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Established in 1995, Behari Lal Engineering Ltd. is an integrated iron and steel manufacturer specializing in customized engineering solutions. The company produces high-precision components designed for critical industrial uses, offering a product range that includes specialized metal rolls, heavy engineering castings, alloy steel products, and forged materials. Operating out of two production units in Mandi Gobindgarh, Punjab, it serves a diverse market across sectors such as steel, power, mining, and sugar.

With over three decades of operational expertise, the business has built a solid market presence, catering to more than 1,800 domestic and global clients. Its established client base features prominent industry players, including Shyam Metallics and Energy, BMW Industries, and Metso India. Backed by an order book of ₹1,785.69 million as of May 2026, the company continues to demonstrate strong commercial demand and sustained growth potential.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

*Market cap @upper band

• Long standing relationships with a large number of customers spread across a wide array of end-user industries
• Diversified product portfolio catering to varied application industries
• Strategically located Manufacturing Facilities with advanced equipment and robust overlapping processes
• Experienced promoters and management team
• Track record of financial performance and consistent growth.

The Company BEHARI LAL ENGINEERING LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• 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 (Rs. 19.59 Cr.)
• Purchase and installation of new roof-top solar panels at Manufacturing Facility 1 (Rs. 3.40 Cr.)
• Purchase and installation of new equipment / machinery along with civil work for such installation at Manufacturing Facility 2 (Rs. 36.65 Cr.)
• Purchase and installation of new roof-top solar panels at Manufacturing Facility 2 (Rs. 3.40 Cr.)
• Repayment and/ or pre-payment, in full or part, of certain borrowings availed by the Company (Rs. 0.57 Cr.)
• General Corporate Purposes.

At the upper band of IPO Rs. 285, the stock is valued at 18.65 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.