Shares of Harsha Engineers International Ltd jumped as much as 47 per cent in their market debut on Monday, after the precision products maker's $93 million IPO drew strong investor interest.

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Should you invest in Harsha Engineers IPO?

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, compared with the issue price of ₹330, in a weak broader market.

Earlier this month, the Gujarat-based company's issue saw bids almost 75 times the number of shares on offer, according to exchange data.

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