Behari Lal Engineering IPO: ₹302 Cr Issue Opens August 12
By Business Desk
Behari Lal Engineering’s ₹302 crore IPO launches August 12, with shares priced ₹271-₹285. Explore details of this integrated iron & steel manufacturer’s public offering.
Integrated engineering firm Behari Lal Engineering will launch its public offering on August 12, seeking to raise Rs 302 crore. The IPO is scheduled to close on August 14, 2026, with shares priced between Rs 271 and Rs 285.
Key IPO Details
- Total IPO Value: Rs 302 crore
- Offer Open Date: August 12
- Offer Close Date: August 14, 2026
- Price Band: Rs 271 to Rs 285 per equity share
- Face Value: Rs 10 per equity share
Behari Lal Engineering operates as an integrated iron and steel manufacturing company. It specializes in customized engineering solutions, producing metal rolls, engineering castings, alloy steel products, and forging ingots.
Company Market Footprint
- Major producer of metal rolls in India, contributing 10 to 11.5 percent of national demand.
- Serves industries like steel, power, and heavy engineering.
- Exports precision engineering components to 21 countries, including Afghanistan, Brazil, Finland, France, Germany, Ireland, Mexico, Nepal, Nigeria, South Africa, Tanzania, UAE, and USA.
IPO Allocation & Funds Use
The IPO includes a fresh issue and an offer for sale from existing shareholders. The fresh issue component is valued at Rs 93 crore.
- Fresh Issue: Rs 93 crore
- Offer for Sale: Over 73.20 lakh equity shares by promoters and SG Tech Engineering.
Capital from the fresh issue will fund equipment acquisition and civil works at its Mandi Gobindgarh, Punjab, manufacturing units. It will also cover procurement and installation of rooftop solar panels at unit 1.