- Behari Lal Engineering IPO has closed with a subscription rate of 59.88 times as of August 14, 2026, with QIBs at 40.25x, NIIs at 129.78x, and RIIs at 40.54x.
- The grey market premium (GMP) for the IPO has increased from Rs 53 to Rs 80, suggesting a listing premium of approximately 28%.
- The IPO was launched on August 12, 2026, and the allotment is expected to be finalized on August 17, with shares listing on NSE and BSE on August 19.
- On the third day of bidding, the IPO had already been subscribed 23.97 times by 11:55 AM, with Non-Institutional Investors (NIIs) leading at 53.27 times.
- The IPO is a book-built issue worth Rs 301.62 crore, consisting of a fresh issue of Rs 93 crore and an offer for sale of Rs 208.62 crore.
- The price band for the IPO has been fixed at Rs 271-285 per share, with a minimum retail investment of Rs 14,820 at the upper price band.
The Behari Lal Engineering IPO, which closed on August 14, 2026, has garnered significant investor interest, achieving a subscription rate of 59.88 times.1
Non-Institutional Investors (NIIs) led the charge with a staggering 129.78 times subscription, while Qualified Institutional Buyers (QIBs) and Retail Individual Investors (RIIs) subscribed 40.25 and 40.54 times, respectively.56
The IPO, valued at ₹301.62 crore, includes a fresh issue of ₹93 crore and an offer for sale of ₹208.62 crore, with a price band set between ₹271 and ₹285 per share.
Market expert Anil Singhvi noted the company's strong fundamentals and attractive valuation, suggesting potential for both listing gains and long-term returns.
The grey market premium (GMP) for the IPO has risen to ₹80, indicating a likely listing price of ₹365, which is approximately 28% above the upper price band.23
The IPO's strong performance is underscored by the company's financial growth, reporting a revenue increase to ₹546.52 crore in FY2026 from ₹516.30 crore in FY2025, and a profit after tax rise to ₹64.64 crore from ₹52.95 crore.
The share allotment is expected to be finalized on August 17, with shares scheduled to list on the BSE and NSE on August 19, 2026.4
“The Rs 301.62-crore issue, priced at Rs 271-285 per share, saw NIIs lead with 129.78x subscription, while QIBs and RIIs subscribed 40.25x and 40.54x respectively. Anchor investors had already pumped in Rs 90.48 crore at Rs 285 per share.”
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