Ritika
Harsha Engineers IPO: Bearing cage maker Harsha Engineers will enter the stock market tomorrow, September 26. The firm’s ₹755 crore IPO is the most subscribed public challenge for the present 12 months. Qualified institutional consumers wager closely in the IPO. At the similar time, retail and excessive web price traders additionally capitalized on the challenge strongly. Overall, the IPO obtained 74.70 oversubscriptions. Presently, the GMP price of the challenge is ₹170 per fairness share. Shares of Harsha Engineers will be listed on BSE and NSE on Monday.
Harsha Engineers IPO GMP
According to IPO Watch, the GMP for an IPO in the gray market is ₹170. This means Harsha Engineers can get listed on the stock exchanges at ₹500 per fairness share. The itemizing price is ₹330 per share and ₹170 per share in the higher band of the IPO by including each the GMP price.
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Harsha Engineers IPO Details
The price band of the IPO was ₹314 and ₹330 per fairness share. The IPO was launched on 14 September and was subscribed until 16 September. The IPO obtained 74.70 instances subscription on the final day of the challenge.
