How to Check Behari Lal Engineering IPO Allotment Status

Behari Lal Engineering Limited is an integrated iron and steel manufacturer specialising in customised iron and steel products for critical engineering applications. The company traces its origins to 1995, when it was incorporated as Behari Lal Ispat Private Limited, before adopting its current name and becoming a public limited company in 2024.  

The company manufactures products including metal rolls, engineering castings, alloy steel products, forging ingots, forged shafts and blocks. It commenced commercial production at its Steel Melting Shop and Foundry Division in Punjab in 2012 and subsequently expanded its capabilities through a rolling mill facility.  

Behari Lal Engineering caters to customers requiring engineering-grade and customised steel products and operates as an integrated steel manufacturing and trading enterprise with a pan-India presence.  

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Behari Lal Engineering IPO is a book-built mainboard issue of approximately ₹302 crore. The issue comprises a fresh issue of up to ₹110 crore along with an offer for sale by existing shareholders.  

The IPO opened for subscription on August 12, 2026 and closed on August 14, 2026. The price band was fixed at ₹271 to ₹285 per share.  

The basis of allotment is expected to be finalised on August 17, 2026, while the company's shares are proposed to be listed on BSE and NSE.  

Registrar:  MUFG Intime India Pvt.Ltd

BSE: BSE IPO Allotment Status Page

NSE: NSE IPO Allotment Status Page

Behari Lal Engineering IPO Subscription Status 

Behari Lal Engineering IPO was subscribed 118.07 times on August 14, 2026, based on the final subscription data provided. The issue witnessed exceptionally strong participation across investor categories, led by Qualified Institutional Buyers and Non-Institutional Investors.

The QIB category recorded the strongest demand and was subscribed 222.04 times on the final day. 

The NII category attracted 167.95 times subscription, reflecting exceptionally strong demand from non-institutional investors. 

Retail Investors subscribed 54.12 times, while the overall issue closed with 118.07 times subscription. 

The IPO therefore witnessed a dramatic acceleration on the final bidding day, with overall subscription rising from just 8.34 times on Day 2 to 118.07 times on Day 3. Contemporary reporting also highlighted the sharp final-day surge in demand.  

Behari Lal Engineering IPO Share Price and Investment Details 

Behari Lal Engineering IPO price band was fixed at ₹271 to ₹285 per share. The IPO is a mainboard issue proposed for listing on both BSE and NSE.  

With the issue subscribed 118.07 times overall based on the provided final data, demand substantially exceeded the number of shares available for allotment. Institutional participation was particularly strong, with QIB subscription reaching 222.04 times, while NII demand stood at 167.95 times. 

The strong oversubscription means competition for allotment is high across investor categories. Listing performance will ultimately depend on broader equity-market conditions and investor demand when the shares begin trading. 

Utilisation of IPO Proceeds 

Behari Lal Engineering's IPO includes a fresh issue of up to ₹110 crore, alongside an offer for sale of up to 78.55 lakh equity shares by existing shareholders.  

The fresh issue proceeds are intended to support the company's business requirements in accordance with the objects of the offer disclosed in its IPO documents. Since a substantial portion of the IPO is an offer for sale, proceeds attributable to those shares will be received by the selling shareholders rather than the company. 

The fresh capital provides the company with additional financial resources to support its operations and future growth, while the OFS facilitates a partial exit for existing shareholders. 

Business Overview 

Behari Lal Engineering operates in India's iron and steel manufacturing industry, specialising in customised products for engineering applications. Its product portfolio spans metal rolls, engineering castings, alloy steel products, forging ingots, forged shafts and blocks.  

The company's evolution from steel trading into an integrated manufacturing operation has included the development of its Steel Melting Shop, Foundry Division and Rolling Mill Division. These facilities allow it to manufacture a wider range of specialised steel products for customer-specific requirements.  

Behari Lal Engineering operates under an ISO 9001:2015-certified quality framework and positions itself around customised manufacturing, product quality and engineering capabilities.  

Key strengths include its integrated steel manufacturing operations, diversified portfolio of specialised products, experience in customised engineering applications, established manufacturing infrastructure and presence across multiple steel product categories. 

Investors should also consider risks associated with fluctuations in steel and raw-material prices, cyclicality in industrial demand, energy-intensive manufacturing operations, working-capital requirements, environmental regulations and competition within India's fragmented iron and steel industry.