Behari Lal Engineering IPO opens for subscription on August 12th, 2026 and closes on August 14th, 2026, with a price band of ₹271 to ₹285 per share.
This is a mainboard book-building IPO that will list on the NSE and BSE platforms on August 19th, 2026.
The company is issuing a fresh issue of approx ₹93.0 crore and 73,20,001 shares as an offer for sale to the public.
The Behari Lal Engineering IPO is a book-building mainboard IPO that is fixed to be open on 12th August 2026 and close on 14th August 2026. It includes both fresh issue and offer for sale to the public of approx ₹302 crore, and is scheduled to be listed on the NSE and BSE platforms on 19th August 2026.
The primary objective of this IPO is to raise funds for repayment of outstanding borrowings, purchasing and installing machinery and equipment and rooftop solar panels for both Manufacturing Facility 1 and 2, and general corporate purposes.
Behari Lal Engineering IPO Key Details
The table below presents the essential details investors should know before applying for the Behari Lal Engineering IPO.
| IPO Open Date | 12 August 2026 |
| Close Date | 14 August 2026 |
| Face value | ₹10 per share |
| Price Band | ₹271 to ₹285 |
| IPO Lot Size | 52 shares |
| Fresh issue | ₹93.0 cr approx |
| Offer for Sale | 73,20,001 |
| Type of issue | Book-building |
| Listing at | NSE and BSE |
| Total Issue Size (₹ Crore) | ₹302 approx |
| Minimum Investment | 1 lot or 52 shares |
Behari Lal Engineering IPO Timeline
Below is the complete schedule of events for the Behari Lal Engineering IPO.
| Bid Opening | 12 August 2026 |
| Bid Closing | 14 August 2026 |
| Tentative Allotment | 17 August 2026 |
| Initiation of Refunds | 18 August 2026 |
| Credit of Shares to Demat | 18 August 2026 |
| Tentative Listing Date | 19 August 2026 |
| UPI mandate closing date | 14 August 2026 |
Key Performance Indicators of Behari Lal Engineering IPO
These financial ratios highlight the company’s profitability, capital efficiency, and overall financial performance over the past three financial years.
| 31-03-2026 | 31-03-2025 | 31-03-2024 | |
| ROE (%) | 23.60 | 24.31 | 22.83 |
| ROCE (%) | 27.11 | 28.24 | 21.98 |
| Debt Equity (in times) | 0.06 | 0.03 | 0.21 |
| RoNW (%) | 21.12 | 21.92 | 18.48 |
| PAT Margin (%) | 12.10 | 10.43 | 8.02 |
| EBITDA margin (%) | 18.97 | 16.01 | 13.67 |
| Price to book | 3.63 |
Behari Lal Engineering IPO Financial Details
The Financial information of the Behari Lal Engineering IPO is as follows.
| FY 2025-2026 | FY 2024-2025 | FY 2023-2024 | |
| Revenue | 534.02 | 507.91 | 449.95 |
| Total Asset | 367.87 | 295.97 | 262.08 |
| Profit | 64.63 | 52.95 | 35.79 |
Behari Lal Engineering IPO Subscription Status
The subscription data is not available yet.
Bidding is open from 10:00 AM to 5:00 PM on public issue days.
Behari Lal Engineering IPO Grey Market Premium (GMP)
The current status of the Grey Market Premium for the Behari Lal Engineering IPO shows a GMP of ₹53. Therefore, according to the status, the estimated listing price is ₹338, with an estimated gain of 18.60%.
| GMP Date | GMP | Est. Listing Price | Est. Gain | Last updated |
| 10-08-2026 | ₹53 | ₹338.00 | 18.60% | 10-08-2026, 14:54 |
| 09-08-2026 | ₹25 | ₹310.00 | 8.77% | 09-08-2026, 23:35 |
| 08-08-2026 | ₹25 | ₹310.00 | 8.77% | 08-08-2026, 23:32 |
| 07-08-2026 | ₹30 | ₹315.00 | 10.53% | 07-08-2026, 23:30 |
| 06-08-2026 | ₹ | 06-08-2026, 22:20 |
GMP is the premium value of the share in the unofficial market before it opens for subscription.
Behari Lal Engineering IPO Reservation
The following table shows the distribution of shares reserved for retail investors, QIBs, and NIIs under the IPO.
| Investor Category | Offered No. of Shares |
| Market maker | |
| QIBs | Not more than 50% of the net offer |
| NIIs | Not less than 15% of the net offer |
| Retails | Not less than 35% of the net offer |
| Total |
Behari Lal Engineering IPO Lot Sizes
Investors can refer to the minimum and maximum investment requirements for each investor category as per the prescribed lot size.
| Application | Lot | Shares | Amount |
| Retail (Min) | 1 | 52 | ₹14,820 |
| Retail (Max) | 13 | 676 | ₹1,92,660 |
| S-HNI (Min) | 14 | 728 | ₹2,07,480 |
| S-HNI (Max) | 67 | 3,484 | ₹9,92,940 |
| B-HNI (Min) | 68 | 3,536 | ₹10,07,760 |
Behari Lal Engineering IPO Prospectus
Investors can access the offered prospectus for the Behari Lal Engineering IPO mentioned below.
About Behari Lal Engineering Ltd.
Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company, which was incorporated in 1995. The company has two units in Punjab and serves a total of 1825 domestic and international customers, including BMW Industries, Shyam Metallics and Energy, MSP Steel and Power, and many more.
The company has maintained a diversified product portfolio, including engineering castings, alloy steel products, forging ingots and blocks, catering to the industrial and engineering sectors.
Promoters:
- Prakash Chand Garg
- Rajesh Garg
- Dinesh Garg
- Lovlish Garg
- Bhuvnesh Garg
| Book Runner | Emkay Global Financial Services Ltd. Systematix Corporate Services Ltd. |
| Issue Registrar | MUFG Intime India Pvt. Ltd. |
Purpose of Behari Lal Engineering IPO
The company intends to deploy the funds raised through this public issue toward specific operational and strategic goals, as detailed in the table below.
| Particulars | Estimated Amount in ₹ Crores |
| For purchasing and installing new machinery and equipment for Manufacturing facility 1 | 19.58 |
| For purchasing and installing roof-top solar panels for Manufacturing facility 1 | 3.4 |
| For purchasing and installing new machinery and equipment for Manufacturing facility 2 | 36.65 |
| For purchasing and installing roof-top solar panels for Manufacturing facility 2 | 3.4 |
| For repayment and prepayment of outstanding borrowing | 0.57 |
| General corporate purpose | _ |
| Total | _ |
Behari Lal Engineering Ltd.- Strengths and benefits
- Behari Lal Engineering Ltd has been operating since 1995, creating a large customer base of 1825 national and international companies.
- It has a diversified product portfolio, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged blocks.
- It has recorded gradual improvement in financial performance, supported by experienced management teams and promoters.
Behari Lal Engineering Ltd- Risks and limitations
- The company depends on the demand for steel and iron supplies, making it prone to negative impact during market declines or demand slowdowns.
- The company faces heavy competition from large and established steel and engineering companies that have larger production capabilities.
- The company requires huge capital for investing in machinery, equipment, and their maintenance. Therefore, a large amount of its capital goes into the company’s machinery and equipment requirements.
Behari Lal Engineering IPO Review
The Behari Lal Engineering IPO is a book-built mainboard IPO that is scheduled to open on August 12th, 2026 and close on August 14th, 2026. The company has fixed its price range at ₹271 to ₹285 per share with a lot size consisting of 52 shares.
The premium market data shows a GMP of ₹53 per share, with an estimated listing price of ₹338. The IPO enables access to an established steel and engineering company that has been delivering strong financial performance in the last few years. However, investors must evaluate the steel industry and company fundamentals before investing.
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Behari Lal Engineering IPO FAQs
The Behari Lal Engineering IPO is a book-built public issue comprising a fresh issue of approximately ₹93 crore and an offer for sale of 73,20,001 shares. The price band is ₹271 to ₹285 per share.
Investors can apply through their trading or demat account using the ASBA facility or UPI-supported IPO application process, subject to their eligibility and the applicable application rules.
The company has reported improving revenue, profitability and return ratios, along with low debt. However, investors should also assess steel-price volatility, industry cyclicality, competition and the IPO valuation before deciding whether the issue suits their investment objectives.
The IPO is scheduled to open for subscription on August 12, 2026, and close on August 14, 2026.
The IPO lot size is 52 shares. At the upper price band of ₹285, one lot requires a minimum investment of ₹14,820.
The tentative allotment date of the Behari Lal Engineering IPO is August 17, 2026.
The tentative listing date of the Behari Lal Engineering IPO is August 19, 2026, on the NSE and BSE.
