Behari Lal Engineering IPO price band set at Rs 271-285, issue opens on August 12

Behari Lal Engineering is set to launch its initial public offering (IPO) on August 12, 2026, with the company fixing the price band at Rs 271 to Rs 285 per share. The IPO will remain open for subscription until August 14, 2026.

The public issue comprises a fresh issue of 33 lakh shares, aggregating to Rs 93 crore, along with an offer for sale (OFS) of 73 lakh shares worth Rs 208.62 crore.

Investors looking to participate in the IPO can bid for a minimum lot size of 52 shares. At the upper end of the price band, retail investors will need a minimum investment of Rs 14,820 for one lot.


The allotment status is expected to be finalised on August 17, 2026, while the company’s shares are likely to make their market debut on both NSE and BSE on August 19, 2026.

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

With the IPO set to hit the market, investors will be watching the subscription response and listing performance of Behari Lal Engineering closely.

Objects of the Behari Lal Engineering IPO
Behari Lal Engineering plans to utilise the net proceeds from its IPO to strengthen its manufacturing capabilities by acquiring and installing new equipment and machinery, along with undertaking related civil works at its Manufacturing Facilities 1 and 2.

A portion of the funds will also be allocated towards setting up rooftop solar panels at both facilities, aimed at improving energy efficiency and supporting the company’s sustainability initiatives.

Additionally, the company intends to use part of the IPO proceeds for the repayment or pre-payment of certain borrowings and to meet general corporate purposes. The total estimated utilisation of the IPO proceeds is Rs 63.61 crore.

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

Its diverse product portfolio comprises metal rolls, engineering castings, alloy steel products, forging ingots, and forged components, catering to the specialised requirements of various industries.

As of March 31, 2026, the company had catered to 1,825 domestic and international customers. Its clientele includes prominent organisations such as 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 operates two manufacturing facilities in Mandi Gobindgarh, Punjab. As of May 31, 2026, Behari Lal Engineering reported an order book of Rs 178.57 crore, highlighting sustained demand for its products and engineering capabilities.

Financial Performance
Behari Lal Engineering recorded steady financial growth in FY26, with total income increasing 6% year-on-year to Rs 546.52 crore, compared with Rs 516.30 crore in FY25. The company witnessed a stronger improvement in profitability, with Profit After Tax (PAT) rising 22% to Rs 64.64 crore in FY26, compared with Rs 52.95 crore in the previous financial year.

With a growing order book, expanding manufacturing capabilities, and a focus on operational efficiency, Behari Lal Engineering’s IPO will be closely tracked by investors for subscription trends and post-listing performance.

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