Harsha Engineers IPO Allotment Status Check Online The allotment details will be officially confirmed on September 21, 2022 (Allotment Out). Following this, the refund process is scheduled to commence on September 22, and shareholders can anticipate their shares to be deposited into their Demat accounts by September 23.
The Harsha Engineers IPO is set for listing on September 26. Investors who participated in this IPO have the option to verify their allotment status through online or offline methods, either via the Linkintime website or by accessing their bank account and Demat login.
The Harsha Engineers IPO witnessed an impressive subscription rate, with an overall oversubscription of 74.70 times. This was broken down into categories, with QIBs oversubscribed at 178.26 times, NIIs at 74.78 times, and Retail investors at 17.63 times during the third day of the IPO subscription period.
The IPO aims to raise approximately ₹755 crores, comprising a fresh issue of ₹455 crores and an offer for sale of up to ₹300 crores, with each share valued at ₹10. Investors should note that the allocation breakdown includes a 35% retail quota, 50% for QIBs, and 15% for HNIs.
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Know About Harsha Engineers Limited
Before diving into the IPO allotment status check, let’s take a brief look at Harsha Engineers Limited. Established in 1988, Harsha Engineers is a leading precision-engineered bearing manufacturer in India. They serve diverse industries, including automotive, agriculture, railways, and more.
Why Check IPO Allotment Status?
Checking the IPO allotment status is crucial to find out if you’ve been allotted shares in the company. Knowing your allotment status allows you to plan your next steps, such as selling, holding, or applying for refunds, depending on the outcome.
It’s a critical aspect of the IPO investment process, as it helps you make informed decisions regarding your investment in Harsha Engineers Limited.
Ways to Check Harsha Engineers IPO Allotment Status Check Online
Now, let’s explore the various methods to check your Harsha Engineers IPO allotment status online:
Registrar’s Website
The registrar of the IPO is responsible for processing and maintaining the allotment data. In the case of Harsha Engineers, you can check your allotment status on the registrar’s website. Here’s how:
- Visit the official website of the registrar, which is typically linked to the company’s IPO page.
- Look for the ‘IPO Allotment Status’ or ‘Check Allotment Status’ tab on the website’s homepage.
- You will be asked to enter your application number and PAN (Permanent Account Number).
- After submitting the required information, click ‘Submit’ to check your allotment status.
- The website will display whether you’ve been allotted shares or not. If you are allotted shares, it will also provide details like the number of shares allotted to you.
BSE and NSE Websites
You can also check your Harsha Engineers IPO allotment status check online on the official websites of stock exchanges like BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). Here’s how:
- Visit the BSE or NSE website.
- Look for the ‘IPO Allotment’ or ‘IPO Allotment Status’ section.
- Select the IPO you’ve applied for, in this case, ‘Harsha Engineers Limited.’
- Enter your application number and PAN.
- Click ‘Submit’ to check your allotment status.
- The website will provide you with the allotment details.
Mobile Apps
Many stock market-related mobile apps also offer IPO allotment status-checking services. Here’s how you can check your Harsha Engineers IPO allotment status using a mobile app:
- Download a reputable stock market app from your device’s app store.
- Register or log in to the app using your credentials.
- Look for the ‘IPO Allotment Status’ or ‘IPO Tracker’ section.
- Select ‘Harsha Engineers IPO’ from the list of available IPOs.
- Enter your application number and PAN.
- Tap ‘Submit’ to check your allotment status.
- The app will display your allotment status along with any additional information.
Harsha Engineers IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.06 | 1.63 | 178.26 |
| NII | 5.83 | 24.91 | 66.14 |
| bNII | 7.64 | 22.38 | 74.78 |
| sNII | 11.68 | 29.96 | 64.41 |
| RII | 3.22 | 9.14 | 17.63 |
| EMP | 2.33 | 6.34 | 12.07 |
| Total | 2.87 | 10.35 | 74.70 |
Harsha Engineers IPO Date & Price Band
| Harsha Engineers IPO Open: | September 14, 2022 |
| Harsha Engineers IPO Close: | September 16, 2022 |
| Harsha Engineers IPO Size: | Approx ₹755 Crores |
| Fresh Issue: | Approx ₹455 Crores |
| Offer for Sale: | Approx ₹300 Crores |
| Face Value: | ₹10 Per Equity Share |
| Harsha Engineers IPO Price Band: | ₹314 to ₹330 Per Share |
| Harsha Engineers IPO Listing on: | BSE & NSE |
| Retail Quota: | 35% |
| QIB Quota: | 50% |
| NII Quota: | 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Harsha Engineers IPO Market Lot
The Harsha Engineers IPO has a minimum market lot size of 45 shares, requiring an application amount of ₹14,850. Retail investors have the opportunity to apply for up to 13 lots, which translates to 585 shares or an application amount of ₹193,050.
| Minimum Lot Size: | Minimum 45 Shares for 1 lot |
| Minimum Amount: | ₹14,850 for 1 lot |
| Maximum Lot Size: | Maximum 585 Shares for 13 lot |
| Maximum Amount: | ₹193,050 for 13 lot |
Harsha Engineers IPO Allotment & Listing Dates
The Harsha Engineers IPO is scheduled to open on September 14 and will remain open until September 16. The IPO allotment date for Harsha Engineers is set for September 21, and the IPO is expected to be listed on September 26.
| Price Band Announcement: | September 9, 2022 |
| Anchor Investors Allotment: | September 13, 2022 |
| Harsha Engineers IPO Open Date: | September 14, 2022 |
| Harsha Engineers IPO Close Date: | September 16, 2022 |
| Basis of Allotment: | September 21, 2022 |
| Refunds: | September 22, 2022 |
| Credit to Demat Account: | September 23, 2022 |
| Harsha Engineers IPO Listing Date: | September 26, 2022 |
Harsha Engineers IPO Allotment Status Check Online: Conclusion
Checking your Harsha Engineers IPO allotment status online is a simple and crucial step in staying informed about your investment. It empowers you to make informed decisions, whether you’ve been allotted shares or not.
Keep your application number and PAN handy for this process. Staying updated is essential, and with various online options available, tracking your allotment status is convenient.
Whether you’re a seasoned investor or a newcomer, this guide offers a user-friendly way to check your Harsha Engineers IPO allotment status online, ensuring you are well-prepared for your investment journey.
Harsha Engineers IPO Allotment Status Check Online: FAQ?
To further assist you in the IPO allotment status check process, here are some frequently asked questions and their answers:
When will the IPO allotment status be available for Harsha Engineers?
IPO allotment status is typically available a few days after the IPO’s closing date. You can check the registrar’s website, stock exchange websites, or mobile apps for updates.
What should I do if I’m allotted shares in Harsha Engineers IPO?
If you are allotted shares, you can wait for the listing date to start trading or consider holding the shares for the long term, depending on your investment strategy.
What if I’m not allotted any shares in the IPO?
If you’re not allotted shares, you will receive a refund of your application money through the same bank account from which you made the IPO application.
Can I check the IPO allotment status offline?
While online methods are the most convenient, you can also check your allotment status by contacting the registrar or checking the newspapers where allotment details are sometimes published.
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