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Harsha Engineers International Limited’s Rs 755 crore Initial Public Offering to open on September 14, 2022, sets price band at Rs.314 to Rs.330 per Equity Share

Mumbai, September 09, 2022: Ahmedabad-based Harsha Engineers International Limited (“The Company”) has fixed the price band at Rs.314 to Rs.330 per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Wednesday September 14, 2022, for subscription and close on Friday, September 16, 2022. Investors can bid for a minimum of 45 Equity Shares and in multiples of 45 Equity Shares thereafter.

The offer consists of a fresh issue of equity shares aggregating to Rs 455 crore, and an offer for sale of up to Rs 300 crore by existing shareholders.

The Offer is being made through the Book Building Process, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the Offer shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders.

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