Harsha Engineers IPO: Grey market premium hints at 50% gain

The Rs 755-crore IPO comprises issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.

Harsha Engineers IPO: Grey market premium hints at 50% gain
The Rs 755-crore IPO comprises issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.