Mumbai: Shares of Punjab-based Behari Lal Engineering Limited, which is an integrated iron and steel manufacturing company specializing in customized engineering solutions, listed at Rs 465 on the exchange, a premium of 63.2% to IPO price.

The scrip reached a high of Rs 537 on the NSE, and Rs 537.35 on the BSE.

The scrip closed at Rs 502.55 on the BSE and Rs 502.2 on NSE.

As per NSE, the total quantity traded stood at 376.18 lakh shares, on BSE the total Quantity stood at 29.68 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 2030.9 crore.

The Market Capitalisation of the Company at today’s closing price stood at Rs 2,125.91 crore as per BSE and Rs 2,148.97 crore as per NSE.

The issue received bids of 80,38,30,040 equity shares against the offered 74,12,769 equity shares, according to data available on the stock exchanges.

Qualified Institutional Buyers (QIB) and Retail Portion were subscribed 165.33 times and 53.27 times, respectively. Non-Institutional Investors (NII) portion was subscribed 165.32 times.