The Economic Times

Behari Lal Engineering IPO Day 2: GMP signals decent listing, issue subscribed over 2x. Should you subscribe?

Behari Lal Engineerings Rs 302-crore IPO saw strong demand, with the issue subscribed over two times on Day 1. The IPO carries a 26% grey market premium, indicating expectations of a strong listing. Investors are also weighing the companys expansion plans, capacity addition and diversified industrial customer base ahead of the August 14 closing date.