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  5. Behari Lal Engineering IPO Day 3: Check subscription status, allotment date and steps

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Behari Lal Engineering IPO Day 3: Check subscription status, allotment date and steps

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
By Kamal Joshi

3 min read | Updated on August 14, 2026, 09:45 IST

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SUMMARY

The ₹301.62 crore Behari Lal Engineering IPO comprises a fresh issuance of equity shares worth ₹93 crore and an offer-for-sale (OFS) component of ₹208.62 crore.

Behari Lal Engineering makes metal rolls, engineering castings, alloy steel products and forging ingots. | Image: beharilalengineering.com

Behari Lal Engineering makes metal rolls, engineering castings, alloy steel products and forging ingots. | Image: beharilalengineering.com

The initial public offering of integrated iron and steel manufacturer Behari Lal Engineering Limited will conclude on Friday, August 14. The subscription details will be out post 10 am.

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As of Day 2, the issue was subscribed 7.78 times, with bids for 5,76,69,144 shares compared to 74,12,769 shares on offer, according to NSE data.

The non-institutional investors (NIIs) category was subscribed 11.11 times. The quota for retail investors got 9.36 times subscription and the part for qualified institutional buyers (QIBs) was booked 2.22 times.

The ₹301.62 crore initial share sale comprises a fresh issuance of equity shares worth ₹93 crore and an offer-for-sale (OFS) component of ₹208.62 crore by promoters Rajesh Garg, Yogita Garg, Lovlish Garg, Dinesh Kumar Garg HUF and investor SG Tech Engineering Pvt Ltd.

The company intends to use the fresh issue proceeds for buying and installing equipment and machinery, including computers and peripherals, and related civil work at its manufacturing units.

Funds will also be utilised for installing rooftop solar panels at both facilities, debt clearance and corporate general purposes.

Behari Lal Engineering Ltd operates two manufacturing units at Punjab's Mandi Gobindgarh and has recently started construction of a third plant in Fatehgarh Sahib district.

The company makes metal rolls, engineering castings, alloy steel products and forging ingots for industries such as steel, power and heavy engineering.

Behari Lal Engineering IPO allotment and listing date

The Behari Lal Engineering IPO allotment is expected to be finalised on Monday, August 17. The shares of the company will be listed on the BSE and NSE on August 19.

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Disclaimer: This article is written purely for informational purposes and should not be considered investment advice from Upstox. Securities mentioned are illustrative and not recommendations. Please consult a financial advisor before making any investment decisions.

About The Author

Journalist Kamal Joshi, former Republic TV and latestly news editor, currently associated with Upstox as senior ipo writer.
Kamal Joshi is a business journalist who covers markets and IPOs. He places a special focus on in-depth analysis of DRHPs, RHPs and public-issue documents to produce data-driven stories. He covers trends across mainboard and SME IPOs, anchor allocations, subscription status and post-listing performance. He is passionate about breaking news and enjoys playing pickleball, especially flexing his net play. He was previously associated with Republic TV and LatestLY.

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