The Rs 302-crore initial public offering (IPO) of Behari Lal Engineering opened for public subscription on Wednesday, with grey market trends indicating a decent listing for the iron and steel manufacturing company.
The company launched its IPO to raise funds via a fresh issue of shares worth Rs 93 crore and an offer for sale (OFS) of 73.20 lakh equity shares, at a price band of Rs 271-285 per share. The IPO will remain open for public bidding between August 12 and August 14.
