Behari Lal Engineering Files Draft Papers for ₹110 Crore IPO

New Delhi, September 29, 2025: Behari Lal Engineering Ltd (BLEL) has filed draft papers with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO), seeking to raise ₹110 crore through a combination of fresh equity and an offer-for-sale (OFS). As per the Draft Red Herring Prospectus (DRHP), the IPO will comprise a new issue of equity shares aggregating ₹110 crore and an OFS of 78.54 lakh shares by promoters and investor shareholder SG Tech Engineering. The funds raised through fresh issue are intended to be used for capital expenditure, repayment or prepayment of borrowings, and general corporate needs.

Established in 1995 as Behari Lal Ispat Private Limited in Punjab, the company was renamed Behari Lal Engineering Ltd (BLEL) in 2024 following its conversion into a public company. The renaming reflects its diversified product portfolio and expanded operations. BLEL manufactures engineering castings, alloy steel products, and metal rolls for sectors including steel, power, and heavy engineering. The company operates two integrated plants in Mandi Gobindgarh, Punjab, a foundry and steel melting shop, and a rolling mill division—both equipped with design, testing, and R&D facilities.

Behari Lal Engineering IPO Operations and Market Reach

As of March 31, 2025, the company operates an installed capacity of 1.2 lakh tonnes per year. It has a customer base of over 1,600 customers in 19 states and six Union Territories in India and exports to 15 nations, including Germany, the United States, Brazil, South Africa, and the UAE.

Behari Lal Engineering IPO Financial Performance

Financially, BLEL posted revenue of ₹508 crore in FY2025 compared to ₹446 crore in FY2024 and profit after tax of ₹53 crore as against ₹36 crore in FY2024.

Behari Lal Engineering IPO Management and Listing

Emkay Global Financial Services and Systematix Corporate Services have been appointed as book-running lead managers to the IPO. The shares of the company would be listed on both the NSE and the BSE.

Behari Lal Engineering IPO Key Takeaway

The IPO offers shareholders a chance to invest in an expanding engineering and metal products firm with a solid market position and prospects of debt repayment and capacity increases.

REF: https://www.bseindia.com/corporates/download/306242/IPO Prior/BehariLalEngineeringLimitedDRHP_20250926171404.pdf

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