- Price band
- To be announcedNot in this filing
- Issue size
- To be announcedAmount set with price
- Face value
- ₹10per equity share
- Lot size
- To be announcedMin. investment shown once set
- Anchor biddingTue, 2026
- OpensWed, 2026
- ClosesFri, 2026
- AllotmentTue, 2026Demat credit and Refunds same day
- ListingWed, 2026
Dates marked in the offer document as tentative. Times in IST.
Information only, not investment advice. This page provides information compiled from official offer documents for information purposes only. It is not investment advice or a recommendation to apply for, buy or sell any security. We are not a SEBI-registered investment adviser or research analyst. Investments in IPOs are subject to market risks; read the offer document carefully before investing.
Issue details
- Issue type
- Book built, fresh issue and offer for sale
- Fresh issue
- —
- Offer for sale
- 73,20,001 shares
- Total issue
- —
- Face value
- ₹10
- Listing at
- NSE, BSE
- RHP date
- 6 Aug 2026
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Reservation
| Category | Shares | Of net offer | Stated in RHP |
|---|---|---|---|
| Retail individual investors | — | — | — |
| Non-institutional investors (NII) | — | — | — |
| Qualified institutional buyers (QIB) | — | — | — |
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Subscription
Category-wise subscription is published by the exchanges while the issue is open. It appears here once the figures are added.
Valuation
FY 2025-26- EPS (basic)
- ₹16.56
- EPS (diluted)
- ₹16.56
- RoNW
- 21.12%
- NAV per share
- ₹78.41
- ROCE
- 27.11%
- Debt to equity
- 0.06
- EBITDA margin
- 18.97%
- PAT margin
- 12.10%
P/E and market cap are calculated once the price band is announced.
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Financials
Standalone, restated · ₹ crore| Period ended | 31 Mar 2026FY 2025-26 | 31 Mar 2025FY 2024-25 | 31 Mar 2024FY 2023-24 |
|---|---|---|---|
| Revenue from operations | 534.03 | 507.91 | 446.08 |
| Total income | 546.52 | 516.30 | 449.96 |
| EBITDA | 101.33 | 81.31 | 60.99 |
| Profit after tax | 64.64 | 52.95 | 35.79 |
| Net worth | 306.10 | 241.62 | 193.66 |
| Reserves and surplus | 267.06 | 233.81 | 186.13 |
| Total assets | 367.87 | 295.98 | 262.08 |
| Total borrowing | 17.78 | 7.58 | 41.21 |
FY 2025-26 vs FY 2024-25: revenue +5.1%, profit after tax +22.1%.
Source: Red Herring Prospectus dated 6 Aug 2026Updated
About the company
The company makes customised precision engineered steel products, including metal rolls, engineering castings, alloy steel products and forging ingots, for industries such as automobile, infrastructure, power and aerospace. It operates two manufacturing facilities in Mandi Gobindgarh, Punjab, and sells to domestic and overseas customers.
- Incorporated
- 1995
- Industry
- Metal Rolls and Engineering Castings
- CIN
- U27109PB1995PLC016490
- Website
- beharilalengineering.com
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Promoters and shareholders
| Name | Type | Before issue | After issue | Shares offered |
|---|---|---|---|---|
| Lovlish Garg | Promoter | 14.17% | — | — |
| Dinesh Garg | Promoter | 10.43% | — | — |
| Rajesh Garg | Promoter | 9.98% | — | — |
| Parkash Chand Garg | Promoter | 7.17% | — | — |
| Bhuvnesh Garg | Promoter | 5.64% | — | — |
| SG Tech Engineering Private Limited | Selling shareholder | — | — | 27,32,755 |
| Dinesh Kumar Garg HUF | Selling shareholder | — | — | 1,50,000 |
| Yogita Garg | Selling shareholder | — | — | 21,43,623 |
| Rajesh Garg | Selling shareholder | — | — | 19,43,623 |
| Lovlish Garg | Selling shareholder | 14.17% | — | 3,50,000 |
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Objects of the issue
₹ crore| Purpose | Amount |
|---|---|
| Capital expenditure on new machinery and rooftop solar at both manufacturing facilities | 63.04 |
| Repayment or prepayment of certain borrowings | 0.57 |
| General corporate purposes | Set with price |
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Peer comparison
As listed in the offer document| Company | EPS | P/E | RoNW | NAV per share |
|---|---|---|---|---|
| Behari Lal Engineering LimitedIssuer | ₹16.56 | — | 21.12% | ₹78.41 |
| Jayaswal Neco Industries Limited | ₹4.77 | 18.48× | 16.39% | ₹29.26 |
| AIA Engineering Limited | ₹136.11 | 34.43× | 15.53% | ₹859.98 |
| Steelcast Limited | ₹8.58 | 37.99× | 21.89% | ₹39.03 |
| RHI Magnesita India Limited | -₹18.54 | — | -10.81% | ₹172.42 |
| Vardhman Special Steel Limited | ₹13.15 | 23.19× | 9.59% | ₹132.11 |
| IFGL Refractories Limited | ₹4.81 | 43.46× | 7.93% | ₹163 |
| Kennametal India Limited | ₹46.82 | 62.02× | 13.70% | ₹340.02 |
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Strengths and risks
Our summary of what the offer document statesStrengths
- Long-standing relationships with many repeat customers across several industries.
- Diversified product range across alloy steel, metal rolls and engineering castings.
- Two manufacturing facilities in Punjab with high capacity utilisation.
- Promoters and management with over two decades of steel industry experience.
- Revenue, profit and net worth have grown over the last three fiscal years.
Risks
- Top 10 customers account for about 38% of revenue and contracts are not long term.
- Customer churn rate is high, with many customers lost each year.
- Objects of the issue have not been appraised by any bank or agency and rely on management estimates.
- Revenue depends on steel price volatility and purchase-order based business.
- Offer includes a large offer for sale, so part of the proceeds go to selling shareholders rather than the company.
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Contacts
Source: Red Herring Prospectus dated 6 Aug 2026Updated
Allotment status
Check whether shares were allotted on the official pages below, using your PAN, application number or DP/client ID. Results appear once the basis of allotment is finalised.
- Allotment
- Refunds
- Demat credit
- Listing
Source: Red Herring Prospectus dated 6 Aug 2026Updated
After listing
Listing price, day-one high and low, and the change from the issue price (set at allotment) appear here after the shares list on NSE and BSE.
Frequently asked questions
When does the Behari Lal Engineering IPO open and close?
According to the Red Herring Prospectus, the issue opens on Wednesday, 12 August 2026 and closes on Friday, 14 August 2026.
What is the Behari Lal Engineering IPO price band?
The Red Herring Prospectus does not include a price band. The company announces it by advertisement before the issue opens, and this page is updated when it is filed.
Where will Behari Lal Engineering shares list?
On NSE and BSE. The tentative listing date is Wednesday, 19 August 2026.
Who is the registrar of the issue?
MUFG Intime India Private Limited (SEBI registration INR000004058). Allotment status is checked on the registrar's website.
How do I check the Behari Lal Engineering IPO allotment status?
The basis of allotment is expected to be finalised on Tuesday, 18 August 2026. After that, search by PAN, application number or DP/client ID on the registrar's website (MUFG Intime India Private Limited), the NSE website or the BSE website. Shares that are allotted are credited to your demat account; for an application that is not allotted, the blocked amount is released.
How will the money raised be used?
₹63.04 Cr for capital expenditure on new machinery and rooftop solar at both manufacturing facilities, ₹57 L for repayment or prepayment of certain borrowings, and the rest for the other stated purposes.
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Spotted something wrong?
Our data comes from official offer documents, but mistakes can slip through. Report an error and tell us which figure looks wrong and where you saw the correct one (the offer-document page number helps). For anything else, see Contact.