Behari Lal Engineering IPO
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Behari Lal Engineering IPO details
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 |
| Refund initiation | 18 Aug 2026 |
| Share credit | 18 Aug 2026 |
| Listing date | 19 Aug 2026 |
| Mandate end date | 29 Aug 2026 |
| Lock-in end date for anchor investors (50%) | 15 Sep 2026 |
| Lock-in end date for anchor investors (remaining) | 14 Nov 2026 |
Note: The schedule is tentative. The anchor lock-in period ends 30 days after the actual allotment date for 50% of the shares and 90 days after for the remaining portion. The allotment status can be checked on the registrar's website and the exchange website.
About Behari Lal Engineering
Behari Lal Engineering Limited is an integrated steel manufacturing and trading enterprise specializing in customized iron and steel products for various engineering applications. The company’s core business involves manufacturing and selling a diverse range of items tailored to customer-specific requirements, establishing it as one of India’s leading integrated foundries. Its operations are conducted through integrated facilities in Punjab, including a Steel Melt Shop, Foundry, and Rolling Mill divisions. Key products include forging ingots and forged shafts, metal rolls, engineering castings, and alloy steel products such as flats, rounds, and squares. The company generates revenue primarily through the domestic and export sale of these products, supplemented by income from job work services. This model allows it to serve a broad range of industrial clients with high-quality, specialized steel solutions.
Financials of Behari Lal Engineering
Issue size
| Funds Raised in the IPO | Amount |
| Total issue size | 301.62 |
| Fresh Issue – Proceeds go to the company | 93 |
| Offer for sale – Proceeds go to the existing investors | 208.62 |
Utilisation of proceeds
| Purpose | INR crores (%) |
| New equipment and civil work at Manufacturing Facility 1 |
19.59 (21.06%) |
| New rooftop solar panels at Manufacturing Facility 1 | 3.4 (3.66%) |
| New equipment and civil work at Manufacturing Facility 2 | 36.65 (39.41%) |
| New rooftop solar panels at Manufacturing Facility 2 | 3.4 (3.66%) |
| Repayment/prepayment of borrowings | 0.57 (0.61%) |
| General corporate purposes | 29.39 (31.6%) |
Strengths
- Strategic location in a major steel hub provides seamless access to key raw materials and logistics infrastructure.
- The scale of operations as a large-scale manufacturer of metal rolls offers competitive advantages and cost efficiencies.
- A multi-decade legacy in the steel casting and foundry sector creates a high entry barrier for new competitors.
- Integrated manufacturing facilities with steel melt shop, foundry, and rolling mill divisions under one system.
- Diversified product portfolio with customized forging ingots, forged shafts, metal rolls, and engineering castings.
Risks
- Complete operational dependence on facilities based out of a single geographic location in Punjab.
- Heavy reliance on a limited number of top clients for a majority of total business revenue.
- Vulnerability to fluctuations in prices of essential raw materials like steel scrap, pig iron, and alloys.
- Substantial working capital requirements to maintain inventory levels and manage credit cycles.
- Exposed to regulatory compliance risks and stringent environmental safety mandates for foundry operations
Allotment Status for Behari Lal Engineering
To check your IPO allotment status:
- Visit the MUFG Intime India IPO Application Status page.
- Select the company name from the dropdown menu.
- Select and enter one of the following: PAN, Application Number, DP/Client ID, or Account Number/IFSC.
- Click Submit to view your allotment status.