On Friday, September 16, Harsha Engineers Limited’s initial public offering closed with a subscription rate of 74.7 times. In contrast to the 1.69 crore shares available for purchase, the issue got bids for 125.97 crore shares, according to statistics posted on the Bombay Stock Exchange (BSE) on Friday at the close. One of the best investor reactions this year has been to the Harsha Engineers IPO. After three days of bidding, the offer, which went up for a subscription on Wednesday, September 14, concluded on Friday, September 16. We will go over all the details of Harsha Engineers IPO in this article. Read this article to get complete information.
Harsha Engineers IPO Allotment Status
On Wednesday, September 22, the basis of allotment for Harsha Engineers International’s Rs 755-crore IPO, which received 71.32 times as many subscriptions on the final day of bidding, is set to be decided. Both the part set aside for qualified institutional buyers and the share for non-institutional investors received 178.26 and 71.32 subscriptions, respectively. The component for regular investors received a 17.63 times subscription. The pricing range for the IPO shares was Rs 314–330 per share. On September 26, 2023, the equity shares are anticipated to list on the BSE and NSE. Equity shares will be credited to allottees’ Demat accounts on September 23, 2023, while refunds or unblocking of monies from ASBA accounts will begin on September 22.
Harsha Engineers International operates on the black market. According to those who trade in unlisted shares of the company, Harsha Engineers International IPO shares were fetching a premium in the grey market between Rs 220-240 versus the IPO price of Rs 330 per share. Through the websites of the registrar and BSE, IPO investors can check the status of the IPO allotment. Link Intime India Private Ltd, a company registered with SEBI, is in charge of processing the IPO allotment and refunds.
Harsha Engineers IPO Form
You can use ASBA, available in your bank account, to apply for the IPO. Use the online banking system and choose the Harsha Engineers IPO under the Invest section to apply using your bank account. The alternative is to use forms that may be downloaded from NSE and BSE to apply for the Harsha Engineers IPO. Browse the Harsha Engineers forms on the BSE and NSE websites, fill them out, and submit them to your bank or your broker.
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When will the Harsha Engineers IPO subscription begin?
Beginning on September 14, 2023, QIB, NII, and retail investors can subscribe to the IPO.
How do I subscribe to the IPO of Harsha Engineers?
For a subscription, you have the choice between ASBA and Non-ASBA alternatives. Visit your bank account to apply for an IPO online through ASBA, download the form, or obtain a printed copy to fill out and return to your broker or bank.
How can I view the current subscription numbers for the IPO?
Visit our webpage to view real-time IPO subscription data, which we update hourly from the official websites. On the specific IPO page of the official websites, one can verify the live subscription.
How do I use Zerodha to apply for the Harsha Engineers IPO?
Log in to the Zerodha application or website console. Click on IPO under Portfolio. The IPO Name will be shown. Select the “Bid” button. your UPI ID, the quantity, and the price. submit your IPO application. Go to your BHIM app or UPI app on Net Banking now to approve the mandate. Through Zerodha, open a Demat account.
How do I apply for the Upstox version of the IPO?
Using your login information, access the Upstox Application. Decide on the IPO. The IPO name will be shown. Select the “Bid” button. Verify the application. Go to your BHIM app or UPI app on Net Banking now to approve the mandate. Demat Account with Upstox Open.
What is the IPO Allotment Date for Harsha Engineers?
The date of the IPO allocation is September 21, 2023.
What is the IPO listing date?
The IPO listing date is September 26, 2023. NSE and BSE will both list the IPO.