Behari Lal Engineering Limited has set its initial public offering (IPO) price band between ₹271 and ₹285 per equity share with a face value of ₹10. The subscription for the IPO is scheduled from August 12 to August 14, with anchor investor allocation taking place on August 11, according to livemint.com.
The IPO will reserve shares for qualified institutional buyers (QIBs), non-institutional investors (NIIs), and retail investors. The company expects to complete the allotment process by August 17, with the shares slated to be listed on the stock exchanges on August 19. The price band announcement follows the company’s filing and regulatory approvals ahead of the public offering.
This IPO comes amid a steady market environment where engineering firms are seeking capital to expand operations and improve infrastructure. The pricing range positions Behari Lal Engineering competitively within the sector, reflecting investor appetite for mid-cap industrial companies. Comparable engineering IPOs have recently seen robust subscription levels, indicating strong demand in this segment.
The company will finalize the anchor investor allocation on August 11, ahead of the public subscription window. The allotment results are expected by August 17, with the listing scheduled for August 19, marking key dates for investors tracking the offering.