BEHARI LAL ENGINEERING LIMITED
₹ 271 - ₹ 285
12-Aug-2026 - 14-Aug-2026
₹ 14820.00

/ 52 Shares

BEHARI LAL ENGINEERING LIMITED

12-Aug-2026 - 14-Aug-2026

₹ 271 - ₹ 285

Price Band

₹ 14820.00

Minimum Investment

52

Bid Lot

10,583,158

Shares

IPO Details

Fresh Issue of Equity Shares aggregating upto RS. 93 Cr and Offer for Sale of up to 73,20,001 Shares

Category % Shares/Amount
QIB 50% 5,291,578 Shares RS.150.81 CR
HNI 1 5% 529,158 Shares RS.15.08 CR @ 727 FROM 1X
HNI 2 10% 1,058,315 Shares RS.105.57 CR @ 1454 FORM 1X
Retail 35% 3,704,107 Shares RS.101.98 CR @ 71233 FROM 1X

BRLMs: Emkay Global, Systematix Corporate Services

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
71233 FROM 1X 727 FROM 1X 1454 FORM 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 52 ₹ 14,820
Retail (Upto 2 Lakh) 13 676 ₹ 192,660
S-HNI (2 Lakh to 10 Lakh) 14 728 ₹ 207,480
S-HNI (2 Lakh to 10 Lakh) 67 3484 ₹ 992,940
B-HNI (Above 10 Lakh) 68 3536 ₹ 1,007,760

IPO Timeline

  • Open Date

    12-Aug-2026

  • Close Date

    14-Aug-2026

  • Basis of Allotment Date

    17-Aug-2026

  • Initiation of Refunds

    18-Aug-2026

  • Credit Shares to Demat A/c

    18-Aug-2026

  • IPO Listing Date

    19-Aug-2026

Subscription as on
12-Aug-2026 16:03

Category Book Size Subscription No. of Times
QIB 2,116,632 ₹ 60.32 Cr. 1,478,152 ₹ 42.13 Cr. 0.70x
HNI (<10 LAKH) 529,158 ₹ 15.08 Cr. 1,578,928 ₹ 45.00 Cr. 2.98x
HNI2 (>10 LAKH) 1,058,315 ₹ 30.16 Cr. 1,038,024 ₹ 29.58 Cr. 0.98x
RETAIL 3,704,107 ₹ 105.57 Cr. 8,714,628 ₹ 248.37 Cr. 2.35x
Total 7,408,212 12,809,732 1.73x
Category Book Size Subscription No. of Times
QIB 2,116,632 ₹ 60.32 Cr. 1,478,152 ₹ 42.13 Cr. 0.70x
HNI (<10 LAKH) 529,158 ₹ 15.08 Cr. 1,578,928 ₹ 45.00 Cr. 2.98x
HNI2 (>10 LAKH) 1,058,315 ₹ 30.16 Cr. 1,038,024 ₹ 29.58 Cr. 0.98x
RETAIL 3,704,107 ₹ 105.57 Cr. 8,714,628 ₹ 248.37 Cr. 2.35x
Total 7,408,212 12,809,732 1.73x

*Excluding Anchor

Total No. of Application Approx : ~132046 (1.85 Appwise)

Appwise Subscription
Category Total App App wise
HNIBT 1980.68 727 (For 1x) 2.72x
HNIAT 256.47 1454 (For 1x) 0.18x
RETAIL 127202.00 71233 (For 1x) 1.79x

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • q  The Behari Lal Group, established by Late Shri Behari Lal Garg in Punjab, is a fourth-generation enterprise that began as a modest family business and expanded into steel commodities trading under Behari Lal & Sons in Mandi Gobindgarh.
  • q  In 1995, Behari Lal Engineering Ltd (BLEL) was founded by Parkash Chand Garg (Chairman & Promoter), whose leadership and values shaped its early growth and governance framework. Growth was further driven by Rajesh Garg (Vice Chairman & Promoter) with 29 years of experience, and Dinesh Garg (Managing Director & Promoter), who strengthened customer relationships and long-term success. The fourth generation, represented by Lovlish Garg, contributed to innovation, new product development, and diversification of market segments.
  • q  In 2012, BLEL began commercial production through its Steel Melting Shop & Foundry Division in Mandi Gobindgarh, marking entry into large-scale customized steel manufacturing.
  • q  In March 2022, the group commissioned its Rolling Mill Division under Belco Special Steels Pvt. Ltd., later merged into BLEL, enhancing its product portfolio with high-quality rolled steel.
  • q  Currently, the group operates as a fully integrated steel manufacturing and trading enterprise with pan-India presence. BLC Metals Pvt. Ltd. continues trading billets, coal, sponge iron, and ferro alloys, while BLEL manufactures diverse iron and steel products.
  • q  BLEL serves 1700+ customers across India, including top industry leaders, and is recognized as one of India’s leading integrated foundries, known for reliability, customer-centric solutions, and strong industry partnerships.
  • q  As of March 31, 2026, the company catered to 1,825 customers. Since April 1, 2024, it has exported precision-engineered components across 5 continents and 21 countries.
  • q The company operates two integrated manufacturing divisions, namely the Steel Melting Shop (SMS) and Foundry Division and the Rolling Mill Division, ensuring a streamlined production process across its operations.
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Strengths

Competitive Strength 

Business Strategies 

Company Promoters

Company Financials

Behari Lal Engineering Ltd.'s revenue increased by 6% and profit after tax (PAT) rose by 22% between the financial year ending with March 31, 2026 and March 31, 2025.

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

Objects of the Issue

# Issue Objects Est Amt (? Cr.)
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 19.59
2 purchase and installation of new roof-top solar panels at Manufacturing Facility 1 3.40
3 purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2 36.65
4 purchase and installation of new roof-top solar panels at Manufacturing Facility 2 3.40
5 Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company 0.57
6 General Corporate Purposes  
  Total 63.61

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  • Step 02 :

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  • Step 03 :

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  • Step 05 :

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