Behari Lal Engineering IPO

Behari Lal Engineering Limited is a listed issue, offered in a price band of ₹285 to ₹285 per share, in lots of 52 shares. Every figure below is taken from the issue's own filings and exchange disclosures.

Issue details

Price band

₹285 – ₹285

Lot size

52 shares

Minimum investment

₹14,820

Issue size

₹301.62 Cr

Fresh issue

₹93 Cr

Offer for sale

₹208.62 Cr

Opens

12 Aug 2026

Closes

14 Aug 2026

Listing date

19 Aug 2026

Registrar

MUFG Intime India Private Limited

Symbol

BLEL

One lot of 52 shares at the upper band price of ₹285 is ₹14,820 — the smallest retail application this issue accepts.

Lead managers: Emkay Global Financial Services Limited, Systematix Corporate Services Limited.

Subscription status

How many times the issue has been applied for, by investor category, as reported by the exchange at 14 Aug 2026, 07:05 pm IST.

Grey market premium (GMP)

Latest reported GMP

₹105

Implied over upper band

36.80%

As of

18 Aug 2026, 07:05 pm IST

How the reported premium has moved. The trend matters more than any single reading — a premium that is drifting down into the close is a different signal from one holding firm.

Grey Market Premium is an unofficial, unregulated over-the-counter datapoint reported by third parties. It is not a price, a forecast, or an indication of listing gains, and is not investment advice.

Reported financials

As disclosed in the offer document. Figures in ₹ crore unless the filing states otherwise.

Strengths disclosed in the offer document

• The company is strategically located in Mandi Gobindgarh, a steel production hub with excellent connectivity.
• The company has readily available raw materials and foundry consumables, along with strong infrastructure for road transport, facilitating smooth operations and reduced lead time.
• The company possesses advanced manufacturing facilities and a skilled workforce, enabling it to produce high-quality products and meet specific customer requirements.
• The company has a diversified product portfolio catering to various industries, including automobile, steel, mining, infrastructure, construction, power, aerospace, defence, and cement.
• The company has a long-standing relationship with over 1,600 customers, demonstrating its ability to provide tailored solutions and exceptional service.
• The company has a strong entry barrier due to its approvals and certifications from reputed organizations, which validate its technical capabilities and product quality.
• The company has a diversified sales base and is expanding its presence in foreign markets, which presents opportunities for growth.

Risk factors disclosed in the offer document

• The company generates significant revenue from its top 10 customers, and the loss of these customers or a reduction in their demand could adversely impact its business and financial condition.
• The company's success depends on its continuing relationships with its customers, and the loss of repeat customers or a reduction in their demand could adversely affect its business, results of operation, and financial conditions.
• The company caters to diverse end-use industries, and any adverse impact on these industries or loss of customers could have an adverse effect on its business, revenue from operations, and financial condition.
• A substantial proportion of the company's sales is concentrated in India, and any inability to maintain and grow revenues from sales in India may have an adverse effect on its business, financial condition, result of operation, cash flows, and future business prospects.
• The cost of raw materials consumed, including through imports, constitutes a significant component of the company's expenses, and any substantial delay or failure to procure necessary raw materials could have an adverse impact on its operations and its ability to meet customer obligations.
• The company is reliant on raw materials procured from third-party suppliers with whom it does not have long-term contracts, and failure to ensure a consistent supply of raw materials at commercially acceptable prices will adversely affect its business and financial condition.
• Any failure on the company's part to effectively manage its inventory may result in an adverse effect on its business, revenue from manufacturing operations, and financial condition.
• The company is heavily reliant on its alloy steel products, metal rolls, and engineering castings business segment, which cumulatively contributed more than 90.00% to its revenue from operations.

These are the company's own disclosures, not Alphave's assessment. Read the offer document →

What this page will not tell you

Whether to apply

Alphave is NISM-certified, not a SEBI-registered research analyst. There is no rating, verdict or recommendation on this issue anywhere on this page.

What it will list at

Nobody knows, and GMP is not a forecast of it. It is an unofficial over-the-counter quote reported by third parties, shown here with its source time so you can judge how stale it is.

Your allotment

Allotment is decided by the registrar (MUFG Intime India Private Limited) after the issue closes. Track the whole calendar in the IPO Centre.

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