Behari Lal Engineering Limited IPO — Subscription & GMP
- Price band
- ₹271 – ₹285
- Lot size
- 52
- Issue size
- ₹211.26 Cr
- Bidding
- 12 Aug 2026 → 14 Aug 2026
- Allotment
- —
- Listing
- 19 Aug 2026
Listing outcome
Official exchange pricesGMP was out by 35.8 percentage points in the buyer’s favour — it implied +27.37% and the issue listed +63.16%. Counted in our running GMP accuracy record.
Schedule
- 12 Aug 2026IPO open date
- 14 Aug 2026IPO close date
- 17 Aug 2026Allotment date†
- 17 Aug 2026Funds unblock or debit†
- 19 Aug 2026Tentative listing date
† Derived from the close date using the T+3 working-day timeline. The exchanges publish the open and close dates; the rest are indicative until confirmed, and exchange holidays are not accounted for.
Fundamentals
The business, its valuation and returnsBehari Lal Engineering Limited is an integrated iron and steel manufacturing and trading enterprise that specializes in delivering customized engineering solutions for critical industrial applications. Manufacturing Capabilities: The company operates robust integrated facilities in Punjab, which include a Steel Melt Shop, Foundry, and Rolling Mill divisions, allowing it to act as a highly integrated foundry. Product Portfolio: Its core business revolves around manufacturing bespoke products tailored to specific customer requirements, such as forging ingots, forged shafts, metal rolls, engineering castings, and alloy steel products including flats, rounds, and squares. Revenue Generation:* The company primarily generates its revenue through the domestic and export sale of these precision-engineered metal products. Additionally, its business model is supplemented by income generated from providing specialized job work services for a diversified industrial client base.
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS | ₹16.56 | — |
| P/E ratio | 17.21× | — |
| NAV per share | ₹78.41 | — |
Promoter holding pre/post issue is in the offer document but we do not yet extract it. Left blank rather than estimated.
Read from the company’s offer document filed with SEBI. Figures are the latest reported financial year, as restated in that filing.
Figures are as reported and not independently audited, and are read 45 d ago.
Grey market premium
Unofficial · not from any exchangeSubscription status
Live from NSE · fetched 872 hr ago| Category | Shares offered | Shares bid for | Subscribed |
|---|---|---|---|
| 1Qualified Institutional Buyers(QIBs) | 20.37 L | 26.07 Cr | 128.00× |
| 1(a)Foreign Institutional Investors(FIIs) | — | 4.02 Cr | — |
| 1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | — | 15.39 Cr | — |
| 1(c)Mutual funds | — | 29.85 L | — |
| 2Non Institutional Investors | 16.13 L | 21.88 Cr | 135.65× |
| 2.1Non Institutional Investors(Bid amount of more than Ten Lakh Rupees) | 10.75 L | 14.87 Cr | 138.27× |
| 2.1(c)Others | — | 49.23 L | — |
| 2.2Non Institutional Investors(Bid amount of more than Two Lakh Rupees upto Ten Lakh Rupees) | 5.38 L | 7.01 Cr | 130.41× |
| 2.2(a)Corporates | — | 3.27 L | — |
| 2.2(b)Individuals(Other than RIIs) | — | 6.71 Cr | — |
| 3Retail Individual Investors(RIIs) | 37.63 L | 12.56 Cr | 33.37× |
| 3(a)Cut Off | — | 10.83 Cr | — |
| 3(b)Price bids | — | 1.73 Cr | — |
| Total | 74.13 L | 60.51 Cr | 81.63× |
Source: NSE issue information · BSE public issue
Demand curve
Shares bid at each price point · BSE₹271 → ₹285 · peak 80.44 Cr shares bid
Anchor investors
From NSE's anchor allocation filingAnchor investors are institutions allotted shares one working day before public bidding opens, in exchange for a lock-in. Up to 60% of the QIB portion can go to them, which reduces the QIB shares left for everyone else — and their participation is widely read as a confidence signal.
Anchor allocation report (NSE)
This issue’s anchor letter was filed as a scanned image with no text layer, so the allocation table cannot be read without OCR. We link the filing rather than publish figures we cannot verify.
Equity split
Fresh equity vs offer for sale- Fresh equity
- ₹93.00 Cr 30.8%
- Offer for sale
- ₹208.62 Cr 69.2%
- Total issue size
- ₹301.62 Cr
Read from the issue size stated in NSE's filing. The filing quotes the offer for sale as 73.20 L shares rather than a rupee amount, so it is valued here at the cap price of ₹285 — the final figure moves with the issue price.
News about this IPO
All IPO news →Allotment status
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Issue details
- Price band
- ₹271 – ₹285
- Lot size
- 52 shares
- Min. bid quantity
- 52
- Face value
- ₹10.00
- Tick size
- ₹1.00
- Shares offered
- 74.13 L
- Issue size
- ₹211.26 Cr
- Max bid · QIB
- 74.13 L
- Max bid · NII
- 53.76 L
Timeline & process
- Bidding opens
- 12 Aug 2026
- Bidding closes
- 14 Aug 2026
- Bidding hours
- 10.00 am to 5.00 pm
- UPI mandate cutoff
- 14-August-2026 (Upto 5.00 pm)
- Allotment
- —
- Listing
- 19 Aug 2026
Intermediaries
- Registrar
- MUFG Intime India Private Limited
- Sponsor bank
- HDFC BANK
- Lead managers
- Emkay Global Financial Services Limited, Systematix Corporate Services Limited