Harsha Engineers' IPO receives 1.67 times subscription applications at the end of Day 1

14 Sep 2022 , 02:58 PM

On September 14 at 3:00 pm, Harsha Engineers’ IPO received 1.67 times as many subscriptions. By September 14, 2022, the public issue had received 2.15 times the retail category’s subscriptions, 0.01 times those of QIB, and 2.79 times that of NII.

The IPO lot size for Harsha Engineers is 45 shares. An individual retail investor may apply to up to 13 lots (585 shares).

The IPO for Harsha Engineers begins on September 14, 2022, and ends on September 16, 2022. The company’s IPO bid date is set for September 14, 2022, from 10:00 a.m. till September 16, 5 p.m. 2022. 12 PM is the deadline for UPI mandate confirmation on the day after the issue’s closing.

16,863,795 equity shares are being 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.

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