Behari Lal Engineering, CSM Technologies File Draft Draft with Sebi to launch IPOs

Punjab’s Bearari Lal Engineering and Bhubaneswar-based CSM technologies have submitted their concept Red Herring Prospectus (DRHP) to the Securities and Exchange Board of India (Sebi) to launch their first public offer (IPO). Bearari Lal plans to set up RS 110 Crore through a new issue, while CSM Technologies will hand over new shares up to 1.29 Crore.

Behari Lal Engineering IPO

Behari Lal Engineering IPO will be a new problem that is aggregated by existing shareholders up to RS 110 Crore and an offer for sale (OFS) of a maximum of 7,854,521 shares. The sales shareholders are promoters – Rajesh Garg and Lovlish Garg, members of the Promotion Group, Yogita Garg, Promotion Group who sells shareholder, Dinesh Kumar Garg (HUF) and investor shareholder SG Tech Engineering Private Limited.

The offer is made through the book construction process. The proceeds from the new issue will be used to finance the requirements of capital expenditure, reimbursement or advance payment of loans and general business purposes.

Bearari Lal Engineering was founded in Punjab in 1995 under the name Bearari Lal ISPAT Private Limited. In 2024, the company was converted into a public limited entity and renamed Beari Lal Engineering Limited to display the larger scale and wider product portfolio. The company is a reputable manufacturer of technical castings, alloy steel products and metal rolls, all of which are vital components in industries, including steel, electricity and heavy engineering.

Also read: Atroe Engineering, Deon Energy File DRHPs with SEBI to increase RS 202 Crore and RS 150 Crore through a new problem

CSM Technologies IPO

CSM Technologies offers digital transformation, govtech and IT Consulting Services. The IPO, with a nominal value of RS 10 per share, consists entirely of a new edition of a maximum of 1.29.01,000 shares, without supply for sale (OFS) component.

The proceeds from the new issue will be used to finance growth initiatives, strengthen technological infrastructure, reimbursement/advance payment of certain loans and general business purposes.

Founded in 1998 as a cybertech software & multimedia PVT. Ltd., the company was renamed CSM Technologies PVT. Ltd. in 2014 and converted into a public company in 2025. The company has subsidiaries in the US, the VAE, Canada, Kenya and Rwanda, together with an Indian subsidiary, Kwantify Solutions PVT. Ltd.

The company’s promoters are Priyadarshi Panyy and Lagna Panda.

For FY2025, CSM technologies reported consolidated income from the activities of RS 1,992.4 Crore, compared to RS 1.967.1 Crore in FY2024 and RS 1.604.4 Crore in FY2023. The profit after the tax rose to RS 129.9 Crore in FY2025, from RS 104.3 Crore in FY2024 and RS 80.0 Crore in FY2023.

The book runs lead manager to the problem is Keynote Financial Services Limited, and the registrar of the problem is KFIN Technologies Limited.

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