{
  "id": 861867,
  "title": "Shiprocket, Behari Lal Engineering IPOs cross 80x subscription on final day",
  "url": "https://urgent.news/2026/08/14/shiprocket-behari-lal-engineering-ipos-cross-80x-subscription-on",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-14T10:50:02.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/shiprocket-behari-lal-engineering-ipos-see-over-80-times-subscription-as-issues-close-today/article71345022.ece"
  },
  "original_language": "en",
  "account": null,
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Economic Times - Top News",
        "title": "Behari Lal Engineering IPO Day 3: Issue subscribed 108 times; GMP at 28%",
        "url": "https://urgent.news/2026/08/14/behari-lal-engineering-ipo-day-3-issue-subscribed-108-times-gmp-at-28",
        "published": "2026-08-14T03:38:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}