Behari Lal Engineering

Behari Lal Engineering IPO

Listed

MainboardOpens 12 August 2026Closes 14 August 2026

Behari Lal Engineering Limited (originally incorporated in 1995 as Behari Lal Ispat Private Limited) is an integrated iron and steel manufacturing company providing specialized engineering and metallurgical solutions…

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Live GMPSubscriptionAllotment
Price band
₹271 - ₹285
Issue size
₹301.62 Cr
Lot size
52 shares
Type
Mainboard
GMP
₹133 (+46.7%)
Est. listing
₹418
Est. profit / app
₹6,916
Retail quota
35.00%

Key ratios

As per RHP / filings
Face value
₹10
EPS
16.56
P/E ratio
17.21
RoNW
21.12%
ROE
23.6%
Debt / Equity
0.06
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Timeline

  1. IPO Opens

    12 Aug 2026

  2. IPO Closes

    14 Aug 2026

  3. Allotment

    17 Aug 2026

  4. Listing

    19 Aug 2026

IPO Timeline & Listing Details

EventDate
IPO Open Date12 August 2026
IPO Close Date14 August 2026
Allotment Date17 August 2026
Listing Date19 August 2026

Investment Categories

CategoryLotsAmount
Retail (Min)
1₹14,820
Retail (Max)Just less than ₹2,00,000
13₹1,92,660
SHNI (Min)Just above ₹2,00,000
14₹2,07,480
SHNI (Max)Below ₹10,00,000
67₹9,92,940
BHNIAbove ₹10,00,000
68₹10,07,760

IPO Reservation Details

CategoryReservation
QIB (Qualified Institutional Buyer)50.00%
NII (Non-Institutional Investor)15.00%
SHNI (Small Non-Institutional Investor)5.00%
BHNI (Big Non-Institutional Investor)10.00%
Retail35.00%
Total100.00%

IPO Objectives

  • Funding capital expenditure for purchase and installation of new machinery and roof-top solar panels at Manufacturing Facility 1 (₹32.99 Cr).
  • Funding capital expenditure for purchase and installation of new machinery and roof-top solar panels at Manufacturing Facility 2 (₹40.05 Cr).
  • Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company (₹0.57 Cr).
  • General Corporate Purposes.

Strengths

  • Integrated iron and steel manufacturer offering specialized engineering and metallurgical solutions.
  • Diversified product portfolio covering metal rolls, engineering castings, alloy steel products, and forging ingots.
  • Long-standing relationships with over 1,600 domestic and international industrial customers.
  • Established manufacturing footprint with aggregate capacity of 119,464 MT across two facilities in Mandi Gobindgarh, Punjab.

Weaknesses

  • High revenue concentration among top 10 customers (~38% of revenue in FY26).
  • Absence of long-term customer purchase agreements, relying on purchase orders.
  • Heavily dependent on alloy steel, metal rolls, and engineering casting segments (over 90% of revenue).
  • Exposure to raw material price volatility (scrap, ferro alloys) and energy-intensive manufacturing processes.
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Financial Performance

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets (₹ Cr.)367.87295.98262.08
Revenue (₹ Cr.)546.52516.3449.96
PAT (₹ Cr.)64.6452.9535.79
Net Worth (₹ Cr.)306.1241.62193.66

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Behari Lal Engineering3.6317.2121.12%306.1
Kennametal India Ltd.9.0552.4113.9%293.77
IFGL Refractories Ltd.1.3338.313.15%163

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0.98x2.98x222.04x
NII2.14x11.28x167.84x
S-HNI3.87x16.22x178.92x
B-HNI1.28x8.82x162.29x
RII2.74x9.52x53.69x
Total2.21x8.47x117.81x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB15,16,63333,67,52,1569,597.44
NII15,87,47426,64,33,7527,593.36
Small NII5,29,1589,46,76,4522,698.28
Big NII10,58,31617,17,57,3004,895.08
RII37,04,10519,88,78,2645,668.03
Total68,08,21280,20,64,17222,858.83
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Company Details

Registrar Details

Frequently Asked Questions

What does Behari Lal Engineering Limited do?
Behari Lal Engineering Limited manufactures customized metal rolls, heavy engineering castings, alloy steel bars, and forging ingots/shafts for steel, mining, infrastructure, and heavy engineering industries.
What are the IPO dates for Behari Lal Engineering IPO?
The Behari Lal Engineering IPO opens for public subscription on August 12, 2026, and closes on August 14, 2026. The anchor investor bidding date is August 11, 2026.
What is the price band and minimum investment for Behari Lal Engineering IPO?
The price band is fixed at ₹271 to ₹285 per share. Retail investors can apply for a minimum lot of 52 shares, requiring an investment of ₹14,820 at the upper price band.
What is the issue size of Behari Lal Engineering IPO?
The total issue size is ₹301.62 Crores, comprising a Fresh Issue of ₹93.00 Crores and an Offer for Sale (OFS) of ₹208.62 Crores (7,320,001 shares).
What is the Behari Lal Engineering IPO listing date?
The equity shares of Behari Lal Engineering Limited are tentatively scheduled to list on BSE and NSE on August 19, 2026.

Behari Lal Engineering IPO News & Updates

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Behari Lal Engineering IPO IPO Pages

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Behari Lal Engineering IPO Details

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Behari Lal Engineering IPO GMP

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Behari Lal Engineering IPO Subscription

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Behari Lal Engineering IPO Allotment

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Behari Lal Engineering IPO Review

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Behari Lal Engineering IPO FAQ

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Behari Lal Engineering IPO Registrar

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Behari Lal Engineering IPO Timeline

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Behari Lal Engineering IPO News

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Sources

We match Behari Lal Engineering IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.

  • SEBIRules for IPO allotment and disclosures in India
  • NSEExchange notices, bidding data, and listing updates
  • BSEExchange notices and IPO allotment check tools
  • RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
  • MUFG Intime India Private LimitedOfficial site to check allotment status for this IPO

Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.

Reviewed by

Dinesh Agrawal · Lead IPO Analyst

15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.

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