Behari Lal Engineering Limited has fixed the price band of Rs 271/- to Rs 285/- per Equity Share of face value Rs 10/- each for its maiden initial public offer. The Company’s IPO will open on Wednesday, August 12, 2026, for subscription and close on Friday, August 14, 2026. Investors can bid for a minimum of 52 Equity Shares and in multiples of 52 Equity Shares thereafter. Equity shares outstanding as on date is 39,039,325 Equity Shares of Rs 10 each
- Issue Opens: August 12, 2026
- Issue Closes: August 14, 2026
- Face Value: Rs 10
- Price Band: Rs 271 – 285 per share
- Minimum Bid Lot: 52 Equity Shares
- Listing: BSE & NSE
The offer, with a face value of Rs 10 per equity share, comprises a fresh issue aggregating up to Rs 93 crore and an offer-for-sale of up to 7,320,001 equity shares by Promoters – Rajesh Garg, Lovlish Garg, Promoter group – Yogita Garg, and Dinesh Kumar Garg HUF and Investor selling shareholder – SG Tech Engineering Private Limited.
The proceeds from its fresh issuance worth Rs 19.59 crore will be utilised towards funding purchase and installation of new equipment/machinery along with civil work for such installation at Manufacturing Facility 1, Rs 3.40 crore for purchase and installation of new roof-top solar panels at Manufacturing Facility 1, Rs 36.65 crore for purchase and installation of new equipment/machinery along with civil work for such installation at Manufacturing Facility 2, Rs 3.40 crore for purchase and installation of new roof-top solar panels at Manufacturing Facility 2, Rs 57 lakh for repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company, and remaining amount of the Net Proceeds for general corporate purposes.
Incorporated in 1995, the company is an integrated iron and steel manufacturing company specializing in customized engineering solutions. According to CRISIL, the company is one of India’s largest metal rolls producers and a leading player in the metal rolls market, meeting 10-11.5% of the country’s demand in Fiscal 2026. The company is a manufacturer of metal rolls, engineering castings, alloy steel products, and forging ingots for user industries including steel, power, and heavy engineering.
It operates two manufacturing facilities in Mandi Gobindgarh, Punjab, which are equipped with capabilities to design, develop, and manufacture its products. Further, the company has recently commenced construction for its third manufacturing facility at Mandi Gobindgarh, District Fatehgarh Sahib, Punjab.
The broad range of industrial applications has also enabled it to cater to a large number of domestic and international customers, and as of March 31, 2026, the company catered to 1,825 customers. Since April 1, 2024, the company has exported its precision-engineered components across 5 continents and in 21 countries, including Afghanistan, Brazil, Finland, France, Germany, Ireland, Mexico, Nepal, Nigeria, South Africa, Tanzania, UAE and USA.
Its revenue from operations was Rs 534.03 crore in FY26 stood as against Rs 446.08 crore in FY24. Its net profit was Rs 64.64 in FY26 as against Rs 35.79 crore in FY24.
