Harsha Engineers IPO GMP TODAY (LIVE DATA) Newest Gray Market Premium Updates » Investor Academy

Harsha Engineers IPO GMP Right this moment, Harsha Engineers IPO Gray Market Premium Updates | Harsha Engineers IPO Itemizing Achieve, Newest goal, Opening acquire

Harsha Engineers IPO date is fastened, the preliminary public provide (IPO) is to hit the market on Sep 14, 2022, and shut on SEP 16, 2022. Harsha Engineers IPO to lift ₹755 crores through IPO that includes a proposal on the market of as much as 15,840,000 Fairness Shares of Rs.10 every. The retail quota is 35% with QIB 50% and HNI 15%.

Harsha Engineers Worldwide Restricted is the largest producer of precision bearing cages, by way of income in organized sector in India. The corporate is part of the Harsha Group.

The corporate provides its merchandise to prospects in over 25 nations overlaying 5 continents i.e., North America, Europe, Asia, South America and Africa.

The enterprise includes of two segments:

1. Engineering enterprise, below which the corporate manufactures bearing cages (in brass, metal and polyamide supplies), complicated and specialised precision stamped parts, welded assemblies and brass castings and cages & bronze bushings.

2. Photo voltaic EPC enterprise, below which the corporate present full complete turnkey options to all photo voltaic photovoltaic necessities and gives operations and upkeep companies within the photo voltaic sector.

Try Harsha Engineers IPO gray market premium, Kostak charges, and topic to sauda charges as of at present.

Harsha Engineers IPO Particulars:

Issuer Harsha Engineers Worldwide Restricted
Situation Sort Guide Constructed Situation IPO
Situation Interval Situation Opens: SEP 14, 2022
Situation Closes: SEP 16, 2022
Value Model ₹314 to ₹330 Per Share
Situation Measurement ₹755 Crores
Face Worth Rs.10 per Fairness Share
Market Lot 45 Shares
Most Bid quantity for Retail ₹191100
QIB 50% of the difficulty measurement
NIB 15% of the difficulty measurement
Retail Particular person Bidders 35% of the difficulty measurement
Itemizing at NSE & BSE
✔️ Apply With 👉 UPSTOX Free DEMAT Account
Fairness 15,840,000 Shares

Paytm Money Demat

Harsha Engineers IPO GMP Charges day-to-day

Harsha Engineers IPO Gray market premium as of at present

Date GMP (in INR) Kostak (in INR) Topic to Sauda
16 SEP 2022
15 SEP 2022
14 SEP 2022 ₹200 ₹450 ₹5000
13 SEP 2022 ₹215 ₹450 ₹5000
12 SEP 2022 ₹215 ₹450 ₹5000
11 SEP 2022 ₹200 ₹450 ₹5000
10 SEP 2022 ₹214 ₹450 ₹5000
09 SEP 2022 ₹200 ₹450 ₹5000
08 SEP 2022 ₹160 ₹450 ₹5000
07 SEP 2022 ₹150
06 SEP 2022 ₹150
05 SEP 2022 ₹100

Harsha Engineers IPO Market Lot:

 Lot Measurement:  Minimal 45 Shares & Most 585 Shares (13 Lot)
 Minimal Quantity: ₹14,850
 Most Quantity: ₹193050

Harsha Engineers IPO Allotment & Itemizing:

 Foundation of Allotment: SEP 21, 2022
 Refunds: SEP 22, 2022
 Credit score to Demat Account: SEP 23, 2022
 Itemizing Date: SEP 26, 2022

Tips on how to Apply for Harsha Engineers IPO?

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Tips on how to Apply Harsha Engineers IPO via Zerodha?

Log in to Console in Zerodha Web site or in Utility. Go to Portfolio and Click on on IPO. You will notice the IPO Identify “Harsha Engineers”. Click on on Bid Button. Enter your UPI ID, Amount and Value. Submit IPO Utility Type. Now go to your UPI App on Web Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

Tips on how to Apply Harsha Engineers IPO via Upstox?

Log in to Upstox Utility together with your credentials. Choose the IPO. You will notice the IPO Identify “Harsha Engineers”. Click on on Bid Button. Affirm your software. Now go to your UPI App on Web Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.

In case you haven’t been allotted or for any partial allotment of IPO shares, the blocked quantity, if any, shall be unblocked/launched on or earlier than UPI mandate expiry date. Please attain out to your financial institution in case funds aren’t unblocked/launched publish the mandate expiry date.



Test:- Harsha Engineers IPO Allotment Standing


– IPO Gray Market Premium (IPO GMP) point out is legitimate for the precise date as talked about within the header.
– We’re not shopping for and promoting IPO types on IPO Gray Market.
– Kostak Price is the premium one will get by promoting his/her IPO software (in an off-market transaction) to another person even earlier than allotment or itemizing of the difficulty.
– Don’t subscribe for IPO by simply seeing premium Value as it could change anytime earlier than itemizing. Subscribe solely contemplating Fundamentals of the businesses.
– That is solely protection of Information associated to Gray Market. We don’t deal in Gray market premium, nor can we advocate dealing in Gray Market. Funding choices based mostly on Gray Market tendencies could be defective.

IPO GMP charges are supplied as sourced from market intelligence. Please word these IPO GMP charges could also be totally different relying on geographies and markets.

We don’t commerce into the gray market nor can we facilitate shopping for or promoting of IPO companies.

What’s Gray Market?

Gray Market is the time period used to explain an unregulated over-the-counter marketplace for buying and selling IPO functions and IPO shares earlier than the inventory is listed at a inventory market. It is a approach for sellers to assist their prospects who could need to exit earlier than itemizing.

That is additionally a technique to increase the itemizing worth and assist the difficulty earlier than itemizing occurs. There are two sorts of transactions that occur in thee IPO gray market:

  • Commerce of IPO shares at a gray market premium
  • Commerce of IPO software at a kostak.

What’s Gray Market Premium?

GMP or Gray Market Premium is the premium at which fairness shares from the IPO are being traded within the gray market.

This might both be a optimistic or unfavourable – that means the buying and selling worth within the gray market is both larger or decrease than problem worth respectively, based mostly on demand and provide for the shares.

Sometimes, traders who don’t need to take the danger of allocation not occurring via IPO will purchase shares within the grey market and hope to flip the shares on itemizing to make revenue.

What’s Kostak?

Kostak is the premium at which IPO software is being traded within the gray market. Purposes are usually traded after the appliance window is closed however the allotment has not but been completed.

It’s uncommon for somebody to commerce IPO software post-allocation. It is a approach for traders to extend their likelihood of shares being allotted because the allocation course of treats every retail software equally. An instance (indicative) for kostak is:


IGL Restricted
Situation Value: Rs 306 Per Fairness Share (Most Bid worth)
Lot Measurement: 45
Gray Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This implies IGL IPO functions of Rs 13500 are being traded in IPO Gray Market at Rs 695 to Rs 720.

Even supposing this IPO’s Gray Market Premium is roughly 75% of the difficulty worth, the ‘Kostak’ is simply 5% of the appliance worth.

As could be seen the Kostak is at a a lot decrease %age than GMP. This means that the gray market expects the difficulty to be oversubscribed and expects on a mean just one lot to be allotted per software.

Kostak fee is the quantity an investor will get by promoting his/her IPO software in gray market. That is the quantity an investor stands to realize, regardless of allotment standing.

Topic to Sauda merely displays the quantity which an investor stands to get by promoting his/her software for agency allotment. The important thing operative phrase right here is agency allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Topic to Sauda’ deal, whereas promoting IPO software within the gray market, purchaser and vendor agree that deal is barely legitimate if the vendor will get the allotment. If the vendor doesn’t get any shares in IPO course of, the deal will get keep away from.


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