Lalbaba Engineering IPO Description – Lalbaba Engineering is an engineering solutions provider specialising in the development and manufacture of high-performance seamless tubes, precision forgings, and integrated railway systems. Operating at the intersection of advanced metallurgy, precision manufacturing, and end-to-end execution, it serves performance-critical applications across railways, automotive, energy, and industrial infrastructure. As of 31 August 2025, it is India’s largest manufacturer of cold-finished seamless tubes by installed capacity and among the leading players overall in cold-finished steel tubes, underscoring its strong position in a high-entry-barrier segment.
Operations are organised across three integrated verticals—tubular solutions, forging solutions, and railway systems—which together create a differentiated, vertically integrated business model. The tubular solutions vertical forms the technological backbone, supplying cold-finished seamless tubes in carbon, alloy, and stainless-steel grades for demanding applications in automotive systems, railways, boilers, heat exchangers, and industrial infrastructure. This is supported by proprietary steel grades and process innovations that enable tighter tolerances, enhanced strength, and improved manufacturing efficiency. The forging solutions vertical focuses on precision-engineered components designed for high-load and fatigue-resistant applications, with a strong presence in railway components and expanding opportunities in defence and industrial segments.
The railway systems vertical represents the company’s highest level of integration, encompassing component manufacturing, system assembly, and turnkey modernisation programs executed across multiple customer sites. With manufacturing facilities in West Bengal and Haryana, expanding capacity, and a dedicated innovation centre to centralise R&D, the company has built scale, technical depth, and execution capability. Long-standing relationships with marquee domestic and global customers, supported by consistent investments in quality, automation, and process control, position the company as a trusted partner for mission-critical engineering solutions in India and international markets. As of 31 March 2025, the company were supported by 1,366 employees, out of which 613 were employees (excluding skilled and unskilled labourers) and 753 were skilled and unskilled labourers.
Promoters of Lalbaba Engineering – Lbic Engineering Private Limited, Kishan Dhanuka, Amit Dhanuka, Nikunj Dhanuka, Nishit Dhanuka
Lalbaba Engineering IPO Details
| Lalbaba Engineering IPO Dates | Coming soon |
| Lalbaba Engineering Issue Price | Coming soon |
| Fresh Issue | INR 630 crore |
| Offer For Sale | INR 370 crore |
| Total IPO size | INR 1,000 crore |
| Minimum bid (lot size) | Coming soon |
| Face Value | INR 5 per share |
| Listing On | NSE, BSE |
Lalbaba Engineering IPO Allocation in Different Categories
Lalbaba Engineering Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 343.30 | 599.50 | 771.61 |
| Expenses | 326.26 | 563.50 | 716.83 |
| Net income | 14.26 | 26.61 | 42.44 |
| Margin (%) | 4.15 | 4.44 | 5.50 |
Lalbaba Engineering Offer News
Lalbaba Engineering Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2025 (Post-Issue) | |
| EPS | 1.65 | 2.64 | 3.99 | – |
| PE Ratio | – | – | – | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 20.03 | 24.27 | 25.32 |
| Price/Book Ratio | |||
| Current Ratio | |||
| Price/Sales | |||
| NAV | 17.83 | 13.83 | 9.07 |
| ROCE (%) | 16.76 | 22.06 | 21.01 |
| EBITDA (%) | 9.81 | 11.98 | 12.63 |
| Debt/Equity | 1.54 | 1.39 | 1.41 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
Lalbaba Engineering IPO Anchor Investors
Lalbaba Engineering raises () from anchor investors. Lalbaba Engineering Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
Lalbaba Engineering IPO GMP Today (Daily Trend)
Lalbaba Engineering Offer Objectives
The company proposes to utilize the Net Proceeds from the Issue towards the following objects:
- Repayment/prepayment, in full or part, of certain borrowings availed of by the company – INR 209.00 crore
- Funding capital expenditure requirement for expansion for Haldia Facility – INR 271.20 crore
- General Corporate Purposes
Lalbaba Engineering IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
Lalbaba Engineering – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| Lalbaba Engineering | – | 3.99 | 25.32 | 17.83 | 771.61 |
| Titagarh Rail Systems | 45.69 | 20.39 | 11.76 | 184.37 | 3,867.75 |
| Texmaco Rail & Engineering | 23.66 | 6.21 | 9.35 | 69.35 | 5,106.57 |
| Jupiter Wagons | 36.76 | 9.08 | 17.49 | 64.45 | 3,963.28 |
| Frontier Springs | 52.95 | 89.79 | 32.51 | 314.75 | 231.34 |
Lalbaba Engineering IPO Allotment Status
You can check Lalbaba Engineering IPO allotment status on MUFG Intime India website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
Lalbaba Engineering IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| Lalbaba Engineering IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
Lalbaba Engineering IPO Reviews – Subscribe or Avoid?
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Lalbaba Engineering IPO Lead Manager
IIFL CAPITAL SERVICES LIMITED
24th Floor, One Lodha Place, Senapati Bapat Marg,
Lower Parel (West), Mumbai 400 013, Maharashtra, India
Tel: +91 22 4646 4728
E-mail: [email protected]
Website:www.iiflcapital.com
Lalbaba Engineering Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
LALBABA ENGINEERING LIMITED
Kashberia, Bardhanyaghata Debhog, Haldia,
East Midnapore, Midnapore – 721 657, West Bengal, India.
Tel: +91 33 22879256
E-mail: [email protected]
Website: www.lalbabagroup.com;
IPO Resources
How many shares in the Lalbaba Engineering IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in the Lalbaba Engineering Public Offer?
What is the Lalbaba Engineering IPO GMP today?
Lalbaba Engineering IPO GMP today is INR NA per share.
What is the Lalbaba Engineering kostak rate today?
Lalbaba Engineering kostak rate today is INR NA per application.
What is Lalbaba Engineering Subject to Sauda rate today?
Lalbaba Engineering Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
