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Behari Lal Engineering IPO
Behari Lal Engineering Limited
Minimum investment
Behari Lal Engineering IPO Details
Bidding date
12 Aug - 14 Aug 2026
Price range
₹271 - ₹285
Minimum quantity
52
Minimum investment
₹14,092
Issue size
₹302 Cr.
IPO doc (link)
RHP docsListing exchange
NSE/BSE
Behari Lal Engineering IPO Dates & Timeline
IPO Objectives & Issue Structure
Total Issue Size:
₹302 Crore
Fresh Issue: 31% (₹93 Cr)
OFS: 69% (₹209 Cr)
Fresh Issue – ₹93 Crore
- Purchase & installation of new equipment/machinery with civil work at Manufacturing Facility 1 - ₹19.59 Cr
- Installation of rooftop solar panels at Manufacturing Facility 1 - ₹3.4 Cr
- Purchase & installation of new equipment/machinery with civil work at Manufacturing Facility 2 - ₹36.65 Cr
- Installation of rooftop solar panels at Manufacturing Facility 2 - ₹3.4 Cr
- Repayment / prepayment of certain borrowings - ₹0.57 Cr
Offer for Sale – ₹209 Crore
- Sale of shares by Existing Promoters and Investor Selling Shareholder (No proceeds will be received by the Company) - ₹208.62 Cr
Before Issue: 88.51%
After Issue: 65.43%
Shareholder Lock-in Schedule
Lock-in / Stabilization | Timeline |
|---|---|
Promoters' Shareholding | 1 Year from the Date of Allotment |
Pre-IPO Share Capital (Non-Promoters) | 6 Months from the Date of Allotment |
Anchor Investors (50% Allocation) | 30 Days from the Date of Allotment |
Anchor Investors (Remaining 50%) | 90 Days from the Date of Allotment |
Note: Retail IPO investors have no lock-in and can sell shares from the listing day.
Behari Lal Engineering IPO Subscription Status
Category | Subscription |
|---|---|
Qualified Institutional Buyers | 165.33x |
Retail Individual Investor | 53.27x |
Non-Institutional Investor | 165.32x |
Others | - |
Total | 108.52x |
About Behari Lal Engineering IPO: Company Overview
Founded in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company engaged in manufacturing precision-engineered products for critical industrial applications. The company specializes in metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts/blocks, serving industries such as steel, mining, power, sugar, cement, and engineering.
The company operates two manufacturing facilities in Mandi Gobindgarh, Punjab, equipped with advanced manufacturing infrastructure. As of March 31, 2026, Behari Lal Engineering had served 1,825 domestic and international customers, including leading companies such as BMW Industries, Shyam Metalics & Energy, Jai Balaji Industries, Metso India, MSP Steel & Power, Laxcon Steels, Amba Shakti Industries, and Propel Industries. As of May 31, 2026, the company had an order book worth Rs. 178.57 Crore, providing healthy business visibility. The company has also delivered consistent financial growth, with revenue increasing by 6% and PAT rising by 22% in FY2026 compared to FY2025.
Strengths & Risks of Behari Lal Engineering IPO
Established Industry Presence: Behari Lal Engineering has been operating for over 30 years, establishing a strong reputation in the iron and steel engineering industry with long-standing customer relationships.
Diversified Product Portfolio: The company manufactures a wide range of engineering products, including metal rolls, engineering castings, alloy steel products, and forged components, reducing dependence on a single product category.
Strong Customer Base: It serves more than 1,825 domestic and international customers, including several well-known industrial companies across multiple sectors.
Healthy Order Book: As of May 31, 2026, the company had an order book of Rs. 178.57 Crore, providing good revenue visibility for the near term.
Modern Manufacturing Facilities: The company operates two strategically located manufacturing facilities in Punjab equipped with advanced machinery and is further expanding its production capabilities.
Cyclical Industry Exposure: The company's performance depends on the iron, steel, engineering, and infrastructure sectors, making its business vulnerable to industry slowdowns.
Raw Material Price Volatility: Fluctuations in steel and other raw material prices could impact production costs and profit margins.
Dependence on Industrial Demand: A significant portion of revenue comes from industrial customers, so reduced demand from these sectors may affect business growth.
Manufacturing Concentration Risk: The company operates only two manufacturing facilities, making operations vulnerable to disruptions at either location.
High Offer for Sale Component: The IPO includes an Offer for Sale of Rs. 208.62 Crore, meaning a substantial portion of the issue proceeds will be received by existing shareholders instead of the company.
Behari Lal Engineering Financials: Revenue, Profit & EBITDA
546.52 Cr.
Mar'26
64.64 Cr.
Mar'26
101.32 Cr.
Mar'26
How to Apply for Behari Lal Engineering IPO: Step-by-Step Guide
- Research the IPO:Review the prospectus and company details.
- Open accounts:Ensure you have a demat and trading account.
- Check dates:Note the IPO opening and closing dates.
- Apply online:Log in to your brokerage account and complete the IPO application form.
- Make payment:Pay through your linked bank account.
- Submit application:Confirm and submit your application.
- Track status:Monitor the allotment status and check for shares in your demat account upon listing.
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