Harsha Engineers’ IPO receives 57.37 times subscription applications, a few hours before its closing

By September 16 at 03:04 p.m., Harsha Engineers’ IPO was subscribed 57.37 instances. Retail class subscription stood at 16.18 instances, the QIB class at 124.33  instances, and the NII class at 65.33 instances.

The IPO lot dimension for Harsha Engineers is 45 shares. A person retail investor could apply for as much as 13 heaps. The IPO opened for subscription on September 14, 2022, and ends on September 16, 2022. 

16,863,795 fairness shares have been issued within the public providing of Harsha Engineers. The providing contains 3,594,780 shares for non-institutional traders, 4,792,950 shares for certified institutional consumers, and eight,387,730 shares for retail traders.

Harsha Engineers Worldwide Restricted, based in 2010, is India’s largest maker of exact bearing cages when it comes to income within the organized sector. The enterprise belongs to the Harsha Group. Prospects can buy the corporate’s items in roughly 25 nations throughout the 5 continents of North America, Europe, Asia, South America, and Africa.