Harsha Engineers' IPO subscribed 19% at the start of Day 1

14 Sep 2022 , 10:41 AM

On September 14 at 10:40 am, 0.19 times subscription applications have been made to Harsha Engineers IPO. By September 14, 2022, the public offering has received 0.32 times the retail subscriptions, 0.00 times the QIB subscriptions, and 0.13 times the NII subscriptions.

The IPO lot size for Harsha Engineers is 45 shares. An individual retail investor may apply to up to 13 lots (585 shares, or 193,050).

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 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.

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