Behari Lal Engineering IPO Details
Behari Lal Engineering IPO Summary
Behari Lal Engineering IPO opens for subscription on 12 Aug 2026 and closes on 14 Aug 2026.The IPO will be listed on NSE, BSE with the tentative listing date set for 19 Aug 2026.
Behari Lal Engineering IPO price band has been fixed at ₹271 – ₹285 per share. The face value is ₹10 per share with a lot size of 52.
Behari Lal Engineering IPO total issue size comprises 1,05,83,158 shares (aggregating up to ₹301.62 Cr). This includes a fresh issue of 32,63,157 shares (aggregating up to ₹93.00 Cr). Offer for Sale consists of 73,20,001 shares (aggregating up to ₹208.62 Cr). Pre-issue shareholding stands at 3,90,39,325, which will increase to 4,23,02,482 post-issue.
Behari Lal Engineering IPO carries a ₹133 (46.67%) GMP, reflecting investor sentiment.
Behari Lal Engineering IPO Lot Size :Retail Minimum is 1 lot (52 shares) amounting to ₹14,820. Retail Maximum is 13 lots (676 shares) amounting to ₹1,92,660. SHNI Minimum is 14 lots (728 shares) amounting to ₹2,07,480. SHNI Maximum is 67 lots (3,484 shares) amounting to ₹9,92,940. BHNI Minimum is 68 lots (3,536 shares) amounting to ₹10,07,760.
Behari Lal Engineering IPO Details
Behari Lal Engineering IPO Subscription
Behari Lal Engineering IPO Application Wise Breakup (Approx)
Behari Lal Engineering IPO Dates
- 12 Aug 2026Opening dateOpen
- 14 Aug 2026Closing dateClose
- 17 Aug 2026Allotment Date Allotment
- 18 Aug 2026Initiation of RefundsRefund
- 18 Aug 2026Credit of SharesCredit
- 19 Aug 2026Listing dateListing
Behari Lal Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 52 | ₹14,820 |
| Retail Maximum | 13 | 676 | ₹1,92,660 |
| SHNI Minimum | 14 | 728 | ₹2,07,480 |
| SHNI Maximum | 67 | 3484 | ₹9,92,940 |
| BHNI Minimum | 68 | 3536 | ₹10,07,760 |
Behari Lal Engineering IPO Reservation
Promoter Holding
Documents
Behari Lal Engineering IPO Valuations
Behari Lal Engineering Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 367.87 | 295.98 | 262.08 |
| Total Income | 546.52 | 516.30 | 449.96 |
| Profit After Tax | 64.64 | 52.95 | 35.79 |
| EBITDA | 101.32 | 81.31 | 60.99 |
| NET Worth | 306.10 | 241.62 | 193.66 |
| Reserves and Surplus | 267.06 | 233.81 | 186.13 |
| Total Borrowing | 17.78 | 7.58 | 41.21 |
| Amount in ₹ Crore | |||
About Behari Lal Engineering IPO
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.
- Alloy Steel Products, including carbon, alloy, and stainless steel bars in sections such as rounds, flats, hex, and round corner squares, with sizes from 6 mm to 230 mm, along with tool and valve steel.
- Forging Ingots and Forged Shafts/Blocks for use as raw materials in open-die and closed-die forging applications.
As of March 31, 2026, the company has catered to 1825 domestic and international customers. Its customer base includes Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India, among others.
The manufacturing operations comprise two units in Mandi Gobindgarh, Punjab. As of May 31, 2026, the company's order book stood at Rs 1,785.69 million.
Strength Of Behari Lal Engineering IPO
- Long standing relationships with a large number of customers spread across a wide array of end-user industries with stringent qualification processes.
- Diversified product portfolio catering to varied application industries.
- Strategically located Manufacturing Facilities with advanced equipment and robust overlapping processes which enables high capacity utilisation.
- Robust presence in the steel manufacturing industry leveraging on the legacy and experience of our Promoters and strong domain expertise of our management team.
- Track record of financial performance and consistent growth.
Risk Of Behari Lal Engineering IPO
- We generate significant revenues from our top 10 customers, and in Fiscals 2026, 2025 and 2024, revenue from our top 10 customers was Rs. 2,029.21 million, Rs. 2,027.16 million and Rs. 1,686.51 million constituting 38.00%, 39.91% and 37.81%, respectively, of our revenue from operations. We do not enter into long term contracts with our customers and the loss of such customers or a significant reduction in our revenue from such customers will have a material adverse impact on our business and financial condition.
- Our success depends on our continuing relationship with our customers and we derive a significant majority of our revenue from repeat customers. In Fiscals 2026, 2025 and 2024, revenue from repeat customers was Rs. 4,522.77 million, Rs. 4,372.98 million and Rs. 3,570.50 million constituting 84.69%, 86.10% and 80.04%, respectively, of our revenue from operations. Loss of one or more of our repeat customers or reduction in their demand for our offerings could adversely affect our business, results of operation and financial conditions.
- We cater to diverse end use industries and customers in the automobile, infrastructure, Aggregate Crusher Manufacturer (ACM) and engineering (industrial equipment) which contributed an aggregate of Rs. 2,063.85 million, Rs. 1,104.50 million, Rs. 980.15 million and Rs. 899.96 million to our revenue from operations constituting 38.65%, 20.68%, 18.35% and 16.85% of our total revenue from operations during Fiscal 2026, respectively. Any adverse impact on these industries or result in the loss of customers in these end use industries could have an adverse effect on our business, revenue from operations and financial condition.
- A substantial proportion of our sales is concentrated in India and sales to customers in India and our revenues from sales to customers in India was Rs. 4,860.47 million, Rs. 4,859.33 million, and Rs. 4,245.17 million constituting 91.02%, 95.67% and 95.17% of our revenue from operations in Fiscals 2026, 2025 and 2024. Any inability to maintain and grow our revenues from our sales in India may have an adverse effect on our business, financial condition, result of operation, cash flows and future business prospects.
- The cost of raw materials, including through imports, constitutes the largest component of our expenses and cost of material consumed was Rs. 2,806.58 million, Rs. 2,716.46 million, and Rs. 2,745.21 million constituting 61.02%, 60.78% and 68.62%, of our total expenses during Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively. Substantial delay or failure to procure necessary raw materials could have an adverse impact on our operations and our ability to meet our customer obligations which could adversely impact on our business and our revenue.
- We have dues which are outstanding to our creditors. Any failure in payment of these dues may have a material adverse effect on our reputation, business and financial condition.
- We have incurred indebtedness which exposes us to various risks which may have an adverse effect on our business, results of operations and financial conditions. Conditions and restrictions imposed on us by the agreements governing our indebtedness could adversely affect our ability to operate our business.
- Our Restated Financial Statements contain contingent liabilities aggregating Rs. 35.58 million for Fiscal 2026 and capital commitments aggregating Rs. 19.29 million for Fiscal 2026. If these contingent liabilities and capital commitments materialise, it may adversely affect our cash flows and results of operations.
- We are reliant on raw materials that are procured from third party suppliers with whom we do not have long term contracts. Our procurement cost towards our top 10 suppliers during Fiscal 2026, 2025, and 2024 was Rs. 1,766.96 million, Rs. 1,385.04 million, and Rs. 1,583.14 million constituting 38.39%, 30.99%, and 39.57% of our total expenses, respectively. Failure to ensure a consistent supply of raw materials at commercially acceptable prices will adversely affect our business and financial condition.
- The pricing in the steel industry is subject to market demand, volatility and economic conditions. Reduction in steel prices may have a material adverse impact on our business, results of operations, and financial conditions.
Objectives Behari Lal Engineering IPO
1. 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
2. purchase and installation of new roof-top solar panels at Manufacturing Facility 1
3. purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2
4. purchase and installation of new roof-top solar panels at Manufacturing Facility 2
5. Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
6. General corporate purposes
Company Contact Details
Behari Lal Engineering Ltd.
Village Salani
Amloh Road
Mandi Gobindgarh
Fatehgarh Sahib, Punjab, 147301
Phone: +91 17655 20694
Email: cs@beharilalgroup.co
Website: http://www.beharilalengineer/
Registrar Contact Details
Behari Lal Engineering FAQs
The Behari Lal Engineering IPO is a MAINBOARD public issue comprising 10583158 equity shares with a face value of ₹10 each, aggregating to a total issue size of ₹301.62 Cr. The issue price has been fixed at ₹285 per equity share, and the minimum application size is 52 shares.
The IPO opens for subscription on 12 Aug 2026, and closes on 14 Aug 2026.
MUFG Intime India Pvt Ltd has been appointed as the registrar to the issue. The equity shares are proposed to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).
As of now, the current GMP stands at ₹133 (46.67%).
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