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The Economic Times
The Economic Times
Business
Ritesh Presswala

Stellar Start! Behari Lal Engineering shares list at 63% premium over IPO price

Behari Lal Engineering NSE IPO

In a bumper market debut, shares of Behari Lal Engineering listed at 63% premium over IPO price on Wednesday. The stock opened at Rs 458 and Rs 465 on the BSE and NSE, respectively, as compared to its issue price of Rs 285.

The IPO, which opened for subscription from August 12 to August 14, drew an overwhelming response from investors and was subscribed 108.44 times overall. The retail portion was subscribed 53.27 times, while the QIB and NII categories saw exceptionally strong demand, with subscriptions of 165.33 times and 165.32 times, respectively.

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