Shiprocket, Behari Lal Engineering make strong market debut

A day after stellar IPO listing of Milky Mist, two other companies’ logistics aggregator Shiprocket and integrated iron and steel manufacturing company Behari Lal Engineering Limited made strong debut on bourses on Wednesday.

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On the BSE, Shiprocket listed at Rs 129.50, a premium of 33.5 per cent from the issue price of Rs 97.

Also read: Milky Mist makes strong market debut

Shiprocket’s Rs 1,617.5 crore initial public offering was subscribed 99.38 times. The offer consisted of fresh issue of Rs 885.5 crore and an offer for sale of Rs 731.9 crore by existing investors.

The shares further surged and was last trading at Rs 144.60 on BSE.

Behari Lal Engineering listed at Rs 458 on BSE, nearly 61 per cent to its issue price of Rs 285.

The company came out with an IPO of Rs 301.62 crore, comprising of fresh issue of Rs 93 crore and offer for sale of Rs 208.62 crore. The issue was subscribed 108 times.

Behari Lal shares surged further and were last trading at Rs 512.10 on BSE.

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