Mumbai: Punjab based integrated engineering company Behari Lal Engineering announced Rs 302 crore initial public offering in the price band of Rs 271 to Rs285 per equity share of Rs 10 face value.
The public offer opens on August 12 and closes on August 14, 2026 Behari Lal Engineering is an integrated iron and steel manufacturing company specialising in customised engineering solutions.
The company is one of the India’s largest metal rolls producers meeting 10 to 11.5 per cent of the country’s demand. Behari Lal Engineering’s products portfolio includes metal rolls, engineering castings, alloy steel products and forging ingots for user industries including steel, power and heavy engineering.
Company also exports precision engineering components to 21 countries including Afghanistan, Brazil, Finland, France, Germany, Ireland, Mexico, Nepal, Nigeria, South Africa, Tanzania, UAE and USA.
The public issue is a mix of fresh issue of shares worth Rs 93 crore and an offer for sale of over 73.20 lakh equity shares by promoters and investors selling shareholder-SG Tech Engineering.
Proceeds from the fresh issue will be used for purchase of equipments, civil works at its manufacturing units 1&2 located in Mandi Gobindgarh, Punjab, purchase and installation of rooftop solar panels at unit 1.
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