Behari Lal Engineering IPO Day 3: Issue booked 93.21x so far. Check GMP, subscriptions, key dates. Apply or skip? | Stock Market News

The company had also raised ₹90.48 crore from anchor investors ahead of the public issue. The Behari Lal Engineering IPO price band has been fixed at ₹271– ₹285 per share.

Behari Lal Engineering operates two manufacturing facilities in Mandi Gobindgarh, Punjab, and has recently started construction of a third plant in the Fatehgarh Sahib district.

The company manufactures metal rolls, engineering castings, alloy steel products and forging ingots, catering to industries such as steel, power and heavy engineering.

The Behari Lal Engineering IPO has reserved up to 50% of the issue for QIBs, at least 15% for NIIs and at least 35% for retail investors.

The Behari Lal Engineering IPO allotment is tentatively scheduled to be finalised on 17 August, with refunds expected to begin on 18 August. Shares are also likely to be credited to the demat accounts of successful allottees on 18 August.

The Behari Lal Engineering IPO listing date is expected to be 19 August, with the shares likely to list on both the BSE and NSE.

Behari Lal Engineering IPO GMP today is +80. Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of the Behari Lal Engineering share was ₹365 apiece, which is 28.07% higher than the IPO price of ₹285.

According to grey market trends over the past nine sessions, the IPO's GMP is showing an upward trend today, suggesting that a strong listing is anticipated. Throughout this time, the GMP fluctuated between a low of ₹0.00 and a high of ₹80, as noted by analysts.

The company has received bids for 12,84,52,376 shares against 74,12,769 shares on offer at 11:06 IST, according to BSE data.

Swastika Investmart said Behari Lal Engineering has delivered steady growth in revenue and profitability, with its EBITDA margin improving from 13.67% in FY24 to 18.97% in FY26. The PAT margin also increased to 12.10%. The brokerage highlighted the company's ₹178.57 crore order book as of 31 May 2026, which provides some revenue visibility.

However, Swastika Investmart noted that the IPO appears fully priced, while the absence of a directly comparable listed peer makes valuation assessment difficult. It also flagged high customer concentration and unhedged foreign exchange exposure as key risks. Well-informed investors may consider the issue from a medium- to long-term perspective, it said.

Behari Lal Engineering IPO comprises a fresh issue of equity shares worth ₹93 crore and an offer for sale (OFS) of 73.20 lakh equity shares by existing shareholders.

The company plans to utilise the net proceeds from the fresh issue primarily to expand and upgrade its manufacturing capacity. The funds will be used to purchase and install new machinery and equipment, along with computers, printers, and other peripherals, and to undertake related civil works at its two manufacturing facilities in Mandi Gobindgarh, Punjab.

The company also plans to install rooftop solar panels at both facilities as part of its expansion and energy-efficiency initiatives. A portion of the proceeds will be used to repay or prepay certain borrowings, while the remaining funds will be allocated to general corporate purposes.

Emkay Global Financial Services is the book-running lead manager to the issue, while MUFG Intime India is acting as the registrar.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Dhanya Nagasundaram works as a Content Producer at LiveMint, specializing in news related to financial markets, stocks, and business. With over eight years of experience in journalism and content creation, she has honed her skills in data-driven reporting and market analysis. Her focus is on monitoring stock trends, initial public offerings (IPOs), corporate news, policy shifts, and larger economic trends that affect investors and market players. <br><br> At LiveMint, Dhanya consistently writes and produces articles that make complex financial topics accessible to readers. She keeps a close eye on equity markets, commodities, and macroeconomic indicators, assisting audiences in comprehending how global and domestic events influence investment perspectives. Her stories frequently underscore emerging trends within sectors, the IPO market, company earnings results, and market strategies pertinent to both retail and institutional investors. <br><br> Before her tenure at LiveMint, Dhanya accumulated a wealth of professional experience at various companies, including MintGenie, Informist, Cogenics, Chary Publications, KPMG, and the Royal Bank of Scotland. These positions allowed her to establish a solid foundation in financial research, reporting, and content creation. <br><br> Throughout her career, she has explored numerous subjects such as trading strategies, commodities, IPOs, wealth generation, corporate profits, and macroeconomic indicators. Her background in both financial journalism and corporate settings has given her the ability to tackle stories with analytical rigor while ensuring clarity for her audience. Through her contributions, Dhanya strives to deliver insightful, trustworthy, and investor-centric financial content.

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