Bookbuilding IPO | ₹1,000 Cr | Listing at BSE, NSE |
SEBI has approved the Initial Public Offer (IPO) of Lalbaba Engineering Ltd. on January 13, 2026. 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.
Lalbaba Engineering Ltd. IPO is a Book Build Issue of ₹1,000.00 crores consisting of a fresh issue of shares worth Rs ₹630.00 crores and an offer for sale (OFS) of ₹370.00 crores.
The equity shares are proposed to be listed on NSE and BSE. IIFL Capital 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 Lalbaba Engineering IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹5 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | [.] shares (agg. up to ₹1,000 Cr) |
| Fresh Issue | [.] shares (agg. up to ₹630 Cr) |
| Offer for Sale | [.] shares of ₹5 (agg. up to ₹370 Cr) |
| Share Holding Pre Issue | 10,23,84,540 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 29, 2025 |
| SEBI/Exchange approval received | Tue, Jan 13, 2026 |
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Offer size |
| Retail Shares Offered | Not less than 35% of the Offer size |
| NII Shares Offered | Not less than 15% of the Offer size |
Incorporated in 2006, lalbaba engineering is an engineering solutions company, specializing in high-performance seamless tubes, precision forgings, and integrated rail systems. Its strength lies in combining advanced metallurgy, precision manufacturing, and end-to-end solutions to serve critical industries like railways, automotive, energy, and industrial infrastructure.
As of August 31, 2025, it is India’s largest manufacturer of cold-finished seamless tubes and Second-largest overall for cold-finished steel tubes by installed capacity, as per CRISIL report.
Business Structure
Customers: The company works with leading Indian wagon builders (e.g., Jupiter Wagons, Texmaco), automotive Tier-1 suppliers (e.g., Sona Comstar), and public sector undertakings From FY 23 to 25, the company has also exported products to 18+ countries, including the USA, Germany, France, and UAE.
Manufacturing and Capacity: The company operates three plants in West Bengal: Haldia, Uluberia, and Ghusuri. As of August 31, 2025, the company has an installed capacity of 85,000 metric tonnes per annum (MTPA) and forging capacity is 8,400 MTPA.
Competitive strengths
Lalbaba Engineering Ltd.'s revenue increased by 29% and profit after tax (PAT) rose by 60% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 586.96 | 435.66 |
| Total Income | 773.45 | 600.44 |
| Profit After Tax | 42.44 | 26.61 |
| EBITDA | 97.48 | 71.84 |
| NET Worth | 181.63 | 140.85 |
| Reserves and Surplus | 131.36 | 65.64 |
| Total Borrowing | 264.72 | 197.02 |
| 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 expansion of our Haldia Facility | 271.20 |
| 2 | Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by our Company | 209.00 |
| 3 | General corporate purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 25.19% |
| ROCE | 21.01% |
| Debt/Equity | 1.41 |
| RoNW | 25.32% |
| PAT Margin | 5.49% |
| EBITDA Margin | 12.63% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% |
Lalbaba Engineering IPO is a main-board IPO of 0 equity shares of the face value of ₹5 aggregating up to ₹1,000 Crores. The issue is priced at To be declared. The minimum order quantity is .
The Lalbaba 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 Lalbaba Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Lalbaba Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Lalbaba Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Lalbaba Engineering IPO dates are not announced. Please check back again after some time.
Lalbaba Engineering IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Lalbaba 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 Lalbaba Engineering IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Lalbaba Engineering IPO allotment status.
The Lalbaba Engineering IPO listing date is not yet announced. The tentative date of listing is .
