New Delhi, Aug. 14 -- The Behari Lal Engineering IPO was subscribed 7.78 times on the second day of bidding on Thursday, showing strong investor interest ahead of the issue closing on Friday, 14 August. The IPO had received 2.03 times subscription on the first day of bidding on Wednesday.

The company had also raised Rs.90.48 crore from anchor investors ahead of the public issue. The Behari Lal Engineering IPO price band has been fixed at Rs.271- Rs.285 per share.

Behari Lal Engineering operates two manufacturing facilities in Mandi Gobindgarh, Punjab, and has recently started construction of a third plant in the Fatehgarh Sahib district.

The company manufactures metal rolls, engineering castings, alloy steel products and forging ingots...