Behari Lal Engineering IPO
Behari Lal Engineering IPO closed on 14 Aug 2026. Allotment 17 Aug 2026, listing 19 Aug 2026. Price band ₹271–₹285, lot 52 shares, GMP +₹133 (46.67%). Track allotment on Allotly.
| Status | Closed |
|---|---|
| Category | Mainboard · NSE & BSE |
| Price band | ₹271–₹285 |
| Lot size | 52 shares |
| Minimum investment | ₹14,820 |
| Issue size | ₹301.62 Cr |
| GMP | +₹133 (46.67%) |
| Open date | 12 Aug 2026 |
| Close date | 14 Aug 2026 |
| Allotment date | 17 Aug 2026 |
| Listing date | 19 Aug 2026 |
| Registrar | LINK |
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…
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