Behari Lal Engineering IPO Day 3: Subscription Status, Timeline & Key Issue Details

Behari Lal Engineering’s ₹301.62 crore initial public offering (IPO) entered its final day of public subscription today, August 14, 2026, with a price band of ₹271 to ₹285 per share. As of 10:35 A.M on the third day of bidding, the issue had been subscribed 13.46 times.

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 3 Subscription Status

[August 14, 2026, 10:40 A.M.]

Utilisation of IPO Proceeds

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

• Funding capital expenditure requirements 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) rooftop 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

Established in 1995, Behari Lal Engineering Limited is one of India’s leading manufacturers of metal rolls, accounting for around 10.0%–11.5% of domestic demand in Fiscal 2026. The company produces precision-engineered products for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts and blocks.

Its product portfolio caters to a wide range of industries, including steel, mining, power, sugar, automotive, aerospace, oil and gas, and heavy engineering. The company offers specialised steel and casting products used across industrial manufacturing and infrastructure applications.

Key Financial Highlights 

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