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Harsha Engineers soars 47% on debut after strong demand for shares in IPO

At the last close, the company was valued at Rs 4,424 crore

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The company’s maiden offering saw 75 times more demand than shares on offer, making it the most oversubscribed maiden share sale for this year.

BS Reporter Thiruvananthapuram

2 min read Last Updated : Sep 26 2022 | 10:19 PM IST

Shares of Harsha Engineers International (HEIL) finished over 47 per cent higher than their issue price during their stock market debut on Monday. The stock hit a low of Rs 431 and a high of Rs 527.6 before closing at Rs 486, up Rs 156, or 47.3 per cent over its issue price of Rs 330 per share.

At the last close, the company was valued at Rs 4,424 crore.

The blockbuster listing follows strong demand for the shares of the company during its IPO. The company’s maiden offering saw 75 times more demand than shares on offer, making it

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