Engineering/Bearings - Listed on 26 September 2022
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.
Engineering/Bearings
Harsha Engineers International operates in the Engineering/Bearings space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Harsha Engineers International issue was offered at an upper price of Rs 330 and raised approximately Rs 3,500 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
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% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
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 listed at +47.4% versus the upper issue price of Rs 330 on 26 September 2022.
Harsha Engineers International IPO was subscribed 4.50x overall. QIB portion was subscribed 7.46x, HNI / NII 1.02x and Retail 0.83x.
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.