Behari Lal Engineering IPO Fully Subscribed on Day 1 with 1.35x Bids
Behari Lal Engineering Limited is subscribed 1.35 times overall on day 1 of bidding, with QIB 0.55x, NII 1.7x, retail 1.64x. Figures are official exchange data. Subscription measures demand for the issue, not how it will list.
A Roaring Start: Behari Lal Engineering IPO Fully Subscribed on Day 1 with 1.35x Bids
The initial public offering (IPO) of Behari Lal Engineering Limited kicked off with a bang today, Wednesday, August 12, 2026. Reflecting strong market appetite for industrial and manufacturing plays, the ₹301.62-crore mainboard issue breezed past its base target, achieving full subscription on the very first day of bidding. By the close of Day 1, the IPO was subscribed an impressive 1.35 times.
Day 1 Subscription Momentum The robust opening-day response indicates solid confidence among investors regarding the company's business model and valuation. Retail and non-institutional investor segments showed enthusiastic participation, laying a strong foundation for the remaining days of the bidding window.
Key Details of the Behari Lal Engineering IPO For investors looking to participate before the window closes, here is a quick rundown of the essential IPO details: Total Issue Size:* ₹301.62 crore. Offer Structure:* A fresh issue of equity shares worth ₹93 crore, alongside an Offer for Sale (OFS) of up to 73,20,001 equity shares aggregating to ₹208.62 crore by existing promoters and shareholders. Price Band:* Fixed between ₹271 and ₹285 per equity share. Lot Size:* Minimum bid of 52 shares, which translates to an initial retail investment of ₹14,820 at the upper price band. Subscription Window:* Opened on August 12, 2026, and closes on August 14, 2026. Fund Utilization:* The ₹93 crore fresh capital will be directed towards capital expenditure, including purchasing new machinery, installing rooftop solar panels at its manufacturing facilities, and repaying existing debt.
About Behari Lal Engineering Limited Based in Mandi Gobindgarh, Punjab, Behari Lal Engineering has been a stalwart in the steel and engineering space since 1995. The company is an integrated iron and steel manufacturer specializing in customized engineering solutions, metal rolls, alloy steel products, and engineering castings.
Catering to massive sectors like automotive, infrastructure, mining, and steel manufacturing, the company boasts a diversified domestic and international customer base of over 1,820 clients. Its financials are equally robust, posting a solid Profit After Tax (PAT) of ₹64.64 crore on revenues of ₹546.52 crore for FY26.