Behari Lal IPO Subscription Status Day 1 – Live Updates & Key Details

Behari Lal Engineering opened its IPO for subscription on August 12, 2026. Incorporated in 1995, the company is an integrated iron and steel manufacturing business specialising in customised engineering solutions. It manufactures precision-engineered components for critical industrial applications, including metal rolls, engineering castings, alloy steel products, forging ingots, and forged shafts and blocks, catering to a wide array of end-user industries with stringent qualification processes.

This is a ₹301.62 crore IPO, made up of a ₹93 crore fresh issue and an offer for sale of ₹208.62 crore across five promoter selling shareholders and one corporate entity, SG Tech Engineering Pvt. Ltd. Part of the money raised goes into the business, while the rest goes to the selling shareholders.

Price band is set at ₹271 to ₹285 per share. Lot size is 52 shares, so retail investors need ₹14,820 to apply at the upper end. The issue closes August 14, and listing is expected August 19 on both BSE and NSE.

Behari Lal Engineering IPO - Day 1 Subscription Status

Live Subscription Data (Update in Real Time): Category-wise Breakdown on Day 1

The issue has opened to a slow start, a fairly typical pattern for a mainboard IPO on its first day, with institutional bids yet to meaningfully show up.

Figures as of 5:00 PM, August 12, 2026 (Day 1, consolidated bid details), per NSE data. The issue received bids for 1.50 crore shares against 74.12 lakh shares on offer.

What Day 1 Numbers Indicate

Retail has moved fastest out of the gate, already comfortably past full subscription at 2.69x, a strong opening-day response. NII followed closely at 2.11x, with small HNIs (3.81x) running well ahead of big HNIs (1.26x), a fairly typical early pattern before bigger-ticket money commits closer to the close.

QIB, at 0.73x, is still short of full subscription, but that's completely standard, institutional investors almost always place the bulk of their bids in the closing day or two of a bidding window, once they've had time to assess how the rest of the book has filled up.

Overall subscription at 2.03x by Day 1's close is a solid opening for a mainboard steel and engineering business, reflecting good early conviction from both retail and HNI investors, even as institutional demand has more room to build.

Day-wise IPO Subscription Trend

With QIB still under full subscription and two more bidding days ahead, expect institutional demand to build meaningfully as the issue heads toward its August 14 close.

Behari Lal Engineering IPO - Allotment and Listing Date

Should You Apply for Behari Lal Engineering IPO?

A few things worth weighing before you decide:

• It's a mix of fresh issue and offer for sale, with the ₹93 crore fresh issue going into the company, while the larger ₹208.62 crore OFS portion goes to selling promoters and one corporate shareholder.
• The company has long-standing relationships with customers across a wide array of end-user industries with stringent qualification processes, along with a diversified product portfolio and strategically located manufacturing facilities.
• The company is reliant on third-party suppliers without long-term contracts for raw materials; procurement costs from its top 10 suppliers made up 38.39% of total expenses in FY26, worth keeping in mind given the pricing dynamics of the steel industry.
• Day 1 demand has been led by retail (2.69x) and NII (2.11x), while QIB, at 0.73x, still has ground to cover, typical for this early in the window.

This is informational content, not investment advice. Weigh your own risk appetite before applying.

How to Apply for Behari Lal Engineering IPO

You can apply through any of these routes:

1. ASBA via net banking – log into your bank's net banking, go to the IPO section, select Behari Lal Engineering, enter quantity and bid price, then authorise.
2. UPI via broker app – open your broker app, find the IPO under current issues, enter your UPI ID and bid details, then approve the mandate on your UPI app.
3. Physical ASBA form – submit through your bank branch if you prefer the offline route.

Bid in multiples of the 52-share lot. Applying at the cut-off price improves your allotment chances since it matches the final discovered price.

Behari Lal Engineering IPO Important Dates

How to Check Behari Lal Engineering IPO Subscription Status

How to check Behari Lal Engineering IPO Subscription Status on NSE website

1. Go to the NSE India website and open the "Live IPO Bidding" section.
2. Select Behari Lal Engineering Limited from the dropdown.
3. You'll see category-wise bid numbers, updated through the trading day.

How to check Behari Lal Engineering IPO Subscription Status on BSE website

1. Visit the BSE India IPO page.
2. Search for Behari Lal Engineering under active issues.
3. Click on it to view live bid quantity against shares reserved, split by category.

How to check Behari Lal Engineering IPO Subscription Status on Ventura?

Log into your Ventura account, go to the IPO section, and select Behari Lal Engineering from the list of live issues. You'll find the live subscription numbers along with your own application status if you've already applied.

Conclusion

Behari Lal Engineering's IPO has opened strong, closing Day 1 at 2.03x overall, with retail leading at 2.69x and NII close behind at 2.11x. QIB, at 0.73x, still has room to build as institutional bids typically pick up closer to the close. With a diversified industrial customer base and established manufacturing facilities behind the business, this is one to track closely as bidding continues toward the August 14 close.