Belrise Industries Limited, a major player in India’s automotive components sector, launched its Initial Public Offering (IPO) on 22-May-2025. Here’s a detailed look at the IPO, company fundamentals, financials, strengths, risks and Grey Market Premium.
Belrise Industries Company Overview
Belrise Industries, established in 1988 and based in Maharashtra, is a leading manufacturer of automotive components. The company specializes in safety critical systems and engineering solutions for a wide range of vehicles:
- Two-wheelers, three-wheelers, four-wheelers
- Commercial vehicles
- Agricultural vehicles
Product Portfolio:
- Metal chassis systems
- Polymer components
- Suspension systems
- Body in white components
- Exhaust systems
Clientele: Includes major OEMs like Bajaj Auto, Honda Motorcycle & Scooter India, Hero MotoCorp, Jaguar Land Rover, Royal Enfield, Tata Motors, and Mahindra
Belrise Industries IPO Details
Belrise Industries IPO is a bookbuilding IPO of Rs 2150.00 crores. The issue is a complete fresh issue of Rs 2150.00 crores. Axis Capital Limited, Hsbc Securities & Capital Markets Pvt Ltd, Jefferies India Private Limited,SBI Capital Markets Limited are the book running lead mangers of the Belrise Industries Limited IPO, Link Intime India Private Ltd is the Registrar for the issue.
| Issue Type | Bookbuilding IPO |
| Face Value | Rs 5 per share |
| Issue Price | Rs 85 – Rs 90 per share |
| Lot Size | 166 shares per lot |
| Issue Size | Rs 2150.00 crore |
| Fresh Issue | Rs 2150.00 crore |
| Offer for Sale (OFS) | Rs 0 crore |
| Listing at | BSE, NSE |
| Market Capitalization | Rs 8008.91 cr |
| Book Running Lead Managers | Axis Capital Limited Hsbc Securities & Capital Markets Pvt Ltd Jefferies India Private Limited SBI Capital Markets Limited |
| Registrar | Link Intime India Private Ltd |
Belrise Industries IPO Timeline
Belrise Industries IPO opens on 21st May 2025 and Closes on 23rd May 2025. Find Belrise Industries Limited IPO tentative dates below.
| IPO Open Date | 21-May-2025 (Wednesday) |
| IPO Close Date | 23-May-2025 (Friday) |
| Allotment | 26-May-2025 (Monday) |
| Initiation of Refunds | 27-May-2025 (Tuesday) |
| Demat Credit of Shares | 27-May-2025 (Tuesday) |
| Listing Date | 28-May-2025 (Wednesday) |
| Cut off time for UPI mandate confirmation | 23-May-2025 at 5PM |
Belrise Industries IPO Lot Size
Investors can bid for a minimum of 166 shares and in multiples thereof. The following table shows the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 166 | Rs 14,940 |
| Retail (Maximum) | 13 | 2158 | Rs 1,94,220 |
| HNI (Minimum) | 14 | 2324 | Rs 2,09,160 |
| HNI (Maximum) | 66 | 10956 | Rs 9,86,040 |
Belrise Industries IPO Objectives
The proceeds from the Belrise Industries IPO will be utilised for following purposes:
| Purpose | Amount (in Rs) | Percentage |
|---|---|---|
| Repayment of borrowings | 1618.13 Crore | 75.26% |
| General Corporate Purpose | 531.87 Crore | 24.74% |
Belrise Industries IPO Financial Performance
Find Belrise Industries IPO last 3 years financial details below.
| Financials | 31-Dec-24 (Crores) | 31-Mar-24 (Crores) | 31-Mar-23 (Crores) |
|---|---|---|---|
| REVENUE | 6064.76 | 7555.67 | 6620.78 |
| ASSETS | 6587.69 | 6041.65 | 5679.15 |
| NET WORTH | 2577.55 | 2331.92 | 2038.2 |
| TOTAL DEBT | 2599.80 | 2440.98 | 2271.40 |
| PAT | 245.47 | 352.70 | 356.70 |
Belrise Industries IPO Strengths and Risks
Strengths:
- Market leader in safety-critical auto components
- Strong, diversified client base with long-term relationships
- Integrated manufacturing (17 plants)
- Focus on value-added assemblies, moving up the value chain
- Positive growth outlook, especially with EV and export opportunities
Risks:
- High dependence on auto sector cycles
- Substantial debt (though being reduced by IPO)
- Margin pressures from raw material price volatility
- Competition from global and domestic players
Belrise Industries IPO Grey Market Premium (GMP)
Grey Market Premium of Belrise Industries Limited stands at Rs 17 as on 22nd May 2025, indicating a potential listing gain of approximately 18.89% over the issue price .
Belrise Industries IPO Review: Apply
Disclaimer: This blog’s content is intended solely for informational and educational purpose only. Before making any investment decisions, it is recommended that investors consult with a certified financial advisor.