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The Economic Times
The Economic Times
Business
Ritesh Presswala

Behari Lal Engineering IPO Day 2: GMP signals decent listing, issue subscribed over 2x. Should you subscribe?

Behari Lal Engineering IPO GMP

The Rs 302-crore initial public offering (IPO) of Behari Lal Engineering entered its second day of bidding with strong investor interest. In the grey market, the IPO is currently trading at a 26% premium, indicating expectations of a strong listing for the iron and steel manufacturing company.

On the first day, the issue was subscribed 2.02 times against the 74.12 lakh shares on offer. The retail portion was subscribed 2.70 times, with bids received for 37.63 lakh shares.

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