Harsha Engineers' IPO receives 57.37 times subscription applications, a few hours before its closing

16 Sep 2022 , 03:02 PM

By September 16 at 03:04 p.m., Harsha Engineers’ IPO was subscribed 57.37 times. Retail category subscription stood at 16.18 times, the QIB category at 124.33  times, and the NII category at 65.33 times.

The IPO lot size for Harsha Engineers is 45 shares. An individual retail investor may apply for up to 13 lots. The IPO opened for subscription on September 14, 2022, and ends on September 16, 2022. 

16,863,795 equity shares were issued in the public offering of Harsha Engineers. The offering includes 3,594,780 shares for non-institutional investors, 4,792,950 shares for qualified institutional buyers, and 8,387,730 shares for retail investors.

Harsha Engineers International Limited, founded in 2010, is India’s largest maker of precise bearing cages in terms of revenue in the organized sector. The business belongs to the Harsha Group. Customers can purchase the company’s goods in approximately 25 nations across the five continents of North America, Europe, Asia, South America, and Africa.