Bookbuilding IPO | ₹[.] Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Behari Lal Engineering Ltd. on December 24, 2025. The company will proceed with next steps to launch the Initial Public Offer (IPO) subject to market conditions and other approvals. The SEBI approval is valid for 12 months.
Behari Lal Engineering Ltd. IPO is a Book Build Issue consisting of fresh issue of ₹110.00 crores and an offer for sale (OFS) of upto 0.79 crore equity shares.
The equity shares are proposed to be listed on NSE and BSE. Emkay Global Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Behari Lal Engineering IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Fresh Issue | [.] shares (agg. up to ₹110 Cr) |
| Offer for Sale | 78,54,521 shares of ₹10 (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 3,90,39,325 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Fri, Sep 26, 2025 |
| SEBI/Exchange approval received | Wed, Dec 24, 2025 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Incorporated in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company specialising in customised engineering solutions. The company manufactures precision-engineered components for critical industrial applications, including:
As of March 31, 2025, the company has catered to 1,681 domestic and international customers. Its customer base includes Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India, among others.
The manufacturing operations comprise two units in Mandi Gobindgarh, Punjab, spread across approximately 790,000 sq. ft. with a combined installed capacity of 119,464 MT, including finished steel processing capacity of 54,464 MT and rolling mill capacity of 65,000 MT.
As of August 31, 2025, the company employed 774 trained employees.
Behari Lal Engineering Ltd.'s revenue increased by 15% and profit after tax (PAT) rose by 48% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 295.98 | 262.08 | 203.25 |
| Total Income | 516.30 | 449.96 | 467.46 |
| Profit After Tax | 52.95 | 35.79 | 28.80 |
| EBITDA | 81.31 | 60.99 | 49.34 |
| NET Worth | 241.62 | 193.66 | 119.49 |
| Reserves and Surplus | 233.81 | 186.13 | 112.65 |
| Total Borrowing | 7.58 | 41.21 | 63.64 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirement for: purchase and installation of new equipment / machinery (including computers, printers and computer peripherals) along with civil work for such installation at Manufacturing Facility 1 | 24.29 |
| 2 | purchase and installation of new roof-top solar panels at Manufacturing Facility 1 | 3.90 |
| 3 | purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2 | 43.88 |
| 4 | purchase and installation of new roof-top solar panels at Manufacturing Facility 2 | 3.90 |
| 5 | Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company | 0.70 |
| 6 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 24.31% |
| ROCE | 28.24% |
| Debt/Equity | 0.03 |
| RoNW | 21.92% |
| PAT Margin | 10.43% |
| EBITDA Margin | 16.01% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 88.51% |
Lead Manager Reports
Behari Lal Engineering IPO is a main-board IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Behari Lal Engineering IPO open and close dates are not available as of now.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Behari Lal Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Behari Lal Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Behari Lal Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Behari Lal Engineering IPO dates are not announced. Please check back again after some time.
Behari Lal Engineering IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Behari Lal Engineering IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Behari Lal Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Behari Lal Engineering IPO allotment status.
The Behari Lal Engineering IPO listing date is not yet announced. The tentative date of listing is .
