Behari Lal Engineering
OPENIPO Date: 12 Aug - 14 Aug 2026
Listing Date: 19 Aug 2026
Price Range
₹271 to ₹285
Issue Size
302 Cr
Min Investment
₹14,092
Lot Size
52 Shares
Schedule of Behari Lal Engineering
Issue open date
12 Aug 2026
Issue close date
14 Aug 2026
UPI mandate deadline
14 Aug 2026 (5 PM)
Allotment finalization
17 Aug 2026
Share credit
18 Aug 2026
Listing date
19 Aug 2026
Mandate end date
29 Aug 2026
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 302 Cr |
| Fresh Issue | 0.33 Cr |
| Offer for Sale | 0.73 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | 17 Aug 2026 |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| 12 Aug 2026 | ₹285 | ₹74 | ₹359 (25.96%) |
| 11 Aug 2026 | ₹285 | ₹65 | ₹350 (22.81%) |
| 10 Aug 2026 | ₹285 | ₹53 | ₹338 (18.6%) |
| 9 Aug 2026 | ₹285 | ₹25 | ₹310 (8.77%) |
| 8 Aug 2026 | ₹285 | ₹25 | ₹310 (8.77%) |
| 7 Aug 2026 | ₹285 | ₹30 | ₹315 (10.53%) |
| 6 Aug 2026 | ₹285 | ₹0 | ₹285 (0%) |
Performance Behari Lal Engineering
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| ₹271 to ₹285 | .... | .... | .... |
About Behari Lal Engineering
Behari Lal Engineering Limited (BLEL) is an integrated iron and steel manufacturing company based in Mandi Gobindgarh, Punjab, specializing in customized steel products for critical engineering applications. The company operates an integrated Steel Melting Shop, Foundry and Rolling Mill, allowing it to manufacture products across multiple stages of the steel value chain. Its product portfolio includes metal rolls, engineering castings, alloy steel products, forging ingots, forged shafts and rolled steel bars. The company serves a broad industrial customer base across India and also participates in exports, with revenue primarily generated from the sale of manufactured steel products and job-work services.
| Founded in | 1995 |
| Managing director | Parkash Chand Garg |
| Parent organization | Behari Lal Group |
Financial Overview
Strengths
- Integrated manufacturing setup covering steel melting, foundry and rolling operations.
- Diversified product portfolio serving specialized engineering and industrial applications.
- Long operating history since 1995 and strong promoter experience in the steel industry.
- Large customer base and pan-India presence, with the company reporting relationships with 1,600+ customers.
Risks
- Highly exposed to fluctuations in steel, scrap, ferro-alloy and other raw-material prices.
- Steel manufacturing is capital-intensive and requires continuous investment in plants, machinery and working capital.
- Exposure to cyclical demand in engineering, automotive and other industrial sectors can affect sales and margins.
- The company has outstanding secured charges/borrowings, creating financial leverage and interest-cost risk.
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | 0.98 |
| Non-Institutional Investors (NIIs) | 2.14 |
| Retail Individual Investors (RIIs) | 2.74 |
| Employee | N/A |
| Total | 2.21 |