Behari Lal Engineering’s ₹301.62 crore initial public offering (IPO) is set to open for subscription on August 12, 2026. According to the Red Herring Prospectus (RHP), the book-built issue comprises a fresh issue of 0.33 crore equity shares aggregating up to ₹93.00 crore and an Offer for Sale (OFS) of 0.73 crore equity shares aggregating up to ₹208.62 crore by existing shareholders.

The IPO will remain open until August 14, 2026, while the anchor investor portion will open for subscription on August 11, 2026. The basis of allotment is expected to be finalised on August 17, 2026, and the shares are tentatively scheduled to be listed on the BSE and NSE 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:

Event	Date
Subscription Opening Date	12 August 2026
Subscription Closing Date	14 August 2026
Basis of Allotment Date	17 August 2026
Refund Initiation Date	18 August 2026
Credit of Shares	18 August 2026
Listing on BSE and NSE	19 August 2026

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

Explore other Upcoming IPOs on BSE and NSE.

Behari Lal Engineering IPO Category-wise Investment Limits

The application size for each category is as follows -

Category	Investment Range
Qualified Institutional Buyers (QIBs)	Not more than 50% of the Net Issue
Non-Institutional Investors (NIIs)	Not less than 15% of the Net Issue
Retail Individual Investors (RII)	Not less than 35% of the Net Issue

The minimum investment amount for each category, based on the upper price band of ₹285 per share, is as follows -

Investor Category	Lots	Shares	Investment Amount (Approx.)
Retail (Minimum)	1	52	₹14,820
Retail (Maximum)	13	676	₹1,92,660
sNII (Minimum)	14	728	₹2,07,480
bNII (Minimum)	68	3,536	₹10,07,760

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 largest manufacturers of metal rolls, catering to around 10.0–11.5% of the domestic demand in Fiscal 2026. The company produces precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, and forging ingots and forged shafts/blocks.

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

Key Financial Highlights

Particulars	FY26 (in ₹ crore)	FY25 (in ₹ crore)	FY24 (in ₹ crore)
Revenue from operations	534.03	507.91	446.08
EBITDA	101.33	81.31	60.99
Profit After Tax (PAT)	64.64	52.95	35.79