Harsha Engineers IPO award date: Harsha Engineers IPO (IPO) was subscribed 74.70 times in the last day. The three-day IPO of Harsha Engineers International Limited, one of India’s largest manufacturers of precision bearing cages in the organized sector, closed on September 16. Against a total number of 1,68,63,795 shares on offer, bids were made for a whooping 1,25,96,90,175 shares on the final day. Furthermore, the retail category was booked 17.6 times, the NII quota was subscribed 71.3 times, and the QIB part recorded a massive subscription of 178.26x last Friday.
HEIL caters to customers who are the world’s leading manufacturers of bearings in the automotive, railroad, aviation and aerospace, construction, mining, agriculture, electricity and electronics, renewable energies. The company supplies its products to customers in more than 25 countries, spanning five continents, namely North America, Europe, Asia, South America and Africa.
Harsha Engineers IPO Allowance:
The allocation status of Harsha Engineers IPO shares can be checked online in two ways: one on the BSE and the other via the IPO Registrar (Link Intime )
How to Check Harsha Engineers IPO Share Award Status on BSE
Step 1: Go to https://www.bseindia.com/investors/appli_check.aspx.
Step 2: Select the “equity” option, then the issue name – “Harsha Engineers”
Step 3: Enter your application number and your PAN card number.
Step 4: Check “I’m not a robot” and hit submit to know the status.
Verification of Allocation Status of Harsha Engineers IPO Shares on Link Intime India Private Limited
September 1: Go to https://www.linkintime.co.in/MIPO/Ipoallotment.html
Step 2: Enter the name of the issue (Harsha Engineers), once activated
Step 3: Enter Pan card details
Step 4: Go to the next step and enter the request number and finally the client ID
Step 5: After filling in all the boxes with the correct details, click Submit to find out the status of the awards.
Harsha Engineers IPO Award Date, Listing Date – Full Timeline
Harsha Engineers IPO opening date: September 14, 2022
Harsha Engineers IPO closing date: September 16, 2022
Harsha Engineers IPO Award Date: September 21, 2022
Harsha Engineers IPO Redemption Open Date: September 22, 2022
Finalization of Harsha Engineers IPO share allocation: September 23, 2022
Harsha Engineers IPO date: September 26, 2022.
Dates are from Upstox discount broker.
The total size of the IPO was kept at Rs 755 crore, which included a new issue of Rs 455 crore and an open offer to sell of Rs 300 crore. According to Harsha Engineers International Limited DRHP, the company had set a price range of Rs 314-330 for the issuance. The IPO lot included 45 shares and a multiple thereof.