Behari Lal Engineering is set to make its stock-market debut today on the BSE and NSE after receiving exceptionally strong demand during its IPO. The issue was subscribed more than 100 times, reflecting significant interest from institutional and non-institutional investors.
The latest grey-market premium has indicated the possibility of a sizeable listing gain, although GMP is unofficial and can change quickly. Investors will now watch the actual listing price and post-listing trading activity to assess how the market values the engineering company.
