The Harsha Engineers Grey Market Premium Declined Over 60% Before IPO listing

26 SEP 2022

Amid erratic local stock markets, Harsha Engineers International Ltd’s grey market premium dropped by approximately 60% before the listing of the stock.

However, Monday is the listing date for the stock in the market. Harsha Engineers International Ltd is a producer of sophisticated bearing cages.

Harsha Engineers IPO GMP

The IPO was subscribed approximately 75 times with a total issue size of Rs 755 crore. The issue consists of an Offer for sale and a fresh issue.


The fresh issue was the value of Rs 455 crore. The offer for sale was valued up to Rs 300 crore, which might be done by promoters and shareholders.

Current Market Scenario

For the third consecutive session, the Nifty and Sensex both plummeted, falling 2.7 percent each. 

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