Behari Lal Engineering came to market through an IPO that opened on 12 August 2026 and closed on 14 August 2026, and the shares listed on 19 August 2026 on BSE, NSE. The price band was ₹271 to ₹285 per share and one lot was 52 shares, so the minimum application was ₹14,820. The issue size was ₹301.62 crore. It combined a fresh issue of new shares with an offer for sale by existing shareholders.
It listed at ₹465, a gain of 63.2% against the issue price of ₹285. MUFG Intime India Pvt.Ltd was the registrar to the issue, and Emkay Global Financial Services Ltd., Systematix Corporate Services Ltd were the lead managers.
As of 14 August 2026.
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Overall the issue was subscribed 108.51 times.
Incorporated in the year 1995, Behari Lal Engineering Ltd. is a one-stop iron and steel manufacturing company offering engineering solutions according to the specific requirements. The company provides precision-engineered components for various industrial purposes, which include: Metal rolls in different types like alloy cast steel, alloy steel base adamite, graphitic steel, and S.G. iron pearlitic. Engineering castings weighing between 500 kg to 20 MT in industries like steel, iron, mining, aggregate crushers, power, and sugar.
Alloy steel products comprising of carbon alloy and stainless steel bars in shapes like round, flat, hex, and round corner square in size ranging from 6 mm to 230 mm, as well as tool and valve steel. Forging ingots and forged shafts/blocks for serving as raw material for open die and closed die forgings. The company has been serving 1,681 domestic and international clients as on 31st March, 2025.
Some of its clientele consists of Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India. The manufacturing facilities have two plants at Mandi Gobindgarh, Punjab, spanning a total area of around 790,000 sq.
ft., with a cumulative capacity of 119,464 MT of steel, including 54,464 MT of finished steel capacity and 65,000 MT of rolling mill capacity.As on August 31, 2025, the company had 774 skilled employees
As described in the offer document.
| Metric | 31-Mar-26 | 31-Mar-25 | 31-Mar-24 |
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Behari Lal Engineering Limited finalised its anchor investor allocation on August 11, 2026, raising ₹90.49 crore from 11 institutional investors at an anchor price of ₹285 per share. The anchor book comprises 31,74,946 equity shares, with domestic mutual funds receiving 34.26% of the allocation through 3 schemes — WhiteOak Capital Balanced Advantage Fund, Bandhan Large & Mid Cap Fund, and Dynasif Equity Ex-Top 100 Long Short Fund.
Tata AIA Life Insurance Company Limited received 9.95% as the sole life insurance participant. The remaining allocation went to a group of institutional investors including 360 ONE Equity Opportunity Fund – Series 2, Singularity Large Value Fund III, Amicorp Capital (Mauritius) Limited, PineBridge India Equity Fund, and Ikigai Small Cap Fund.
Parkash Chand Garg, Rajesh Garg, Dinesh Garg, Lovlish Garg, Bhuvnesh Garg.
Work out the listing gain for this IPO
If the retail portion is not fully subscribed, every valid application is allotted in full. If it is oversubscribed, SEBI's rules require that as many applicants as possible receive at least one lot, so the shares are allotted by a computerised lottery across all valid applications, one lot each, until the retail portion is exhausted. Applying for more lots does not improve your chance in a lottery; it only increases what you receive if the issue is under-subscribed.
The basis of allotment document, published by the registrar on the allotment date, states the ratio: for example, one applicant in seven received one lot.
Allotment status is published by the registrar on its website, searchable by PAN, application number or demat account, and also on the exchange's website. Allotted shares are credited to the demat account the day before listing, and blocked money for unsuccessful applications is released the same day. The Rupix app can check allotment status by PAN once the registrar publishes it.
Shares list within three working days of the issue closing. On listing day the exchanges run a special pre-open session from nine o'clock, during which orders are collected and an opening price is discovered from them; trading in the share begins after that, usually around ten. The opening price is the listing price that appears on this page once the issue has listed, and the listing gain or loss is the difference between it and the issue price.
For a mainboard issue, the share then trades in the normal way with the exchange's price band for a new listing. For an SME issue, shares trade in lots rather than one at a time, and the market can be thin, so selling on listing day is not always possible at the opening price. Capital gains on shares sold within a year of allotment are short-term and taxed at the short-term rate.
Behari Lal Engineering IPO was a ₹301.62 crore book-built issue, comprising a fresh issue of ₹93 crore and an offer for sale of ₹208.62 crore. It was priced at ₹271–₹285 per share with a lot size of 52 shares (₹14,820). The IPO was open from August 12 to August 14, 2026 and was subscribed 108.51x. Shares listed on BSE and NSE on August 19, 2026 at ₹465, a 63.2% premium to the issue price of ₹285. MUFG Intime India Pvt.
Ltd. is the registrar. Emkay Global Financial Services Ltd. and Systematix Corporate Services Ltd. are the book running lead managers.
The price band of Behari Lal Engineering IPO is ₹271 to ₹285 per share.
The lot size of Behari Lal Engineering IPO is 52 shares.
The minimum investment for Behari Lal Engineering IPO is approximately ₹14,820 based on the upper price band.
The allotment date of Behari Lal Engineering IPO is Aug 17, 2026.
No GMP quote could be verified as recorded before Behari Lal Engineering IPO listed. A grey-market observation of ₹125 per share was recorded on 19 Aug 2026, 6:30 AM IST, but without a verified listing timestamp it is not treated as the final pre-listing GMP. The shares listed at ₹465. GMP is unofficial and does not forecast or guarantee the actual listing price.
Behari Lal Engineering IPO listed on Aug 19, 2026. It was issued at ₹465.0(NSE) and is currently around ₹446.95 as on 2-Nov-2026 3:30 PM, which is approximately 56.8% versus issue price. The 52-week high is ₹548.00.
You can check Behari Lal Engineering IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Behari Lal Engineering IPO allotment status on Rupix for quick and easy access.
₹271 to ₹285 per share, against a face value of ₹10. Most applicants bid at the cut-off price, the top of the band, so that the application was valid whatever price the issuer finally fixed.
One lot was 52 shares, and every application had to be a whole number of lots. At the top of the band that made the minimum application ₹14,820.
₹14,820, for one lot of 52 shares at the top of the price band. The amount was blocked in the applicant's bank account through ASBA or a UPI mandate while the issue was open, and released on the allotment date to applicants who were not allotted shares.
It opened on 12 August 2026 and closed on 14 August 2026.
The basis of allotment was published on 17 August 2026 by MUFG Intime India Pvt.Ltd, and allotted shares were credited to demat accounts before listing.
The shares listed on 19 August 2026 on BSE, NSE, opening at ₹465.
The issue size was ₹301.62 crore. The fresh issue was 32,63,157 shares (aggregating up to ₹93 crore). The offer for sale was 73,20,001 shares (aggregating up to ₹208.62 crore).
It listed at ₹465 against an issue price of ₹285, a gain of 63.2 percent on listing day.