Behari Lal Engineering Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹271 - ₹285
- Lot size
- 52 shares
- Issue amount
- ₹301.62 cr
- Total subscription
- 118.07×
- Opens
- 12 Aug 2026
- Closes
- 14 Aug 2026
- Allotment
- 17 Aug 2026
- Listing
- 19 Aug 2026
Offer at a glance
Issue overview
- Issue size
- 1,05,83,158 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,092
- Fresh issue
- ₹93 cr
- Offer for sale
- ₹208.62 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,820
- Issue type
- Bookbuilding IPO
- Shares before issue
- 3,90,39,325
- Shares after issue
- 4,23,02,482
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 52 | ₹14,820 |
| sHNI | 14 | 728 | ₹2,07,480 |
| bHNI | 68 | 3,536 | ₹10,07,760 |
Share reservation
Subscription & GMP
Subscription by category
Reported 14 Aug 2026
GMP history
Day-wise demand
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 71,233 | 31,89,457 |
| HNIs(10L +) | 1,454 | 46,896 |
| HNIs (2-10L) | 727 | 1,24,306 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 43.22 | 9,597.44 |
| FIIs | 0 | 1,566.52 |
| FIs | 0 | 5,561.6 |
| Mutual Funds | 0 | 239.32 |
| Others | 0 | 2,230 |
| RETAIL | 105.57 | 5,713.22 |
| HNIs 2+ | 15.08 | 2,703.42 |
| HNIs 10+ | 30.16 | 4,895.08 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-26 | Mar-25 | Mar-24 |
|---|---|---|---|
| EPS | 16.56 | 13.56 | 10.07 |
| ROE | 23.6 | 24.31 | 22.83 |
| ROCE | 27.11 | 28.24 | 21.98 |
| RONW | 0 | 0 | 0 |
| PRE IPO(PE) | 17.21 | 0 | 0 |
| POST IPO(PE) | 18.65 | 0 | 0 |
Values and labels as reported in the issue data.
Peer comparison
| Company | P/E(X) | CMP* (₹) | Face value (₹) | NAV/Share (₹) | RONW(%) | EPS (Basic) (₹) |
|---|---|---|---|---|---|---|
| Behari Lal Engineering Limited | 17.21 | 0 | 10 | 78.41 | 21.12 | 16.56 |
| Jayaswal Neco Industries Limited | 18.48 | 0 | 10 | 29.26 | 16.39 | 4.77 |
| AIA Engineering Limited | 34.43 | 0 | 2 | 859.98 | 15.53 | 136.11 |
| Steelcast Limited | 37.99 | 0 | 1 | 39.03 | 21.89 | 8.58 |
| RHI Magnesita India Limited | 0 | 0 | 1 | 172.42 | -10.81 | -18.54 |
| Vardhman Special Steel Limited | 23.19 | 0 | 10 | 132.11 | 9.59 | 13.15 |
| Refractory Industries Limited | 43.46 | 0 | 10 | 163 | 7.93 | 4.81 |
| Kennametal India Limited | 62.02 | 0 | 10 | 340.02 | 13.70 | 46.82 |
Company information
Company profile
Behari Lal Engineering Limited, incorporated in 1995, is an integrated steel manufacturing and trading company engaged in producing and supplying a wide range of iron and steel products. Initially established as a steel trading business, the company has expanded its operations with integrated Steel Melting Shop (SMS), Foundry, and Rolling Mill facilities to manufacture customized engineering-grade and rolled steel products for various industries. Backed by modern manufacturing infrastructure and an experienced management team, the company focuses on delivering high-quality products while serving customers across India. Through its strong manufacturing capabilities and extensive industry experience, Behari Lal Engineering continues to strengthen its presence in the Indian steel industry.
Strengths
- Strategic Manufacturing Location: The company's manufacturing facility is strategically located in Mandi Gobindgarh, providing excellent connectivity and easy access to major industrial corridors.
- Strong Logistics & Raw Material Availability: Easy access to raw materials, foundry consumables, and efficient transport networks supports smooth operations and timely deliveries.
- Economies of Scale: As one of India's largest metal roll manufacturers, the company benefits from high production capacity utilization, helping improve cost efficiency and operational performance.
Risk factors
- Raw Material & Supply Chain Risk: Rising raw material, energy, or transportation costs, along with supply chain disruptions, may increase costs and affect profitability.
- Trade & Export Risk: Changes in export regulations, tariffs, or anti-dumping duties could increase costs and impact international business.
- Operational Disruption Risk: Accidents, equipment failures, or machinery breakdowns could disrupt production and affect business performance.
Promoters
Parkash Chand Garg
Rajesh Garg
Dinesh Garg
Lovlish Garg
Bhuvnesh Garg
Registrar & documents
Lead manager
Emkay Global Financial Services Limited, Systematix Corporate Services Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Village Salani, Amloh Road, Mandi Gobindgarh, Fatehgarh Sahib, Punjab, 147301
+91 17655 20694
[email protected]Company website ↗Understanding BLEL IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.