Behari Lal Engineering was incorporated on May 23, 1995. The company is an integrated iron and steel manufacturer specialising in customised engineering solutions, including metal rolls, alloy steel products, castings, forging ingots, and forged shafts/blocks. With advanced facilities and a skilled workforce, it supplies precision-engineered components for industries such as automotive, steel, mining, infrastructure, power, aerospace, defence, and cement
| Bidding Dates |
|---|
| 12 Aug 2026 - 14 Aug 2026 |
| Subscription |
|---|
| 108.44x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,092 | 1 | 13 | 52 | 10.6 M | ₹271 - ₹285 | 70.84 % | ₹2868.0 M - ₹3016.2 M | RHP DOC |
Behari Lal Engineering IPO SUBSCRIPTION STATUS
14 Aug '26Behari Lal Engineering IPO overall subscription rate was 108.44 times the total available shares
Behari Lal Engineering IPO retail subscription rate was 53.27 times in the retail segment
Behari Lal Engineering IPO non-institutional investor subscription rate was 165.32 times in the non-institutional investor category
Behari Lal Engineering IPO Qualified Institutional Bidder subscription rate was 165.33 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
14 Aug 2026 (Day 3) | 53.27x | 165.32x | 165.33x |
13 Aug 2026 (Day 2) | 9.36x | 11.11x | 2.22x |
12 Aug 2026 (Day 1) | 2.7x | 2.11x | 0.73x |
Behari Lal Engineering FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY26 | 534.0 | 64.6 | 27.5 | 1.1 | 19.0% |
| FY25 | 507.9 | 53.0 | 61.9 | 35.9 | 16.0% |
| FY24 | 446.1 | 35.8 | 37.1 | 22.3 | 13.7% |
Behari Lal Engineering IPO SUBSCRIPTION STATUS DETAILS
Behari Lal Engineering had 10.6 M shares on offer
Behari Lal Engineering IPO offer price was in the range ₹271 - ₹285
Behari Lal Engineering IPO minimum Investment was ₹14092
Behari Lal Engineering IPO issue size was ₹ 2868.0 M - ₹ 3016.2 M
Behari Lal Engineering had a minimum lot size of 52 Shares per application
Behari Lal Engineering NUMBER OF SHARES ON OFFER
Behari Lal Engineering IPO IMPORTANT DATES
| Issue Open Date | 12 Aug 2026 |
| Issue close Date | 14 Aug 2026 |
| Allotment Date | 17 Aug 2026 |
| Refund Date | 18 Aug 2026 |
| Demat Account Credit Date | 18 Aug 2026 |
| Listing Date | 19 Aug 2026 |
| Listing on Exchange(s) | NSE and BSE |
| Behari Lal Engineering Allotment Status | Exchange/ Registrar |
Behari Lal Engineering IPO subscription opened on 12 Aug 2026, and closed on 14 Aug 2026
IPO allotment for Behari Lal Engineering was finalized on Monday, 17 Aug 2026
IPO listing for Behari Lal Engineering was on NSE and BSE on Wednesday, 19 Aug 2026
Behari Lal Engineering IPO LISTING GAINS
| Issue Price (adjusted) | 285.0 |
| Listing Open Price | 465.0 |
| Listing Close Price | 502.2 |
| Listing Gain% | 63.2% |
| Current Gain% | 63.0% |
Behari Lal Engineering Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Behari Lal Engineering Ltd. | 465 | 1967.1 | 30.4 | 1.4 | 3.6 | 21.1 | 17.6 | 546.5 | 5.9 | 64.6 | 22.1 | 15.3 | 22.1 |
| JSW Steel Ltd. | 1336.6 | 326859.4 | 13.2 | 0 | 1.7 | 22.3 | 8.3 | 186718 | 10.1 | 22316 | 536.9 | 101.3 | 411.7 |
| Tata Steel Ltd. | 188.8 | 235626.7 | 21.4 | 0.1 | 1 | 10.6 | 3.6 | 233541.7 | 6.1 | 10793.9 | 215.6 | 8.8 | 143.1 |
| Jindal Steel Ltd. | 1185.8 | 120962 | 44.5 | -5.3 | 2.1 | 6.6 | 3.4 | 53553.1 | 7.3 | 3367.4 | 19.7 | 26.6 | -8.4 |
| Steel Authority of India (SAIL) Ltd. | 191.2 | 78996.3 | 18.5 | 0.5 | 0.7 | 5.6 | 2.5 | 111705 | 8.1 | 3372.8 | 42.2 | 10.3 | 40.8 |
| Jindal Stainless Ltd. | 704.6 | 58084.5 | 17.9 | 0.7 | 1.3 | 16.1 | 7.8 | 43306.1 | 9.4 | 3193.4 | 27.5 | 39.4 | 26.3 |
Behari Lal Engineering IPO Reports
Behari Lal Engineering INFORMATION ON IPO ISSUE
About Behari Lal Engineering
Behari Lal Engineering was incorporated on May 23, 1995. The company is an integrated iron and steel manufacturer specialising in customised engineering solutions, including metal rolls, alloy steel products, castings, forging ingots, and forged shafts/blocks. With advanced facilities and a skilled workforce, it supplies precision-engineered components for industries such as automotive, steel, mining, infrastructure, power, aerospace, defence, and cement
Object of the Issue
- Funding capital expenditure requirement for the purchase and installation of a new manufacturing facility 1
- Funding capital expenditure requirement for the purchase and installation of a new manufacturing facility 2
- Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company
- General corporate purposes
Behari Lal Engineering - PROMOTERS
| Name |
|---|
| Parkash Chand Garg |
| Rajesh Garg |
| Dinesh Garg |
| Lovlish Garg |
| Bhuvnesh Garg |
Behari Lal Engineering - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Parkash Chand Garg | Chairman & Non-Executive Director |
| Rajesh Garg | Vice Chairman & Non-Executive Director |
| Dinesh Garg | Managing Director |
| Lovlish Garg | Whole-time Director |
| Manvinder Partap Singh | Executive Director |
| Anil Dhawan | Independent Director |
| Anil Kumar Bansal | Independent Director |
| Ayussh Mittaal | Independent Director |
| Meena Rohilla | Independent Director |
| Rajesh Kumar Sinha | Independent Director |
Behari Lal Engineering Book Running Lead Manager
Emkay Global Financial Services Limited
blel.ipo@emkayglobal.com
Systematix Corporate Services Limited
mb.ipo@systematixgroup.in
Behari Lal Engineering Registrar to the Offer
MUFG Intime India Private Limited
beharilalengineering.ipo@in.mpms.mufg
Behari Lal Engineering Strengths
Diversified product portfolio
The company’s diversified product portfolio includes Metal Rolls, Engineering Castings, Alloy Steel Products, and Forging Ingots & Forged Shafts/Blocks, serving over 10 industries such as aerospace & defence, automotive, cement, infrastructure, power, and railways
Strong market presence
The company began as a steel trader in 1995 and later became a steel manufacturer, leveraging over two decades of experience to develop robust manufacturing processes trusted by discerning customers. It is led by third-generation promoters, whose combined experience spans over 100 years, enabling the company to serve prominent steel manufacturers across India
Geographical advantage
The company’s manufacturing facility in Mandi Gobindgarh, Punjab, spans approximately 790,000 sq. ft. across two units, with a total capacity of 119,464 MT (54,464 MT for finished steel processing and 65,000 MT for rolling mills). Strategically located in one of India’s oldest steel hubs, the facility benefits from excellent connectivity via highways, dry ports, and an international airport, enabling efficient transportation of raw materials and finished goods
Behari Lal Engineering Risks
Inventory risks
Failure to effectively manage inventory may negatively impact the company’s business, revenue, and financial condition. As a manufacturing entity, poor inventory management can lead to material losses, operational disruptions, and higher costs
Quality & timely delivery
The company’s business relies on delivering products that meet agreed specifications within contracted timelines. Failure to maintain quality or delivery schedules may harm its reputation, lead to customer losses, and incur replacement costs
Exchange rate fluctuations
Exchange rate fluctuations may negatively impact the company’s operations and increase manufacturing costs. The company exports to 15 countries across 5 continents and imports certain raw materials from Canada, China, and the UAE
IPO FAQs
This IPO consists of an offer for sale of up to Rs 208.6 crore, of 7,320,001 shares. It also consists of a fresh issue of Rs 93.0 crore.
The promoters of the company are Parkash Chand Garg, Rajesh Garg, Dinesh Garg, Lovlish Garg and Bhuvnesh Garg.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 271.0 - 285.0.
The IPO application opens on Aug 12, 2026 and closes on Aug 14, 2026.
The minimum lot size for the IPO is 52. The maximum lot size for the IPO is 676.
For all category investors, the minimum application amount for this IPO is Rs. 14,092.0, the maximum value for this IPO is Rs 192,660.0.
This IPO will be allotted on Aug 17, 2026.
The refund will be credited to your account on Aug 18, 2026.
The allotted shares will be credited to your demat on Aug 18, 2026.
Behari Lal Engineering Ltd.’s shares listed on the stock exchanges on Aug 19, 2026.