Get every insight of Harsha Engineering IPO

Harsha Engineering IPO: As published by Harsha Engineering, the IPO allotment is finalized today 21 September. The IPO was open from September 14 to September 16 2022. The issue was subscribed 74.70 times on the last day. As updated by Bombay Stock Exchange (BSE), Harsha Engineering IPO received 1,25,96,90,175 against 1,68,63,795 shares. The IPO was subscribed 10.35 times on the second day. Investors have shown huge interest in the IPO. Which is why Harsh Engineering IPO is grey market premium (GMP) is around Rs 200. This means that the grey market is expecting listing of Harsh Engineering share at price of 530 (330 + 200).

The lot size of Harsha Engineers International Ltd IPO was 45 shares. The Harsh Engineering IPO can benefit the investors more than 60% if we calculate the return based on GMP. On Wednesday Harsha Engineering will announce the IPO allotment status. The qualified institutional buyers’ (QIBs’) portion got subscribed 178.26 times, while non-institutional investors’ category received 71.32 times subscription. The quota for retail individual investors (RIIs) got subscribed 17.63 times. The IPO was fully subscribed on the first day of issuance (September 14).

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The Harsha Engineering IPO of up to Rs. 755 crore had a fresh issue of up to Rs. 455 crore and an offer for sale of up to Rs. 300 crore. The price range for the offer was decided by the company at Rs. 314-330 per share.

How to check the share allotment status on BSE

See the step-by-step process to check the allotment Status

• Go to the https://www.bseindia.com/investors/appli_check.aspx
• Select ‘Equity’ option and issue name – Harsha Engineers International Ltd
• Enter your application number and PAN (Permanent Account Number) details
• Check CAPTCHA and click submit
• The opened window will show you the status of Share allotment of Harsha Engineering IPO.

Check the status with registrar responsible for complying with the timelines for updating the electronic credit of shares to successful applicants

•  Go to the web portal of Link Intime India Private Limited https://linkintime.co.in/MIPO/Ipoallotment.html
• Select the IPO in dropbox
• Select either one of the three modes: Application number, Client ID or PAN ID
• In application type, select between ASBA and non-ASBA
• Enter the details of the mode you selected in Step 2
• For security purposes, fill the captcha accurately
• Finally Submit the details

Details of the IPO

• The lot size of Harsha Engineers IPO was 45 shares
• Total investment for one lot application was Rs 14,850.
• A retail individual investor could submit bids for up to 13 lots or 585 shares by spending Rs 1,93,050.
• Axis Capital Limited, Equirus Capital Private Limited and JM Financial Consultants were the lead managers of the IPO.

Also Read | 6 things you Must know before share market opens

Particular	Details
Company’s revenue from operations	Increased by 51.24 per cent to Rs 1,321.48 crore for fiscal 2022, from Rs 873.75 crore for fiscal 2021
profit after tax	Increased to Rs 91.94 crore for fiscal 2022, from Rs 45.44 crore for fiscal 2021.
PE ratio	32.67
Net Asset Value	68.3 Cr

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