Behari Lal Engineering IPO: Strong Debut Expected at Rs 390
Infographic: Behari Lal Engineering IPO Signals 37% Listing Gain at Rs 390
Key Highlights
Behari Lal Engineering IPO set to list at Rs 390, marking a 36.84% premium. Strong QIB demand drove oversubscription.
Behari Lal Engineering’s is eyeing a **36.84%** listing premium, with shares expected to debut at Rs 390. This comes after the offering saw an oversubscription rate of **108.44** times.
Key IPO Figures
- Expected Listing Price: Rs 390 per share
- Expected Listing Premium: 36.84% over issue price
- Issue Price: Rs 285 per share
- (GMP): Rs 105
- Total Oversubscription: 108.44 times
- (QIBs) Oversubscription: Over 165 times
The IPO was open for subscription from August 12 to August 14, 2026, with a price band set between Rs 271 and Rs 285 per share. Investors could apply for a minimum lot size of **52** shares.
Issue Structure
- Total : Rs 301.62 crores
- Component: Rs 93 crores
- Component: Rs 208.62 crores
Behari Lal Engineering, incorporated in **1995**, operates as an integrated iron and steel manufacturer. The company is also known for providing customized engineering solutions.
Company Financials (FY26)
- : Rs 546.52 crore, marking a 6% increase
- (PAT): Rs 64.64 crore, a 22% rise
Proceeds from the fresh issue are designated for several key areas. These include capital expenditure, the repayment of specific company borrowings, and general corporate purposes.