Behari Lal Engineering, which launched its Rs 301.62-crore IPO on Aug. 12, 2026, will close for subscription today, Aug. 14.
The IPO has been subscribed over 30 times so far on Friday.
The latest grey market activity points to a positive debut. The grey market premium (GMP) of Rs 80 translates into a listing premium of roughly 28% against the upper issue price of Rs 285.
Here are the key details investors should know about the Behari Lal Engineering IPO.
Behari Lal Engineering IPO GMP Today
The latest GMP for the Behari Lal Engineering IPO stood at Rs 80 as of 11:30 a.m. on Aug. 14. It indicates a listing price of Rs 365 apiece at a premium of 28.07% on the upper limit of the price band. The GMP has risen from Rs 53 in recent days to Rs 80.
Note: GMP does not represent official data and is based on speculation.
ALSO READ: Shiprocket IPO GMP: What Grey Market Premium Signals On Final Subscription Day
Behari Lal Engineering IPO: Latest Subscription Status
The IPO of Behari Lal Engineering has been subscribed 32.14 times as of 12:40 p.m. on Friday
- QIBs: 3.43 times
- NIIs: 76.35 times
- RIIs: 28.73 times
ALSO READ: Technocraft Ventures IPO Listing Today: Latest GMP, Expected Listing Price And Gain
Behari Lal Engineering IPO Details
The Behari Lal Engineering IPO comprises:
-
Fresh issue: 32.63 lakh equity shares worth Rs 93 crore
-
Offer for Sale (OFS): 73.20 lakh equity shares worth Rs 208.62 crore
The total issue size stands at Rs 301.62 crore.
The price band has been fixed at Rs 271–285 per share.
The minimum bid size for retail investors is 52 shares, requiring a minimum investment of Rs 14,820 at the upper end of the price band.
Emkay Global Financial Services Ltd. is the book-running lead manager, while MUFG Intime India Ltd. is the registrar to the issue.
The integrated iron and steel manufacturer has already secured Rs 90.48 crore from anchor investors, allocating 31.75 lakh equity shares at Rs 285 per share.
ALSO READ: Milky Mist IPO Allotment Today: Check Status, GMP And Listing Date
Behari Lal Engineering IPO: Allotment And Listing Date
The share allotment status is expected to be finalised on Aug. 17, while the shares are tentatively scheduled to list on the NSE and BSE on Aug. 19.
Behari Lal Engineering IPO: Use Of Proceeds
The company plans to utilise the net proceeds from the fresh issue primarily towards funding capital expenditure requirements for:
-
Purchase and installation of new machinery, equipment, computers, and related civil works.
-
Installation of rooftop solar panels at both facilities.
-
Repayment or prepayment, in full or part, of certain outstanding borrowings.
-
General corporate purposes.
Behari Lal Engineering Financial Performance
For FY26, Behari Lal Engineering reported steady year-on-year growth across key operational metrics:
-
Total Income: Rs 546.51 crore, compared with Rs 516.30 crore in FY25
-
Profit After Tax (PAT): Rs 64.48 crore, up 21.9% from Rs 52.90 crore in FY25
-
EBITDA: Rs 101.32 crore versus Rs 81.31 crore a year earlier
Behari Lal Engineering Business
Incorporated in 1995 as Behari Lal Ispat Pvt., the company was renamed Behari Lal Engineering Pvt. in 2024 before converting into a public limited company. It is an integrated iron and steel manufacturing enterprise specialising in customised engineering solutions, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read red herring prospectus thoroughly before placing bids.