Behari Lal Engineering IPO Details Details

Behari Lal Engineering IPO is a book-built issue worth ₹301.62 crore, comprising a fresh issue of 0.33 crore shares aggregating to ₹93 crore and an Offer for Sale (OFS) of 0.73 crore shares aggregating to ₹208.62 crore. The IPO opens for subscription on August 12, 2026, and closes on August 14, 2026. The basis of allotment is expected to be finalized on August 17, 2026, while the shares are tentatively scheduled to list on the BSE and NSE on August 19, 2026. The company has fixed the price band at ₹271–₹285 per share. The minimum application size for retail investors is 52 shares, requiring an investment of ₹14,820 at the upper price band of ₹285 per share. Emkay Global Financial Services Ltd. is the Book Running Lead Manager (BRLM) to the issue, while MUFG Intime India Pvt. Ltd. is the registrar.

IPO Details

IPO Date 12 Aug 26
Listing Date 19 Aug 26
Face Value ₹10 per share
Price Band ₹271 to ₹285
Lot Size 52
Sale Type Fresh capital cum OFS
Issue Type Bookbuilding IPO
Listing At NSE, BSE
Total Issue Size ₹302 Cr
Fresh Issue
₹93 Cr
Offer for Sale
Share Holding Pre Issue 3,90,39,325 shares
Share Holding Post Issue 4,23,02,482 shares

IPO DRHP Status

Description Details

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Offer
Retail Shares Offered Not less than 35% of the Offer
NII Shares Offered Not less than 15% of the Offer

About Behari Lal Engineering IPO Details.


Incorporated in 1995, Behari Lal Engineering Limited is an integrated iron and steel manufacturing company specializing in customized engineering solutions and precision-engineered components for critical industrial applications. The company manufactures a diversified range of products, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts and blocks, catering to multiple industrial sectors. Product Portfolio Metal Rolls: The company manufactures metal rolls across various grades, including alloy cast steel, alloy steel base adamite, graphitic steel, and S.G. iron pearlitic, designed for demanding industrial applications. Engineering Castings: It produces engineering castings ranging from 500 kg to 20 MT, serving industries such as steel, iron, mining, aggregate crushing, power, and sugar. Alloy Steel Products: The portfolio includes carbon steel, alloy steel, and stainless steel bars in different sections such as rounds, flats, hexagons, and round-corner squares. Products are available in sizes ranging from 6 mm to 230 mm, along with specialized tool and valve steel. Forging Ingots & Forged Shafts/Blocks: The company manufactures forging ingots, shafts, and blocks that are used as raw materials for open-die and closed-die forging applications. Customers & Market Presence As of March 31, 2026, Behari Lal Engineering had served 1,825 domestic and international customers, demonstrating a diversified customer base across several end-user industries. Its key customers include Amba Shakti Industries, BMW Industries, Shyam Metalics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India, among others. Manufacturing & Order Book The company operates two manufacturing units in Mandi Gobindgarh, Punjab, a prominent iron and steel manufacturing hub. Its strategically located facilities are equipped with advanced machinery and integrated manufacturing processes. As of May 31, 2026, the company's order book stood at ₹178.57 crore (₹1,785.69 million), providing visibility into its near-term business pipeline. Competitive Strengths Established customer relationships: Long-standing relationships with a large and diversified base of domestic and international customers. Diversified product portfolio: Wide range of engineered iron and steel products serving multiple end-user industries and applications. Strategically located manufacturing facilities: Two manufacturing units in Mandi Gobindgarh supported by advanced equipment and integrated production processes. Broad industry exposure: Products cater to sectors including steel, mining, power, sugar, forging and aggregate crushing, reducing dependence on a single end-user industry. Experienced leadership: Promoters and management team with significant industry experience and execution capabilities. Financial track record: Established history of financial performance and consistent business growth.

Company Financials (Restated)

Period Ended 31 Mar 2026 31 Mar 2025 31 Mar 2024
Assets 367.87 295.98 262.08
Total Income 546.52 516.30 449.96
Profit After Tax 64.64 52.95 35.79
EBITDA 101.32 81.31 60.99
Net Worth 306.10 241.62 193.66
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
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 0.00

Key Performance Indicator (KPI)

KPI Mar 31, 2026 -
ROE 23.60%% -%
ROCE 27.11%% -%
Debt/Equity - -
RoNW 21.12%% -%
PAT Margin 12.10%% -%
EBITDA Margin 18.97%% -%

Key Performance Indicator (KPI)

Pre IPO Post IPO
EPS Rs 16.56 -
The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2026 available in RHP. The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2026 available in RHP

IPO Registrar

  • MUFG Intime India Pvt.Ltd.
  • 022-49186000
  • beharilalengineering.ipo@in.mpms.mufg.com
  • Visit Website

Contact Details

Behari Lal Engineering Ltd. Address
Village Salani Amloh Road Mandi Gobindgarh Fatehgarh Sahib, Punjab, 147301

IPO FAQs

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