Behari Lal Engineering IPO Day 2: Subscription Status, Timeline & Key Issue Details

Behari Lal Engineering’s ₹301.62 crore IPO opened for its second day of subscription on August 13, 2026, with shares available in the ₹271 to ₹285 price band. As of 10:05 AM, the issue had been subscribed 2.66 times.

The IPO will close on August 14, 2026. The allotment is expected to be finalised on August 17, with the company’s shares tentatively scheduled to list 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 2 Subscription Status

[August 13, 2026, 10:05 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 one of India’s leading manufacturers of metal rolls, catering to approximately 10.0–11.5% of domestic demand in Fiscal 2026. The company produces precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts and blocks.

Its products serve a wide range of industries, including steel, mining, power, sugar, automotive, aerospace, oil and gas, and heavy engineering. With a diverse portfolio of specialised steel and casting products, the company caters to various industrial manufacturing and infrastructure applications.

Key Financial Highlights 

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