IPO Allotment Status: Have you invested in Harsh Engineers IPO? Here’s how to know if you got shares
Harsha Engineers International Limited (Harsha Engineers IPO) from today, Wednesday IPO will allot shares to the bidders for The company’s IPO was open for subscription on September 14 and bidding was held till September 16. The IPO got a total subscription of 74.70 times in three days. Shares reserved for retail bidders were subscribed the highest at 17.6 per cent, non-institutional investors (NIIs) at 71.3 per cent and Qualified Institutional Bidders (QIBs) at 178.26 per cent. The company is the largest manufacturer of precision bearing cages in India. It provides its services to companies operating in the sectors of automotive, railways, aviation-aerospace, construction, mining, agriculture, electronics and renewable energy. Its products are supplied in 25 countries.
Check Share Allotment on BSE Website
- first you BSE website will go on .
- Here the Equity box has to be ticked.
- Now enter the name of the problem below.
- Enter your application number.
- Enter PAN Number
- Now click on Search.
- Now you will see all the details.
Check through Registrar’s website
You can also check through the registrar’s website. let you know linkintime Registrar of IPOs. you the registrar’s website https://linkintime.co.in/MIPO/Ipoallotment.html will go on . Now type the company name in the drop down menu. Now enter PAN Number, Application Number or Depository/Client ID. Enter the captcha and click on search. If you have been allotted shares then you will see on the screen in front of you.
Where will the company spend the money?
Harsh Engineer Company says that the company will repay the debt of Rs 270 crore out of the amount raised through this IPO. Apart from this, Rs 76 crore will be used for working capital. It was also stated that Rs. Rs 7.12 crore will be used for infrastructure repair and renovation of existing facilities. Half of this public issue, or 50 per cent, will be reserved for Qualified Institutional Investors (QIBs).
Know about IPO
Harsh Engineers donated Rs. 755 crore IPO was introduced to raise. In which Rs. 455 crore new shares were issued and Rs. 300 crore shares were offered through Offer for Sale (OFS). The company has set an IPO price band of Rs. 314-330 was set. Bidders had to bid for at least one lot consisting of 45 shares.