Behari Lal Engineering IPO
Behari Lal Engineering IPO Details
-
Open Date
12 Aug 2026
-
Close Date
14 Aug 2026
- IPO Price Range
₹ 271 to ₹285
- IPO Size
₹ 301.62 Cr Cr
Behari Lal Engineering IPO Timeline
Behari Lal Engineering IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 12-Aug-2026 | 0.98 | 2.14 | 2.74 | 2.21 |
| 13-Aug-2026 | 2.98 | 11.28 | 9.52 | 8.47 |
Last Updated: 13 August 2026 7:01 PM by 5paisa
Behari Lal Engineering Ltd. is an integrated iron and steel manufacturer providing customised engineering solutions through precision-engineered metal rolls, engineering castings, alloy steel products, and forging ingots and shafts for critical industrial applications. Serving sectors including steel, mining, power and sugar, the company had 1,825 domestic and international customers as of 31 March 2026. It operates two manufacturing units in Punjab, with an order book of ₹1,785.69 million as of 31 May 2026.
Established in: 1995
Managing Director: Dinesh Garg
Peers:
| Metric | Behari Lal Engineering Limited |
Jayaswal Neco Industries Limited nal Limited |
AIA Engineering Limited |
Steelcast Limited |
|---|---|---|---|---|
| Face Value | 3138.36 | 2993.86 | 19151.59 | 4125.20 |
| P/E | 2.00 | 1.00 | 1.00 | 10.00 |
| EPS Basic | - | 642.05 | 5467.70 | 1073.65 |
| EPS Diluted | - | 62.33 | 51.98 | 24.46 |
| RONW (%) | 1.98 | 10.31 | 105.18 | 44.26 |
| NAV | 1.97 | 10.30 | 105.18 | 44.26 |
| EBITDA | 33.60 | 16.07 | 49.61 | 15.95 |
| Total Income | 3779.95 | 16069.93 | 51065.60 | 16740.81 |
Behari Lal Engineering Objectives
1. Fund capital expenditure for machinery at Manufacturing Facility 1.
2. Install rooftop solar panels at Manufacturing Facility 1.
3. Fund machinery expansion at Manufacturing Facility 2.
4. Install rooftop solar panels at Manufacturing Facility 2.
5. Repay or prepay selected outstanding company borrowings.
6. Meet general corporate purposes and operational requirements.
Behari Lal Engineering IPO Size
| Types | Size |
|---|---|
| Total IPO Size | ₹301.62 Cr |
| Offer For Sale | ₹208.62Cr |
| Fresh Issue | ₹93.00 Cr |
Behari Lal Engineering IPO Lot Size
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 52 | ₹14,092 |
| Retail (Max) | 13 | 676 | ₹1,92,660 |
| S - HNI (Min) | 14 | 728 | ₹1,97,288 |
| S - HNI (Max) | 67 | 3,484 | ₹9,92,940 |
| B - HNI (Max) | 68 | 3,536 | ₹9,58,256 |
Behari Lal Engineering IPO Reservation
| Investors Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Cr.)* |
|---|---|---|---|---|
| QIB (Ex Anchor) | 2.98 | 15,16,633 | 45,25,092 | 128.97 |
| Non-Institutional Buyers | 11.28 | 15,87,474 | 1,79,13,688 | 510.54 |
| bNII | 8.82 | 10,58,316 | 93,30,776 | 265.93 |
| sNII | 16.22 | 5,29,158 | 85,82,912 | 244.61 |
| Individual Investors (IND category bidding for 2 Lots) | 9.52 | 37,04,105 | 3,52,52,308 | 1,004.69 |
| Total** | 8.47 | 68,08,212 | 5,76,91,088 | 1,644.20 |
*The "Shares Offered" and "Total Amount" are calculated using the upper limit of the issue price range.
**Shares allocated to anchor investors (or market makers) are excluded from the total number of shares offered.
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Revenue | 446.08 | 507.91 | 534.03 |
| EBITDA | 60.99 | 81.31 | 101.33 |
| PAT | 35.79 | 52.95 | 64.64 |
| Particulars (In ₹ Crores) | FY24 | FY25 | FY26 |
| Total Assets | 262.08 | 295.98 | 367.87 |
| Share Capital | 4.86 | 7.81 | 39.04 |
| Total Liabilities | 58.17 | 51.56 | 58.73 |
| Particulars (In ₹Crores.) | FY24 | FY25 | FY26 |
| Net Cash Generated From / (used in) Operating Activities | 37.14 | 61.89 | 27.54 |
| Net Cash Generated From / (used in) Investing Activities | -52.38 | -19.68 | -37.57 |
| Net Cash Generated From / (used in) Financing Activities | 13.77 | -40.22 | 8.71 |
| Net Increase (Decrease) in Cash and Cash Equivalents | -1.47 | 1.99 | -1.32 |
Strengths
1. Broad in-house product portfolio developed through engineering expertise.
2. Strong customer base across diverse industrial sectors globally.
3. Long-standing approvals create significant competitive entry barriers.
4. Certified manufacturing with proven quality and decades' goodwill.
Weaknesses
1. Earnings remain sensitive to raw material price fluctuations.
2. High fixed operating costs affect overall profitability.
3. Limited presence across several key international export markets.
4. Capacity expansion requires substantial capital investment commitments.
Opportunities
1. Global supply chain diversification supports Indian manufacturing growth.
2. Expand exports through strategic international market penetration initiatives.
3. Increase participation in high-value industrial project tenders.
4. Growing demand for customised, premium-quality steel engineering products.
Threats
1. Tariffs and anti-dumping duties may impact competitiveness.
2. Raw material inflation and supply disruptions pressure margins.
3. Skilled workforce shortages may constrain future business growth.
4. Intensifying competition from domestic and international manufacturers.
1.Diversified engineering product portfolio serving multiple industrial sectors.
2. Established customer relationships with leading domestic industrial companies.
3. Certified manufacturing facilities backed by decades of industry experience.
4. Growth supported by capacity expansion and infrastructure demand.
India's iron and steel engineering sector is supported by rising infrastructure spending, industrial expansion, and increasing demand from power, mining, construction, and manufacturing industries. Government initiatives such as Make in India and higher capital expenditure are driving investments in engineering products. Additionally, global supply chain diversification and growing preference for customised, high-quality steel components present significant growth opportunities for established manufacturers with strong technical capabilities and diversified customer relationships.
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FAQs
Behari Lal Engineering opens from August 12, 2026 to August 14, 2026.
The size of Behari Lal Engineering is ₹301.62 Cr.
The price band of Behari Lal Engineering IPO is fixed at ₹271 to ₹285.
Once the Behari Lal Engineering IPO is officially open, one can simply follow the process to apply for the IPO:
To apply for Behari Lal Engineering IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Behari Lal Engineering IPO
● Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
You will receive a mandate notification to block funds in your UPI app.
The minimum lot size of Behari Lal Engineering is of 52 shares and the investment required is ₹14,092.
The share allotment date of Behari Lal Engineering IPO is August 17, 2026
The Behari Lal Engineering IPO will likely be listed on August 19, 2026.
Emkay Global Financial Services Ltd is the book running lead managers for Behari Lal Engineering IPO.
1. Fund capital expenditure for machinery at Manufacturing Facility 1.
2. Install rooftop solar panels at Manufacturing Facility 1.
3. Fund machinery expansion at Manufacturing Facility 2.
4. Install rooftop solar panels at Manufacturing Facility 2.
5. Repay or prepay selected outstanding company borrowings.
6. Meet general corporate purposes and operational requirements.