B

Behari Lal Engineering Ltd.

LISTED

Mainboard

GMP-

Subscription108.44×Overall

Min. Investment₹14,0921 lot × 52 shares

IPO Details

Issue Size₹301.62 Cr

Price Band₹271 – ₹285Per equity share

Lot Size52 SharesMin 1 lot (Retail)

Face Value₹10 / sharePaid-up equity

Total Shares1.06 CrOffered to public

Market Cap₹1,112.62 CrAt upper price band

QIB Quota20%Qualified Inst. Buyers

Retail Quota35%Non-inst. investors

IPO Timeline

Issue Opens12 Aug 2026

IPO subscription begins

Issue Closes14 Aug 2026

Last day to apply

Basis of Allotment17 Aug 2026

Allotment finalization

Listing Date19 Aug 2026

Trading begins on BSE & NSE

About & Business

Background
Industry
Promoters

Our Company was originally incorporated as ‘Behari Lal Ispat Private Limited’, at Jalandhar, Punjab as a private limited company under the Companies Act, 1956 and received a certificate of incorporation issued by the Registrar of Companies, Punjab, H.P. & Chandigarh on May 23, 1995. Subsequently, the name of our Company was changed to ‘Behari Lal Engineering Private Limited’ pursuant to a special resolution passed by the shareholders of our Company on August 5, 2024, and a fresh certificate of incorporation issued by the RoC on September 4, 2024. Thereafter, our Company was converted into a public limited company pursuant to a resolution passed by the Shareholders of our Company passed in their meeting on August 5, 2024, and the name of our Company was changed to its present name ‘Behari Lal Engineering Limited’, pursuant to a fresh certificate of incorporation issued by the RoC on September 21, 2024.

Major Events & Milestones

2012

Commenced production of steel ingots.

2014

Commenced production of steel ingots (Forging).

Commenced production of metal rolls.

Commenced production of steel casting.

Established machine shop at Manufacturing Facility 1.

2015

Commenced sale of non alloy steel rounds

Installed vacuum degassing at Manufacturing Facility 1.

2017

Commissioned no bake sand system at Manufacturing Facility 1.

Installed 183 kw rooftop solar pv plant at Manufacturing Facility 1.

2019

Installation of Induction Melting Furnace at Manufacturing Facility 1.

Commissioned first CNC lathe machine at Manufacturing Facility 1.

First dispatch of metal rolls to public sector undertaking.

2020

First export of steel casting to Finland

2021

Commissioned short blast machine at Manufacturing Facility 1.

Installed second rooftop solar pv plant at Manufacturing Facility 1.

Commissioned Heat Treatment Furnace with Water Quenching

2024

Received One Star Export House Export House Status by Directorate General of Foreign Trade.

Installed a new melting furnace with a capacity of 12 MT at Manufacturing Facility 1.

Amalgamation of Belco Special Steels Private Limited, Parkash Multimetals Private Limited and their respective Shareholders and Creditors with our Company pursuant Scheme of Amalgamation.

2025

Installed a heat treatment furnace of 150 MT capacity at Manufacturing Facility 1.

Installed 641.70 kw rooftop solar power plant at Manufacturing Facility 1.

Installed elemental analyser at Manufacturing Facility 1.

Commissioned CNC lathe machine (1500 x 6000) at Manufacturing Facility 1.

Objectives of the Issue

01Funding capital expenditure requirement for:
02a. purchase and installation of new (i) equipment / machinery (including computers, printers and computer peripherals) along with civil work for such installation; (ii) roof-top solar panels at Village Salani, Amloh Road, Mandi Gobindgarh, Punjab-147 301, India (Manufacturing Facility 1)
03b. purchase and installation of new (i) equipment / machinery along with civil work for such installation; (ii) roof-top solar panels at Village Turan, Amloh Road, Mandi Gobindgarh, Punjab 147 301, India (Manufacturing Facility 2)
04Repayment and/ or pre-payment, in full or part, of certain borrowings availed by our Company
05General corporate purposes

Agencies & Documents

Book Running Lead Managers (BRLMs)

Emkay Global Financial Services Ltd.
Systematix Corporate Services Ltd.

Registrar to the Issue

MUFG Intime India Pvt. Ltd.8108114949

IPO CalculatorListed

Price Band271 – 285Cut-off: ₹285 per share

Closes14 Aug 20265:00 PM IST

Select Lots

1

Shares52 shares

Price per share₹285 (cut-off)

Total Investment₹14,820

Subscription Status

108.44× Overall

Category	Subscribed	Shares Offered
Non Institutional Investors	165.32×	16,12,761
Qualified Institutional Buyers	165.33×	20,36,900
Retail Individual Investors	53.27×	37,63,108

Last updated: 7 Aug 2026, 09:42 AM IST