Behari Lal Engineering IPO subscribed 2.03 times on Day 1

Behari Lal Engineering Ltd is a company that makes iron and steel.

The company wanted to raise money by selling small pieces of itself, called shares, to the public.

This is called an IPO, which stands for Initial Public Offering.

The company planned to raise Rs 302 crore through this IPO.

On the very first day of selling, lots of people wanted to buy shares.

In fact, the IPO was subscribed 2.03 times, meaning people asked for more shares than were available.

Everyday individual investors showed especially strong interest in the offering.

Big companies, banks, and wealthy investors also took part.

Before the public bidding started, the company had already collected Rs 90.48 crore from special anchor investors.

The first day of bidding happened on Wednesday.