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.
The IPOs of Shiprocket and Behari Lal Engineering both experienced unprecedented demand on the final day of bidding, with subscriptions surpassing 80 times the available shares. Shiprocket's IPO was subscribed 80.39 times, while Behari Lal Engineering's issue garnered 85.07 times subscription. The Shiprocket IPO, valued at ₹1,617.5 crore, saw a QIB portion of 91.76 times, NII portion of 84.87 times, and retail portion of 40.47 times subscription. The employee portion was subscribed at 49.69 times.
Written by urgent.news from Hindu BusinessLine's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Behari Lal Engineering IPO Day 3: Issue subscribed 108 times; GMP at 28% economictimes.indiatimes.com
