Behari Lal Engineering and Shivalaya Construction Limited get final Sebi nod for IPO
Behari Lal Engineering and Shivalaya Construction have received approval from the Securities and Exchange Board of India (SEBI) for initial public offerings (IPO) Behari Lal Engineering IPO Punjab-based Behari Lal Engineering has received final approval from the capital markets regulator, Securities and Exchange Board of India (SEBI) for its initial public offering (IPO). The Company had filed its IPO papers with Sebi on September 26, 2025. The IPO consists of a comprises a fresh issue aggregating up to Rs 110 crore and an offer-for-sale of up to 78,54,521 equity shares by existing shareholders. The selling shareholders include promoters – Rajesh Garg and Lovlish Garg, promoter group members, Yogita Garg and Dinesh Kumar Garg (HUF), and investor shareholder SG Tech Engineering Private Limited. The company is a renowned manufacturer of engineering castings, alloy steel products, and metal rolls, all of which are vital components in industries including steel, power, and heavy e...