India, Aug. 19 -- Shares of integrated iron and steel manufacturing company Behari Lal Engineering Ltd made a strong market debut on Wednesday, listing at a premium of more than 63 per cent over the IPO issue price of Rs 285.

On the BSE, the stock opened at Rs 458, a gain of 60.70 per cent over the issue price.

On the NSE, the shares debuted at Rs 465, representing a premium of 63.15 per cent.

Following the listing, the company's market valuation stood at Rs 2,135.22 crore.

The initial public offering (IPO) of Behari Lal Engineering was subscribed 108.44 times on the final day of bidding on Friday.

The Rs 302-crore IPO had a price band of Rs 271-285 per share. The public issue comprised a fresh issue of shares worth up to Rs 93 crore...