Behari Lal Engineering launches its IPO today, August 12, with a price band of Rs. 271–285 per share. The offering is worth approximately Rs. 301.62 cr. and will remain open until August 14. The issue comprises a fresh issue of around Rs. 93 cr. and an offer for sale of approximately Rs. 208.62 cr.
The IPO provides investors with exposure to the engineering-manufacturing segment. With several mainboard and SME offerings competing for capital this week, investors are likely to compare the company’s valuation, financial performance, growth prospects and use of IPO proceeds before subscribing.
