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The Economic Times
The Economic Times
Business
Ritesh Presswala

Behari Lal Engineering IPO Day 3: Issue subscribed 108 times; GMP at 28%

Behari Lal Engineering IPO GMP BSE NSE

The Rs 302-crore initial public offering (IPO) of Behari Lal Engineering saw strong response from investors as on the third and final day, getting 108 times bids for shares on offer. In the grey market, the IPO is currently commanding a 28% premium, signalling expectations of a strong listing for the iron and steel manufacturing company.

On the second day of bidding, the issue was subscribed 7.78 times, against the 74.12 lakh shares on offer. The retail portion was subscribed 9.36 times, with bids received for 37.63 lakh shares.

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