Behari Lal Engineering is launching its ₹301.62 crore initial public offering (IPO), which includes a fresh share issue of ₹93.00 crores and an offer for sale (OFS) worth ₹208.62 crores. The public subscription opens on August 12, 2026, and concludes on August 14, 2026. Investors can bid within a price band of ₹271 to ₹285 per share, with a minimum lot size of 52 shares requiring a retail investment of ₹14,820. Share allotment is expected around August 17, 2026, followed by a tentative market listing on both NSE and BSE on August 19, 2026. Emkay Global serves as the lead manager, while MUFG Intime India is the official registrar.
Behari Lal Engineering IPO GMP Today
Behari Lal Engineering IPO last GMP is ₹83 , last updated August 16 2026 02:39 pm. With the upper price band of ₹285, Behari Lal Engineering IPO’s Estimated listing is ₹368 (cap price + today’s GMP). Tha expected percentage gain/loss per share is 29.12%
We update the GMP daily. Based on grey market activity over the last 8 session, the IPO’s GMP is trending upward today, indicating expectations of a strong listing. During this period, the GMP ranged from a low of ₹25 to a high of ₹83 . stay with us for the latest Behari Lal Engineering IPO GMP updates, daily price trends, and expected listing price.
| GMP Date | IPO Price | GMP | EST. Listing Price | EST. Profit* | Last Updated |
|---|---|---|---|---|---|
| 16-08-2026 | ₹285 | ₹83 | ₹368(29.12%) | ₹4316 | 14:39 |
| 15-08-2026 | ₹285 | ₹83 | ₹368(29.12%) | ₹4316 | 09:51 |
| 14-08-2026 | ₹285 | ₹80 | ₹365(28.07%) | ₹4160 | 10:18 |
| 13-08-2026 | ₹285 | ₹78 | ₹363(27.37%) | ₹4056 | 15:27 |
| 12-08-2026 | ₹285 | ₹67 | ₹352(23.51%) | ₹3451 | 10:02 |
| 11-08-2026 | ₹285 | ₹30 | ₹315(10.53%) | ₹1560 | 18:15 |
| 10-08-2026 | ₹285 | ₹52 | ₹338(18.60%) | ₹2756 | 22:20 |
| 09-08-2026 | ₹285 | ₹25 | ₹310(8.77%) | ₹1300 | 22:43 |
Behari Lal Engineering IPO Details
| IPO Open Date | 12-08-2026 |
| IPO Close Date | 14-08-2026 |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹271 to ₹285 Per Share |
| Issue Size | Approx ₹301.62 cr. |
| Fresh Issue | Approx ₹93.00 cr. |
| Offer For Sale | Approx 73,20,001 Equity Shares |
| Issue Type | Book Built Issue |
| IPO Listing | NSE,BSE |
Issue Reservation
| Investor Category | Shares Offered % |
|---|---|
| Retail Shares Offered | 35% |
| NII Shares Offered | 15% |
| QIB Shares Offered | 50% |
Behari Lal Engineering IPO Market Lot
The Behari Lal Engineering IPO minimum market lot is 52 shares with ₹14,820 application amount. The retail investors can apply up-to 13 lots with 676 shares of ₹1,92,660 amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 52 | ₹14,820 |
| Retail Maximum | 13 | 676 | ₹1,92,660 |
| S-HNI Minimum | 14 | 728 | ₹2,07,480 |
| S-HNI Maximum | 67 | 3,484 | ₹9,92,940 |
| B-HNI Minimum | 68 | 3,536 | ₹10,07,760 |
Behari Lal Engineering IPO Anchor Investors
| Anchor Bidding Date | 11-08-2026 |
| Shares Offered | 31,74,946 Shares |
| Lock-in period end date 50% shares(30 Days) | 16-09-2026 |
| Lock-in period end date 50% shares (90 Days) | 15-11-2026 |
IPO Dates
The Behari Lal Engineering IPO Open 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: | 12-08-2026 |
| IPO Close Date: | 14-08-2026 |
| Basis of allotment: | 17-08-2026 |
| Refunds: | 18-08-2026 |
| Credit to Demat Account: | 18-08-2026 |
| IPO Listing Date: | 19-08-2026 |
Pros and Cons of Behari Lal Engineering IPO
Advantages (Pros)
1️⃣Strong Presence in the Steel Manufacturing Industry
The company has been operating in the steel and engineering products sector for nearly three decades and serves customers across multiple industrial segments.
2️⃣Capacity Expansion and Growth Initiatives
The IPO proceeds are planned to be utilized for capacity expansion, installation of new machinery, solar power infrastructure, and debt reduction, which may support future business growth and operational efficiency.
Risks (Cons)
1️⃣High Dependence on the Steel Industry
A significant portion of the company’s revenue is linked to the steel sector. Any downturn in steel demand or fluctuations in raw material prices could adversely impact business performance.
2️⃣Competitive Market Environment
The company operates in a highly competitive industry with several established players. Increased competition may put pressure on profit margins and market share.
Promoters and Holding Pattern
Behari Lal Engineering Limited is promoted by Bhuvnesh Garg, Dinesh Garg, Lovlish Garg, Parkash Chand Garg, and Rajesh Garg. The promoter group has played a key role in the company’s growth and continues to maintain a significant stake in the business.
| Particular | Shares | % Share |
|---|---|---|
| Promoter Holding Pre Issue | 34,553,485 | 88.51% |
| Promoter Holding Post Issue | – | -% |
Objects of the Issue & Utilisation of proceeds
| Purpose | Crores |
|---|---|
| Expansion and modernization of Manufacturing Facility 1 through acquisition and deployment of advanced equipment and related infrastructure | ₹19.59 |
| Installation of solar power infrastructure at Manufacturing Facility 1 to improve energy efficiency | ₹3.40 |
| Capacity enhancement at Manufacturing Facility 2 through new machinery and supporting civil development | ₹36.65 |
| Deployment of rooftop solar energy systems at Manufacturing Facility 2 | ₹3.40 |
| Reduction of outstanding borrowings through partial/full repayment of selected debt facilities | ₹0.57 |
| General corporate purposes | ₹- |
About Behari Lal Engineering
Behari Lal Engineering Limited is an Indian steel engineering and manufacturing company with a strong presence in the iron and steel products segment. The company was originally incorporated in 1995 and has developed a diversified product portfolio catering to multiple industrial sectors. Its registered office and manufacturing operations are located in Mandi Gobindgarh, Punjab, one of India’s prominent steel manufacturing hubs.
The company is primarily engaged in the manufacturing and trading of a wide range of steel products, including steel ingots, steel castings, metal rolls, alloy and non-alloy rounds, flats, hexagonal bars, and square bars. These products are supplied to customers operating across various industries such as infrastructure, engineering, manufacturing, and industrial applications.
Behari Lal Engineering operates two manufacturing facilities in Punjab and is expanding its production capabilities through additional investments in machinery, infrastructure, and renewable energy solutions. The company is also developing a third manufacturing facility to support future growth and increase operational capacity.
With decades of industry experience, Behari Lal Engineering aims to strengthen its manufacturing footprint, improve operational efficiency, and support long-term growth through capacity expansion and modernization initiatives.
Behari Lal Engineering IPO Company Financial Report
| Period Ended | Revenue | Expense | Pat | Assets |
|---|---|---|---|---|
| 2024 | ₹449.96 | ₹400.04 | ₹35.79 | ₹262.08 |
| 2025 | ₹516.30 | ₹446.94 | ₹52.95 | ₹295.98 |
| 2026 | ₹546.52 | ₹459.94 | ₹64.64 | ₹367.87 |
Behari Lal Engineering IPO 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 ration | 0.06 |
| Earning Per Share(EPS) | ₹16.56 |
| P/E Ratio | N/A |
| Return on Net Worth (RoNW) | 21.12% |
| Net Asset Value(NAV) | ₹78.41 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW | NAV | Income |
|---|---|---|---|---|---|
| Jayaswal Neco Industries Ltd | 4.77 | 18.48 | 16.39% | 29.26 | 7131.82 cr. |
| AIA Engineering Ltd | 136.11 | 34.43 | 15.53% | 859.98 | 4419.86 cr. |
| Steelcast Ltd | 8.58 | 37.99 | 21.89% | 39.03 | 423.17 cr. |
| RHI Magnesita India Ltd | (18.54) | – | (10.81)% | 172.42 | 4019.95 cr. |
| Vardhman Special Steel Ltd | 13.15 | 23.19 | 9.59% | 132.11 | 1754.43 cr. |
| IFGL Refractories Ltd | 4.81 | 43.46 | 7.93% | 163.00 | 1894.25 cr. |
| Kennametal India Ltd | 46.82 | 62.02 | 13.70% | 340.02 | 1170.30 cr. |
Behari Lal Engineering IPO Lead Managers aka Merchant Bankers
- Systematix Corporate Services Ltd.
- Emkay Global Financial Services Ltd.
Behari Lal Engineering 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
Behari Lal Engineering 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
FAQs
What is the price band of the Behari Lal Engineering IPO?
The price band for the Behari Lal Engineering IPO has been fixed at ₹271 to ₹285 per equity share.
What is the issue size of the Behari Lal Engineering IPO?
The IPO size is approximately ₹301.62 crore, comprising a fresh issue and an offer for sale.
How much is the fresh issue portion?
The fresh issue component is approximately ₹93 crore.
How many shares are offered under the Offer for Sale (OFS)?
The Offer for Sale consists of approximately 73.20 lakh equity shares.
What is the face value of Behari Lal Engineering shares?
The face value of each equity share is ₹10.
Where will the Behari Lal Engineering IPO be listed?
The company’s shares are proposed to be listed on BSE and NSE.
Who are the promoters of Behari Lal Engineering Limited?
The promoters are Bhuvnesh Garg, Dinesh Garg, Lovlish Garg, Parkash Chand Garg, and Rajesh Garg.
What will the IPO proceeds be used for?
The funds will be used for manufacturing expansion, installation of new machinery, solar power projects, debt repayment, and general corporate purposes.
Is Behari Lal Engineering a manufacturing company?
Yes, the company is engaged in the manufacturing and trading of iron and steel products.
What are the key strengths of Behari Lal Engineering?
Its strengths include an established presence in the steel industry, diversified product offerings, experienced promoters, and ongoing capacity expansion plans.
Disclaimer
I am not a SEBI-registered Research Analyst, Investment Adviser, or any other SEBI-regulated financial professional. The information provided on this website regarding IPOs, GMP, stock markets, and other financial topics is for educational and informational purposes only.
The content published on this website should not be considered financial advice, investment advice, or a recommendation to buy, sell, or hold any security. Investors should conduct their own research and consult a SEBI-registered financial advisor before making any investment decisions.