Behari Lal Engineering shares are set to debut on the BSE and NSE on Wednesday, August 19, with grey market sentiment pointing to a potentially strong listing. The company’s IPO currently commands a 47% grey market premium (GMP), signaling expectations of a sharp listing gain over its issue price.
44 times overall. 32 times, respectively.
20 lakh equity shares worth around Rs 209 crore. 48 crore from anchor investors.
75 lakh equity shares at Rs 285 apiece to marquee investors, including Tata AIA Life Insurance Company, PineBridge Global Funds, Amicorp Capital (Mauritius) Ltd, WhiteOak Capital and Bandhan Mutual Fund. Emkay Global Financial Services Ltd.
acted as the book-running lead manager for the issue, while MUFG Intime India Pvt. Ltd.
is the registrar. IPO proceedsBehari Lal Engineering plans to use the proceeds from the fresh issue for purchasing and installing equipment and machinery, including computers and peripherals, and related civil work at its manufacturing facilities.
Funds will also be used for installing rooftop solar panels at both facilities, repayment or pre-payment of certain borrowings and general corporate purposes. About Behari Lal Engineering Ltd.
Incorporated in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturer offering customised engineering solutions.
The company specialises in precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts. Its key product offerings include, Metal Rolls, Engineering Castings, Alloy Steel Products, and Forging Ingots and Forged Shafts/BlocksAs of March 31, 2026, the company had served 1,825 domestic and international customers.
Its diversified customer base includes Amba Shakti Industries, BMW Industries, Shyam Metallics and Energy, Laxcon Steels, MSP Steel & Power, Jai Balaji Industries, Propel Industries, and Metso India, among others. The company's manufacturing operations are spread across two units located in Mandi Gobindgarh, Punjab.
69 million.
