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The Economic Times

Rounak Khare

Behari Lal Engineering shares rally 14% after stellar debut. What are brokerages saying?

Behari Lal Engineering SBI Securities Swastika Investmart IPO

Shares of Behari Lal Engineering rallied over 14% to Rs 525.90 on the BSE on Wednesday, extending gains after a strong market debut. The shares of the company had listed at a 63% premium to its issue price of Rs 285 earlier in the day.

Priced in the range of Rs 271-Rs 285 per share, the Rs 302-crore IPO was a fresh issue of Rs 93 crore and an offer for sale (OFS) of 73.20 lakh equity shares worth around Rs 209 crore.

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