Harsha Engineers International IPO
Engineering/Bearings - Listed on 26 September 2022
Harsha Engineers International IPO listing summary
Harsha Engineers International (Engineering/Bearings) closed its IPO window in 2022 and listed on NSE and BSE on 26 September 2022 at an upper band issue price of Rs 330, opening at Rs 486.49 for a listing gain of +47.4% and closing day one at Rs 486.5 (+47.4% on closing basis). The IPO was subscribed 4.50x overall - QIB 7.46x, HNI/NII 1.02x, Retail 0.83x. The total issue size was Rs 3,500 Cr (Fresh Issue Rs 2500 Cr, OFS Rs 1000 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Harsha Engineers International IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 200 | +60.61% |
| Day 2 | Rs 200 | +60.61% |
| Day 3 | Rs 200 | +60.61% |
| Day 4 | Rs 210 | +63.64% |
| Day 5 | Rs 225 | +68.18% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Harsha Engineers International IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Harsha Engineers International IPO - FAQs
What was the listing gain of Harsha Engineers International IPO?
Harsha Engineers International IPO listed at +47.4% versus the upper issue price of Rs 330 on 26 September 2022.
How many times was Harsha Engineers International IPO subscribed?
Harsha Engineers International IPO was subscribed 4.50x overall. QIB portion was subscribed 7.46x, HNI / NII 1.02x and Retail 0.83x.
What was the IPO GMP for Harsha Engineers International?
IPO GMP started at Rs 200 on Day 1 and moved to Rs 225 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.