Harsha Engineers IPO Allotment Date: Harsha Engineers IPO (initial public offering) was subscribed 74.70 times on the last day. The three-day IPO of Harsha Engineers International Limited, one of the largest manufacturers of precision bearing cages in organised sector in India, closed on September 16. Against total number of 1,68,63,795 shares on offer, the bids were made for a whooping 1,25,96,90,175 shares on the last day. Besides, the retail category was booked 17.6 times, NIIs quota was subscribed 71.3 times and QIBs portion saw a massive 178.26x subscription last Friday.
HEIL caters to customers who are leading global bearing manufacturers in the automotive, railways, aviation & aerospace, construction, mining, agriculture, electrical and electronics, renewables sectors. The company supplies its products to customers in over 25 countries, covering five continents i.e., North America, Europe, Asia, South America and Africa.
Harsha Engineers IPO Allotment:
Harsha Engineers IPO share allotment status can be checked online via two ways—one on the BSE and another through registrar to the IPO (Link Intime)
How to check Harsha Engineers IPO Share Allotment Status on BSE
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.
Step 2: Select ‘equity’ option and then issue name – ‘Harsha Engineers’
Step 3: Enter your application number and PAN card number.
Step 4: Check ‘I am not a robot’ and hit submit to know the status.
Harsha Engineers IPO Share Allotment Status Check on Link Intime India Private Limited
Sep 1: Go to https://www.linkintime.co.in/MIPO/Ipoallotment.html
Step2: Enter the issue name (Harsha Engineers), once activated
Step 3: Enter Pan Card details
Step 4: Proceed to the next step and enter the application number and finally client ID
Step5: After filling all the boxes with the right details, hit submit to know the allotments status.
Harsha Engineers IPO allotment date, listing date—Full Timeline
Harsha Engineers IPO Open Date: September 14, 2022
Harsha Engineers IPO Closing Date: September 16, 2022
Harsha Engineers IPO Allotment Date: September 21, 2022
Harsha Engineers IPO Refund Initiation Date: September 22, 2022
Harsha Engineers IPO Share Allotment Finalisation: September 23, 2022
Harsha Engineers IPO Listing Date: September 26, 2022.
Dates are as per discount broker Upstox.
The total IPO size was kept at Rs 755 crore, which comprised a fresh issue of Rs 455 crore and an open offer for sale of Rs 300 crore. As per Harsha Engineers International Limited DRHP, the company had fixed a price band of Rs 314-330 for the issue. The IPO lot comprised 45 shares and in multiple thereof.