Behari Lal Engineering IPO: ₹301.62 Cr Issue Opens Aug 12

Behari Lal Engineering’s Initial Public Offering (IPO) is set to launch on August 12, 2026, targeting a total raise of ₹301.62 crores. The Mainboard Book Built Issue will close on August 14, 2026, with shares priced between ₹271 and ₹285.

This offering includes a fresh issue of ₹93 crores and an offer for sale of up to 73,20,001 equity shares. Allotment is anticipated by August 17, 2026, with listing expected on both BSE and NSE by August 19, 2026.

IPO Specifics

• Issue Type: Mainboard Book Built Issue
• Price Band: ₹271 to ₹285 per share
• Face Value: ₹10 each
• Retail Investor Allocation: 35%
• QIB Allocation: 50%
• HNI Allocation: 15%

Established in 1995, Behari Lal Engineering operates as an iron and steel manufacturing company. They specialize in customized engineering solutions, serving 1825 domestic and international clients.

Product Portfolio

• Metal Rolls
• Engineering Castings
• Alloy Steel Products
• Forging Ingots and Forged Shafts/Blocks

The company has demonstrated consistent financial growth. Revenues climbed from ₹467.46 crores in 2023 to ₹546.52 crores in 2026. Net profits also saw an increase, rising from ₹28.80 crores in 2023 to ₹64.64 crores in 2026.

Financial Highlights (FY2026)

• Revenue: ₹546.52 crores
• Net Profit: ₹64.64 crores
• Return on Equity (ROE): 23.60%
• Return on Capital Employed (ROCE): 27.11%
• EBITDA Margin: 18.97%
• PAT Margin: 12.10%

Proceeds from the IPO are designated for capital expenditure, including new equipment and solar panel installations. Funds will also go towards repaying specific borrowings and for general corporate purposes.

The promoters behind Behari Lal Engineering are Bhuvnesh Garg, Dinesh Garg, Lovlish Garg, Parkash Chand Garg, and Rajesh Garg. Systematix Corporate Services Ltd. and Emkay Global Financial Services Ltd. are managing the IPO, with MUFG Intime India Pvt. Ltd. serving as the registrar.