Behari Lal IPO was subscribed 118.07 times on Day 3, led by strong QIB demand

Behari Lal IPO was subscribed 118.07 times by 5:24 PM on Day 3, August 14, 2026. The public issue received bids for 80,38,28,324 shares against 68,08,212 shares available for subscription. The Qualified Institutional Buyers (QIBs) category led the demand with a subscription of 222.04 times, followed by Non-Institutional Investors (NIIs) at 167.95 times and Retail Individual Investors (RIIs) at 54.12 times.

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Subscription Status of Behari Lal IPO

Here are the subscription details for Behari Lal IPO Day 3, as of 5:24 PM:

Key Highlights – Day 3

• Overall subscription stood at 118.07 times on Day 3 (August 14, 2026).
• Qualified Institutional Buyers (QIBs) subscribed 222.04 times.
• Non-Institutional Investors (NIIs) subscribed 167.95 times.
• Retail Investors subscribed 54.12 times.
• Anchor investors had fully subscribed their allocated portion before the issue opened, with 31,74,946 shares allotted.
• Overall, the IPO received bids for 80,38,28,324 shares against 68,08,212 shares available for subscription by 5:24 PM on Day 3.

Key Highlights – Day 2

• Overall subscription stood at 8.34 times on Day 2 (August 13, 2026).
• Qualified Institutional Buyers (QIBs) subscribed 2.98 times.
• Non-Institutional Investors (NIIs) subscribed 11.09 times.
• Retail Investors subscribed 9.36 times.
• Anchor investors had fully subscribed their allocated portion before the issue opened, with 31,74,946 shares allotted.
• Overall, the IPO received bids for 5,67,88,056 shares against 68,08,212 shares available for subscription by 5:24 PM on Day 2.

Key Highlights – Day 1

• Overall subscription stood at 2.21 times on Day 1 (August 12, 2026).
• Qualified Institutional Buyers (QIBs) subscribed 0.98 times.
• Non-Institutional Investors (NIIs) subscribed 2.14 times.
• Retail Investors subscribed 2.74 times.
• Overall, the IPO was subscribed 2.21 times on the opening day.

About Behari Lal Engineering Limited

Behari Lal Engineering Limited is an integrated iron and steel manufacturing company that produces precision-engineered components for industrial applications. Its product portfolio includes metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts and blocks. These products are used across industries such as steel, automobile, mining, infrastructure and construction, power, aerospace and defence, and cement. The company serves domestic and international customers, with its products supplied across 21 countries since April 2024. The company operates two manufacturing facilities in Mandi Gobindgarh, Punjab, with steel melting, refining, foundry, heat treatment, machining and rolling capabilities, and has commenced construction of a third facility in the region.