New Delhi, Aug. 11 -- Behari Lal Engineering IPO is all set to hit the primary market on Wednesday, 12 August. The mainboard IPO will remain open till Friday, 14 August.

The price band for the Behari Lal Engineering IPO has been set at Rs.271- Rs.285 per equity share, with a face value of Rs.10.

Under the issue allocation, up to 50% of the shares will be reserved for Qualified Institutional Buyers (QIBs), while at least 15% will be allocated to Non-Institutional Investors (NIIs). Retail investors will be entitled to a minimum allocation of 35% of the offer.

The company plans to deploy the net proceeds from the fresh issue mainly towards capital expenditure aimed at expanding its manufacturing capacity. The planned expenditure includes ...