Behari Lal Engineering raises Rs 90.5 cr from anchor investors ahead of IPO

Behari Lal Engineering Ltd has secured Rs 90.48 crore from anchor investors. The integrated iron and steel manufacturer's IPO opens for subscription on August 12. The company plans to utilize fresh issue proceeds for facility upgrades and expansion. Funds will also support solar panel installation and debt repayment. The public issue comprises a fresh issue and an offer-for-sale.