IPO of Behari Lal Engineering Gets Huge Investor Interest
Listen to the story
Behari Lal Engineering is a company in India. It wants to sell shares to the public. This is called an IPO.
People can buy shares in an IPO. This is called a subscription. Many people wanted to buy shares of this company. The IPO got 118 times more requests than the shares available. This means demand was very high.
There is also a number called GMP. GMP means grey market premium. It shows how much extra money people will pay for the share before it starts trading. For this company, the GMP reached 110 rupees.
Another company, Shiprocket, also closed its IPO today. Investors are now waiting to know the listing date. This is the day when the shares start trading on the stock market.
The company makes metal products. Metal prices can go up and down. This can affect the company's business.
Vocabulary15 words
- IPO
- when a company sells shares to the public for the first time
- subscription
- when people ask to buy shares in an IPO
- GMP
- extra price people pay for a share before it starts trading
- listing date
- the day shares start trading on the market
- shares
- small parts of a company that people can buy
- stock market
- a place where shares are bought and sold
- demand
- how much people want something
- metal prices
- the cost of metal
- investors
- people who put money into a company
- company
- a business that sells goods or services
- public
- all the people, not just a few
- trading
- buying and selling
- money
- cash used to buy things
- business
- work done to make money
- product
- a thing a company makes and sells
Quiz
Answer key
1. A company selling shares to the public for the first time 2. 118 times 3. True
Fill-in-the-blank listening
Play the audio again and fill in the missing words as you listen.
Behari Lal Engineering is a _____ in India.
It wants to sell _____ to the public.
This is called an _____.
The IPO got _____ times more requests than the shares available.
The GMP reached _____ rupees.
Another company, _____, also closed its IPO today.
Investors are waiting to know the _____ date.
The company makes _____ products.
Metal prices can affect the company's _____.