(Economy India):Engineering castings and alloy steel products manufacturer Behari Lal Engineering has announced the price band for its upcoming Rs.302 crore Initial Public Offering (IPO). The company has fixed the price band at Rs.271 to 285 per equity share, with the public issue set to open for subscription on August 12, 2026.
According to the company’s public announcement released on Friday, the IPO will remain open for three days and close on August 14, 2026. The anchor investor bidding is scheduled to take place on August 11, a day before the issue opens for public subscription.
At the upper end of the price band, the IPO is expected to raise around Rs.302 crore. The proceeds from the issue are likely to support the company’s expansion plans, strengthen its financial position, and meet general corporate requirements.
Behari Lal Engineering is engaged in the manufacturing of engineering castings and alloy steel products, supplying components to various industrial sectors. The company serves customers across multiple industries and aims to expand its production capabilities amid growing demand for high-quality engineering products.
The IPO comes at a time when India’s primary market continues to witness steady investor interest, with several companies tapping the capital markets to fund expansion and business growth. Market experts believe that investors will closely evaluate the company’s financial performance, growth strategy, and industry outlook before making investment decisions.
Investors interested in the public issue can bid within the announced price band during the subscription period. After the issue closes, the company is expected to complete the allotment process and proceed with listing on the stock exchanges as per the regulatory timeline.
(Economy India)
