Harsha Engineers International IPO GMP History
Harsha Engineers International IPO has been listed on September 26, 2022 at a listing price of ₹450, against the issue price of ₹330 — a gain of ₹120 (+36.36%). The GMP peaked at ₹225 on 16 September 2022 and reached a low of ₹150 on 23 September 2022. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
Harsha Engineers International IPO raised ₹755 Cr. through its IPO at a price band of ₹314 to ₹330 per share, with a lot size of 45 shares. The IPO was open for subscription from 14 Sep 2022 to 16 Sep 2022.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 11:32 AM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 24 Sep 2022 | ₹ 160 | ▲ | 48% | — | — |
| 23 Sep 2022 | ₹ 150 | — | 45% | — | — |
| 22 Sep 2022 | ₹ 150 | ▼ | 45% | — | — |
| 21 Sep 2022 | ₹ 180 | ▼ | 55% | — | — |
| 20 Sep 2022 | ₹ 200 | ▼ | 61% | — | — |
| 19 Sep 2022 | ₹ 220 | — | 67% | — | — |
| 17 Sep 2022 | ₹ 220 | ▼ | 67% | — | — |
| 16 Sep 2022 | ₹ 225 | ▲ | 68% | — | — |
| 15 Sep 2022 | ₹ 210 | ▲ | 64% | — | — |
| 14 Sep 2022 | ₹ 200 | — | 61% | — | — |
| 13 Sep 2022 | ₹ 200 | — | 61% | — | — |
| 12 Sep 2022 | ₹ 200 | ▲ | 61% | — | — |
| 09 Sep 2022 | ₹ 170 | — | 52% | — | — |
Harsha Engineers International IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 14 Sep 2022
- Close 16 Sep 2022
- Allotment 21 Sep 2022
- Refund/credit 22 Sep 2022
- Listing 26 Sep 2022
Harsha Engineers International IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹330 |
|---|---|
| GMP-based estimate (pre-listing) | ₹490 (+48.5%) |
| Listing gain / loss | +₹120 per share |
| Listing date | 26 Sep, 2022 |
| Actual listing price | ₹450 (+36.36%) |
Is Harsha Engineers International IPO GMP reliable?
Grey market premium for Harsha Engineers International IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the Harsha Engineers International IPO full review for a fundamentals-based assessment before making any grey market trades.
Harsha Engineers International IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for Harsha Engineers International IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About Harsha Engineers International IPO
Harsha Engineers International Limited was incorporated as a private company on 11 December 2010 and is part of the Harsha Group. It is the largest maker of precision bearing cages by revenue in India's organised sector.
Its engineering business makes bearing cages in brass, steel and polyamide, complex precision stamped components, welded assemblies, brass castings, cages and bronze bushings. Its solar EPC business offers turnkey solar photovoltaic projects and operations and maintenance.
It supplies customers in over 25 countries across North America, Europe, Asia, South America and Africa.
The IPO was Rs 755 crore, with Rs 455.10 crore of fresh issue and Rs 299.90 crore of offer for sale by promoters and the promoter group. Rs 270.00 crore of the fresh issue was planned for repaying borrowings and Rs 77.95 crore for machinery.
Frequently asked
What is the GMP of Harsha Engineers International IPO?
The current Grey Market Premium (GMP) of Harsha Engineers International IPO is ₹ 160.
What is the Kostak Price of Harsha Engineers International IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for Harsha Engineers International IPO is not available.
What is the Subject to Sauda Price of Harsha Engineers International IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of Harsha Engineers International IPO?
Harsha Engineers International IPO listed on September 26, 2022 at ₹450, against the issue price of ₹330 — a gain of +36.36%.
How did the GMP of Harsha Engineers International IPO trend before listing?
The GMP of Harsha Engineers International IPO was rising in its final days before listing. The GMP peaked at ₹225 on 16 September 2022. View the day-wise table above for the complete GMP history.
Explore Harsha Engineers International IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
