Harsha Engineers IPO GMP / Grey Market Premium, Kostak Rates & SS Today
Last Updated Date: Nov 17, 2022Harsha Engineers is about to release its IPO on Sep 14, 2022. The issue is closing on Sep 16, 2022 and is currently having an active grey market. The Harsha Engineers IPO GMP is running at a stable rate as per the current situation.
In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market.
However, the QIB and the HNI numbers are the key indicators of GMP in the case of Harsha Engineers IPO. The company is intended to raise Rs 755 Cr. by the released issue.
Harsha Engineers IPO GMP Rates, Kotak rates & SS
This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue.
You can check this table related to know the IPO size, price band along with listing details, and more.
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
| 26th Sept 2022 | Rs. 130 | Rs. 700 | Rs. 7000 |
| 24th Sept 2022 | Rs. 170 | Rs. 700 | Rs. 7000 |
| 23th Sept 2022 | Rs. 170 | Rs. 700 | Rs. 7000 |
| 22th Sept 2022 | Rs. 240 | Rs. 700 | Rs. 7000 |
| 21th Sept 2022 | Rs. 240 | Rs. 700 | Rs. 7000 |
| 20th Sept 2022 | Rs. 240 | Rs. 700 | Rs. 7000 |
| 17th Sept 2022 | Rs. 240 | Rs. 700 | Rs. 7000 |
| 16th Sept 2022 | Rs. 235 | Rs. 500 | Rs. 5000 |
| 15th Sept 2022 | Rs. 225 | Rs. 500 | Rs. 5000 |
| 14th Sept 2022 | Rs. 203 | Rs. 500 | Rs.5000 |
| 13th Sept 2022 | Rs. 210 | Rs. 500 | Rs. 5000 |
| 12th Sept 2022 | Rs. 220 | Rs. 500 | Rs. 5000 |
| 10th Sept 2022 | Rs. 220 | Rs. 500 | Rs. 5000 |
| 9th Sept 2022 | Rs. 210 | Rs. 500 | Rs. 5000 |
| 8th Sept 2022 | Rs. 120 | NA | NA |
Check out Related IPO Links:
| Review Harsha Engineers IPO |
| Harsha Engineers IPO Allotment |
| LIVE Subscription – Harsha Engineers IPO |
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Harsha Engineers IPO Date / Timetable
Here, you will find the important dates and events of this IPO. Check the allotment status, visit us again once the subscription date is over.
| IPO Open Date | Sep 14, 2022 |
| IPO Close Date | Sep 16, 2022 |
| Basis of Allotment Date | Sep 21, 2022 |
| Initiation of Refunds | Sep 22, 2022 |
| Credit of Shares to Demat Account | Sep 23, 2022 |
| IPO Listing Date | Sep 26, 2022 |
Harsha Engineers IPO – Financial Performance
The below-given table will give you an overall idea of the company’s financial performance. Check their net profit and loss statement about Harsha Engineers IPO.
| Amount (in INR & Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 10,776.6 | 59,810.68 | 9,732.39 | 1,950.00 |
| Revenue | 6,376.25 | 8,767.34 | 8,995.05 | 1,179.05 |
| Expense | 5,787.82 | 8,160.12 | 8,679.20 | 1,565.20 |
| Profit After Tax | 437.07 | 454.39 | 219.09 | (274.07) |
| Earnings per Equity Share (in Million) | ||||
| 30-Sept-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic | 8.74 | 9.09 | 6.26 | (13.70) |
| Diluted | 5.66 | 5.88 | 3.52 | (13.70) |
FAQs Related to Harsha Engineers IPO GMP
Check out FAQs on Harsha Engineers IPO Grey Market Premium here –
What is the current Harsha Engineers IPO GMP Price?
As on today, the Harsha Engineers IPO GMP is Rs.130.
What is the current Harsha Engineers IPO Kostak Rate?
The Kostak rate is Rs 500 for Harsha Engineers IPO.
What is today’s Harsha Engineers IPO Subject to Sauda Rate?
As on today, the Harsha Engineers IPO Subject to Sauda is Rs 7000.
Where to Check Harsha Engineers IPO Allotment & Listing?
However, if you don’t want to miss out on the issue’s allotment status and the listing, you can refer to this LINK given here: https://top10stockbroker.com/ipo-allotment-status/
What is Kostak Price?
To apply for an IPO, there is an application price or application charges that come along and is known as Kostak price. It is actually the premium amount at which IPO applications are being traded in the grey market.
Is GREY market buy or sell shares illegal?
Grey Market is basically trading that takes place before the stock of a company gets enlisted on the stock exchange.
It takes place before the IPO release and the prices may change at any time. Hence, it is unofficial trading and hence, not “illegal”.
Disclaimer:
The Harsha Engineers IPO GMP which is mentioned in the table here is only valid for a specific date as mentioned in the header section. The Kostak is the premium that one gets by selling her/his IPO application to someone else before listing the issue. He or she can sell it in an off-market transaction. However, we aren’t buying/selling IPO forms on the IPO Grey market.
It is also requested that please do not subscribe for an IPO by just seeing the premium price. The reason being, the premium price varies and can change anytime before listing. Please subscribe only after considering the fundamentals of the companies.