Behari Lal Engineering allotment likely today; GMP at 30%. Here’s how to check status

The allotment of shares for the Behari Lal Engineering IPO is likely to be finalised today, giving investors a clearer picture of whether they have secured shares in the Rs 302-crore public issue. Applicants can check their allotment status through the IPO registrar’s website, as well as the BSE and NSE portals.

With the stock commanding a grey market premium (GMP) of around 30%, investor sentiment remains upbeat, pointing to expectations of a strong listing gain when the shares make their market debut.

Once the allotment is completed, successful applicants can expect the shares to be credited to their demat accounts ahead of the listing. Behari Lal Engineering is scheduled to debut on both the BSE and NSE on August 19, 2026.


The IPO, which was open for subscription from August 12 to August 14, received an overwhelming response across investor categories. The issue was subscribed 108.44 times overall.

The retail portion was subscribed 53.27 times, while demand from qualified institutional buyers (QIBs) was particularly strong at 165.33 times. The non-institutional investors (NIIs) segment was also subscribed 165.32 times.

The Rs 302-crore IPO comprised a fresh issue worth Rs 93 crore and an offer for sale (OFS) of 73.20 lakh equity shares, valued at approximately Rs 209 crore. The issue was priced in the range of Rs 271–Rs 285 per share.

Ahead of the IPO opening, Behari Lal Engineering raised Rs 90.48 crore from anchor investors. The company allotted 31.75 lakh equity shares at Rs 285 apiece to the anchor investors. The anchor book featured prominent names, including Tata AIA Life Insurance Company, PineBridge Global Funds, Amicorp Capital (Mauritius) Ltd, WhiteOak Capital and Bandhan Mutual Fund.

Behari Lal Engineering shares are expected to be listed on the BSE and NSE on August 19, 2026.

Emkay Global Financial Services Ltd. is the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd. is acting as the registrar.

Investors can verify their allotment through either of the following platforms:

1. Registrar’s Website

• Visit the MUFG Intime India IPO allotment page (https://in.mpms.mufg.com/Initial_Offer/public-issues.html)
• Select Behari Lal Engineering from the drop-down menu.
• Enter your PAN, application number, or DP/Client ID.
• Click Submit to view your allotment status.

2. NSE Website (https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids)

• Go to NSE IPO Allotment page
• Select Equity
• Choose Behari Lal Engineering
• Enter your application number and PAN.

3.BSE Website ( https://www.bseindia.com/investors/appli_check)

• Select Equity under issue type.
• Select Behari Lal Engineering from the dropdown.
• Enter your application number OR PAN number.
• And fill the captcha and click search to view allotment.

Behari Lal Engineering IPO GMP

The Behari Lal Engineering IPO continues to attract strong interest in the grey market, with its shares currently commanding a GMP of Rs 84. This represents a 30% premium over the IPO’s upper price band of Rs 285 per share. At the prevailing GMP, the stock is estimated to list at around Rs 369 per share, indicating the possibility of a healthy gain for investors over the issue price.

However, investors should note that the grey market premium is an unofficial indicator and does not guarantee listing gains. The actual listing price may differ considerably, depending on prevailing market conditions, demand and overall investor sentiment on the debut day.

How will the IPO proceeds be used?

Behari Lal Engineering plans to use the proceeds from the fresh issue for purchasing and installing equipment and machinery, including computers and peripherals, and related civil work at its manufacturing facilities.

Funds will also be used for installing rooftop solar panels at both facilities, repayment or pre-payment of certain borrowings and general corporate purposes.

About Behari Lal Engineering Ltd.

Incorporated in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturer offering customised engineering solutions. The company specialises in precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts.

Its key product offerings include, Metal Rolls, Engineering Castings, Alloy Steel Products, and Forging Ingots and Forged Shafts/Blocks

As of March 31, 2026, the company had served 1,825 domestic and international customers. Its diversified customer base includes Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India, among others.

The company's manufacturing operations are spread across two units located in Mandi Gobindgarh, Punjab. As of May 31, 2026, its order book stood at Rs 1,785.69 million.

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