Behari Lal Engineering IPO
Behari Lal Engineering IPO is listed on BSE and NSE, priced at ₹271–₹285 per share. The stock debuted at ₹465, delivering a listing gain of 63.2%. The IPO had a lot size of ₹52 shares and a minimum investment of ₹14,820.
Behari Lal Engineering Limited IPO
- IPO Dates
- Aug 12, 2026 – Aug 14, 2026
- Price band
- ₹271-285 per equity share
- Minimum Investment
- ₹14,820
- Issue size
- ₹301.62 Cr
- Lot size
- 52
- Allotment Date
- Aug 17, 2026
- Listing
- Aug 19, 2026
- Listing At
- BSE, NSE
IPO timeline
-
Aug 12, 2026
Open Date
Completed
-
Aug 14, 2026
Close Date
Completed
-
Aug 17, 2026
Allotment Date
Completed
-
Aug 19, 2026
Listing Date
Completed
Price Summary
- Last closing
- 454.95 (59.63%)
- 52 week high
- 548.00
- 52 week low
- 431.10
- Last update
Unofficial pre-listing indicator
Behari Lal Engineering IPO Last Recorded GMP: ₹125
No GMP quote could be verified as recorded before Behari Lal Engineering IPO listed. A grey-market observation of ₹125 per share was recorded on 19 Aug 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹465. GMP is unofficial and does not forecast or guarantee the actual listing price.
- Last recorded GMP
- ₹125
- GMP percentage
- 44%
- Upper price band
- ₹285
- Listing price
- ₹465
During the recorded period, Behari Lal Engineering IPO GMP ranged from ₹8 to ₹125.
Behari Lal Engineering IPO GMP trend (day-wise) 75 observations
| Date & time | GMP | Change | GMP % | Indicative price |
|---|---|---|---|---|
| ₹125 | ₹0 | 44% | ₹410 | |
| ₹125 | +₹10 | 44% | ₹410 | |
| ₹115 | ₹0 | 40% | ₹400 | |
| ₹115 | +₹10 | 40% | ₹400 | |
| ₹105 | −₹5 | 37% | ₹390 | |
| ₹110 | +₹12 | 39% | ₹395 | |
| ₹98 | +₹8 | 34% | ₹383 | |
| ₹90 | ₹0 | 32% | ₹375 | |
| ₹90 | ₹0 | 32% | ₹375 | |
| ₹90 | ₹0 | 32% | ₹375 |
Behari Lal Engineering IPO Subscription Details
View Subscription DetailsBehari Lal Engineering IPO subscription status shows demand across QIB, NII, and retail categories, helping investors understand participation levels.
Last updated:Behari Lal Engineering IPO Essentials
Behari Lal Engineering IPO Details
Behari Lal Engineering IPO is priced at ₹271-285 per share with a total issue size of 301.62 crore. The IPO has a lot size of 52 shares and is listed on BSE and NSE.
- Issue price
- ₹271-285 per equity share
- Lot size
- 52 shares
- Face value
- ₹10 Per Equity Share
- Issue size
- ₹301.6 Crores
- Total issue size
- 1,05,83,158 shares
(aggregating up to ₹301.62 crore) - Fresh issue
- 32,63,157 shares
(aggregating up to ₹93 crore) - Offer for sale (OFS)
- 73,20,001 shares
(aggregating up to ₹208.62 crore) - Retail Portion
- 35%
- Listing at
- BSE, NSE
- List price
- 465.0(NSE)
- Listing date
- Registrar
- MUFG Intime India Pvt.Ltd.
- Lead manager
-
Emkay Global Financial Services Ltd.,, Systematix Corporate Services Ltd.
Market Lot Size
Investors can bid for a minimum of 52 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 52 | ₹14,820 |
| Retail(max) | 13 | 676 | ₹1,92,660 |
| sHNI(min) | 14 | 728 | ₹2,07,480 |
| sHNI(max) | 67 | 3,484 | ₹9,92,940 |
| bHNI(min) | 68 | 3,536 | ₹10,07,760 |
Behari Lal Engineering IPO Reservation
Behari Lal Engineering IPO reservation details show category-wise allocation of shares. Out of the total 10583158 shares, approximately 19.96% are reserved for QIB, 14.97% for NII, 34.94% for retail investors, and 29.95% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3174946 (29.95%) | |
| QIB Shares Offered | 2116633 (19.96%) | |
| NII (HNI) Shares Offered | 1587474 (14.97%) | |
| bHNI > ₹10L | 1058316 (10%) | 1454 |
| sHNI < ₹10L | 529158 (5%) | 727 |
| Retail Shares Offered | 3704105 (34.94%) | 71,233 |
| Total Shares Offered | 10583158 (100%) |
Behari Lal Engineering IPO Analytics
Behari Lal Engineering IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Behari Lal Engineering IPO Subscription Status
Behari Lal Engineering IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO is currently subscribed 108.51x, indicating strong demand across investor categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 21,16,633 |
15,87,474
10,58,316
5,29,158
|
37,04,105 | 74,08,212 |
|
Day 1
12-08-26 05:00 PM
|
0.70 x |
2.14x
1.28x
3.87x
|
2.74 x | 2.03 x |
|
Day 2
13-08-26 05:00 PM
|
2.14 x |
11.28x
8.82x
16.22x
|
9.52 x | 7.79 x |
|
Day 3
14-08-26 05:00 PM
|
159.10 x |
167.95x
162.29x
179.26x
|
54.12 x | 108.51 x |
|
Total No. of Applications
|
bHNI | sHNI | Retail |
|---|---|---|---|
| 33,61,275 (Approx) | 32.25x | 170.98x | 44.77x |
Behari Lal Engineering Valuations
Earnings
- EPS Pre IPO
- ₹16.56/-
- EPS Post IPO
- ₹15.28/-
- P/E Pre IPO
- 17.21
- P/E Post IPO
- 18.65
Returns
- ROE
- 23.60%
- ROCE
- 27.11%
- RoNW
- 21.12%
- PAT Margin
- 12.10%
Fundamentals
- Debt / Equity
- 0.06
- Price / Book
- 3.63
- Market Cap
- ₹1,205.62 Cr.
Behari Lal Engineering Financials( In Crs.)
| 31-Mar-26 | 31-Mar-25 | 31-Mar-24 | |
|---|---|---|---|
| Assets | 367.87 | 295.98 | 262.08 |
| Revenue | 546.52 | 516.30 | 449.96 |
| Profit After Tax | 64.64 | 52.95 | 35.79 |
| Net Worth | 306.10 | 241.62 | 193.66 |
| Reserves & Surplus | 267.06 | 233.81 | 186.13 |
| Total Borrowing | 17.78 | 7.58 | 41.21 |
Behari Lal Engineering Company & Offer Insights
About Behari Lal Engineering
Incorporated in the year 1995, Behari Lal Engineering Ltd. is a one-stop iron and steel manufacturing company offering engineering solutions according to the specific requirements. The company provides precision-engineered components for various industrial purposes, which include:
Metal rolls in different types like alloy cast steel, alloy steel base adamite, graphitic steel, and S.G. iron pearlitic.
Engineering castings weighing between 500 kg to 20 MT in industries like steel, iron, mining, aggregate crushers, power, and sugar.
Alloy steel products comprising of carbon alloy and stainless steel bars in shapes like round, flat, hex, and round corner square in size ranging from 6 mm to 230 mm, as well as tool and valve steel.
Forging ingots and forged shafts/blocks for serving as raw material for open die and closed die forgings.
The company has been serving 1,681 domestic and international clients as on 31st March, 2025. Some of its clientele consists of Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India.
The manufacturing facilities have two plants at Mandi Gobindgarh, Punjab, spanning a total area of around 790,000 sq. ft., with a cumulative capacity of 119,464 MT of steel, including 54,464 MT of finished steel capacity and 65,000 MT of rolling mill capacity.As on August 31, 2025, the company had 774 skilled employees
Behari Lal Engineering Promoter(s)
Parkash Chand Garg, Rajesh Garg, Dinesh Garg, Lovlish Garg, Bhuvnesh Garg are the company's promoters of Behari Lal Engineering.
Behari Lal Engineering IPO Issue Objectives
- •
- Funding capital expenditure requirement for: purchase and installation of new equipment / machinery (including computers, printers and computer peripherals) along with civil work for such installation at Manufacturing Facility 1
- •
- purchase and installation of new roof-top solar panels at Manufacturing Facility 1
- •
- purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2
- •
- purchase and installation of new roof-top solar panels at 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 IPO - Anchor Investors
Behari Lal Engineering Limited finalised its anchor investor allocation on August 11, 2026, raising ₹90.49 crore from 11 institutional investors at an anchor price of ₹285 per share.
The anchor book comprises 31,74,946 equity shares, with domestic mutual funds receiving 34.26% of the allocation through 3 schemes — WhiteOak Capital Balanced Advantage Fund, Bandhan Large & Mid Cap Fund, and Dynasif Equity Ex-Top 100 Long Short Fund. Tata AIA Life Insurance Company Limited received 9.95% as the sole life insurance participant. The remaining allocation went to a group of institutional investors including 360 ONE Equity Opportunity Fund – Series 2, Singularity Large Value Fund III, Amicorp Capital (Mauritius) Limited, PineBridge India Equity Fund, and Ikigai Small Cap Fund.
Behari Lal Engineering IPO - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Revenue(in Cr.) | |
|---|---|---|---|---|
| Behari Lal | N/A | N/A | 21.12% | N/A |
| Jayaswal Neco | N/A | 18.48 | 16.39% | N/A |
| AIA Engineering | N/A | 34.43 | 15.53% | N/A |
| Steelcast | N/A | 37.99 | 21.89% | N/A |
| RHI Magnesita | N/A | N/A | -10.81% | N/A |
| Vardhman Special | N/A | 23.19 | 9.59% | N/A |
| IFGL Refractories | N/A | 43.46 | 7.93% | N/A |
| Kennametal India | N/A | 62.02 | 13.70% | N/A |
Behari Lal Engineering IPO - Strengths and Risks
Behari Lal Engineering IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Behari Lal Engineering
+91 17655 20694
Village Salani, Amloh Road, Mandi Gobindgarh, Fatehgarh Sahib, Punjab, 147301
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Behari Lal Engineering IPO is a book-built IPO worth ₹301.62 crore. The price band is ₹271–₹285 per share. The IPO opens on Aug 12, 2026 and closes on Aug 14, 2026. It will be listed on BSE and NSE. MUFG Intime India Pvt. Ltd. is the registrar.
The price band of Behari Lal Engineering IPO is ₹271 to ₹285 per share.
The lot size of Behari Lal Engineering IPO is 52 shares.
The minimum investment for Behari Lal Engineering IPO is approximately ₹14,820 based on the upper price band .
Behari Lal Engineering IPO opens on Aug 12, 2026 and closes on Aug 14, 2026.
The allotment date of Behari Lal Engineering IPO is Aug 17, 2026.
Behari Lal Engineering IPO is expected to be listed on Aug 19, 2026, on BSE and NSE .
No GMP quote could be verified as recorded before Behari Lal Engineering IPO listed. A grey-market observation of ₹125 per share was recorded on 19 Aug 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹465. GMP is unofficial and does not forecast or guarantee the actual listing price.
Behari Lal Engineering IPO listed on Aug 19, 2026. It was issued at ₹465.0(NSE) and is currently around ₹454.95 as on 4-Sep-2026 3:30 PM, which is approximately 59.6% versus issue price. The 52-week high is ₹548.00.
Based on listing and post-listing performance, Behari Lal Engineering IPO delivered around 59.6% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Behari Lal Engineering IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Behari Lal Engineering IPO valuation snapshot: P/E 18.65, EPS ₹15.28/-, P/B 3.63, RoNW 21.12%, and market cap ₹1,205.62 Cr.
To apply for Behari Lal Engineering IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Behari Lal Engineering IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Behari Lal Engineering IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Behari Lal Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Behari Lal Engineering IPO allotment status on IPO Ji for quick and easy access.