Ahmedabad-based Harsha Engineers’ shares listed at a premium of 35-36 percent over the upper end of the company’s issue price.
A number of analysts recommended bidding for the IPO, which concluded on September 16, 2022, with an overall subscription of 74.7 times the shares on offer.
According to Angel One, the IPO demanded a price-to-earnings multiple of 32.7 times its earnings per share for the year ended March 2022.