Behari Lal Engineering Limited
BLEL • BSE, NSE
Issue details
Price band
₹271 - ₹285
Lot size
52 shares
Issue size
₹211.26 Cr
Min. investment
₹14,820
Registrar
MUFG Intime India
Subscription
81.63x
Grey market premium
Est. gain+₹133 · 47%
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IPO Timeline
Open
12 Aug
Close
14 Aug
Allotment
17 Aug
Listing
19 Aug
- Refunds & demat credit
- 18 Aug 2026
- Mandate end
- 29 Aug 2026
- Anchor lock-in 50%
- 16 Sep 2026
- Anchor lock-in 100%
- 15 Nov 2026
We calculate these dates from the allotment and close dates, so please treat them as indicative. Anchor lock-in applies only to issues with an anchor allotment.
Application size
| Category | Minimum | Maximum |
|---|---|---|
| RII | 52shares 1 lot · ₹14,820 | 676shares 13 lots · ₹1,92,660 |
| sNII (₹2L–₹10L) | 728shares 14 lots · ₹2,07,480 | 3,484shares 67 lots · ₹9,92,940 |
| bNII (above ₹10L) | 3,536shares 68 lots · ₹10,07,760 | No limit funds permitting |
Based on the upper price band of ₹285 and a lot of 52 shares.
Subscription
| Quota | Shares offered | Shares bid | Subscribed |
|---|---|---|---|
| NII | 16,12,761 | 21,87,77,468 | 135.65x |
| bNII (above ₹10L) | 5,37,587 | 7,01,08,792 | 130.41x |
| Retail (IND) | 37,63,108 | 12,55,84,784 | 33.37x |
| Total | 74,12,769 | 60,50,91,188 | 81.63x |
Last updated 27 days ago.
Issue structure
Face value
₹10 per share
Issue type
Bookbuilding IPO
Sale type
Fresh capital cum OFS
Fresh issue
₹93 Cr
32,63,157 shares
Offer for sale
₹209 Cr
73,20,001 shares
Shares pre-issue
3,90,39,325
Shares post-issue
4,23,02,482
Valuation & ratios
| Metric | Pre-IPO | Post-IPO |
|---|---|---|
| EPS | 16.56 | 15.28 |
| P/E | 17.21 | 18.65 |
| Market cap | ₹1,113Cr. | ₹1,205.62 Cr |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 23.60% |
| ROCE | 27.11% |
| Debt/Equity | 0.06 |
| RoNW | 21.12% |
| PAT Margin | 12.10% |
| EBITDA Margin | 18.97% |
| NAV | 78.41 |
| Price to Book Value | 3.63 |
Financials
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total income | 546.52 | 516.3 | 449.96 |
| Profit after tax | 64.64 | 52.95 | 35.79 |
| EBITDA | 101.32 | 81.31 | 60.99 |
| Net worth | 306.1 | 241.62 | 193.66 |
| Assets | 367.87 | 295.98 | 262.08 |
| Reserves & surplus | 267.06 | 233.81 | 186.13 |
| Total borrowing | 17.78 | 7.58 | 41.21 |
Figures in ₹ crore, as reported by the company in its offer document.
Objects of the issue
- 1.Funding capital expenditure requirement for purchase and installation of new equipment / machinery (including computers, printers and computer peripherals) along with civil work for such installation at Manufacturing Facility 1₹19.59 Cr
- 2.purchase and installation of new roof-top solar panels at Manufacturing Facility 1₹3.4 Cr
- 3.purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2₹36.65 Cr
- 4.purchase and installation of new roof-top solar panels at Manufacturing Facility 2₹3.4 Cr
- 5.Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company₹0.57 Cr
- 6.General Corporate Purposes—
What the company says it intends to do with the money raised.
Recent comparable IPOs
| Company | Issue price | P/E | Listing close | Listing gain |
|---|---|---|---|---|
| Rajputana Stainless Ltd.Mainboard | ₹122 | 21.1 | ₹113.03 | -7.35% |
| VMS TMT Ltd.Mainboard | ₹99 | 22.24 | ₹99.65 | +0.66% |
| Anubhav Plast Ltd.SME | ₹80 | 10.67 | ₹76.00 | -5.00% |
| Kasturi Metal Composite Ltd.SME | ₹64 | 23.59 | ₹63.16 | -1.31% |
| Shri Kanha Stainless Ltd.SME | ₹90 | 16.23 | ₹83.60 | -7.11% |
| Mittal Sections Ltd.SME | ₹143 | 31.15 | ₹108.70 | -23.99% |
| M P K Steels (I) Ltd.SME | ₹79 | 9.04 | ₹83.50 | +5.70% |
Past listing performance of comparable issues. This is not a forecast: listing gains vary widely and can turn negative.
Issue fundamentals compiled from the company's offer document via Chittorgarh, last read 10 Aug 2026. Always verify against the RHP before applying.