Harsha Engineers IPO GMP

2022 - 9 - 14

Harsha Engineers -- Harsha Engineers IPO Harsha Engineers - Harsha Engineers IPO

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Image courtesy of "The Indian Express"

Harsha Engineers IPO: Offer fully subscribed within hours of ... (The Indian Express)

The issue opened for public subscription at 10 am and was subscribed 1.64 times as of 2:36 pm. It received total bids for 2,76,14,745 shares across both the ...

Investors who wish to subscribe to Harsha Engineers IPO can bid in a lot of 45 equity shares and multiples thereafter. Harsha Engineers International is the largest manufacturer of precision bearing cages in India (brass/steel/polyamide) with 50-60 per cent market share in the organized market. Harsha Engineers IPO consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer-for-sale (OFS) of up to Rs 300 crore by existing shareholders. Given growth recovery in auto/auto ancillary and strong momentum in the midcaps, we expect the IPO to do well. The industry average PE multiple is of 50.98X of FY22 revenue. The issue opened for public subscription at 10 am and was subscribed 1.64 times as of 2:36 pm.

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Image courtesy of "Zee Business"

Highlights: Harsha Engineers IPO subscription status Day 1 ... (Zee Business)

Harsha Engineers IPO subscription Live: The initial public offering (IPO) of Harsha Engineers International Limited that opened for subscription on ...

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Image courtesy of "Business Insider India"

Harsha Engineers IPO opens today; grey market premium is at ₹210 (Business Insider India)

The initial public offering (IPO) of the Ahmedabad-based manufacturer is all set to raise ₹755 crore through this IPO.The company's profit grew by over ...

₹21 crore ₹899 crore ₹45 crore ₹876 crore ₹91 crore ₹1,339 crore

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Image courtesy of "Livemint"

Harsha Engineers IPO: GMP, subscription status on day 2 of the ... (Livemint)

As per market observers, Harsha Engineers shares are available at a premium (GMP) of ₹203 in the grey market today. The company's shares are expected to list ...

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Image courtesy of "News18"

Harsha Engineers IPO Day 2: GMP, Subscription, Valuation, Other ... (News18)

Harsha Engineers IPO got fully subscribed on the first day of subscription. Should you subscribe on day 2?

[IPO](https://www.news18.com/topics/ipo/) Subscription Day 2: Harsha Engineers IPO got fully subscribed on the first day of subscription. The industry average PE multiple is of 50.98X of FY22 revenue. As a part of the OFS, Harish Rangwala (up to Rs 75 crore), Rajendra Shah (up to Rs 66.75 crore), Pilak Shah (up to Rs 16.5 crore), Charusheela Rangwala (up to Rs 75 crore) and Nirmala Shah (up to Rs 66.75 crore) will offload shares, according to the information provided in the red herring prospectus (RHP). “In terms of valuations, the post-issue P/E works out to 32.7x FY22 EPS (at the upper end of the issue price band). HEIL has diverse product portfolio and strong expertise; we believe that these positives are yet to be factored in the valuations commanded by the company. Harsha Engineers IPO consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer-for-sale (OFS) of up to Rs 300 crore by existing shareholders.

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Image courtesy of "Economic Times"

Early trends suggest Harsha Engineers may see gravity-defying listing (Economic Times)

Securities' Rs 461. However, the brokerage believes that the fair value of the stock is Rs 406 apiece, whereas in the worst case, it sees shares of Harsha ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). If one is looking to buy post listing, be wary of the valuations," Doshi said. These signals will continue to change till the company gets listed. Likewise, for the bear case, it assumes FY25 revenue of Rs 1,800 crore (FY22-25 CAGR of 10.9 per cent) and a PAT margin of 8 per cent, which will result in a price target of Rs 277 per share. Ventura Securities has assumed FY25 revenue of Rs 2,400 crore (FY22-25 CAGR of 22 per cent) and PAT margin of 10 per cent, which will result in a bull case price target, the brokerage said. The stock price of Harsha Engineers in the grey market (Rs 550-560) is also above the bull case projection of

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Image courtesy of "HuntDailyNews.in"

Price band Rs 314-330 per share, lot size of 45 shares; You can get ... (HuntDailyNews.in)

The Initial Public Offer (IPO) of Harsha Engineers International Limited (HEIL) has become open for public subscription from today i.e. Wednesday (September ...

Meaning when you buy shares of a company, you are the owner of the purchased part of that company. After entering the stock market, buying and selling of shares of the company can be done in the stock market. Once the company’s shares are allowed to trade, then they can be bought and sold. This IPO is issued by companies so that they can come in the stock market. According to the gray market price (GMP), it can be listed at Rs 540 in terms of the upper price band of Rs 330. The company will use Rs 270 crore out of the fresh issue proceeds for debt payments. This company also provides engineering products in the field of construction mining. Harsh Engineers’ revenue from operations has grown by 51.24% to Rs 1,321.48 crore for FY 2022 from Rs 873.75 crore in FY21. Apart from this, 35% share is reserved for retail investors and the remaining 15% for non-institutional investors (NIIs). These shares sold by the promoter are offered for sale to the public. This includes fresh issue of equity shares valued at Rs 455 crore and offer-for-sale (OFS) of up to Rs 300 crore to existing shareholders. The price band of HEIL’s IPO is Rs 314 to 330 per equity share.

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Image courtesy of "Hindustan Times"

Harsha Engineers IPO share allotment status online; Check GMP ... (Hindustan Times)

The initial public offer (IPO) of Harsha Engineers which opened for subscription on Wednesday, September 14 got fully subscribed on the first bidding day.

You will be able to see the Harsha Engineers IPO allotment status displayed on the screen. Once the share allotment status of Harsha Engineers IPO is finalised investors will be able to check it online on BSE's website and the official website of the registrar of the IPO- Link Intime India Private Ltd. Select Harsha Engineers IPO in the menu. Hide online status feature to roll out soon](/tech/news/relief-whatsapp-privacy-gets-a-boost-hide-online-status-feature-to-roll-out-soon-71663067133862.html) [ After iPhone 14, Android phones may get Dynamic Island too, says report](/tech/news/after-iphone-14-android-phones-may-get-dynamic-island-too-says-report-71662972146871.html) [Gaming](/gaming) [ Nintendo Surges After Record Debut of New Switch Game- Splatoon 3](/gaming/news/nintendo-surges-after-record-debut-of-new-switch-game-splatoon-3-71663066071251.html) [ After crackdown by India, BGMI rushes to change location of controversial servers, says report](/gaming/news/after-crackdown-by-india-bgmi-rushes-to-change-location-of-controversial-servers-says-report-71662896481481.html) [ Roblox Boasts of Its Popularity in Russia Even as Rival Games Have Left After Ukraine War](/gaming/news/roblox-boasts-of-its-popularity-in-russia-even-as-rival-games-have-left-after-ukraine-war-71662792331078.html) [ Free Fire Max tips and tricks: 3 ways to get free diamonds](/gaming/news/free-fire-max-tips-and-tricks-3-ways-to-get-free-diamonds-71662645848323.html) [ Xbox brings exciting games in September 2022; Check the list of games](/gaming/news/xbox-brings-exciting-games-in-september-2022-check-the-list-of-games-71662378360345.html) [ Realme Buds Air 3S Review: Sounds nice, looks cute](/wearables/reviews/realme-buds-air-3s-review-sounds-nice-looks-cute-71663217887891.html) [ boAt Airdopes 131 Batman DC Edition review: The one we need right now!](/wearables/reviews/boat-airdopes-131-batman-dc-edition-review-the-one-we-need-right-now-71663134964279.html) [ Motorola Edge 30 Ultra is more mind blowing than just its 200MP camera! The initial public offer (IPO) of Harsha Engineers which opened for subscription on Wednesday, September 14 got fully subscribed on the first bidding day. Check how](/how-to/iphone-user-do-you-know-you-can-translate-any-text-using-the-camera-check-how-71661516410585.html) Know what happens](/how-to/instagram-now-lets-you-take-more-control-over-what-you-see-know-what-happens-71662179017155.html) [ Know how to add your signature in PDF document in simple steps](/how-to/know-how-to-add-your-signature-in-pdf-document-in-simple-steps-71661760199441.html) [ iPhone user? Those who get lucky during the draw will be looking to check Harsha Engineers IPO share allotment status online. Have you subscribed for the Harsha Engineers IPO yet? [Tips & Tricks](/how-to) [ Send animated effects in messages on iPhone; here is how](/how-to/send-animated-effects-in-messages-on-iphone-here-is-how-71661572699992.html) [ Did you forget WiFi password on your phone? The public offer will be closing for subscription on September 16.

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