Behari Lal Engineering (BLEL) IPO subscribed 7.78 times
Mumbai, Aug. 13 -- Behari Lal Engineering received bids 5,76,69,144 shares as against 74,12,769 shares on offer, according to stock exchange data at 17:00 IST on 12 August 2026. The issue was subscribed 7.78 times.
The issue opened for bidding on 12 August 2026 and will close on 14 August 2026. The price band of the IPO is fixed between Rs 271 and 285 per share. An investor can bid for a minimum of 52 equity shares and multiples thereof.
The issue comprises of both offer for sale of 2,59,31,407 equity shares of Rs 10 faces value and fresh issue of equity shares aggregating upto 2,59,31,407.
Of the net proceeds from fresh issue, the company intend to allocates Rs 19.589 crore and Rs 36.650 crore for purchase and installation of new equi...
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