Behari Lal Engineering IPO Details: Key Dates, Price Band & Investment Overview

Incorporated in 1995, Behari Lal Engineering Limited (formerly Behari Lal Ispat Private Limited) is a formidable integrated iron and steel manufacturing powerhouse specializing in customized, precision-engineered solutions. Operating heavily in the B2B sector, the company is recognized as one of India's largest producers of metal rolls, commanding an impressive 10% to 11.5% of the domestic market share.

The company's diverse manufacturing portfolio is structured around four primary verticals:

• Metal Rolls: The flagship product line, producing specialized consumable tooling rolls (including alloy cast steel and graphitic steel) that are crucial for steel rolling mills to shape hot steel into bars, rebars, and structural sections.
• Engineering Castings: Heavy-duty castings ranging from 500 kg to 20 metric tonnes per unit, manufactured specifically for the steel, mining, power, aggregate crusher, and sugar industries.
• Alloy Steel Products: A wide spectrum of carbon, alloy, and stainless steel bars (ranging from 6 mm to 230 mm in various shapes), alongside specialized tool and valve steel.
• Forging Ingots & Forged Shafts/Blocks: Essential raw materials supplied for open-die and closed-die forging processes, serving high-demand sectors like automotive, aerospace, oil & gas, and heavy engineering.

Backed by two strategically located, state-of-the-art manufacturing facilities in Mandi Gobindgarh, Punjab (spanning over 790,000 sq. ft. and boasting a combined installed capacity of nearly 119,500 MT), the company has built a massive industrial footprint. It serves a robust, recurring clientele of over 1,825 domestic and international customers, exporting its precision components to 21 countries across 5 continents.

The Behari Lal Engineering IPO is a ₹301.62 Crore Mainboard issue, which includes a ₹93.00 Crore Fresh Issue and a ₹208.62 Crore Offer for Sale (OFS) by existing promoter shareholders.

Because the OFS portion goes directly to the selling shareholders, the company will only utilize the net proceeds generated from the fresh issue. These funds will be aggressively directed toward the following core objectives:

• Capital Expenditure for Machinery & Infrastructure: A major chunk of the funds will finance the purchase and installation of advanced equipment, modern machinery, and associated civil works to upgrade production capabilities at both Manufacturing Facility 1 and Manufacturing Facility 2 in Mandi Gobindgarh.
• Green Energy Initiatives (Rooftop Solar Panels): To drastically reduce long-term operational and energy costs, the company will invest heavily in installing rooftop solar power systems at both of its manufacturing plants.
• Debt Repayment: A portion of the proceeds will be utilized for the full or partial repayment and prepayment of certain outstanding borrowings, further strengthening an already healthy debt-to-equity profile.
• General Corporate Purposes: The remaining balance will cover day-to-day administrative needs, working capital requirements, and ongoing strategic business initiatives.