Harsha Engineers IPO: Last day to bid! Know GMP, subscription, allotment details, and more

Today is the last day to subscribe for Harsha Engineers IPO. You can check the latest GMP, subscription details, process to check allotment status online, and more here.

Harsha Engineers IPO: Know GMP, subscription, steps to check allotment status online, and more. (Harsha Engineers Website)

Investors who have not yet subscribed for the initial public offer (IPO) of Harsha Engineers should know that today (September 16) is the last day to bid for the same. The public issue opened for subscription on Wednesday, September 14 and received bids 1.92 times on the first day followed by 7.07 times on day two. However, if you want to know the Grey Market Premium of Harsha Engineers IPO before subscribing, you can know that the shares are available at premium of Rs. 232 today, according to a report by Live Mint. Also, once the allotment status finalises, it can be checked online. Here is all you need to know.

Harsha Engineers IPO: Subscription

On the first day of the bidding process, the portion reserved for the retail investors were subscribed 2.28 times, non-institutional investors 3.60 times and the qualified institutional buyers (QIBs) 0.05 times, according to the information provided by NSE as on September 14, 17:00 hrs.

As per the NSE details, on the second day of the issue, the shares reserved for retail investors received 6.44 times bids, non-institutional investors 15.87 times, and qualified institutional buyers (QIBs) 1.61 times.

Harsha Engineers IPO: Share allotment and listing details

The share allotment status of Harsha Engineers is expected to be finalised on September 21. Once released, investors will be able to check Harsha Engineers IPO share allotment status online by visiting the official website of BSE and the registrar of the IPO- Link Intime India Private Ltd. Also, the shares of the company will likely get listed on BSE and NSE on September 26, 2022.

Harsha Engineers IPO: Steps to check share allotment status online via BSE

Step 1:

Visit the official website of BSE or click on the direct link given here— https://www.bseindia.com/investors/appli_check.aspx.

Step 2:

Select Harsha Engineers IPO in the menu. The name of the company will be available for selection only after the announcement of the allotment status.

Step 3:

Enter your application number allotted for Harsha Engineers IPO.

Step 4:

Then enter your Permanent Account Number (PAN card number).

Step 5:

Click at 'I'm not a robot' and confirm the captcha.

Step 6:

At last click at the 'Submit' button. You will be able to see the Harsha Engineers IPO allotment status displayed on the screen.