Bihari Lal Engineering: Investors reap bonanza as shares list at 63% premium

A share priced Rs 285 in the IPO listed at Rs 465. That's the gain each share of Bihari Lal Engineering has generated. The company's shares listed on the NSE at Rs 465, a 63.16% surge from the issue price. Retail investors who acquired one lot made a profit of about Rs 9,300. HNI investors who acquired 14 lots made a profit of approximately Rs 1.31 lakh.

Kolkata: Behari Lal Engineering IPO listing took place today (August 19) and it made a strong debut in the stock market. The company’s shares were listed on Wednesday with a premium of 63.16%. Investors who invested in the company’s IPO seem to have made good profits on the day of listing itself. Retail investors who received one lot made a profit of around Rs 9,300, while HNI investors who received 14 lots made a profit of around Rs 1.31 lakh. Shares of this Punjab-based integrated metal products company were listed on the NSE at Rs 465. Even........

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