Last updated on January 8th, 2026 at 12:20 pm

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Lalbaba Engineering Limited important data points

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Lalbaba Engineering Limited Promoters – Pre offer equity (Approx)

LBIC Engineering Private Limited	~66.35%
Kishan Dhanuka	~8.36%
Nikunj Dhanuka	~7.96%
Nishit Dhanuka	~7.96%

Lalbaba Engineering Limited IPO Pros & Cons

Strengths:

• Strong positioning in seamless tubes, forgings, and rail systems with exposure to core infrastructure sectors.
• Established manufacturing capabilities with long operating history and technical expertise.
• Diversified end-user base including Indian Railways and industrial OEMs reduces sector concentration risk.
• Infrastructure and rail capex tailwinds in India support long-term demand growth.
• IPO proceeds aimed at reducing debt and capacity expansion can strengthen balance sheet and margins.

Risks:

• Business is cyclical and closely linked to capital expenditure in railways and industrial sectors.
• High dependence on a few large customers may impact revenues if orders are delayed or reduced.
• Raw material price volatility (steel and alloys) can pressure operating margins.
• Capital-intensive operations require continuous investment, impacting free cash flows.
• Valuation risk exists if the IPO is priced aggressively relative to peers and earnings growth.

Lalbaba Engineering Limited Lot Size details

Application Type	Lot Size	No. of Lots	No. of Shares	Investment Amount
Retail(Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
Small HNI (Min)	–	14	–	₹ –
Small HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Lead Managers / Registrars of Lalbaba Engineering Limited 

Lead / Book Running Lead Managers	IIFL Capital Services Ltd, Motilal Oswal Investment Advisors Ltd, Nuvama Wealth Management Ltd
Registrar (RTA)	MUFG Intime India Pvt Ltd

Founding Year of Lalbaba Engineering Limited & Managing Director

Lalbaba Engineering Limited was incorporated as a public limited company in 2006.

Mr. Kishan Dhanuka is the MD & CEO of the company.

Lalbaba Engineering Limited FAQ

• Q1. What is the business of Lalbaba Engineering Limited?

  It is an engineering solutions company that develops and manufactures high-performance seamless tubes, precision forgings and integrated rail systems for railways, automotive, energy and industrial infrastructure sectors.

• Q2. Why is the company raising funds via IPO?

  Lalbaba Engineering is raising funds for expansion of it’s Haldia facility, repay borrowings and support general corporate purposes, strengthening capacity and financial flexibility ahead of market growth.

• Q3. What is the size of the issue and where will it list?

  The issue size of the IPO is ₹ 1,000 crore, and it will be listed on the BSE & NSE platform.

• Q4. What are the risks to an investor?

  Risks to investing in the IPO include cyclical demand in industrial and rail sectors, raw material cost volatility, execution challenges in capital-intensive projects and possible IPO pricing pressure.

• Q5. What are the potential upsides?

  Potential upsides to invest in the IPO include strong engineering positioning with export exposure, infrastructure capex tailwinds, diversified product verticals and capacity expansion driving future growth.

• Q6. How to apply for the IPO?

  You can apply for the IPO via your broker or bank’s ASBA facility by selecting the IPO, entering bid details and confirming payment once the IPO opens for subscription.

• Q 7. When is the tentative listing date?

  Expected listing date is yet to be announced.

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