Harsha Engineers IPO Listing : Presently the GMP price of the issue is Rs 170 per equity share. Shares of Harsha Engineers will be listed on BSE and NSE on Monday.
Harsha Engineers IPO Listing : If you want to earn good profits, then you can invest in Harsha Engineers IPO to get good returns, because to give you good profits, the country’s largest bearing cage maker Harsha Engineers (Harsha Engineers International) has a share market today. Listing is going on. The company’s IPO of Rs 755 crore is the most subscribed public issue for the current year. While qualified institutional buyers bet heavily in the IPO, retail and high net worth investors also capitalized on the issue strongly. Overall, the IPO has got 74.70 oversubscriptions.
Presently the GMP price of the issue is Rs 170 per equity share. Shares of Harsha Engineers will be listed on BSE and NSE on Monday. Let us tell you that the company’s IPO got a good response from the investors. According to NSE data, bids for 125.96 shares have been received against 1.68 crore share offers. QIBs share was filled 178.26 times, while NIIs share was filled 71.32 times.
Listing can be great
Ayush Aggarwal, Senior Research Analyst, Swastik Investmart Ltd. says that the company’s stock can surprise the market and make a great start with listing above its gray market premium. Along with this, he said that the fundamentals of the company are strong. Also the company is a proxy play for India to become a global manufacturing hub. Our recommendation to the investors is to keep the allotted shares with them and long term investors can deposit the stocks on the downside.
This is the business of the company
Harsha Engineers is a part of Harsha Group formed in 1986. Harsha Group has over 35 years of experience in the engineering business. Started as a Private Limited Company on 11th December 2010. The company is the largest manufacturer of precision bearing cages in terms of income in the organized sector of the country. More than 13 years of experience in precision engineering business of bearing and stamped components. Responsible for the strategic direction, marketing and corporate functions of the Harsha Group. It has 50-60% market share in the organized bearing cage segment of the country. Brass, steel and polyamide bearing cages account for 6.5% of the global organized market.
How to check allotment
The share allotment investors of Harsha Engineers can check the BSE website and the link on the website of Intime India Pvt Ltd. To check share allotment on BSE website, first of all visit https://www.bseindia.com/investors/appli_check.aspx. Will have to go to the link. After this, Harsh Engineers will have to be selected in the issue name. After this you have to enter the PAN card number. Similarly, you can also check allotment on the website of Link Intime India Private Limited. Any bidders who have not been allotted shares will start getting refund from September 22. If you want to invest then you will be able to invest easily.
Source: www.tv9hindi.com”