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Behari Lal Engineering IPO: ₹93-crore fresh issue opens today at ₹271-285 per share
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The public offer of Behari Lal Engineering Ltd, an integrated iron and steel manufacturing company that specialises in customised engineering solutions, opens today at a price band of ₹271-285 and closes on Friday.
Company InformationIncorporated in 1995, the company is an integrated iron and steel manufacturer specialising in customised engineering solutions.
The company is a manufacturer of metal rolls, engineering castings, alloy steel products, and forging ingots for user industries, including steel, power, and heavy engineering.
Further, the company has recently commenced construction for its third manufacturing facility at Mandi Gobindgarh, District Fatehgarh Sahib, Punjab.
Going forward, the company intends to use the fresh proceeds to fund capex at its existing facilities and is in the process of setting up a third manufacturing facility.