Behari Lal Engineering IPO Day 3: GMP at 28%, subscription stays strong. Should you subscribe?

Behari Lal Engineering’s Rs 302-crore IPO enters its final bidding day with strong investor demand and a 28% grey market premium. The issue was subscribed 7.78 times on Day 2, led by NIIs and retail investors. Allotment is expected on August 17, with listing scheduled for August 19 on NSE and BSE.
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