Behari Lal Engineering’s initial public offering (IPO) closes on its final subscription day. Reported subscription levels vary across accounts, with the issue described as being subscribed around 7.78 times in one report and over 30 times in another. Both reports say the grey market premium (GMP) is Rs 80, indicating expectations for a higher-than-issue price on listing.
One outlet interprets the Rs 80 GMP as implying a potential listing premium of about 28%, based on the IPO price referenced in its calculation. The other outlet reiterates the same GMP figure while presenting a different subscription multiple. The difference in subscription figures reflects varying reported metrics or timing as the offer period ends, while the GMP figure is consistent across both sources. No additional details on final allotment or listing date are included in the provided excerpts.
