Behari Lal Engineering, which launched its Rs 301.62-crore IPO on Aug. 12, 2026, closed for subscription today, Aug. 14. The IPO was subscribed over 100 times so far on Friday. The latest grey market activity points to a positive debut.

The grey market premium (GMP) of Rs 82 translates into a listing premium of roughly 29% against the upper issue price of Rs 285.

Here are the key details investors should know about the Behari Lal Engineering IPO.

The latest GMP for the Behari Lal Engineering IPO stood at Rs 82 as of 5:30 p.m. on Aug. 14. It indicates a listing price of Rs 367 apiece at a premium of 28.77% on the upper limit of the price band. The GMP has risen from Rs 53 in recent days to Rs 82.

The IPO of Behari Lal Engineering was subscribed 108.34 times on Friday

QIBs: 165.33 times
NIIs: 165.31 times
RIIs: 53.27 times


The Behari Lal Engineering IPO comprises:

Fresh issue: 32.63 lakh equity shares worth Rs 93 crore

Offer for Sale (OFS): 73.20 lakh equity shares worth Rs 208.62 crore

The total issue size stands at Rs 301.62 crore.

The price band was fixed at Rs 271–285 per share.

The minimum bid size for retail investors was 52 shares, requiring a minimum investment of Rs 14,820 at the upper end of the price band.

Emkay Global Financial Services Ltd. is the book-running lead manager, while MUFG Intime India Ltd. is the registrar to the issue.

The integrated iron and steel manufacturer has already secured Rs 90.48 crore from anchor investors, allocating 31.75 lakh equity shares at Rs 285 per share.

Incorporated in 1995 as Behari Lal Ispat Pvt., the company was renamed Behari Lal Engineering Pvt. in 2024 before converting into a public limited company. It is an integrated iron and steel manufacturing enterprise specialising in customised engineering solutions, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts.