Behari Lal Engineering IPO
Behari Lal Engineering IPO
Overview
Behari Lal Engineering IPO is a book build issue of ₹301.62 crores. The issue is a combination of fresh issue of 0.33 crore shares aggregating to ₹93.00 crores and offer for sale of 0.73 crore shares aggregating to ₹208.62 crores. Behari Lal Engineering IPO opens for subscription on Aug 12, 2026 and closes on Aug 14, 2026. The allotment for the Behari Lal Engineering IPO is expected to be finalized on Aug 17, 2026. Behari Lal Engineering IPO will list on NSE and BSE with a tentative listing date fixed as Aug 19, 2026. Behari Lal Engineering IPO is set issue price band at ₹271 to ₹285 per share. The lot size for an application is 52 shares. The minimum amount of investment required by an individual investor (retail) is ₹14,820 (52 shares) (based on upper price). Emkay Global Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Total Shares
1,05,83,158
Issue Size
₹302 Cr
Price Band
₹271 – ₹285
Lot Size
52 shares
Min. Investment
₹14,820
Max. Investment
₹1,92,660
Open Date
12 Aug, 2026
Close Date
14 Aug, 2026
Allotment
17 Aug, 2026
Listing
19 Aug, 2026
Max. Investment
₹1,92,660
Announced
12 Aug, 2026
Opening Date
12 Aug, 2026
Closing Date
14 Aug, 2026
Basis of Allotment
17 Aug, 2026
Initiation of Refunds
18 Aug, 2026
Credit of Shares
18 Aug, 2026
Listing Date
19 Aug, 2026
Live GMP
Est. Listing: ₹310
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About Behari Lal Engineering IPO
Incorporated in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company specialising in customised engineering solutions. The company manufactures precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots and shafts.
- Metal Rolls across grades such as alloy cast steel, alloy steel base adamite, graphitic steel, and S.G. iron pearlitic.</
Behari Lal Engineering IPO Share Price
Issue Breakdown
Shareholding
Dilution: 8.4% increase in shares
Behari Lal Engineering IPO Financial Health
Behari Lal Engineering Ltd.'s revenue increased by 6% and profit after tax (PAT) rose by 22% between the financial year ending with March 31, 2026 and March 31, 2025.
Behari Lal Engineering IPO Lot Size
Investors can bid for a minimum of 52 shares and in multiples thereof.
| Application | Lots | 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 | 3484 | ₹9,92,940 |
| B-HNI (Min) | 68 | 3536 | ₹10,07,760 |
(All values in CR)
Behari Lal Engineering IPO Valuations
| Metric | Value |
|---|---|
| ROE | 23.60 |
| ROCE | 27.11 |
| Debt/Equity | 0.06 |
| RoNW | 21.12 |
| PAT Margin | 12.10 |
| EBITDA Margin | 18.97 |
| NAV | 78.41 |
| Price to Book Value | 3.63 |
| - | - |
(All values in CR)
Behari Lal Engineering IPO Strength & Risk
Behari Lal Engineering IPO – Strengths
- More than three decades of promoter experience in rolled and structural steel products and castings.
- Established market position with a diversified product mix and customer base.
- Growing focus on higher-value products such as metal rolls, tool steel and die steel has supported operating margins.
- Revenue increased from about ₹450 crore in FY24 to ₹516 crore in FY25, according to CRISIL.
- Healthy financial profile with limited reliance on debt and strong debt-protection metrics.
- The company has demonstrated volume growth and has invested periodically in capacity expansion.
Behari Lal Engineering IPO – Risks
- The company still operates at a relatively modest scale compared with larger industry players.
- Steel and engineering businesses are exposed to fluctuations in raw-material prices, which can affect margins.
- Sustaining the recent improvement in operating margins remains an important monitorable for the company.
- The business is exposed to cyclical demand in steel and engineering markets.
- Revenue growth depends partly on continued volume expansion and increasing sales of higher-value products.
- Competition from established steel and engineering manufacturers could put pressure on pricing and margins.
- The IPO includes an offer-for-sale component, meaning part of the issue proceeds will go to existing shareholders rather than the company. The reported issue size is about ₹302 crore, including roughly ₹93 crore of fresh issue and ₹209 crore of OFS.
Behari Lal Engineering IPO GMP
Behari Lal Engineering IPO last GMP is ₹25, last updated Aug 10th 2026 08:01 AM. With the upper price band of ₹285.00, Behari Lal Engineering IPO's estimated listing price is ₹310 (cap price + today's GMP). The expected percentage gain/loss per share is 8.77%. >> Behari Lal Engineering IPO Retail Subject to Sauda: ₹1000 >> Behari Lal Engineering IPO Small HNI Subject to Sauda: ₹14000 During this period, the GMP ranged from a low of ₹0.00 to a high of ₹30.00.
Last updated 10 Aug, 2026 · Source: aggregated grey-market dealers
| Date | IPO Price | GMP | Sub2 Sauda | Est. Listing | Est. Profit | Updated |
|---|---|---|---|---|---|---|
| 10 Aug, 2026 | 285 | ₹25 | - | ₹310 (8.77%) | 1300 | 10 Aug, 2026 |
| 09 Aug, 2026 | 285 | ₹25 | - | ₹310 (8.77%) | 1300 | 09 Aug, 2026 |
| 08 Aug, 2026 | 285 | ₹25▼ | - | ₹310 (8.77%) | 1300 | 08 Aug, 2026 |
| 07 Aug, 2026 | 285 | ₹30▲ | - | ₹315 (10.53%) | 1560 | 07 Aug, 2026 |
| 06 Aug, 2026 | 0 | ₹0 | - | ₹ (%) | - | 06 Aug, 2026 |
Disclaimer: GMP is an unofficial signal from grey-market dealers and is not regulated by SEBI. Use it alongside subscription data and other research for informed decision-making.
How to Apply for Behari Lal Engineering IPO
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