Behari Lal Engineering IPO
Behari Lal Engineering Limited (BLEL) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 19 August 2026.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +22.2% (likely range +18% to +32%), day's high +29.3%, chance of a gain 97%. Actual: +63.2% at the open, +88.4% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 20,36,900 | 33,67,52,156 | 165x | |
| NII (HNI) total | 16,12,761 | 26,66,14,140 | 165x | |
| Big NII (above ₹10 lakh) | 10,75,174 | 17,17,57,300 | 160x | |
| Small NII (₹2-10 lakh) | 5,37,587 | 9,48,56,840 | 176x | |
| Retail | 37,63,108 | 20,04,63,744 | 53.3x | |
| Total | 74,12,769 | 80,38,30,040 | 108x |
Bids on NSE and BSE together, as published by NSE, as of 14 Aug 2026, 07:00 PM. Shares offered exclude the anchor portion. 21% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Behari Lal Engineering's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Arkade DevelopersSep 2024 | 163x | 163x | 51.4x | 107x | ₹434 Cr | +36.7% | +48.4% |
| Platinum IndustriesFeb 2024 | 151x | 142x | 51.0x | 99.0x | ₹235 Cr | +31.6% | +38.2% |
| Vraj Iron and SteelJun 2024 | 164x | 209x | 54.9x | 119x | ₹182 Cr | +15.9% | +21.7% |
| Ratnaveer Precision EngineeringSep 2023 | 133x | 135x | 54.0x | 94.0x | ₹165 Cr | +25.7% | +32.0% |
| Mukka ProteinsMar 2024 | 189x | 250x | 58.5x | 137x | ₹224 Cr | +42.9% | +50.9% |
| Awfis Space SolutionsMay 2024 | 117x | 130x | 54.6x | 109x | ₹599 Cr | +13.6% | +17.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Emkay Global Financial Services | 10 | +16.7% | 60% |
| Systematix Corporate Services | 11 | +11.4% | 45% |
Offer documents (NSE)
Frequently asked
What is the Behari Lal Engineering IPO price band and lot size? ₹271–285 per share, with a lot of 52 shares, so the smallest retail bid is ₹14,820.
How many times has it been subscribed? 108x overall: QIB 165x, NII 165x, retail 53.3x.
How did it list? It opened at ₹465, +63.2% against the issue price of ₹285, and closed its first day +76.2%.
