Behari Lal Engineering IPO listing: Behari Lal Engineering share price made a strong debut on the BSE and the NSE on Wednesday, 19 August, defying weak stock market sentiment.
Behari Lal Engineering shares were listed at ₹458 on the BSE, a premium of nearly 61% over the issue price of ₹285. On the NSE, the stock debuted at ₹465, up over 63% from the issue price.
After a strong listing, the stock further extended gains, rising 72% from the issue price to ₹489.35 on the BSE and ₹489 on the NSE.
According to grey market sources, the stock’s listing exceeded expectations, with the last grey market premium (GMP) on Behari Lal Engineering shares at ₹133, suggesting the stock could list at ₹418, a premium of nearly 47%.
Meanwhile, market benchmarks, the Sensex and the Nifty 50, declined by up to 0.40% in the morning session on Wednesday.
(This is a developing story. Please check back for fresh updates.)
