Get to know Harsha Engineers Limited IPO GMP Today, Lot Size, and Share Price from the necessary details provided here. Harsha Engineers Limited is one of India’s top bearings companies, with a decent market share in today’s scenario. So if you want to invest your hard-earned money, we recommend Harsha Engineers Limited. Find more relevant details of IPO from here.
Harsha Engineers Limited IPO GMP Today
Harsha Engineers Limited, yes, you got that right. Today, we will discuss the leading bearings manufacturer and seller across borders! The company covers approximately 50% of the Indian market shares in the bearings market and around 5% in the global market.
The Initial Public Offering (IPO) is currently fluctuating for precision bearing cages. The market for this trade will begin on September 14 and close on September 16. As of today, the IPO is ₹150, and it is expected that the prices will be going to be stabilised within the next week. And for premium, it is near about ₹250. The total IPO size for the company as of today is around 750 crores.
|Date||Day-wise IPO GMP||Kostak||Subject to Sauda|
|9 Sep 2022||170||500||5,000|
About Harsha Engineers Limited
The founding members of Harsha Engineers Limited are Rajendra Shah and Harish Rangwala. They thought of starting this firm in 1986 with an aim to provide engineering to the different industrial sectors. These mainly include automotive, renewable energy, aerospace, railways, agriculture, and more.
|Harsha Engineers Limited IPO Details|
|IPO Dates||14 – 16 September 2022|
|Share Price||INR314 – 330 per share|
|Current Offer||INR300 crore|
|IPO size||INR755 crore|
|Lot Size||45 shares (approximately)|
|Retail Percentage||Around 35%|
If we talk about the current scenario of the company, so it is supplying the products to the 5 continents. These are Asia, North America, Africa, South America, and Europe. The reporters suggest that there are two significant businesses; Solar EPC and engineering works. Both of them are getting a good trade in the market. Harsha Engineers Limited is serving 25 countries in the world meaning it has a good market value. So if you are looking for the ultimate bearings and solar solutions, you must invest in Harsha Engineers Limited!
The company recorded a profit of Rs 91.94 crore on revenue of Rs 1321.48 crore as calculated during the financial year ending on March 2022. The existing lot size is approximately ₹755.00 Cr which nearly equals to 22,878,788 shares, which means your investments are on the right track. The lot size is going one lot now, exceeding 13 as per the finance reports over the internet.
Harsha Engineers Limited Share Price
Construction is something which will never be going to stop until and unless people stop making buildings. Thus, bearings are the basic need in constructing the foundation. For investors and marketers, this is the best time to trade with this company because the nifty itself speaks out, and the brand shares.
If we look into the finance part of the company, the issue size of ₹755.00 Crores will come. This is a great amount considering the competitors of Harsha Engineers Limited. The investors can now view the Harsha Engineers IPO on NSE and BSE as it will be soon uploaded here. In this market segment, you will get nearly 50% shares from the company and this share can be raised considering the brand’s growth.
With these figures discussed above, you can analyze how well the company performs. Marketers expect these figures to be raised soon, considering Harsha Engineers Limited’s market stability. However, the equity and market might go up and down according to bearings’ sales and Solar EPC requirements.
During the construction and development stage, bearings play a significant role in building the foundation. The best exam of rigidity, strength and topmost core for your buildings is here with Harsha Engineers. They offer a wide range of bearing cages solutions across India and around the world. This article has covered the major details of IPO, shares, brand reputation and more. If you still have some queries then you can drop a comment here or follow us to read more finance-related articles!
|Official Website of Harsha Engineers|
What is the Current IPO of Harsha Engineers Limited?
As of today, the IPO is ₹150.
What is the Lot size of Harsha Engineers Limited?
The existing lot size is 1-13
How to Connect with Harsha Engineers Limited IPO?
You can use the contact number: +91 2717-618200 to know the details or email at: firstname.lastname@example.org. We have also given a direct link to the website which covers major details of the company.