The firm’s shares made their debut at Rs 444, reflecting a bounce of 34.54 per cent towards the problem value on the BSE. It later rallied 46.87 per cent to Rs 484.70.
On the NSE, the scrip opened at Rs 450, larger by 36.36 per cent.
The Initial Public Offer (IPO) of Harsha Engineers International received subscribed 74.70 instances earlier this month. The provide price as much as Rs 755 crore had a value vary at Rs 314-330 a share. The firm is a number one producer of precision bearing cages. It has 5 manufacturing amenities, together with at Changodar and Moraiya in Gujarat, at Changshu in China and at Ghimbav Brasov in Romania.