Behari Lal Engineering IPO
Behari Lal Engineering, founded in 1995, is one of the leading iron and steel manufacturing companies with a focus on providing customised engineering solutions.
IPO GMP
+₹133
+47% expected gain
Price Band
₹271 - ₹285
Lot Size
52 shares
Min Investment
₹14,820
Listing Date
August 19, 2026
About Behari Lal Engineering
Company overview, business, and key facts.
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.
Sector
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Founded
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Headquarters
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Employees
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Promoters
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IPO Details
Subscription Status
How many times each investor category has bid for the issue.
Strengths & Risks
Strengths
- Strategic manufacturing location: The manufacturing plant is situated in Mandi Gobindgarh which provides good connectivity and proximity to dry ports.
- Efficient logistics & availability of raw materials: Good availability of raw materials, foundry consumables and logistics makes operations easier and quick deliveries possible.
- Economies of scale: One of the largest manufacturers of metal rolls in India with over 90% capacity utilization at the plant.
Risks
- Risk of raw material & supply chain: Increase in price of raw material, energy or logistics, along with any disruption in the supply chain process may affect the bottom line.
- Risk associated with export & trade: There may be risk associated with export products like tariffs, anti-dumping and countervailing duties.
- Operational disruptions risk: Any accidents or break downs of machines may disrupt operations.
Financials
Restated summary financials for the most recent periods.
Figures are indicative and restated for presentation.
Behari Lal Engineering IPO Key Numbers
Calculated by IPOLyst from the published offer-document data. These are figures, not buy or sell calls.
Market cap at upper band
₹1,205.6 Cr
Post-IPO shares × upper price band
P/E on 2026 profit
18.7x
Peer median 36.2x (discount of 48.3%)
Price to sales
2.21x
Revenue growth, 2026
+5.9%
10.2% a year over the period
Profit growth, 2026
+22.1%
34.4% a year over the period
Profit margin (PAT)
11.8%
EBITDA margin 18.97%
ROE / ROCE
23.6% / 27.11%
As published in the offer document
Debt to equity
0.06
Promoter holding
88.51% → 70.84%
Before → after the IPO
Issue mix
30.8% fresh / 69.2% sale
Fresh issue goes to the company, offer for sale to selling shareholders
GMP-implied gain per lot
₹6,916
52 shares on ₹14,820. GMP is unofficial.
What stands out
- Priced at a 48.3% discount to the peer median P/E of 36.2.
- GMP has been rising over the last three readings.
Watch-outs
- 69.2% of the issue is an offer for sale, so most money goes to selling shareholders, not the company.
- 1 use-of-proceeds item(s) have no disclosed amount.
Scenarios apply today's grey market premium figures to the upper price band. They are illustrations, not predictions. GMP is unofficial and can be wrong.
Plain-English analysis of Behari Lal Engineering
An AI writes a short explanation using only the verified numbers above. It does not say whether to apply, and any statement that does not match the data is removed.
Behari Lal Engineering IPO Review
Analysis based on live GMP, subscription, and issue details.
As of today, Behari Lal Engineering IPO is trading at a grey market premium (GMP) of +₹133 (+47% estimated listing gain), indicating positive market sentiment.
The IPO has been subscribed 106.48x overall — QIB: 165.33x, NII: 163.91x, Retail: 50.01x.
Behari Lal Engineering IPO subscription has closed. The shares are expected to list on August 19, 2026.
The minimum investment required is ₹14,820 for 52 shares (1 lot). Retail investors can apply at cut-off price for the best chance of allotment.
Key strengths include: Strategic manufacturing location: The manufacturing plant is situated in Mandi Gobindgarh which provides good connectivity and proximity to dry ports.; Efficient logistics & availability of raw materials: Good availability of raw materials, foundry consumables and logistics makes operations easier and quick deliveries possible.. Investors should note the following risks: Risk of raw material & supply chain: Increase in price of raw material, energy or logistics, along with any disruption in the supply chain process may affect the bottom line.; Risk associated with export & trade: There may be risk associated with export products like tariffs, anti-dumping and countervailing duties..
Disclaimer: IPO GMP is indicative and sourced from the grey market. This is not investment advice. Please consult a SEBI-registered advisor before investing.
Behari Lal Engineering IPO — Frequently Asked Questions
What is Behari Lal Engineering IPO GMP today?
Behari Lal Engineering IPO GMP (grey market premium) today is +₹133, suggesting an estimated listing gain of +47%. GMP is indicative and subject to change.
What is the price band of Behari Lal Engineering IPO?
The price band for Behari Lal Engineering IPO is ₹271 - ₹285 with a lot size of 52 shares. The minimum investment required is ₹14,820.
When is Behari Lal Engineering IPO allotment date?
Behari Lal Engineering IPO allotment is expected to be finalised on August 17, 2026. You can check your allotment status on the registrar's website (MUFG Intime India Pvt. Ltd.) using your PAN number.
When will Behari Lal Engineering IPO list on NSE/BSE?
Behari Lal Engineering IPO is expected to list on BSE, NSE on August 19, 2026.
How to check Behari Lal Engineering IPO allotment status?
To check Behari Lal Engineering IPO allotment status, visit the registrar's website (MUFG Intime India Pvt. Ltd.) and enter your PAN number, application number, or DP/Client ID. You can also check on the BSE IPO allotment page at https://www.bseindia.com/investors/appli_check.aspx.
Should I apply for Behari Lal Engineering IPO?
Behari Lal Engineering IPO is showing a strong GMP of +₹133 (+47%), indicating positive market sentiment for listing gains. However, GMP is informal and not a guarantee of returns. Evaluate the company's fundamentals, price band, and your own risk appetite before applying. IPOLyst is not a SEBI-registered investment advisor — please do your own research.
What is the lot size of Behari Lal Engineering IPO?
The lot size for Behari Lal Engineering IPO is 52 shares per lot. The minimum investment for retail investors is ₹14,820. Retail investors can apply for a maximum of 13 lots or up to ₹2 lakh, whichever is lower.