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IPO ·
BSE, NSE
Behari Lal Engineering Ltd
Listed
Incorporated in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company specialising in customised engineering solutions.
Issue details
Price band
₹271 – ₹285
Face value
₹10
Lot size
52 shares
Minimum investment
₹14,820
Issue size
₹301.62 Cr
Fresh issue
₹93.00 Cr
Offer for sale
₹208.62 Cr
Issue type
Book Built
Exchange
BSE, NSE
Key dates
Opens
12 Aug 2026
Closes
14 Aug 2026
UPI mandate cut-off
5:00 PM on 14 Aug 2026
Allotment
17 Aug 2026
Refunds
18 Aug 2026
Shares in demat
18 Aug 2026
Listing
19 Aug 2026
Subscription and listing
Subscription
76.03x
Listing price
₹465
Registrar
MUFG Intime India Pvt Ltd
Lead manager
Emkay Global Financial Services, Systematix Corporate Services
Subscription by category
Total
76.03x
Total applications
33,30,599
Anchor investors
Amount raised
₹90.49 Cr
Bid date
11 Aug 2026
50% lock-in ends
15 Sep 2026
Rest lock-in ends
14 Nov 2026
Listing day
Issue price
₹285
Open
₹465.00
High
₹537.00
Low
₹458.70
Day close
₹502.20
Listing gain at open
+63.16%
Issue structure
Shares reserved per category and share of the total issue
QIB
52,91,578
50.00%
Anchor Investor
31,74,946
30.00%
QIB (Ex. Anchor)
21,16,632
20.00%
NII
15,87,474
15.00%
bNII > ₹10L
10,58,316
10.00%
sNII < ₹10L
5,29,158
5.00%
Retail
37,04,106
35.00%
Total
1,05,83,158
100.00%
Finaccle’s quick read
Apply
FY26 income up 6%, PAT up 22%, ROE 23.60%, D/E 0.06, post-issue P/E 18.65x.
A rules-based screen of growth, margins, debt and valuation, built from the offer document and data on Chittorgarh.com. It is for information only and is not investment advice or a recommendation to buy or sell. Read the RHP and speak to a SEBI-registered adviser before you apply.
About the company
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. Engineering Castings ranging from 500 kg to 20 MT for industries such as steel, iron, mining, aggregate crushers, power, and sugar.
Founded
Promoters
Promoter holding
Financial performance
Period
PAT
ROE
23.60%
ROCE
27.11%
Debt / equity
0.06
PAT margin
12.10%
P/E post issue
18.65
Market cap
₹1,205.62 Cr
Use of IPO money
Funding capital expenditure requirement for purchase and installation of new equipment / machinery (including computers, printers and computer peripherals) alon
₹19.59 Cr
purchase and installation of new roof-top solar panels at Manufacturing Facility 1
₹3.40 Cr
purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2
₹36.65 Cr
purchase and installation of new roof-top solar panels at Manufacturing Facility 2
₹3.40 Cr
Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
₹0.57 Cr
General Corporate Purposes
₹19.06 Cr
Issue Expenses
₹31.97 Cr
Strengths
✓
PAT up 22% in FY26 to ₹64.64 Cr
✓
PAT margin of 12.10%
✓
ROE of 23.60% and ROCE of 27.11%
✓
Moderate leverage: debt to equity 0.06
Risks to watch
!
69% of issue is an offer for sale; company gets less fresh money
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Last updated:
Information is compiled from exchange notices and the company’s offer document. It is for general information only and is not investment advice or a recommendation to apply. Read the prospectus before investing.