Behari Lal Engineering IPO
Behari Lal Engineering IPO is a mainboard IPO raising ₹302 Cr at ₹271 – ₹285 a share. It listed on 19 Aug 2026 at ₹465, +63.2% against its issue price of ₹285, and trades at ₹444 today (+56.0% since issue). It was subscribed 108× in total.
108.4 times more demand than shares on offer
populated partly populated we hold nothing here — the tab says why
Who bid for it
| Investor category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| QIB Banks, funds and other large institutions | 20,36,900 | 33,67,52,156 | 165× |
| Foreign Institutional Investors | no separate quota | 5,49,65,664 | n/a |
| Domestic Financial Institutions | no separate quota | 19,51,43,728 | n/a |
| Mutual funds | no separate quota | 83,97,220 | n/a |
| Others | no separate quota | 7,82,45,544 | n/a |
| Non-institutional Wealthy individuals and companies bidding above ₹2 lakh | 16,12,761 | 26,66,14,140 | 165× |
| Non Institutional Investors | 10,75,174 | 17,17,57,300 | 160× |
| Corporates | no separate quota | 24,74,836 | n/a |
| Individuals | no separate quota | 16,27,82,412 | n/a |
| Others | no separate quota | 65,00,052 | n/a |
| Non Institutional Investors | 5,37,587 | 9,48,56,840 | 176× |
| Corporates | no separate quota | 3,92,704 | n/a |
| Individuals | no separate quota | 9,10,88,244 | n/a |
| Others | no separate quota | 33,75,892 | n/a |
| Retail Ordinary investors bidding up to ₹2 lakh | 37,63,108 | 20,04,63,744 | 53× |
| Cut Off | no separate quota | 17,20,90,152 | n/a |
| Price bids | no separate quota | 2,83,73,592 | n/a |
| Total | 74,12,769 | 80,38,30,040 | 108× |
Sub-categories read no separate quota rather than a dash: the exchange publishes bids at that level but never a reservation against them, so a subscription multiple does not exist — it is not missing data. Bids across both exchanges (NSE and BSE) — the figure usually quoted publicly. Last updated 15 Aug, 08:15 am IST.
Where the bids landed
Demand barely changes across the price band — bidders were not price-sensitive. 21% of the book was bid at cut-off — investors who accept whatever price is set.
Cumulative shares bid for at each price, across both exchanges. “Cut-off” means the investor accepts whatever final price is set — mostly small retail applications. A band where demand barely changes between the low and high price tells you bidders were not price-sensitive.
How demand built
Our own series — the exchanges publish a running total and never a history.25 readings held.
Institutions typically enter the book on the final day, which is why a day-one subscription figure tells you very little.