Behari Lal Engineering has secured Securities and Exchange Board of India’s (SEBI's) approval to raise funds through initial public offering (IPO). The IPO comprises a fresh issue of shares worth Rs 110 crore and an offer-for-sale (OFS) of 78.54 lakh shares by promoters and an investor shareholder SG Tech Engineering.
Proceeds from the fresh issue will be deployed for funding capital expenditure requirements, repayment or prepayment of borrowings, and general corporate purposes. Emkay Global Financial Services and Systematix Corporate Services are the book-running lead managers to the public offering.
Behari Lal Engineering manufactures engineering castings, alloy steel products, and metal rolls, which are used in industries such as steel, power, and heavy engineering.
| Company Name | CMP |
|---|---|
| Tata Steel | 211.30 |
| JSW Steel | 1264.30 |
| SAIL | 184.70 |
| Jindal Stainless | 768.20 |
| APL Apollo Tubes | 1903.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: