Harsha Engineers IPO fully subscribed on day 1. Know GMP, key points
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The underlying public proposal of Harsha Designers Initial public offering got completely bought in on the principal day of membership on Wednesday. The public proposition got offers for 3,24,61,830 offers as against 1,68,63,795 offers on offer, converting into 1.92 times membership, as per information accessible with the NSE till 1734 hrs. Retail individual financial backers' class got 2.28 times membership, while the amount for non-institutional financial backers was bought in 3.60 times. The class for qualified institutional purchasers (QIBs) got 0.05 times membership. The public issue will close on Friday. The cost band has been fixed at ₹314-330 for every offer for its underlying offer deal. Harsha Specialists Initial public offering comprises of a new issue of value shares collecting to ₹455 crore, and a deal available to be purchased (OFS) of up to ₹300 crore by existing investors. The returns from the new issue will be used for obligation installment, financing working cap