Lalbaba Engineering Ltd. IPO Details
Lalbaba Engineering was incorporated on June 26, 2006. The company provides engineering solutions through the development and manufacture of seamless tubes, precision forgings, and rail systems. It serves sectors such as railways, automotive, energy, and industrial infrastructure through three verticals—tubular solutions, forging solutions, and railway systems
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹10,000.0 M | DRHP DOC |
Lalbaba Engineering issue details
Lalbaba Engineering IPO issue size is ₹ 10,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Lalbaba Engineering IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Lalbaba Engineering NUMBER OF SHARES ON OFFER
Lalbaba Engineering FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| FY25 | 771.6 | 42.4 | 13.7 | -4.2 | 12.6% |
| FY24 | 599.5 | 26.6 | 6.2 | -16.3 | 12.0% |
| FY23 | 343.3 | 14.4 | 6.0 | -29.3 | 9.8% |
Lalbaba Engineering INFORMATION ON IPO ISSUE
About Lalbaba Engineering
Lalbaba Engineering was incorporated on June 26, 2006. The company provides engineering solutions through the development and manufacture of seamless tubes, precision forgings, and rail systems. It serves sectors such as railways, automotive, energy, and industrial infrastructure through three verticals—tubular solutions, forging solutions, and railway systems
Object of the Issue
- Funding capital expenditure requirements for the expansion of the Haldia facility
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes
Lalbaba Engineering - PROMOTERS
| Name |
|---|
| Kishan Dhanuka |
| Amit Dhanuka |
| Nikunj Dhanuka |
| Nishit Dhanuka |
| LBIC Engineering Private Limited |
Lalbaba Engineering - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Kishan Dhanuka | Chairman and Managing Director |
| Amit Dhanuka | Whole-Time Director |
| Nikunj Dhanuka | Whole-Time Director |
| Nishit Dhanuka | Whole-Time Director |
| Anil Kumar Chaudhary | Independent Director |
| Dharmendra Singh Gangwar | Independent Director |
| Sanjay Khare | Independent Director |
| Sucharita Basu De | Independent Director |
Lalbaba Engineering Book Running Lead Manager
IIFL Capital Services Limited
lalbabaengineering.ipo@iiflcap.com
Motilal Oswal Investment Advisors Limited
lalbaba.ipo@motilaloswal.com
Nuvama Wealth Management Limited
lalbaba.ipo@nuvama.com
Lalbaba Engineering Registrar to the Offer
MUFG Intime India Private Limited
lalbabaengineering.ipo@in.mpms.mufg.com
Lalbaba Engineering Strengths
Integrated solutions
The company operates through three integrated verticals—tubular, forging, and rail systems—enabling end-to-end engineering and manufacturing capabilities. This integrated structure supports a diverse product portfolio that serves critical applications across railways, automotive, energy, and industrial sectors
Customer relationships
The company maintains long-standing relationships with leading customers by consistently meeting technical specifications and ensuring quality standards. Its ability to provide customised engineering and manufacturing solutions has strengthened customer trust and retention.
Research focus
The company places strong emphasis on research and engineering to continuously improve and expand its product offerings. Its centralised research and development facility in Howrah serves as an innovation hub, supporting product enhancement, process optimisation, and technology development
Lalbaba Engineering Risks
Revenue concentration
The company derives a major portion of its revenue from its tubular solutions and rail systems verticals. Any reduction in demand for these products, rising competition, or pricing pressures could affect its financial performance
Dependent on railway contracts
The company’s growth is closely tied to contracts awarded by the Indian Railways and its associated entities. Any reduction in government spending on railway infrastructure or changes in policy could limit new project opportunities or lead to the modification or termination of existing contracts
Geographic concentration
The company’s manufacturing operations are concentrated in West Bengal, with facilities located at Haldia, Ghusuri, and Uluberia. This geographic dependence exposes the business to regional risks such as political unrest, natural disasters, regulatory changes, or economic disruptions. Any such event could interrupt production
IPO FAQs
The promoters of the company are Kishan Dhanuka, Amit Dhanuka, Nikunj Dhanuka, Nishit Dhanuka and LBIC Engineering Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.