Shiprocket, Behari Lal Engineering IPOs cross 80x subscription on final day
Shiprocket’s IPO was subscribed 80.39 times, while Behari Lal Engineering’s issue was subscribed 85.07 times.
Two major IPOs, Shiprocket and Behari Lal Engineering, experienced strong demand on the final day of bidding, with both issues receiving over 80 times the subscription rate by around 3.21 pm on Friday. Shiprocket's IPO was subscribed 80.39 times, while Behari Lal Engineering's issue was subscribed 85.07 times. The IPOs raised significant funds from anchor investors and are planned to be used for various corporate purposes, including marketing initiatives, technology infrastructure strengthening, and equipment procurement. Both companies aim to list their shares on the BSE and NSE on August 19.
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