This week will get a chance to earn from IPO! Investors will be able to place bets from 14-16 September and know the latest GMP
The Initial Public Offering (IPO) of Harsha Engineers International Limited will be open for subscription on 14 September 2022. This issue will be open for subscription till 16 September 2022.
Harsha Engineers IPO:
The Initial Public Offering (IPO) of Harsha Engineers International Limited will be open for subscription on 14 September 2022. This issue will be open for subscription till 16 September 2022.
The allotment of the IPO will take place on September 21. Harsha Engineers IPO will be listed on NSE and BEST on the 26th of September. The price band of this IPO has been fixed at ₹314 to ₹330 per equity share. The shares of the company will be listed on both BSE and NSE. Meanwhile, there is a lot of bullishness in the gray market regarding the IPO of Harsha Engineers. According to market experts, the GMP (Grey Market Premium) of Harsha Engineers IPO today stands at ₹200. Let’s know the details about this issue…
Harsha Engineers IPO Details
| Harsha Engineers IPO Date | Sep 14, 2022, to Sep 16, 2022 |
| Harsha Engineers IPO Face Value | ₹10 per share |
| Harsha Engineers IPO Price | ₹314 to ₹330 per share |
| Harsha Engineers IPO Lot Size | 45 Shares |
| Issue Size | [.] shares of ₹10 (aggregating up to ₹755.00 Cr) |
1. Harsha Engineers IPO GMP: According to market experts, the shares of Harsha Engineers are available today at a premium of ₹ 200 in the gray market.
2. Harsha IPO subscription: Harsha IPO issue will open on 14th September 2022 and will be open on 16th September 2022.
3. Harsha Engineers IPO price band: The company has fixed its offer price from ₹ 314 to ₹ 330 per equity share.
4. Harsha Engineers IPO Size: The company aims to raise ₹755 crore, of which ₹300 crore is through OFS.
5. Harsha Engineers IPO lot size: One can apply for IPO in a lot and one public issue will consist of 45 company shares.
6. Harsha Engineers IPO allotment date: The tentative date of share allotment is 21st September 2022.
Harsha Engineers IPO TimeTable
| Event | Date |
|---|---|
| Harsha Engineers IPO Opening Date | Sep 14, 2022 |
| Harsha Engineers IPO Closing Date | Sep 16, 2022 |
| Basis of Allotment | Sep 21, 2022 |
| Initiation of Refunds | Sep 22, 2022 |
| Credit of Shares to Demat | Sep 23, 2022 |
| Harsha Engineers IPO Listing Date | Sep 26, 2022 |
7. Harsha Engineers IPO financials: Revenue from operations of the Ahmedabad-based company grew by 51.24 percent to ₹1321.48 crores for FY 2022 from ₹873.75 crores for FY21. Profit after tax grew 102.35 percent to Rs 91.94 crore for FY 2022 from Rs 45.44 crore for FY 2021, due to an increase in its revenue from operations from the engineering business.
Amount in ₹ Crore
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-19 | 195 | 117.9 | -27.41 | 1.41 |
| 31-Mar-20 | 973.24 | 899.5 | 21.91 | 378.02 |
| 31-Mar-21 | 981.07 | 876.73 | 45.44 | 433.22 |
| 31-Mar-22 | 1158.25 | 1339 | 91.94 | 527.9 |
8. Harsha Engineers IPO Lead Managers: Axis Capital Limited, Equirus Capital Private Limited, and JM Financial Limited are the Book Running Lead Managers of the issue.
9. Harsha Engineers IPO registrar: Link Intime India Private Limited has been appointed as the Official Registrar of Public Issues.
10. Harsha Engineers IPO listing: The issue is proposed for listing on both NSE and BSE.
11. Harsha Engineers IPO listing date: The tentative date of the IPO listing is 26 September 2022.
Check IPO Allotment Status |
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Link Intime Website:https://linkintime.co.in/PublicIssue/ BSE IPO Website: |
