Behari Lal Engineering IPO
Live Updates, GMP, Subscription Data, and Financial Details
IPO Overview
Listed
Dates
Aug 12 to Aug 14 2026
Price Band
₹271 - 285
Current GMP
₹465.0 (+63.16%)
Subscription
118.07 times
IPO Details
| IPO Date | 12 to 14 Aug, 2026 |
| Listing Date | Wed, Aug 19, 2026 |
| Face Value | ₹ 10 per share |
| Price Band | ₹271 to ₹285 |
| Issue Price | ₹285 per share |
| Lot Size | 52 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,05,83,158 shares (agg. up to ₹ 302 Cr) |
| Fresh Issue | 32,63,157 shares (agg. up to ₹ 93 Cr) |
| Offer for Sale | 73,20,001 shares of ₹ 10 (agg. up to ₹ 209 Cr) |
| Share Holding Pre Issue | 3,90,39,325 shares |
| Share Holding Post Issue | 4,23,02,482 shares |
| BSE Script Code / NSE Symbol | 544870 / BLEL |
| ISIN | INE1EEM01017 |
IPO Date
12 to 14 Aug, 2026
Listing Date
Wed, Aug 19, 2026
Face Value
₹ 10 per share
Price Band
₹271 to ₹285
Issue Price
₹285 per share
Lot Size
52 Shares
Sale Type
Fresh capital cum OFS
Issue Type
Bookbuilding IPO
Listing At
BSE, NSE
Total Issue Size
1,05,83,158 shares (agg. up to ₹ 302 Cr)
Fresh Issue
32,63,157 shares (agg. up to ₹ 93 Cr)
Offer for Sale
73,20,001 shares of ₹ 10 (agg. up to ₹ 209 Cr)
Share Holding Pre Issue
3,90,39,325 shares
Share Holding Post Issue
4,23,02,482 shares
BSE Script Code / NSE Symbol
544870 / BLEL
ISIN
INE1EEM01017
IPO Subscription Details
| Anchor | 1 |
| QIB (Ex Anchor) | 222.04 |
| NII | 167.95 |
| bNII (> ₹10L) | 162.29 |
| sNII (< ₹10L) | 179.26 |
| Retail | 54.12 |
| Total ** | 118.07 |
Anchor
1
QIB (Ex Anchor)
222.04
NII
167.95
bNII (> ₹10L)
162.29
sNII (< ₹10L)
179.26
Retail
54.12
Total **
118.07
Day Wise Sub
| Day | QIB (Ex Anchor) | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | Total |
|---|---|---|---|---|---|---|
| Aug 1 2 (Day 1) | 0.98 | 2.14 | 1.28 | 3.87 | 2.74 | 2.21 |
| Aug 1 3 (Day 2) | 2.98 | 11.28 | 8.82 | 16.22 | 9.52 | 8.47 |
| Aug 1 4 (Day 3) | 222.04 | 167.95 | 162.29 | 179.26 | 54.12 | 118.07 |
DayAug 1
2 (Day 1)
QIB (Ex Anchor)0.98
NII2.14
NII (> ₹10L)1.28
NII (< ₹10L)3.87
Retail2.74
Total2.21
DayAug 1
3 (Day 2)
QIB (Ex Anchor)2.98
NII11.28
NII (> ₹10L)8.82
NII (< ₹10L)16.22
Retail9.52
Total8.47
DayAug 1
4 (Day 3)
QIB (Ex Anchor)222.04
NII167.95
NII (> ₹10L)162.29
NII (< ₹10L)179.26
Retail54.12
Total118.07
Day Wise GMP
| GMP Date | IPO Price | GMP | Est. Listing Price |
|---|---|---|---|
| 19-08-2026 | 285 | 133 (46.67%) | 418 |
| 18-08-2026 | 285 | 133 (46.67%) | 418 |
| 17-08-2026 | 285 | 105 (36.84%) | 390 |
| 16-08-2026 | 285 | 84 (29.47%) | 369 |
| 15-08-2026 | 285 | 83 (29.12%) | 368 |
| 14-08-2026 | 285 | 83 (29.12%) | 368 |
| 13-08-2026 | 285 | 80 (28.07%) | 365 |
| 12-08-2026 | 285 | 74 (25.96%) | 359 |
| 11-08-2026 | 285 | 67 (23.51%) | 352 |
| 10-08-2026 | 285 | 53 (18.60%) | 338 |
| 09-08-2026 | 285 | 25 (8.77%) | 310 |
| 08-08-2026 | 285 | 25 (8.77%) | 310 |
| 07-08-2026 | 285 | 30 (10.53%) | 315 |
| 06-08-2026 | 0 | 0 (0%) | 0 |
GMP Date19-08-2026
IPO Price285
GMP133 (46.67%)
Est. Listing Price418
GMP Date18-08-2026
IPO Price285
GMP133 (46.67%)
Est. Listing Price418
GMP Date17-08-2026
IPO Price285
GMP105 (36.84%)
Est. Listing Price390
GMP Date16-08-2026
IPO Price285
GMP84 (29.47%)
Est. Listing Price369
GMP Date15-08-2026
IPO Price285
GMP83 (29.12%)
Est. Listing Price368
GMP Date14-08-2026
IPO Price285
GMP83 (29.12%)
Est. Listing Price368
GMP Date13-08-2026
IPO Price285
GMP80 (28.07%)
Est. Listing Price365
GMP Date12-08-2026
IPO Price285
GMP74 (25.96%)
Est. Listing Price359
GMP Date11-08-2026
IPO Price285
GMP67 (23.51%)
Est. Listing Price352
GMP Date10-08-2026
IPO Price285
GMP53 (18.60%)
Est. Listing Price338
GMP Date09-08-2026
IPO Price285
GMP25 (8.77%)
Est. Listing Price310
GMP Date08-08-2026
IPO Price285
GMP25 (8.77%)
Est. Listing Price310
GMP Date07-08-2026
IPO Price285
GMP30 (10.53%)
Est. Listing Price315
GMP Date06-08-2026
IPO Price0
GMP0 (0%)
Est. Listing Price0
IPO Important Dates
| IPO Open | Wed, Aug 12, 2026 |
| IPO Close | Fri, Aug 14, 2026 |
| Allotment | Mon, Aug 17, 2026 |
| Refund | Tue, Aug 18, 2026 |
| Credit of Shares | Tue, Aug 18, 2026 |
| Listing | Wed, Aug 19, 2026 |
IPO Open
Wed, Aug 12, 2026
IPO Close
Fri, Aug 14, 2026
Allotment
Mon, Aug 17, 2026
Refund
Tue, Aug 18, 2026
Credit of Shares
Tue, Aug 18, 2026
Listing
Wed, Aug 19, 2026
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 52 | ₹14,820 |
| Retail (Max) | 13 | 676 | ₹1,92,660 |
| S-HNI (Min) | 14 | 728 | ₹2,07,480 |
| S-HNI (Max) | 67 | 3,484 | ₹9,92,940 |
| B-HNI (Min) | 68 | 3,536 | ₹10,07,760 |
ApplicationRetail (Min)
Lots1
Shares52
Amount₹14,820
ApplicationRetail (Max)
Lots13
Shares676
Amount₹1,92,660
ApplicationS-HNI (Min)
Lots14
Shares728
Amount₹2,07,480
ApplicationS-HNI (Max)
Lots67
Shares3,484
Amount₹9,92,940
ApplicationB-HNI (Min)
Lots68
Shares3,536
Amount₹10,07,760
Financial Information
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 367.87 | 295.98 | 262.08 |
| Total Income | 546.52 | 516.30 | 449.96 |
| Profit After Tax | 64.64 | 52.95 | 35.79 |
| EBITDA | 101.32 | 81.31 | 60.99 |
| NET Worth | 306.10 | 241.62 | 193.66 |
| Reserves and Surplus | 267.06 | 233.81 | 186.13 |
| Total Borrowing | 17.78 | 7.58 | 41.21 |
Period EndedAssets
31 Mar 2026367.87
31 Mar 2025295.98
31 Mar 2024262.08
Period EndedTotal Income
31 Mar 2026546.52
31 Mar 2025516.30
31 Mar 2024449.96
Period EndedProfit After Tax
31 Mar 202664.64
31 Mar 202552.95
31 Mar 202435.79
Period EndedEBITDA
31 Mar 2026101.32
31 Mar 202581.31
31 Mar 202460.99
Period EndedNET Worth
31 Mar 2026306.10
31 Mar 2025241.62
31 Mar 2024193.66
Period EndedReserves and Surplus
31 Mar 2026267.06
31 Mar 2025233.81
31 Mar 2024186.13
Period EndedTotal Borrowing
31 Mar 202617.78
31 Mar 20257.58
31 Mar 202441.21
Key Performance Indicator
| ROE | 23.60% |
| ROCE | 27.11% |
| Debt/Equity | 0.06 |
| RoNW | 21.12% |
| PAT Margin | 12.10% |
| EBITDA Margin | 18.97% |
| NAV | 78.41 |
| Price to Book Value | 3.63 |
ROE
23.60%
ROCE
27.11%
Debt/Equity
0.06
RoNW
21.12%
PAT Margin
12.10%
EBITDA Margin
18.97%
NAV
78.41
Price to Book Value
3.63
IPO Reservation
| QIB | 46,91,579 |
| − Anchor Investor | 31,74,946 |
| − QIB (Ex. Anchor) | 15,16,633 |
| NII (HNI) | 15,87,474 |
| − bNII > ₹10L | 10,58,316 |
| − sNII < ₹10L | 5,29,158 |
| Retail | 37,04,105 |
| Total | 99,83,158 |
QIB
46,91,579
− Anchor Investor
31,74,946
− QIB (Ex. Anchor)
15,16,633
NII (HNI)
15,87,474
− bNII > ₹10L
10,58,316
− sNII < ₹10L
5,29,158
Retail
37,04,105
Total
99,83,158
Information about company
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 metal rolls, engineering castings, alloy steel products, forging ingots and shafts.
As of March 31, 2026, the company has catered to 1825 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. As of May 31, 2026, the company's order book stood at Rs 1,785.69 million.
Competitive Strengths:
Objectives of IPO
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
#: Issue Objects
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
2: purchase and installation of new roof-top solar panels at Manufacturing Facility 1
3: purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2
4: purchase and installation of new roof-top solar panels at Manufacturing Facility 2
5: Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company
6: General Corporate Purposes
: Total
Disclaimer
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