business ๐ Shiprocket vs Behari Lal: IPO Listing Showdown
Both Shiprocket and Behari Lal Engineering IPOs closed for subscription on Aug. 14. Shiprocket, based in India, showed a potential 38.14% listing gain, while Behari Lal Engineering indicated 28.77% premium. Shiprocket's IPO was a book build of Rs 1,617.48 crores, and Behari Lal Engineering's was Rs 301.62 crore. Both IPOs saw intense interest, being subscribed close to 100 times. Allotment for both is expected on Aug 17, with listing on Aug 19. ๐