Lalbaba Engineering has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI for its Initial Public Offering (IPO) worth INR 1000 crore. The proceeding will be utilised for funding capital expenditure requirements for expansion of its Haldia facility,  repayment of certain borrowings and general corporate purposes.

Oct 01, 2025

Lalbaba Engineering,  a manufacturer of high-performance seamless tubes and integrated rail systems, has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator SEBI for its Initial Public Offering (IPO).

The IPO, with a face value of INR 5, consist of fresh issue up to INR 630 crore and an offer for sale up to INR 370 crore by promoters Mr. Kishan Dhanuka, Mr. Amit Dhanuka, Mr. Nikunj Dhanuka, and Mr. Nishit Dhanuka, LBIC Engineering Private and Kishan Dhanuka & Sons HUF.

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The proceeds from its fresh issuance worth INR 271 crore will be utilised for funding capital expenditure requirement for expansion of its Haldia facility, while INR 209 crore for pre-payment or repayment in full or part of certain borrowings of the company.