Harsha Engineers International mobilises Rs 225.74 crore

Harsha engineer international raised 225.74 crore on september 13 by anchor book ahead of IPO

company shared that they will release 68.40 equity shares at the price of 330RS per share

many big investors invested through ANCHOR BOOK LIKE sbi LIFE, fRANKLIN mf, uti AND OTHERS

Out of which 38.90 lakh shares were released to 9 domestic mutual funds

the price for share was fixed at 314 to 330 per share for fresh issue by promoters

funds will be used for repaying some debts, purchase of machinery and infrastructure repair

company raises 455 crores in the form of fresh issue by promoters

these fund raising will surely help company to have bang in near future