3 weeks ago
Behari Lal Engineering IPO priced at Rs 271-285 per share
A company called Behari Lal Engineering makes metal parts like rolls and castings that other factories use.
It is now inviting people to buy a small part of the company, called a share.
This invitation is called an IPO, which means initial public offering.
Each share will cost between 271 and 285 rupees.
People can buy shares starting on Wednesday, 12 August, and the sale closes on Friday, 14 August.
The company wants to collect about 93 crore rupees in new money, and some existing owners are also selling their shares.
It will use the money to buy new machines, put solar panels on the roofs of its factories, and pay back some loans.
Some reports say the solar panels will go on only one factory, while another report says both factories.
After the sale, the shares will be listed on stock exchanges called BSE and NSE around 19 August.
Buying shares can be risky, so people should think carefully before investing.
Behari Lal Engineering's Rs 302 crore IPO has a price band of Rs 271-285 per equity share of face value Rs 10, with a lot size of 52 shares.
Subscription opens on Wednesday, 12 August, and closes on Friday, 14 August, with anchor investor allocation scheduled for Tuesday, 11 August.
The issue comprises a fresh issue of Rs 93 crore and an Offer for Sale of up to 73.20 lakh equity shares by promoters and selling shareholder SG Tech Engineering.
Proceeds will fund capital expenditure, equipment and civil works at both Mandi Gobindgarh manufacturing units, rooftop solar panels (articles differ on whether one or both units get them), repayment of borrowings, and general corporate purposes.
Allotment is tentatively finalised on 17 August, refunds start 18 August, and listing on BSE and NSE is expected on Wednesday, 19 August.
- Who
- Behari Lal Engineering Ltd., an integrated iron and steel manufacturing company based in Mandi Gobindgarh, Punjab, along with selling shareholders including promoters and SG Tech Engineering.
- What
- A Rs 302 crore initial public offering (IPO) with a price band of Rs 271-285 per share, comprising a fresh issue of Rs 93 crore and an Offer for Sale of up to 73.20 lakh equity shares.
- Where
- India, with shares to be listed on BSE and NSE; the company's manufacturing facilities are in Mandi Gobindgarh, Punjab.
- When
- Subscription runs from 12 August to 14 August 2026, with anchor allocation on 11 August and listing tentatively scheduled for 19 August.
- Why
- To fund capital expenditure for expanding manufacturing capabilities at both facilities, install rooftop solar panels, repay or prepay borrowings, and for general corporate purposes.
Key facts
- Price band
- Rs 271-285 per share (face value Rs 10)
- Subscription dates
- 12 August to 14 August 2026 (anchor allocation on 11 August)
- Lot size
- 52 equity shares
- Issue size
- Fresh issue of Rs 93 crore + OFS of 73.20 lakh shares (approx. Rs 302 crore at upper band)
- Reservation
- Not more than 50% QIB, not less than 15% NII, not less than 35% retail
- Listing
- BSE and NSE, tentatively 19 August 2026 (allotment 17 August, refunds 18 August)
- Order book
- Rs 1,785.69 million as of 31 May 2026
- Book-running lead manager
- Emkay Global Financial Services Ltd.; registrar MUFG Intime India Pvt. Ltd.
Sources
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