Now Reading: Behari Lal Engineering IPO price band set at Rs 271-285
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Behari Lal Engineering IPO price band set at Rs 271-285
Behari Lal Engineering has fixed its IPO price band at Rs 271 to Rs 285 per share. The issue will open on 12 August and close on 14 August, with anchor bidding…
The Story in Brief
Behari Lal Engineering has fixed its IPO price band at Rs 271 to Rs 285 per share. The issue will open on 12 August and close on 14 August, with anchor bidding scheduled for 11 August. The lot size is 52 shares, or multiples thereof. Retail investors have been allocated at least 35% of the offer, while qualified institutional buyers can receive up to 50%.
The issue includes a fresh offering worth Rs 93 crore and an offer for sale of 73.20 lakh shares. The company plans to use fresh proceeds for machinery, facility expansion, rooftop solar panels, debt repayment and general corporate needs. Allotment is expected on 17 August, refunds and demat credit on 18 August, and listing on BSE and NSE on 19 August. The company operates two manufacturing units in Punjab and reported an order book worth Rs 178.569 crore as of 31 May 2026.
The Indian Opinion
IPO coverage often turns an order book into a promise of profits, while sceptics dismiss every public issue as a quick exit for existing shareholders. Neither shortcut helps investors. The fresh capital is meant partly for capacity and debt, but the offer also includes 73.20 lakh shares sold by existing holders. Buyers should compare the final valuation with listed peers and examine whether the order book converts into cash and earnings. The first useful test will be the company’s next reported operating performance, not its listing-day price.
Source: livemint.com
This story was synthesised by AI from the source linked above.
