Market Premium is Rs 130

What is Harsha Engineers IPO Kostak?

The Harsha Engineers IPO Kostak Price or Rate is Rs 700

What is Harsha Engineers IPO Subject to Sauda?

The Harsha Engineers IPO Subject to Sauda is Rs 7000

Harsha Engineers IPO Expected Returns

Harsha Engineers IPO Expected returns is 70%

Harsha Engineers IPO GMP Daily Movements

DateGMPKostakSubject to
26 September 20221307007000
25 September 20221307007000
24 September 20221307007000
23 September 20221747757300
22 September 20222427757000
21 September 20222427757000
20 September 20222427757000
19 September 20222427757000
18 September 20222427757000
17 September 20222427757000
16 September 20222428007000
15 September 20222316007000
14 September 20222316007000
13 September 20222194505000
12 September 20222194505000
11 September 20221605005000
10 September 20222204505000
9 September 20221564508000

Harsha Engineers IPO Dates & Price Band :

 IPO Open:September 14, 2022
 IPO Close:September 16, 2022
 IPO Size:Approx ₹755 Crores
 Price Band: ₹314 to ₹330 Per Share
 Listing on:BSE & NSE
 Retail Portion:No less than 35% of the Net Offer
 Equity:45 Equity Shares
Face Value: ₹10 Per Equity Share

Harsha Engineers IPO Market Lot:

  • Shares: 45 Shares
  • Minimum Amount: ₹14,850
  • Maximum Amount: ₹193,050

Harsha Engineers IPO Allotment & Listing :

  • Basis of Allotment: Sep 21, 2022
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  • Refunds: Sep 22, 2022
  • Credit to Demat accounts: Sep 23, 2022
  • Listing: Sep 26, 2022

About Harsha Engineers

Harsha Engineers IPO date is fixed, the IPO is to open on September 14, 2022 and will close on September 16, 2022. Harsha Engineers IPO to raise around ₹755 crores via IPO that comprises fresh issue of ₹455 crores and offer for sale up to ₹300 crores of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.

Harsha Engineers International Limited aka Harsha is one of the largest manufacturers of precision bearing cages in the organized sector in India. The company was incorporated in 2010. The company is a part of the Harsha Group. 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.

They have their manufacturing facilities at Changodar and Moraiya, near Ahmedabad in Gujarat in India. They also have a production facility through a subsidiary in Changshu, China, and a step-down subsidiary in Ghimbav Brasov in Romania. They have two segments of businesses – The engineering business and the Solar EPC business. They supply their products in the industries such as automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, and renewables sectors. The company has good relationships with its leading clients. They are the experts in tooling, design development, and automation.

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Disclaimer:

– IPO Grey Market Premium (Harsha Engineers IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing the premium Price as it may change anytime before listing. Subscribe only considering the Fundamentals of the companies.

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