Here’s how to check allotment status & GMP

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Harsha Engineers International (HEIL), whose initial public offering (IPO) received an astounding response during the three-day bidding process, is likely to finalise its allotment status on Wednesday, September 21.

The Rs 755-crore IPO consists of issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS).

Harsha Engineering offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more.

The company has five manufacturing facilities with two of its principal facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu in China and Ghimbav Bra?ov în România.

It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market share in the global organised bearing cages market for brass, steel and polyamide cages in the year 2020.

Last heard, the shares of Harsha Engineers International were commanding a premium of Rs 195-205 in the grey market. The premium in the unofficial market has been declining since the conclusion of the issue.

The company’s Rs 755 crore primary offering was sold in the range of Rs 314-330 per equity share. The issue had received a robust response from all the categories of investors, subscribing 74.7 times between September 14-16.

The quota reserved for qualified institutional buyers (QIBs) was subscribed a whopping 178.26 times, while the one reserved for non-institutional investors (NIIs) and retailers was subscribed 71.32 times and 17.63 times, respectively.

The majority of the brokerages remain positive on the issue and suggest subscribing to it. However, a few have flagged rising prices of raw materials and dependency on major clients as key concerns.

Investors, who had bid for the issue, can check the allotment status on BSE website:

1) Visit

2) Under the issue type, click Equity

3) Under the issue name, select Harsha Engineers International Ltd in the dropbox

4) Write the application number

5) Add the PAN card ID

6) Click on ‘I am not a Robot’ and hit submit.

You can also check the allotment status on the online portal of Link Intime India

Private Limited ( the registrar to the issue.

The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.

The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.

1) Go to the web portal of Link Intime India Private Limited

2) Select the IPO in dropbox whose name will be populated only if the allotment is finalized

3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID

4) In application type, select between ASBA and non-ASBA

5) Enter the details of the mode you selected in Step 2

6) For security purposes, fill the captcha accurately

7) Hit submit

  1. When will Harsha Engineers IPO shares be credited in demat?
    Bidders who could not get allotment in the IPO may see the initialization of refunds on September 22. Others, who would be allotted shares may see the credit of shares in the demat account by September 23.
  2. When will Harsha Engineers IPO list?
    The listing of the IPO is likely on September 26.

https://economictimes.indiatimes.com/markets/ipos/fpos/harsha-engineers-ipo-heres-how-to-check-allotment-status-gmp/articleshow/94320933.cms