Behari Lal Engineering IPO 2026: GMP, Price Band, Subscription, Allotment, Lot Size & Listing Date

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Behari Lal Engineering Limited IPO
BL
Behari Lal Engineering Limited IPO
Iron & Steel Manufacturing · Customised Engineering · Metal Rolls & Castings · Forging Products
📋 Mainline IPO Fresh + OFS NSE, BSE
₹285
Upper Price
₹301.62 Cr
Issue Size
Aug 19, 2026
Listing Date
₹1,113.00 Cr
Market Cap (Pre)
📅 IPO Timetable
All dates tentative
🟢
IPO Opens
Wednesday, 12 August 2026
Bidding starts — apply before close
🔒
IPO Closes
Friday, 14 August 2026
Last day to bid — closes at 5:00 PM IST
📊
Basis of Allotment
Monday, 17 August 2026
Allotment finalised by registrar
🔄
Refund & Share Credit
Tuesday, 18 August 2026
Unallotted funds returned; shares credited to demat
🏷️
Wednesday, 19 August 2026
Trading begins from 10:00 AM IST
📋 IPO Details
IPO Open Date12 August 2026 (Wed)
IPO Close Date14 August 2026 (Fri)
Listing Date19 August 2026 (Wed)
Face Value₹10 per share
Price Band₹271 to ₹285
Issue Price (Upper Band)₹285 per share
Issue TypeBook Build — Fresh + OFS
Lot Size52 shares
Total Issue Size1,05,83,158 shares (₹301.62 Cr)
Fresh Issue32,63,157 shares (₹93.00 Cr)
Offer for Sale (OFS)73,20,001 shares (₹208.62 Cr)
Pre-Issue Shares3,90,39,325
Post-Issue Shares4,23,02,482
Promoter Holding (Pre)88.51%
Market Cap (Pre-IPO)₹1,113.00 Cr
Listing ExchangeNSE, BSE
Lead ManagerEmkay Global, Systematix
RegistrarMUFG Intime India Pvt.Ltd.
💰 Lot Size & Minimum Investment
At upper price ₹285
Investor TypeLotsSharesAmount
Retail — Minimum152₹14,820
Retail — Maximum13676₹1,92,660
S-HNI (sNII) — Min14728₹2,07,480
S-HNI (sNII) — Max673,484₹9,92,940
B-HNI (bNII) — Min683,536₹10,07,760
⚠️ Note: Investors can bid for a minimum of 52 shares and in multiples thereof. Retail individual investors can apply up to ₹2,00,000.
👥 Investor Reservation
Allocated portion of Net Offer
Not more than 50%
QIB Portion
Not less than 35%
Retail Portion
Not less than 15%
NII Portion
📊 Subscription Status
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📈 Company Financials
Restated Consolidated · ₹ Crore
Metric31 Mar 202631 Mar 202531 Mar 2024
Total Assets367.87295.98262.08
Total Income546.52516.30449.96
PAT64.6452.9535.79
EBITDA101.3281.3160.99
Net Worth306.10241.62193.66
Reserves & Surplus267.06233.81186.13
Total Borrowing17.787.5841.21
Income Growth
FY 2023–24₹449.96 Cr
FY 2024–25₹516.30 Cr
FY 2025–26₹546.52 Cr
🎯 Key Performance Indicators
23.60%
ROE
FY 2025–26
0.06
Debt/Equity
FY 2025–26
27.11%
ROCE
FY 2025–26
12.10%
PAT Margin
FY 2025–26
18.97%
EBITDA Margin
FY 2025–26
21.12%
RoNW
FY 2025–26
3.63x
Price/Book
FY 2025–26
₹178.57 Cr
Order Book
May 31, 2026
⚖️ Valuation & EPS
Pre-IPO EPS
₹16.56
FY26 earnings + pre-issue shares
P/E: 17.21x
Post-IPO EPS
₹15.28
FY26 earnings + post-issue shares
P/E: 18.65x
Price to Book Value
3.63x
At upper price band ₹285
Market Cap (Pre-IPO)
₹1,113.00 Cr
At issue price ₹285
ℹ️ Pre-IPO EPS (₹16.56) based on pre-issue shares (3,90,39,325) and FY26 earnings. Post-IPO EPS (₹15.28) accounts for the dilution resulting from the issuance of 32,63,157 fresh equity shares extending the total post-issue equity to 4,23,02,482 shares. Post-IPO Market Cap expands to ₹1,205.62 Cr.
🎯 Objects of the Issue
Net proceeds utilisation
1
Purchase and installation of new equipment/machinery and solar panels along with civil work at Manufacturing Facilities 1 & 2
₹63.04 Cr
2
Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
₹0.57 Cr
3
General Corporate Purposes
Balance
Total Fresh Issue Goal ₹93.00 Cr
🏢 About Behari Lal Engineering Ltd.
Est. 1995 · Mandi Gobindgarh, Punjab · Iron & Steel Products

Behari Lal Engineering Limited, incorporated in 1995, is an integrated iron and steel manufacturing enterprise specializing in custom-engineered industrial components. Operating out of Punjab’s steel manufacturing hub, the company produces mission-critical components tailored for heavy industrial engineering, steel rolling mills, power plants, sugar mills, and mining operations.

The company’s product portfolio includes high-grade metal rolls (alloy cast steel, adamite, S.G. iron pearlitic), heavy engineering castings ranging from 500 kg to 20 MT, precision alloy steel bars, forging ingots, and forged shafts/blocks. Operating two advanced manufacturing facilities in Mandi Gobindgarh, Behari Lal Engineering maintains long-standing partnerships with 1,825 domestic and international clients, supporting an active order book of ₹178.57 crores as of May 2026.

Brand Ecosystem
⚙️
Industrial Metal Rolls
Alloy cast steel, adamite, graphitic, and S.G. iron rolls for heavy rolling mills
🏗️
Heavy Castings
Engineering castings up to 20 MT for steel, mining, power, and sugar sectors
🔧
Alloy Steel Bars
Carbon, alloy, and stainless steel bars in rounds, flats, hex, and tool/valve grades
🔥
Forging Products
Forging ingots and open/closed die forged shafts and blocks for heavy machinery
Competitive Strengths
🤝Long-standing relationships with over 1,825 domestic and international industrial clients
⚙️Diversified engineered product portfolio catering to critical heavy application industries
🏭Strategically located manufacturing facilities in Mandi Gobindgarh with overlapping processes
📈Strong financial track record supported by low leverage (0.06 Debt/Equity) and robust margins
Company Promoters
PG
Parkash Chand Garg & Rajesh Garg
Promoters, Behari Lal Engineering Ltd.
DG
Dinesh Garg, Lovlish Garg & Bhuvnesh Garg
Promoters, Behari Lal Engineering Ltd.
📅 Key Dates
IPO Opens12 Aug 2026
IPO Closes14 Aug 2026
Allotment17 Aug 2026
Refund & Share Credit18 Aug 2026
Listing Day19 Aug 2026
💡 Quick Summary
Price Band₹271 – ₹285
Upper Price₹285 / share
Lot Size52 shares
Min. Investment (Retail)₹14,820
Issue Size₹301.62 Cr
ListingBSE, NSE
🏦 Registrar & Lead Manager
Registrar
MUFG Intime India Pvt.Ltd.
📞 022-49186000
[email protected]
Lead Manager
Emkay Global, Systematix
📍 Registered Address
Behari Lal Engineering Ltd.
Village Salani, Amloh Road,
Mandi Gobindgarh, Fatehgarh Sahib,
Punjab — 147301
📞 +91 17655 20694
[email protected]
🛡️ Regulatory Note: Mainline IPO investments are subject to SEBI regulations. Always read the Prospectus/RHP before applying. Consult a SEBI-registered advisor before investing.
⚠️ Disclaimer: This page presents publicly available information from the Behari Lal Engineering IPO RHP for informational purposes only. It does not constitute investment advice. IPO investments are subject to market risk. Please read all offer documents and consult a SEBI-registered advisor before investing.
📊
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