Behari Lal Engineering IPO is a book build issue of 1,05,83,158 shares (₹301.62 Cr.). The issue is a combination of a fresh issue of 32,63,157 shares (₹93.00 Cr.) and an offer for sale of 73,20,001 shares (₹208.62 Cr.).
The Behari Lal Engineering IPO will open on August 12, 2026, and close on August 14, 2026. The price band for the IPO is fixed at ₹271 to ₹285 per share. The minimum application size is 1 lot (52 shares), requiring a retail investor to invest at least ₹14,820 (based on the upper price band).
Behari Lal Engineering IPO Details
| Open Date | August 12, 2026 |
| Close Date | August 14, 2026 |
| Issue Type | Book Building Issue |
| Face Value | ₹10.00 Equity Share |
| Price Band | ₹271.00 – ₹285.00 Per Share |
| Listing On | BSE, NSE |
| Issue Size | ₹301.62 Cr. (1,05,83,158 Shares) |
| Fresh Issue | ₹93.00 Cr. (32,63,157 Shares) |
| Offer For Sale | ₹208.62 Cr. (73,20,001 Shares) |
| Prospectus | RHP | Anchor Investors |
Behari Lal Engineering IPO Reservation
A total of 1,05,83,158 shares are on offer in the Behari Lal Engineering IPO, of which 52,91,579 shares have been allotted to QIBs, 15,87,474 shares to NIIs, and 37,04,105 shares to RIIs.
| Category | Reservation | Shares Offered |
|---|---|---|
| QIB | 50.00% | 52,91,579 |
| NII | 15.00% | 15,87,474 |
| RII | 35.00% | 37,04,105 |
| Total | 100.00% | 1,05,83,158 |
Behari Lal Engineering IPO Market Lot
Retail investors can apply for the Behari Lal Engineering IPO with a minimum 1 lot of 52 shares for an application amount of ₹14,820 and a maximum 13 lots of 676 shares for an amount of ₹1,92,660.
| Application | Lot | Shares | Amount |
| Retail Minimum | 1 | 52 | ₹14,820 |
| Retail Maximum | 13 | 676 | ₹1,92,660 |
| S-HNI Minimum | 14 | 728 | ₹2,07,480 |
| S-HNI Maximum | 67 | 3,484 | ₹9,92,940 |
| B- HNI Minimum | 68 | 3,536 | ₹10,07,760 |
Key Performance Indicator
| KPI [March 31, 2026] | Value |
| Market Capitalisation | ₹1,205.62 Cr. |
| P/E Ratio | 17.21x |
| EPS | ₹16.56 |
| ROE | 23.60% |
| ROCE | 27.11% |
| RoNW | 21.12% |
| Dept/Equity | 0.06 |
| EBITDA Margin | 18.97% |
| PAT Margin | 12.10% |
| Net Assets Value | ₹78.41 |
| Price To Book Value | 3.63x |
Behari Lal Engineering IPO Peer Comparison
| Company | P/E | EPS | RoNW | NAV |
| Jayaswal Neco Industries Limited | 18.48x | ₹4.77 | 16.39% | ₹29.26 |
| AIA Engineering Limited | 34.43x | ₹136.11 | 15.53% | ₹859.98 |
| Steelcast Limited | 37.99x | ₹8.58 | 21.89% | ₹39.03 |
| RHI Magnesita India Limited | — | ₹-18.54 | -10.81% | ₹172.42 |
| Vardhman Special Steel Limited | 23.19x | ₹13.15 | 9.59% | ₹132.11 |
| IFGL Refractories Limited | 43.46x | ₹4.81 | 7.93% | ₹163.00 |
| Kennametal India Limited | 62.02x | ₹46.82 | 13.70% | ₹340.02 |
Behari Lal Engineering IPO Dates
Behari Lal Engineering IPO open for subscription August 12, 2026, and close date on August 14, 2026. The allotment will be finalized on August 17, 2026, and the IPO listing on August 19, 2026.
| Open Date | August 12, 2026 |
| Close Date | August 14, 2026 |
| Allotment Date | August 17, 2026 |
| Refund Date | August 18, 2026 |
| Share Credit Date | August 18, 2026 |
| Listing Date | August 19, 2026 |
Behari Lal Engineering Limited Company Financial Report
| Period Ended | Total Assets | Total Income | Total Expenses | Net Worth | Profit After Tax | EBITDA | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|---|---|
| March 2026 | ₹367.87 Cr. | ₹546.52 Cr. | ₹459.93 Cr. | ₹306.10 Cr. | ₹64.64 Cr. | ₹101.32 Cr. | ₹267.06 Cr. | ₹17.78 Cr. |
| March 2025 | ₹295.98 Cr. | ₹516.30 Cr. | ₹446.94 Cr. | ₹241.62 Cr. | ₹52.95 Cr. | ₹81.31 Cr. | ₹233.81 Cr. | ₹7.58 Cr. |
| March 2024 | ₹262.08 Cr. | ₹449.96 Cr. | ₹400.04 Cr. | ₹193.66 Cr. | ₹35.79 Cr. | ₹60.99 Cr. | ₹186.13 Cr. | ₹41.21 Cr. |
Company Promoters
- Parkash Chand Garg
- Rajesh Garg
- Dinesh Garg
- Lovlish Garg
- Bhuvnesh Garg
| Holding Pre Issue | 88.51% |
| Holding Post Issue | — |
Behari Lal Engineering IPO Lead Managers
- Emkay Global Financial Services Limited
- Systematix Corporate Services Limited
Behari Lal Engineering IPO Registrar
MUFG Intime India Private Limited
Phone: 022-49186000
Email: beharilalengineering.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
About Behari Lal Engineering Limited
Established in 1995, Behari Lal Engineering Limited is an integrated iron and steel manufacturing company specializing in customized engineering solutions and heavy industrial components. It manufactures precision-engineered products designed for critical industrial applications, including metal rolls, heavy engineering castings, special alloy steel products, forging ingots, and forged shafts. Its metal roll portfolio includes various metallurgical grades, including alloy cast steel, alloy steel base adamite, graphitic steel, and S.G. iron pearlitic. Furthermore, its engineering castings range in weight from 500 kilograms to 20 metric tons, meeting the needs of high-load sectors such as steel processing, iron manufacturing, mining operations, aggregate crushing, power generation, and the sugar industry.
The company, with its heavy casting capabilities, manufactures a wide range of carbon, alloy, and stainless steel products in various sections—rounds, flats, hexagons, and round-corner squares, among others. Sizing capabilities range from 6 mm to 230 mm. In addition, it also offers specialized tool and valve steel grades. The firm also manufactures forging ingots and forged shafts or blocks, which serve as essential raw materials for both open-die and closed-die forging applications. Operating from two dedicated manufacturing facilities in Mandi Gobindgarh, Punjab, the company utilizes advanced equipment and integrated, overlapping production processes to maintain quality standards and operational reliability.
Through its extensive product portfolio and customized engineering capabilities, it has built long-standing relationships with a large domestic and international client base. As of March 31, 2026, the company has served 1,825 customers worldwide, including renowned clients such as Amba Shakti Industries, BMW Industries, Shyam Metallics & Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India. Backed by an experienced promoter group, strong technical leadership, and a consistent track record of financial performance, the company maintains a strong order book of ₹1,785.69 million as of May 31, 2026.
Objects Of The Issue
- 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. (Estimated Ammount ₹19.59 Cr.)
- purchase and installation of new roof-top solar panels at Manufacturing Facility 1. (Estimated Ammount ₹3.40 Cr.)
- Purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2. (Estimated Ammount ₹36.65 Cr.)
- Purchase and installation of new roof-top solar panels at Manufacturing Facility 2. (Estimated Ammount ₹3.40 Cr.)
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company. (Estimated Ammount ₹0.57 Cr.)
- General Corporate Purposes
Company Address
Behari Lal Engineering Limited
Address: Village Salani
Amloh Road
Mandi Gobindgarh
Fatehgarh Sahib, Punjab, 147301
Phone: +91 17655 20694
Email: cs@beharilalgroup.co
Website: https://www.beharilalengineer/
Behari Lal Engineering IPO FAQs
What is Behari Lal Engineering IPO?
Behari Lal Engineering IPO is a MainBoard IPO of 1,05,83,158 equity shares of the face value of ₹10 aggregating up to ₹301.62 Crores. The IPO issue priced at ₹271 to ₹285 per share.
What are the open and close dates of the Behari Lal Engineering IPO?
The IPO will open on August 12, 2026 and will close on August 14, 2026.
What is the price band for Behari Lal Engineering IPO?
The price band for the IPO is fixed at ₹271 to ₹285 per share.
What is the issue size of the Behari Lal Engineering IPO?
The total issue size of the IPO is ₹301.62 Cr., comprising both fresh issue and offer for sale (if applicable).
What is Behari Lal Engineering IPO Minimum and Maximum Lot Size?
The minimum bid is 1 Lot, 52 Shares with ₹14,820 amount while the maximum bid is 13 Lot, 676 shares with ₹1,92,660 for the IPO.
What is Behari Lal Engineering IPO Investors Portion?
The investors’ portion for QIB 50%, NII 15%, RII 35% for the IPO.
When will the basis of allotment for the Behari Lal Engineering IPO be finalized?
The the IPO allotment is expected to be finalized on August 17, 2026.
When will the shares of Behari Lal Engineering IPO get listed?
The IPO shares are expected to be listed on the BSE and NSE on August 19, 2026.
This content has been researched and written by the IPO Investors Team…
Disclaimer: Readers are strongly advised to seek guidance from a qualified financial advisor before making any investment decisions. Relying solely on the content presented here for financial choices is done entirely at the reader’s own risk.
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