Behari Lal Engineering IPO Review
Behari Lal Engineering Limited, a company specialising in the production of customised Iron and Steel products for critical applications, plans to raise INR 302 crore through an IPO.
[Fresh Issue ₹93 Cr + OFS ₹209 Cr]
Behari lal engineering ltd ipo price: ₹271–₹285 per share.
Behari Lal Engineering: History
The Company was originally incorporated as Behari Lal Ispat Private Limited at Jalandhar, Punjab, India, as a private limited company under the Companies Act, 1956 on May 23, 1995.
The Company was then converted into a public limited company on August 5, 2024, under a special resolution passed by the shareholders.
Its name was subsequently changed to Behari Lal Engineering Limited, and the RoC issued a fresh certificate of incorporation on September 21, 2024.
Behari Lal Engineering: Business
Behari Lal Engineering Limited (BLEL) is an integrated iron and steel manufacturing company specializing in customized engineering solutions.
The Company’s engineered components for critical industrial applications comprise –
- Metal Rolls
- Engineering Castings
- Alloy Steel Products
- Forging Ingots and Forged Shafts (Blocks)
Its engineered components serve sectors including automobiles, aerospace & defence, infrastructure, cement, mining, steel, power, and heavy engineering.
According to a CRISIL Report, BLEL is one of India’s largest metal roll producers and a leading player, meeting 10 percent of the country’s demand in FY24.
Manufacturing Facilities
BLEL operates two integrated manufacturing facilities in Punjab, India, with a combined installed capacity of 1,19,690 MT and achieved an overall 87.7 percent capacity utilisation in FY26.
Strategies Ahead
- Increasing installed capacity in line with expected business growth
- Optimising product portfolio to cater more to higher value products and value-added products
- Broadening the end-user industries base and export market by capitalizing on growth in the metal rolls and engineering casting industry
- Increasing wallet share with clients by introducing new products and grades
Company Promoters
- Parkash Chand Garg,
- Rajesh Garg,
- Dinesh Garg,
- Lovlish Garg,
- Bhuvnesh Garg.
Refer to Behari Lal Engineering Limited DRHP for more information.
IPO Details
ipo date: 12 Aug – 14 Aug 2026
Minimum Amount: ₹14,820
Minimum Bid: 52 Shares
Face Value: INR 10 per share
Listing On: NSE, BSE
Financial
Book Running Lead Managers
Emkay Global Financial Services
Systematix Corporate Services
CONCLUSION
Considering financial performance and the nature of the business, FinBlab recommends ‘MAY SUBSCRIBE‘ ratings for the #Behari_Lal_Engineering_Limited_IPO.
Do come back to learn more about “upcoming IPOs”.
Disclaimer: This article is purely for informational purposes.
While much time and effort is made to provide the information, I (Vishal Dalwadi) or (FinBlab) do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.
