# Behari Lal Engineering IPO subscribed 29.88 times on final day

2026-08-13T05:53:04+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet (2 source reports)

Behari Lal Engineering's initial public offering was subscribed 29.88 times on its third and final day of bidding, 14 August, according to BSE data. The retail portion was booked 17.87 times, the non-institutional investor segment 35.05 times, and the qualified institutional buyer portion 2.29 times. The company had raised Rs 90.48 crore from anchor investors on 11 August. The IPO, with a price band of Rs 271 to Rs 285 per share, closes on 14 August. The grey market premium (GMP) for the IPO stood at Rs 80 on the final day, suggesting an estimated listing price of Rs 365, a 28.07% gain over the upper price band. Brokers such as SBICAP Securities, BP Equities, and Arihant Capital Markets have assigned a 'SUBSCRIBE' rating, citing the company's improving profitability, order book of Rs 178.57 crore, and plans to expand capacity. The shares are expected to list on the BSE and NSE on 19 August.

## Coverage

- livemint.com <https://www.livemint.com/market/ipo/behari-lal-engineering-ipo-gmp-behari-lal-engineering-ipo-review-behari-lal-engineering-ipo-subscription-status-11786594047857.html>
- livemint.com (2) <https://www.livemint.com/market/ipo/behari-lal-engineering-ipo-gmp-behari-lal-engineering-ipo-subscription-status-behari-lal-engineering-ipo-reviewbehari-11786684191544.html>

This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources. Last updated 2026-09-27T06:12:15+00:00.

Tags: Behari Lal Engineering, GMP, IPO, stock market, subscription
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