Behari Lal Engineering IPO Day 1: Subscription Status, Timeline & Key Issue Details

Behari Lal Engineering’s ₹301.62 crore initial public offering (IPO) opened for public subscription today, August 12, 2026, with a price band of ₹271 to ₹285 per share. As of 10:55 A.M on the first day of bidding, the issue had been subscribed 0.37 times.

The IPO will remain open for subscription until August 14, 2026. The basis of allotment is expected to be finalised on August 17, 2026, while the shares are tentatively scheduled to be listed on the NSE and BSE on August 19, 2026.

Behari Lal Engineering IPO - Issue Details

• Issue Type: Book Built Issue (Fresh Issue + OFS)
• Total Issue Size: Up to ₹301.62 crore
• Fresh Issue: Up to ₹93.00 crore
• Offer for Sale (OFS): Up to ₹208.62 crore 
• Face Value: ₹10 per equity share
• Price Band:  ₹271 to ₹285 per share
• Lot Size: 52 shares
• Minimum Investment Amount (Retail Investor):  ₹14,820 (52 shares based on upper price)
• Listing: BSE, NSE
• Book Running Lead Managers: Emkay Global Financial Services Limited, Systematix Corporate Services Limited
• Registrar: MUFG Intime India Private Limited

Behari Lal Engineering IPO Timeline (Tentative)

The expected IPO schedule is as follows:

Note: The allotment and listing dates are tentative and may be revised.

Explore other Upcoming IPOs on BSE and NSE.

Behari Lal Engineering IPO Day 1 Subscription Status

[August 12, 2026, 10:55 A.M.]

Utilisation of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue towards:

• Funding capital expenditure requirement for: 
• Purchase and installation of new (i) equipment / machinery (including computers, printers and computer peripherals) along with civil work for such installation; (ii) roof-top solar panels at Village Salani, Amloh Road, Mandi Gobindgarh, Punjab-147 301, India (Manufacturing Facility 1)
• Purchase and installation of new (i) equipment / machinery along with civil work for such installation; (ii) roof-top solar panels at Village Turan, Amloh Road, Mandi Gobindgarh, Punjab 147 301, India (Manufacturing Facility 2)
• Repayment and/or pre-payment, in full or part, of certain borrowings availed by the company
• General corporate purposes

About Behari Lal Engineering Limited

Incorporated in 1995, Behari Lal Engineering Limited is among India’s leading manufacturers of metal rolls, meeting approximately 10.0 to 11.5% of domestic demand in Fiscal 2026. The company manufactures precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts and blocks.

Its products cater to diverse industries such as steel, mining, power, sugar, automotive, aerospace, oil and gas, and heavy engineering. With a broad range of specialised steel and casting products, the company serves various industrial manufacturing and infrastructure applications.

Key Financial Highlights 

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