Belrise Industries Limited IPO
Mainboard Allotment AwaitedOffer Date: May 21, 2025 - May 23, 2025
Exp. Premium: 24-25 (26.67%)
₹ 14940 /166 Shares
Check Allotment*Expected Premium provided in this app is derived from market rumors. It is not a guaranteed indicator of the actual listing price and should be interpreted with caution.
21 May, 2025
Open Date23 May, 2025
Close Date26 May, 2025
Allotment Date28 May, 2025
Listing DateIssue Price
₹85-90 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)Market Lot
Retail : 166 Shares (₹14,940/-)S-HNI : 2,324 Shares (₹2,09,160/-)
B-HNI : 11,122 Shares (₹10,00,980/-)
Lead Manager
Axis Capital LimitedHsbc Securities & Capital Markets Pvt Ltd
Jefferies India Private Limited
SBI Capital Markets Limited
Issue Size
23,88,88,888 shares(aggregating up to ₹2,150.00 Cr)Retail Portion
35% (Number of Retail Applications: 5,03,681 Approx),(Number of S-HNI Applications : 5,140 Approx),
(Number of B-HNI Applications : 10,279 Approx)
Subscription
timesBelrise Industries IPO Details
Belrise Industries IPO is a book-built issue of ₹2150 crores, The total issue size is ₹2150 crores. The IPO of Belrise Industries is priced at ₹85-90 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from May 21, 2025 and ends on May 23, 2025. The allotment for Belrise Industries IPO will be finalized on May 26, 2025. Belrise Industries IPO will be listed on BSE, NSE, with a tentative listing date fixed as May 28, 2025. The company shall list its equity shares on the BSE, NSE. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the issue.
Retail investors can bid for a minimum of 166 shares, extendable to 14,940. S-HNIs will be able to bid for 2,324 shares at ₹2,09,160, while B-HNIs can also apply for a bid of 11,122 shares at ₹10,00,980. The book-running lead manager for the IPO is/are Axis Capital Limited , Hsbc Securities & Capital Markets Pvt Ltd , Jefferies India Private Limited , SBI Capital Markets Limited .
The total issue ₹2150 crore, comprising a fresh issue of 23,88,88,888 shares ₹2150 crore and
The Belrise Industries IPO sets its price band at 85-90 for each share. A single application for Belrise Industries Limited IPO must contain at least 166 shares. Sentiment investors need to invest a minimum of 166 through their retail account. For investors to prevent oversubscription issues, they should submit bids at the cutoff price, which estimates about ₹14,940 In order to participate in the sNII, investors must purchase at least 14 lots of 2,324 shares for ₹2,09,160, while the bNII requires 67 lots of 11,122 shares for an investment of ₹10,00,980.
Belrise Industries IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | |
|---|---|---|---|---|
| Shares Offered / Reserved | 4,77,77779 | 3,58,33,333 2,38,88,889 1,19,44,444 | 8,36,11,111 | N/A |
| Day 1 - 21-05-25 05:00 PM | 0.42 x | 1.44 1.49 x 1.33 x | 0.48 x | N/A x |
| Day 2 - 22-05-25 05:00 PM | 0.69 x | 8.96 9.83 x 7.21 x | 1.54 x | N/A x |
| Day 3 - 23-05-25 05:00 PM | 108.35 x | 38.33 45.33 x 24.32 x | 4.25 x | N/A x |
Belrise Industries Valuations
EPS Pre IPO
₹5.42/-EPS Post IPO
₹3.68/-P/E Pre IPO
16.61P/E Post IPO
24.47ROE
%ROCE
14.83%Debt/Equity
0.97RoNW
13.33%PAT Margin
4.36Price to Book Value
2.50Belrise Industries Company Financials All values are in ₹ Cr.
| 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 6,587.69 | 6,041.65 | 5,679.15 | 5,196.07 |
| Revenue | 6,064.76 | 7,555.67 | 6,620.78 | 5,410.68 |
| Profit After Tax | 245.47 | 352.70 | 356.70 | 307.24 |
| Net Worth | 2,577.55 | 2,331.92 | 2,038.20 | 1,734.45 |
| Reserves & Surplus | 2,252.24 | 2,014.43 | 2,024.16 | 1,715.31 |
| Total Borrowing | 2,599.80 | 2,440.98 | 2,271.40 | 2,597.96 |
About The Company
The Belrise Industries Limited was incorporated in the year 1988 and is one of the leading automotive component manufacturers in India which is itself a specialised producer of automotive sheet-metal and castings, polymer components, suspension systems and mirror systems. The company addresses a large range of vehicles such as two, three, four-wheelers, commercial and agri-vehicles catering to a broad scope of safety-critical systems and engineering solutions.
Belrise Industries, while being quality and innovation oriented, presents a wide range of products that have categorised under metal chassis systems, polymer components, suspensions systems, body-in-white components, and exhaust systems. The company has established long term relationships with the leading OEM’s like Bajaj, Honda, Hero, Royal Enfield, Jaguar Land Rover, VE Commercial Vehicles, Tata Motors, and Mahindra.
By June 30 2024 Belrise Industries services 27 OEM’s Globally with 15 facilities of state of the art manufacturing facilities in 9 cities, in 8 states of India. This strong client base and broad manufacturing footprint demonstrates the importance of the company in the automotive component business on both the domestic and the international fronts.
Belrise Industries - Strength and Weakness
Market Leadership and Growth: The company is a leading player in precision sheet metal pressing and fabrication, holding a 24% market share in India’s two-wheeler metal components segment as of FY 2024.
Vertically Integrated Manufacturing: With 15 manufacturing facilities across India, [Company Name] produces over 1,000 products across various automotive segments. Its vertically integrated approach enhances product quality, minimises supplier dependence, and ensures a robust and reliable supply chain.
EV-Agnostic Product Portfolio: The company serves both internal combustion engine and electric vehicle markets, with its EV product range growing at a CAGR of 24.60%, highlighting its adaptability to the expanding electric vehicle sector.
Regional Risk: Exposure With seven out of 15 manufacturing facilities located in Maharashtra, the company faces regional risk exposure, which could impact its business, financials, and operations due to local disruptions or regulatory changes.
Customer Dependency: The company’s top 10 customers contributed 57.42% of revenue in Q1 FY 2024. Any disruption in these relationships or adverse changes in their financial health could negatively impact the company's business and cash flows.
Raw Material Price Fluctuations: Fluctuations in raw material prices or supply chain disruptions could negatively impact the company's business, operational results, financial condition, and cash flows.
Belrise Industries - Peers Comparison
| P/B Ratio | P/E Ratio | RoNW | Net Worth | |
|---|---|---|---|---|
| Belrise Industries | N/A | N/A | 13.33% | 7,484 |
| Bharat Forge | 7.38 | 58.94 | 13.84% | 15,682 |
| Uno Minda | 7.52 | 62.19 | 21.68% | 13,910 |
| Motherson Sumi | 22.0 | 39.42 | 42.45% | 8,321 |
| JBM Auto | 18.31 | 45.52 | 22.21% | 4,723 |
| Endurance Tech | 5.18 | 44.76 | 16.24% | 10,052 |
| Minda Corporation | 5.09 | 51.32 | 13.99% | 4,651 |
Belrise Industries - Promoter(s)
Pre Issue Share Holding: N/A%
Post Issue Share Holding: N/A%
- Shrikant Shankar Badve
- Supriya Shrikant Badve
- Sumedh Shrikant Badve
Belrise Industries IPO - Issue Objectives
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company
- General corporate purposes
Belrise Industries IPO - Anchor Investors
Marquee investors who bought shares of Belrise Industries through anchor book include Blackrock, Smallcap World Fund, Prudential Assurance Company, Pinebridge Global Funds, BNP Paribas, and Tocu Europe.
Along with other investors, ICICI Prudential Mutual Fund, HDFC MF, Nippon Life India, Valuequest India, Kotak Iconic Fund, Bajaj Allianz Life Insurance, Edelweiss, Mahindra Manulife MF, and Bharti Axa Life Insurance also put their investment into the company.
Other Details
Belrise Industries
Plot No D-39 MIDC, Area Waluj Aurangabad - 431133, Maharashtra, IndiaPhone: +910240 255120
Email: complianceofficer@belriseindustries.com
Website: http://www.belriseindustries.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: belriseindustries.ipo@linkintime.co.in
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Belrise Industries IPO - FAQs
Ans. Belrise Industries Limited IPO is a Mainboard IPO. The issue is priced at ₹85-90 per equity share. The minimum order quantity is 166 Shares. The IPO opens on May 21, 2025, and closes on May 23, 2025. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Belrise Industries Limited IPO opens on May 21, 2025 and closes on May 23, 2025.
Ans. The size of Belrise Industries Limited IPO is 23,88,88,888 shares(aggregating up to ₹2,150.00 Cr).
Ans. The IPO price band is set between ₹85-90 per equity share.
Ans. To apply for Belrise Industries Limited IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Belrise Industries Limited IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Belrise Industries Limited IPO is May 26, 2025.
Ans. The Belrise Industries Limited IPO will be listed on May 28, 2025.
Ans. Follow the steps to check the allotment status for Belrise Industries Limited IPO here.
