Business Overview
Lalbaba Engineering is an engineering solutions company focused on the development and manufacture of high-performance seamless tubes, precision forgings and integrated rail systems. The Company operates at the intersection of advanced metallurgy and precision manufacturing, enabling it to serve critical applications across railways, automotive, energy and industrial infrastructure. As of August 31, 2025, it is the largest manufacturer of cold-finished seamless tubes in India and the second-largest overall in cold-finished steel tubes by installed capacity among key players (Source: CRISIL Report). Its customer base includes wagon builders, rail system integrators, automotive Tier 1 manufacturers and public sector undertakings, reflecting its strong presence across core industrial sectors.
Objects of IPO
- Funding capital expenditure requirement for expansion of the Haldia Facility
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company
- General corporate purposes
Financials
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue | 771.61 | 599.50 | 343.30 |
| PAT | 42.44 | 26.61 | 14.26 |
| Net Worth | 181.63 | 140.85 | 78.37 |
| Borrowings | 264.72 | 197.02 | 121.66 |
| Assets | 586.96 | 435.66 | 248.42 |
| NAV (₹) | 17.83 | 13.83 | 9.07 |
| EPS (₹) | 4.35 | 2.90 | 1.85 |
KPIs
EBITDA
12.63%
PAT
5.49%
ROE
25.19%
ROCE
21.01%
Net Debt to Equity
1.41
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
99.99%
Public
0.01%
Management
Frequently Asked Questions
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How to apply Lalbaba Engineering IPO in Zerodha?
- Go to Kite App → Tap on Bids → Tap on IPO
- Select the IPO → Tap on apply → Enter UPI ID
- Enter Qty and Price
- Submit the application
- Approve the UPI Mandate on your UPI app
How to apply Lalbaba Engineering IPO in Groww?
- Go to Groww App → Stocks Section → Select IPO option
- Select the IPO you want to apply
- Enter your bid details and price
- Enter UPI ID & submit
- Approve the UPI Mandate on your UPI app
How to apply Lalbaba Engineering IPO using ASBA?
- Log in to your bank's net banking portal.
- Navigate to the 'IPO' or 'ASBA' section.
- Select Lalbaba Engineering IPO from the list of available IPOs.
- Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
- Submit the application.
- Money will remain blocked till the refund date