Independent Research on Mutual Funds, Stocks & IPOs for Indian Investors

Behari Lal Engineering Limited, founded 1995, is one of the leading global players in integrated iron and steel manufacturing, specialising in customised engineering solutions. Manufactures precision-engineered components for critical industrial applications - metal rolls, engineering castings, alloy steel products, forging ingots and forged shafts/blocks - serving steel, iron, mining, power, sugar and engineering industries. Revenue Rs 546.52 Cr (2026) vs Rs 516.30 Cr (2025); PAT Rs 64.64 Cr vs Rs 52.95 Cr. Promoters: Bhuvnesh Garg, Dinesh Garg, Lovlish Garg, Parkash Chand Garg, Rajesh Garg. Issue: fresh Rs 93 Cr + OFS Rs 208.62 Cr. Final subscription: 108.44x overall. Listed Aug 19, 2026 at 61% premium (Rs 458.85); closed day at Rs 502.55, up 76.33%.