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Belrise Industries IPO is a book-built issue of ₹ 2150.00 crores. The issue is entirely a fresh issue of 23.89 crore shares with no offer for sale.
The IPO opens for subscription on May 21, 2025, and closes on May 23, 2025. The allotment is expected to be finalized on Monday, May 26, 2025. The price band for the IPO is set at ₹85 to ₹90 per share, and the minimum lot size for an application is 166 shares.
Company Summary
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems specifically for Two-Wheel, Three-Wheel, and Four-Wheel Passenger and Commercial vehicles.
The company is an automotive component manufacturing company in India offering a diverse range of safety-critical systems.
Belrise Industries is a manufacturing company in India that offers a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.
The company’s product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems.
The company’s customers include Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
As of June 30, 2024, the company services a total of 27 OEMs globally. The company has established 15 manufacturing facilities across nine cities in eight states, as of June 30, 2024.
Company Strengths
- Distinguished market leader in the high-growth field of precision sheet metal pressing and fabrication within a large and growing automotive component industry.
- Enabled innovation-driven development and process engineering capabilities.
- Vertically integrated manufacturing facilities offering a diverse range of products.
- Longstanding customer relationships are developed through years of collaboration and value addition.
- The company’s largely EV-agnostic portfolio accounted for 56% of FY24 revenue, with dedicated EV product revenue growing at a 24.6% CAGR between FY22 and FY24.
- Experienced promoters and management team.
Company Financials
Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
Assets | 6587.69 | 6041.65 | 5679.15 | 5196.07 |
Revenue | 6064.76 | 7555.67 | 6620.78 | 5410.68 |
Profit After Tax | 245.47 | 352.70 | 356.70 | 307.24 |
Net Worth | 2577.55 | 2331.92 | 2038.20 | 1734.45 |
Reserves and Surplus | 2252.24 | 2014.43 | 2024.16 | 1715.31 |
Total Borrowing | 2599.80 | 2440.98 | 2271.40 | 2597.96 |
Objectives of the IPO
The Net Proceeds from the Issue are to be utilized towards the following objects:
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company (16,181.27 millions)
- General Corporate purposes
Promoters of the company
Shrikant Shankar Badve, Supriya Shrikant Badve and Sumedh Shrikant Badve are the company promoters.
IPO Details
IPO Date | May 21, 2025 to May 23, 2025 |
Listing Date | May 28, 2025 |
Face Value | ₹5 per share |
Price Band | ₹85 to ₹90 per share |
Lot size | 166 shares |
Total Issue size | 23,88,88,888 shares (aggregating up to ₹2150.00 Cr) |
Fresh issue | 23,88,88,888 shares (aggregating up to ₹2150.00 Cr) |
Issue type | Bookbuilding IPO |
Listing at | NSE, BSE |
Lot Allocation Details
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 166 | ₹14,940 |
Retail (Max) | 13 | 2158 | ₹1,94,220 |
S-HNI (Min) | 14 | 2324 | ₹2,09,160 |
S-HNI (Max) | 66 | 10,956 | ₹9,86,040 |
B-HNI (Min) | 67 | 11,122 | ₹10,00,980 |
Allotment Schedule
Basis of Allotment | Mon, May 26, 2025 |
Initiation of Refunds | Tue, May 27, 2025 |
Credit of Shares to Demat | Tue, May 27, 2025 |
Tentative Listing Date | Wed, May 28, 2025 |
Cut-off time for UPI mandate confirmation | 5 PM on May 23, 2025 |
IPO Reservation
Investor Category | Shares Offered |
QIB Shares Offered | Not more than 50% of the Issue |
Retail Shares Offered | Not less than 35% of the Issue |
NII (HNI) Shares Offered | Not less than 15% of the Issue |
To check allotment, click here
Disclaimer: Investments in the Securities market and Mutual Funds are subject to market risks. Read all the related documents carefully before investing | The securities are quoted as an example and not as a recommendation | Brokerage will not exceed the SEBI-prescribed limit | Margins will be collected as per the exchange norms.