· Mainboard · NSE, BSE
Price Band
₹271–285
Lot Size
52 shares
Issue Size
₹302 Cr
Min. Investment
₹14,820
Indicative, updates through the day
Cap price plus current GMP: ₹359 — arithmetic, not a forecast
Behari Lal Engineering IPO is a mainboard issue open for subscription until 14 August 2026, listing on NSE, BSE. The issue is priced at ₹271–₹285 per share with a lot size of 52 shares, and its total size is ₹302 Cr. At the upper band the minimum retail application is one lot, about ₹14,820.
The latest grey market premium for Behari Lal Engineering is ₹74, about 25.96% over the upper price band of ₹285. On a simple band-plus-GMP basis that points to a listing near ₹359, and the premium has risen over recent days. GMP is an unofficial, dealer-quoted number on a thin market — it moves through the day and is not a promise of the listing price. It is best read as a live sentiment gauge, not a forecast. We explain the number in full in our guide to IPO GMP, and you can compare it against today’s IPO GMP for every live issue.
As of the latest update, Behari Lal Engineering IPO has been subscribed 8.13x overall — QIB 2.98x, NII 10.7x, bNII 8.37x, sNII 15.35x, Retail 9.14x, from about 5,31,064 applications. A retail portion covered more than once means allotment moves to a lottery, where more separate applications matter more than a single large one.
The minimum investment is one lot of 52 shares (about ₹14,820 at the upper band), and a retail investor can apply for up to 13 lots before crossing the ₹2 lakh retail limit. Allotment is handled by MUFG Intime India Pvt. Ltd. (formerly Link Intime), with the basis of allotment expected on 17 August 2026 and listing on 19 August 2026. You can later checkallotment status on the registrar’s website using your PAN or application number; if you are not allotted, the funds blocked under ASBA are released rather than debited. The full process is in our guide to IPO allotment.
Figures update through the day and are drawn from exchange and registrar data. Nothing here is investment advice; grey market premium is an unofficial indicator and we are not SEBI-registered analysts.
Incorporated in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturing company specialising in customised engineering solutions. The company manufactures precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots and shafts. As of March 31, 2026, the company has catered to 1825 domestic and international customers. Its 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 manufacturing operations comprise two units in Mandi Gobindgarh, Punjab. As of May 31, 2026, the company's order book stood at Rs 1,785.69 million.
Behari Lal Engineering IPO raises ₹90.49 crore from anchor investors. Behari Lal Engineering IPO Anchor bid date is August 11, 2026.📝 Anchor Investors Letter (PDF)
| Category | Shares Offered | % |
|---|---|---|
| QIB | 46,91,579 | 46.99% |
| − Anchor Investor | 31,74,946 | 31.8% |
| − QIB (Ex. Anchor) | 15,16,633 | 15.19% |
| NII (HNI) | 15,87,474 | 15.9% |
| − bNII > ₹10L | 10,58,316 | 10.6% |
| − sNII < ₹10L | 5,29,158 | 5.3% |
| Retail | 37,04,105 | 37.1% |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 52 | ₹14,820 |
| Retail (Max) | 13 | 676 | ₹1,92,660 |
| S-HNI (Min) | 14 | 728 | ₹2,07,480 |
| S-HNI (Max) | 67 | 3484 | ₹9,92,940 |
| B-HNI (Min) | 68 | 3536 | ₹10,07,760 |
EPS (Pre IPO)
16.56
EPS (Post IPO)
15.28
ROE
21.12%
P/E (Pre IPO)
17.21
P/E (Post IPO)
18.65
Price / Book
3.63
Market Cap
₹1,113Cr.
| Company | P/E | ROE | Revenue |
|---|---|---|---|
| Rajputana Stainless Ltd. | 21.1 | ₹254.98 Cr | |
| VMS TMT Ltd. | 22.24 | ₹148.50 Cr | |
| Anubhav Plast Ltd. | 10.67 | ₹24.00 Cr | |
| Kasturi Metal Composite Ltd. | 23.59 | ₹17.61 Cr | |
| Shri Kanha Stainless Ltd. | 16.23 | ₹46.28 Cr | |
| Mittal Sections Ltd. | 31.15 | ₹52.91 Cr |
Behari Lal Engineering Ltd. Address
MUFG Intime India Pvt. Ltd. (formerly Link Intime)