IPO Issue Details
Issue Price / Price Band₹285 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size52 Shares per Lot
Total Issue Size1,05,83,158 shares (agg. up to ₹302 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh capital cum OFS
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 12 Aug 2026
Subscription CloseFri, 14 Aug 2026
Anchor AllotmentTue, 11 Aug 2026
Basis of AllotmentMon, 17 Aug 2026
Initiation of RefundsTue, 18 Aug 2026
Credit of Shares to DematTue, 18 Aug 2026
Listing DateWed, 19 Aug 2026
UPI Mandate Deadline5:00 PM on 14 Aug 2026 (Day 3)
Application & Investment Details
Retail — Min (1 Lots)14,820 — 52 shares
Retail — Max (13 Lots)₹192,660 (13 Lots)
HNI — Min (68 Lots)₹10,07,760 — 3,536 shares
EPS (Pre-IPO)₹16.56
EPS (Post-IPO)₹15.28
P/E Ratio (Pre-IPO)17.21x
P/E Ratio (Post-IPO)18.65x
Pre-IPO Promoter Holding3,90,39,325 shares
Post-IPO Promoter Holding4,23,02,482 shares
Fresh Issue Shares32,63,157 shares (agg. up to ₹93 Cr)
Offer for Sale Shares73,20,001 shares of ₹10 (agg. up to ₹209 Cr)
About Behari Lal Engineering Ltd
Incorporated in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company specialising in customised engineering solutions. The company manufactures precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots and shafts.Metal Rolls across grades such as alloy cast steel, alloy steel base adamite, graphitic steel, and S.G. iron pearlitic.Engineering Castings ranging from 500 kg to 20 MT for industries such as steel, iron, mining, aggregate crushers, power, and sugar.Alloy Steel Products, including carbon, alloy, and stainless steel bars in sections such as rounds, flats, hex, and round corner squares, with sizes from 6 mm to 230 mm, along with tool and valve steel.Forging Ingots and Forged Shafts/Blocks for use as raw materials in open-die and closed-die forging applications.As of March 31, 2026, the company has catered to 1825 domestic and international customers. Its customer base includes Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India, among others.The manufacturing operations comprise two units in Mandi Gobindgarh, Punjab. As of May 31, 2026, the company's order book stood at Rs 1,785.69 million.Competitive Strengths:Long standing relationships with a large number of customers spread across a wide array of end-user industriesDiversified product portfolio catering to varied application industriesStrategically located Manufacturing Facilities with advanced equipment and robust overlapping processesExperienced promoters and management teamTrack record of financial performance and consistent growth
Objects of the Issue
Behari Lal Engineering Ltd proposes to utilise the net proceeds from the Issue for the following objects:
1
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
19.59
2
purchase and installation of new roof-top solar panels at Manufacturing Facility 1
3.40
3
purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2
36.65
4
purchase and installation of new roof-top solar panels at Manufacturing Facility 2
3.40
5
Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
0.57
6
General Corporate Purposes
Shareholding & Lock-in
Pre-IPO Promoter Holding
3,90,39,325 shares
Post-IPO Promoter Holding
4,23,02,482 shares
Lock-in Period (30%)Wed, Sep 16, 2026
Lock-in Period (50%)Sun, Nov 15, 2026