India's Harsha Engineers International soars 47% in market debut

Harsha Engineers International

26/09/2022 06:30

BENGALURU, Sept 26 (Reuters) - Shares of India's Harsha
Engineers International Ltd  HRSH.NS  jumped as much as 47% in
their market debut on Monday, after the precision products
maker's $93 million IPO drew strong investor interest.
    The company, which makes and sells bearing cages used in
cars, railways and planes among others, saw its shares rise to
as much as 484.9 rupees, compared with the issue price of 330
rupees, in a weak broader market  .NSEI .
    Earlier this month, the Gujarat state-based company's issue
saw bids almost 75 times the number of shares on offer,
according to exchange data.  
 (Reporting by Yagnoseni Das in Bengaluru)
 ((Yagnoseni.Das@thomsonreuters.com;Mobile: +91 6001289066;))