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Behari Lal Engineering IPO Review

Behari Lal Engineering IPO has been reviewed by 6 analysts, and the overall consensus is Strong Apply — carrying a score of 96. Out of the 6 analysts who have covered this IPO, 5 recommend subscribing while 1 advises caution or avoidance — reflecting a broadly positive view from the analyst community.

The issue is priced in the band of ₹271-285 per share, with a minimum application size of 52 shares (minimum investment of approximately ₹14,820 at the upper band). Subscription ran from 12 Aug 2026 to 14 Aug 2026. The issue size is ₹302 crore, a mix of fresh issue and offer for sale. As of now, the grey market premium (GMP) for Behari Lal Engineering IPO is quoting at ₹133 (46.67%), which gives a preliminary sense of how the street is pricing the listing — though GMP is unofficial and can swing sharply before the listing date. Scroll down for the full analyst breakdown and analyst-wise verdicts.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Analyst verdict & score

One score out of 100, aggregated from every analyst verdict tracked for this issue. How it's calculated

Sentiment score
96/ 100
Strong Apply 5 of 6 recommend subscribing
How analysts voted
Apply 5
May apply 1

Higher consensus indicates broader analyst agreement.

Detailed review

What the analyst reports say, grouped by the question you're likely asking.

General review

Behari Lal Engineering manufactures steel products for infrastructure and industrial customers, with a diversified customer base and long-standing relationships. FY26 income was ₹546.52 crore with profit of ₹64.64 crore and EBITDA of ₹101.32 crore, all growing steadily for three years. All four analysts covering the issue said subscribe, a unanimous positive view.

Listing gains

At the ₹285 upper band the notes value the issue between about 17.2 and 19.4 times FY26 earnings, on a market cap near ₹1,206 crore. Analysts describe this as reasonable against listed peers given the growth on offer. With no dissenting rating, the coverage pointed towards a positive listing.

Short-term strategy

Profit has risen consistently, from ₹35.79 crore in FY24 to ₹52.95 crore and then ₹64.64 crore in FY26. Fresh money repays borrowings and funds new equipment at the second manufacturing facility. The near-term risk analysts flag is inventory management, where inaccurate demand forecasts could raise costs and hurt profitability.

Long-term strategy

The notes frame their subscribe calls as long-term, resting on the company's position in steel manufacturing, a diversified customer base and long-standing customer relationships, supported by broader infrastructure and industrial capital spending. Demand is therefore tied to the industrial capex cycle, which is the main thing to watch over a long holding period.

How this is written: an AI-assisted summary of the 6 analyst reports listed below. It reports their views; IPO Guru does not make buy or sell recommendations.

Analyst reviews

Ordered by each analyst's track record over the past year; analysts still building one are listed last.

Latest IPO reviews

How analysts rated the most recent mainboard issues — and, where they have listed, how the call played out.

Frequently asked

Should I apply for Behari Lal Engineering IPO?

The analyst consensus for Behari Lal Engineering IPO tracked on this page is Strong Apply, with a score of 96/100. Out of 6 analysts who have reviewed this IPO, 5 recommend subscribing. IPO Guru does not make buy or sell recommendations. Read the individual analyst reports and consult a SEBI-registered advisor before investing.

What does the score of 96 mean for Behari Lal Engineering IPO?

The score of 96 is an aggregate of all analyst ratings tracked for Behari Lal Engineering IPO. A score in this range indicates strong analyst confidence — most analysts are recommending a subscribe. Read the individual analyst verdicts above for more context.

What was the actual listing price of Behari Lal Engineering IPO?

Behari Lal Engineering IPO listed on August 19, 2026 at ₹465, against the issue price of ₹285 — a gain of +63.16% (₹180 per share). View the full GMP history page for day-wise pre-listing trends.

What is the price band and lot size of Behari Lal Engineering IPO?

Behari Lal Engineering IPO was priced at ₹271-285 per share. The minimum lot size is 52 shares, making the minimum investment approximately ₹14,820 at the upper end of the price band. Subscription ran from 12 Aug 2026 to 14 Aug 2026.

Explore Behari Lal Engineering IPO further

Analyst views are one input. Read them alongside the demand, the grey market and the filings before you decide.

Behari Lal Engineering IPO review

A verdict is an opinion, not a guarantee.

IPO Guru collects analyst views, GMP, subscription and allotment for every Mainboard and SME issue. Weigh them together — and against the offer document — before you apply.

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Disclaimer: Grey Market Premium (GMP) is for information purposes and is not a guarantee of listing price. Always consult your financial advisor before investing.

Consensus
Strong Apply
Score
96 / 100
Listed at
₹465
Full IPO details