Chandigarh: Behari Lal Engineering Limited has fixed the price band of Rs 271/- to Rs 285/- per Equity Share of face value Rs 10/- each for its maiden initial public offer.
The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Wednesday, August 12, 2026, for subscription and close on Friday, August 14, 2026.
Investors can bid for a minimum of 52 Equity Shares and in multiples of 52 Equity Shares thereafter.
Equity shares outstanding as on date is 39,039,325 Equity Shares of Rs 10 each
The offer, with a face value of Rs 10 per equity share, comprises a fresh issue aggregating up to Rs 93 crore and an offer-for-sale of up to 7,320,001 equity shares by Promoters – Rajesh Garg, Lovlish Garg, Promoter group – Yogita Garg, and Dinesh Kumar Garg HUF and Investor selling shareholder – SG Tech Engineering Private Limited.
The proceeds from its fresh issuance worth Rs 19.59 crore will be utilised towards funding purchase and installation of new equipment / machinery (including computers, printers and computer peripherals) along with civil work for such installation at Manufacturing Facility 1, Rs 3.40 crore for purchase and installation of new roof-top solar panels at Manufacturing Facility 1, Rs 36.65 crore for purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2, Rs 3.40 crore for purchase and installation of new roof-top solar panels at Manufacturing Facility 2, Rs 57 lakh for repayment and/ or pre-payment, in full or part, of certain borrowings availed by the company, and remaining amount of the Net Proceeds for general corporate purposes.
The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).
Incorporated in 1995, the company is an integrated iron and steel manufacturing company specializing in customized engineering solutions. According to CRISIL, the company is one of India’s largest metal rolls producers and a leading player in the metal rolls meeting 10-11.5% of the country’s demand in Fiscal 2026.
The company is a manufacturer of metal rolls, engineering castings, alloy steel products, and forging ingots for user industries including steel, power, and heavy engineering.
It operates two manufacturing facilities in Mandi Gobindgarh, Punjab (manufacturing facilities) which are equipped with capabilities to design, develop and manufacture its products. Further, the company has recently commenced construction for its third manufacturing facility at Mandi Gobindgarh, District Fatehgarh Sahib, Punjab.
With over two decades of experience in the steel industry, the company has over the years honed its product development capabilities, which combined with a modern and fully integrated digital steel melting shop with ladle refining furnace (LRF), vacuum degassing (VD), foundry, heat treatment, machine shops, rolling mills and a skilled workforce, enable it to provide customized components tailored to meet the specific needs of its customers.
