Behari Lal Engineering IPO
GMP, Subscription, Price, Dates & Financial Details
Steel & Iron Products
Established in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company engaged in producing precision-engineered products and delivering customized engineering solutions for a wide range of industrial applications. The company caters to industries such as steel,…
Open Date
Wed, 12 Aug 2026
Close Date
Fri, 14 Aug 2026
Price Band
₹ 271 – 285
Lot Size
52
Issue Size
₹ 301.62 Cr
Minimum Investment
₹ 14,820 (52 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Behari Lal Engineering IPO subscription has closed. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹302 Crore, comprising a fresh issue of 32.63 Lakh equity shares aggregating to ₹93.00 Crore and an offer for sale (OFS) of 73.20 Lakh equity shares aggregating to ₹208.62 Crore by the existing shareholders.
The company had fixed the price band at ₹271 to ₹285 per share, with a lot size of 52 shares. Retail investors were required to make a minimum investment of ₹14,820 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited is the registrar to the issue. Emkay Global Financial Services Ltd, and Systematix Corporate Services Limited are the Book Running Lead Managers (BRLMs) to the issue.
With the subscription period now closed, investors can expect the basis of allotment to be finalized on August 17, 2026. Successful applicants are likely to receive shares in their demat accounts before the tentative listing on the NSE and BSE on August 19, 2026.
Behari Lal Engineering IPO Timeline (Tentative)
- IPO Open Date
- Wed, 12 Aug 26
- IPO Close Date
- Fri, 14 Aug 26
- Basis of Allotment
- Mon, 17 Aug 26
- Initiation of Refunds
- Tue, 18 Aug 26
- Credit of Shares to Demat
- Tue, 18 Aug 26
- Listing Date
- Wed, 19 Aug 26 — NSE & BSE
Open Date
12 August 2026
Close Date
14 August 2026
Basis Of Allotment
17 August 2026
Listing Date
19 August 2026
IPO Subscription
Check Live Subscription →The Behari Lal Engineering IPO has received bids for 80,38,30,040 shares against 74,12,769 shares offered, resulting in an overall subscription of 108.44x. the NII category is subscribed 165.32x, Retail Investors 53.27x, and QIBs 165.33x. Within the NII category, BNII is subscribed 159.75x, while SNII is subscribed 176.45x.
QIB
165.33x
NII
165.32x
BNII
159.75x
SNII
176.45x
RII
53.27x
Total
108.44x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 37,63,108 shares, representing 35.56% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 20,36,900 shares (19.25%), while Non-Institutional Investors (NIIs) receive 16,12,761 shares (15.24%).
| Category | Shares Offered | Shares Offered |
|---|---|---|
| Anchor Investors | 3,170,389 | 29.96% |
| Qualified Institutions | 2,036,900 | 19.25% |
| Non-Institutional | 1,612,761 | 15.24% |
| BNII | 1,075,174 | 10.16% |
| SNII | 537,587 | 5.08% |
| Retail Investors | 3,763,108 | 35.56% |
| Total | 10,583,158 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 367.87 | 295.98 | 262.08 |
| Revenue | 546.52 | 516.3 | 449.96 |
| Profit After Tax | 64.64 | 52.95 | 35.79 |
| Net Worth | 306.1 | 241.62 | 193.66 |
| Reserve & Surplus | 267.06 | 233.81 | 186.13 |
| Total Borrowings | 17.78 | 7.58 | 41.21 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Behari Lal Engineering Limited KPI Information
| Particular | Mar 2026 | Mar 2025 | Mar 2024 |
|---|---|---|---|
| ROE % | 23.6 | 24.31 | 22.83 |
| ROCE % | 27.11 | 28.24 | 21.98 |
| Debt / Equity | 0.06 | 0.03 | 0.21 |
| RoNW % | 21.12 | 21.92 | 18.48 |
| Pat Margin % | 12.1 | 10.43 | 8.02 |
Peers Comparison
| Company | Face Value | PE Ratio | EPS Basic | EPS Diluted | RoNW | Net Assets |
|---|---|---|---|---|---|---|
| Behari Lal Engineering Ltd. | 10 | 0 | 16.56 | 16.56 | 21.12 | 78.41 |
| Jayaswal Neco Industries Ltd. | 10 | 18.48 | 4.77 | 4.77 | 16.39 | 29.26 |
| AIA Engineering Ltd. | 2 | 34.43 | 136.11 | 136.11 | 15.53 | 859.98 |
| Steelcast Limited | 1 | 37.99 | 8.58 | 8.58 | 21.89 | 39.03 |
| RHI Magnesita India Ltd. | 1 | 0 | -18.54 | -18.54 | -10.81 | 172.42 |
About Behari Lal Engineering Limited
Established in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company engaged in producing precision-engineered products and delivering customized engineering solutions for a wide range of industrial applications. The company caters to industries such as steel, mining, power, sugar, cement, and heavy engineering through its diversified product portfolio.
Product Portfolio
- Metal Rolls: Manufactures high-performance metal rolls in various grades, including alloy cast steel, alloy steel base adamite, graphitic steel, and S.G. iron pearlitic, primarily used in rolling mill applications.
- Engineering Castings: Produces engineering castings weighing from 500 kg to 20 metric tonnes, serving industries such as steel, iron, mining, aggregate crushers, power generation, and sugar manufacturing.
- Alloy Steel Products: Offers a broad range of carbon steel, alloy steel, and stainless steel bars in multiple sections, including rounds, flats, hexagonal bars, and round-corner squares. The products are available in sizes ranging from 6 mm to 230 mm, along with specialized tool steel and valve steel grades.
- Forging Ingots and Forged Components: Manufactures forging ingots and forged shafts/blocks that are used as raw materials for both open-die and closed-die forging applications across various engineering industries.
Customer Base
As of March 31, 2026, the company had served 1,825 domestic and international customers. Its diversified customer portfolio includes prominent companies such as Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India, among others.
Manufacturing Facilities
Behari Lal Engineering Ltd. operates two manufacturing units located in Mandi Gobindgarh, Punjab, a well-established steel manufacturing hub. These facilities are equipped to support the company's integrated production processes and meet the requirements of customers across multiple industrial sectors.
Order Book
As of May 31, 2026, the company had an order book valued at approximately ₹1,785.69 million, providing strong revenue visibility and reflecting sustained demand for its engineering and steel products.
Behari Lal Engineering IPO Promoters
- Parkash Chand Garg
- Rajesh Garg
- Dinesh Garg
- Lovlish Garg
- Bhuvnesh Garg
Promoters Holding
Holding Pre Issue
88.51%
Holding Post Issue
70.84%
Behari Lal Engineering IPO Objective
The Company Behari Lal Engineering IPO proposes to utilise the Net Proceeds from the Issue towards the following objects.
- Funding capital expenditure requirement for: purchase and installation of new equipment / machinery (including computers, printers and computer peripherals) along with civil work for such installation at Manufacturing Facility 1
- purchase and installation of new roof-top solar panels at Manufacturing Facility 1
- purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2
- purchase and installation of new roof-top solar panels at Manufacturing Facility 2
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
- General corporate purposes
Behari Lal Engineering Limited Address / Contact Details
Behari Lal Engineering Ltd.
Village Salani
Amloh Road
Mandi Gobindgarh
Fatehgarh Sahib, Punjab, 147301
Phone: +91 17655 20694
Email: cs@beharilalgroup.co
Website: https://www.beharilalengineering.com/
IPO Snapshot
Behari Lal Engineering IPO Lot Size
The Behari Lal Engineering IPO has a lot size of 52 shares. Retail investors require a minimum investment of ₹14,820 by applying for 1 lot (52 shares). The maximum application allowed for the retail category is 13 lots (676 shares), requiring an investment of ₹1,92,660.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 52 | 14,820.00 |
| Retail (Max) | 13 | 676 | 192,660.00 |
| S-HNI (Min) | 14 | 728 | 207,480.00 |
| S-HNI (Max) | 67 | 3,484 | 992,940.00 |
| B-HNI (Min) | 68 | 3,536 | 1,007,760.00 |
Issue Reservation
- Anchor Investors — 29.96%
- QIB — 19.25%
- NII — 15.24%
- RII — 35.56%
Book Running Lead Managers
- Emkay Global Financial Services Ltd
- Systematix Corporate Services Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Behari Lal Engineering IPO?
Behari Lal Engineering IPO is a Book-building IPO with a total issue size of ₹301.62 crore. The Behari Lal Engineering IPO price band is ₹271 to 285 per share. The Behari Lal Engineering IPO subscription opens on Wed, Aug 12, 2026, and closes on Fri, Aug 14, 2026. The Behari Lal Engineering IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Behari Lal Engineering IPO.
When will the Behari Lal Engineering IPO open for subscription?
The Behari Lal Engineering IPO opens on Wed, Aug 12, 2026 and closes on Fri, Aug 14, 2026
What is Behari Lal Engineering IPO Price Band?
Behari Lal Engineering IPO Price Band is ₹271 to 285 per share.
What is Behari Lal Engineering IPO Lot Size?
Behari Lal Engineering IPO lot size is 52 shares, Retail investors need a minimum investment of ₹14820 based on the upper price band
What is the minimum investment for Behari Lal Engineering IPO?
The minimum investment for Behari Lal Engineering IPO is ₹14820, based on one lot of 52 shares at the upper price band of ₹285 per share.
How to apply for Behari Lal Engineering IPO?
Investors can apply for the Behari Lal Engineering IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, Aug 14, 2026. The application amount remains blocked until the Behari Lal Engineering IPO allotment is finalized.
What is Behari Lal Engineering IPO Issue Size?
Behari Lal Engineering IPO issue size is ₹301.62 crores.
What is the Behari Lal Engineering IPO Allotment Date?
Behari Lal Engineering IPO allotment date is Mon, Aug 17, 2026.
Who is the Behari Lal Engineering IPO Registrar?
The registrar for Behari Lal Engineering IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Behari Lal Engineering IPO allotment status, refund processing, and other IPO-related information.
What is the Behari Lal Engineering IPO GMP?
The Behari Lal Engineering IPO GMP (Grey Market Premium) is ₹30 as of Fri, Aug 7, 2026. Based on the upper price band of ₹285 per share, the estimated Behari Lal Engineering IPO listing price is ₹315, indicating a potential listing gain of approximately 10.53% over the issue price.
Who is the Behari Lal Engineering IPO Lead Manager?
The book-running lead managers (BRLMs) for the Behari Lal Engineering IPO are Systematix Corporate Services Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Behari Lal Engineering IPO Red Herring Prospectus (RHP).