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Harsha Engineers IPO subscribed 4.89 times at the start of day 2

15 Sept 2022 , 12:12 PM

On September 15 at 11:34 a.m., Harsha Engineers' IPO was subscribed 4.89 times. Retail category subscription stood at 5.19 times, the QIB category at 0.09 times, and the NII category at 10.60 times.

The IPO lot size for Harsha Engineers is 45 shares. An individual retail investor may apply to 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.

Related Tags

  • Harsha Engineers
  • initial public offering
  • IPO
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