Harsha Engineers shares make stellar debut, list at 36% premium to issue price

Stock of Harsha Engineers International Harsha Engineers shares make stellar debut. List at 36% premium to issue price was listed on the NSE at Rs 450, up 36.36 percent from the company’s initial public offering (IPO) issue price of Rs 330. The company’s market value increased to Rs 4,097 crore.

A listed building can be a great investment, especially when it’s on a good street. Harsha Engineers shares debuted at a 34.55% premium over its 10-year low price, hitting Rs 444 during their first day of trade. Its issue price of Rs 330. The company’s market value increased to Rs 4,042 crore.

This option allows you to purchase tokens at a 20% discount from the price at which they were initially offered. The business listed on the NSE for Rs 450, an increase of 36.36 percent. The company’s market value increased to Rs 4,097 crore. Our customers are happy, and we’ve traded a total of 24.56 lakh shares on the NSE, resulting in a turnover of 110.55 crore.

Compared to the issue price of Rs 330 per share, the stock traded at Rs 444 (34.55%) on the BSE. Tata Motors has a reserved price of Rs 1,200. Tata Motors, valued at Rs 4,042 crores saw an increase of Rs 3.34 in its price today and traded 1.69 lakh shares at the BSE generating a turnover of Rs 7.49 crore.

The price range for the share sale was between Rs 314 and Rs 330. On September 16, the final day of the bidding procedure, there were 74.70 subscriptions for the IPO. From March 15 to March 19, the IPO took place. The Axis Capital team includes T20 cricket players who will be part of the driving force behind the IPO.”

For 45 shares, the Harsha Engineers IPO’s lot size, one would need to pay Rs 14,850. By investing Rs 1,93,050, a single individual investor might make bids on up to 13 lots, or 585 shares.The T20 team of Axis Capital Limited, Equirus Capital Private Limited, and JM Financial Consultants managed the IPO.

Leave a Reply

Your email address will not be published.