Behari Lal Engineering IPO Details
| IPO Open Date | August 12, 2026 |
| IPO Close Date | August 14, 2026 |
| Face Value | ā¹10 Per Equity Share |
| IPO Price Band | ā¹271 to ā¹285 Per Share |
| Issue Size | Approx ā¹301.62 Crores |
| Fresh Issue | Approx ā¹93.00 Crores |
| Offer for Sale: | Approx 73,20,001 Equity Shares |
| Issue Type | Book built Issue |
| IPO Listing | BSE, NSE |
| DRHP Draft Prospectus |  |
| RHP Draft Prospectus | |
Behari Lal Engineering IPO Review & Key Points
- Review: May Apply
Behari Lal Engineering IPO Market Lot
The Behari Lal Engineering IPO minimum market lot is 52 shares with ā¹14,820 application amount. The retail investors can apply up-to 13 lots with 676 shares of ā¹1,92,660 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 52 | ā¹14,820 |
| Retail Maximum | 13 | 676 | ā¹1,92,660 |
| S-HNI Minimum | 14 | 728 | ā¹2,07,480 |
| S-HNI Maximum | 67 | 3,484 | ā¹9,92,940 |
| B-HNI Minimum | 68 | 3,536 | ā¹10,07,760 |
IPO Reservation
| Investor Category | Share Offered | -% Shares |
| Anchor Investor | 31,74,946 Shares | 31.80% |
| QIB (Ex. Anchor) | 15,16,633 Shares | 15.19% |
| NII Shares Offered | 15,87,474 Shares | 15.90% |
| Retail Shares Offered | 37,04,105 Shares | 37.10% |
Behari Lal Engineering IPO Anchor Investors
| Anchor Bidding Date | August 11, 2026 |
| Anchor Investors List | |
| Shares Offered | 31,74,946 Shares |
| Anchor Size | 90.49 Cr. |
| lock-in period end date 50% shares (30 Days) | Sep 16, 2026 |
| lock-in period end date 50% shares (90 Days) | Nov 15, 2026 |
Behari Lal Engineering IPO Dates
The Behari Lal Engineering IPO date is August 12 and the close date is August 14. The Behari Lal Engineering IPO allotment will be finalized on August 17 and the IPO listing on August 19.
| IPO Open Date: | August 12, 2026 |
| IPO Close Date: | August 14, 2026 |
| Basis of Allotment: | August 17, 2026 |
| Refunds: | August 18, 2026 |
| Credit to Demat Account: | August 18, 2026 |
| IPO Listing Date: | August 19, 2026 |
Promoters and Holding Pattern
The promoters of the company are Bhuvnesh Garg, Dinesh Garg, Lovlish Garg, Parkash Chand Garg and Rajesh Garg.
| Particular | Pre IPO Shares | Pre IPO % Shares | Post IPO Shares | Post IPO % Shares |
| Promoter and Promoter Group | 34,553,485 | 88.51% | – | 70.84% |
| Others* | 4,485,840 | 11.49% | – | 29.16% |
| Total | 3,90,39,325 | 100% | 4,23,02,482 | 100% |
Objects of the Issue & Utilisation of Proceeds
| Purpose | Crores |
| 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 | ā¹19.59 |
| purchase and installation of new roof-top solar panels at Manufacturing Facility 1 | ā¹3.40 |
| purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2 | ā¹36.65 |
| purchase and installation of new roof-top solar panels at Manufacturing Facility 2 | ā¹3.40 |
| Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company | ā¹0.57 |
| General corporate purposes | ā¹- |
About Behari Lal Engineering
Behari Lal Engineering, founded in 1995, is one of the leading iron and steel manufacturing companies with a focus on providing customised engineering solutions.
Its product portfolio includes the manufacturing of precision-engineered components such as Metal Rolls, Engineering Castings (ranging from 500 kg to 20 MT, serving steel, iron, mining, aggregate crushers, power, and sugar industries), Alloy Steel Products (rounds, flats, hex, and round corner squares, with sizes from 6 mm to 230 mm), and Forging Ingots and Forged Shafts/Blocks.
So far, the firm has served 1825 domestic and international customers, including Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India, among others.
Company Financials
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | PAT | Assets |
| 2024 | ā¹449.96 | ā¹400.04 | ā¹35.79 | ā¹262.08 |
| 2025 | ā¹516.30 | ā¹446.94 | ā¹52.95 | ā¹295.98 |
| 2026 | ā¹546.52 | ā¹459.94 | ā¹64.64 | ā¹367.87 |
Company Valuation – FY2026
Check Behari Lal Engineering IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | 23.60% |
| ROCE: | 27.11% |
| EBITDA Margin: | 18.97% |
| PAT Margin: | 12.10% |
| Debt to equity ratio: | 0.06 |
| Earning Per Share (EPS): | ā¹16.56 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 21.12% |
| Net Asset Value (NAV): | ā¹78.41 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Jayaswal Neco Industries Limited | 4.77 | 18.48 | 16.39% | 29.26 | 7131.82 Cr. |
| AIA Engineering Limited | 136.11 | 34.43 | 15.53% | 859.98 | 4419.86 Cr. |
| Steelcast Limited | 8.58 | 37.99 | 21.89% | 39.03 | 423.17 Cr. |
| RHI Megnesita India Limited | (18.54) | – | (10.81)% | 172.42 | 4019.95 Cr. |
| Vardhman Special Steel Limited | 13.15 | 23.19 | 9.59% | 132.11 | 1754.43 Cr. |
| IFGL Refractories Limited | 4.81 | 43.46 | 7.93% | 163.00 | 1894.25 Cr. |
| Kennametal India Limited | 46.82 | 62.02 | 13.70% | 340.02 | 1170.30 Cr. |
IPO Lead Managers aka Merchant Bankers
- Systematix Corporate Services Ltd.
- Emkay Global Financial Services Ltd.
Company Address
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/
IPO Registrar
MUFG Intime India Pvt. Ltd.
Phone: 022-49186000
Email: beharilalengineering.ipo@in.mpms.mufg.com
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
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