Mumbai: Behari Lal Engineering Limited, which is an integrated iron and steel manufacturing company specializing in customized engineering solutions, has garnered Rs 90.48 crore from anchor investors ahead of its initial public offering, which opens for public subscription on Wednesday, August 12, 2026.

The company informed the bourses that it allocated 3l,74,946 equity shares at Rs 285 per share to anchor investors.

Some of the marquee institutions that participated in the anchor include Tata AIA Life Insurance Company Ltd A/C Flexi Growth Fund ULIP, Pinebridge Global Funds – Pinebridge India Equity Fund and Amicorp Capital (Mauritius) Limited.

Amongst equity- oriented schemes, the company has allocated shares to Whiteoak Capital Balanced Advantage Fund, Bandhan Large & Mid-Cap Fund, and Dynasif Equity – Ex Top 100 Long Short Fund.

Out of the total allocation of 3l,74,946 equity shares to the anchor investors, 10,87, 718 equity shares were allocated to 3 domestic mutual funds through 3 schemes.

Emkay Global Financial Services Limited and Systematix Corporate Services Limited are the book-running lead managers, and MUFG Intime India Private Limited is the registrar of the offer.

The equity shares are proposed to be listed on BSE and NSE.