Belrise Industries IPO

Belrise Industries IPO is listed on BSE and NSE, priced at ₹85–₹90 per share. The stock debuted at ₹100, delivering a listing gain of 11.1%. The IPO had a lot size of ₹166 shares and a minimum investment of ₹14,940.

Belrise Industries Limited IPO

Mainboard Listed
₹14,940 (166 Shares)
Minimum Investment
Check Allotment
IPO Dates
May 21, 2025 – May 23, 2025
Price band
₹85-90 per equity share
Minimum Investment
₹14,940
Issue size
₹2150 Cr
Lot size
166
Allotment Date
May 26, 2025
Listing
May 28, 2025
Listing At
BSE, NSE

IPO timeline

  1. May 21, 2025

    Open Date

    Completed

  2. May 23, 2025

    Close Date

    Completed

  3. May 26, 2025

    Allotment Date

    Completed

  4. May 28, 2025

    Listing Date

    Completed

Price Summary

Last closing
218.19 (142.43%)
52 week high
228.80
52 week low
89.15
Last update

Belrise Industries IPO Essentials

Belrise Industries IPO Details

Belrise Industries IPO is priced at ₹85-90 per share with a total issue size of 2150 crore. The IPO has a lot size of 166 shares and is listed on BSE and NSE.

Issue price
₹85-90 per equity share
Lot size
166 shares
Face value
₹5 Per Equity Share
Issue size
23,88,88,888 shares(aggregating up to ₹2,150.00 Cr)
Total issue size
23,88,88,888 shares
(aggregating up to ₹2150 crore)
Fresh issue
23,88,88,888 shares
(aggregating up to ₹2150 crore)
Listing at
BSE, NSE
List price
100.0(NSE)
Listing date
Registrar
MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
Lead manager
Axis Capital Limited, Hsbc Securities & Capital Markets Pvt Ltd, Jefferies India Private Limited, SBI Capital Markets Limited

Market Lot Size

Investors can bid for a minimum of 166 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (min) 1 166 ₹14,940
Retail(max) 13 2,158 ₹1,94,220
sHNI(min) 14 2,324 ₹2,09,160
sHNI(max) 66 10,956 ₹9,86,040
sHNI(min) 67 11,122 ₹10,00,980

Belrise Industries IPO Documents

Belrise Industries IPO Reservation

Belrise Industries IPO reservation details show category-wise allocation of shares. Out of the total 23,88,88,888 shares, approximately 20% are reserved for QIB, 15% for NII, 35% for retail investors, and 30% for anchor investors.

Investor Category Shares Offered Maximum Allottees
Anchor Investor Shares Offered 7,16,66,665 (30%)
QIB Shares Offered 4,77,77,779 (20%)
NII (HNI) Shares Offered 3,58,33,333 (15%)
bHNI > ₹10L 2,38,88,889 (10%) 10,279
sHNI < ₹10L 1,19,44,444 (5%) 5,139
Retail Shares Offered 8,36,11,111 (35%) 5,03,681
Total Shares Offered 23,88,88,888 (100%)

Belrise Industries IPO Analytics

Belrise Industries IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.

Belrise Industries IPO Subscription Status

Belrise Industries IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.

The IPO subscription status indicates investor demand across categories.

As on QIB
NII
bHNI
sHNI
Retail Total
Shares Offered / Reserved 4,77,77779
3,58,33,333
2,38,88,889
1,19,44,444
8,36,11,111 16,72,22,223
Day 1 21-05-25 05:00 PM
0.42 x
1.44x
1.49x
1.33x
0.48 x 0.67 x
Day 2 22-05-25 05:00 PM
0.69 x
8.96x
9.83x
7.21x
1.54 x 2.89 x
Day 3 23-05-25 05:00 PM
108.35 x
38.33x
45.33x
24.32x
4.25 x 41.29 x
Total No. of Applications
bHNI sHNI Retail
25,23,410 (Approx) 9.5x 24x 3.8x

Belrise Industries Valuations

Earnings

EPS Pre IPO
₹5.42/-
EPS Post IPO
₹3.68/-
P/E Pre IPO
16.61
P/E Post IPO
24.47

Returns

ROCE
14.83%
RoNW
13.33%
PAT Margin
4.36

Fundamentals

Debt / Equity
0.97
Price / Book
2.50

Data sourced from DRHP / RHP • For educational purposes only

Belrise Industries Financials( In Crs.)

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

Belrise Industries Company & Offer Insights

About Belrise Industries

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 Promoter(s)

Shrikant Shankar Badve, Supriya Shrikant Badve, Sumedh Shrikant Badve are the company's promoters of Belrise Industries.

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

Belrise Industries raised ₹645 crore from anchor investors on May 20, 2025, prior to its ₹2,150 crore Initial Public Offering (IPO).

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.

Belrise Industries IPO - Peers Comparison

Company Name EPS (Basic) EPS (Diluted) NAV (per share) (Rs) P/E (x) RoNW (%) P/BV Ratio Financial statements
Belrise Industries Limited 4.78 4.78 35.94 N/A 13.33 N/A Consolidated
Bharat Forge Ltd. 20.43 20.43 153.9 58.94 13.84 7.38 Consolidated
UNO Minda Limited 15.36 15.34 91.71 62.19 21.68 7.52 Consolidated
Motherson Sumi Wiring India Limited 1.44 1.44 3.79 39.42 42.45 22 Consolidated
Jbm Auto Ltd. 15.12 15.12 98.75 45.52 22.21 18.41 Consolidated
Endurance Technologies Ltd 48.38 48.38 353.86 44.76 16.24 5.18 Consolidated
Minda Corporation Ltd 9.65 9.49 82.84 51.32 13.99 5.09 Consolidated

Notes:

  1. The financial information of our Company has been derived from the Restated Consolidated Financial Information as of or for the financial year ended March 31, 2024.
  2. All the financial information for listed industry peer is on a consolidated basis and is sourced from the financial information of such listed industry peer available on the website of the stock exchanges/annual report, as of and for year ended March 31, 2024.
  3. P/E Ratio for the listed industry peer has been computed based on the closing market price of equity shares, on BSE for peers, as of November 14, 2024, divided by the diluted EPS for the respective year end.
  4. Return on Net Worth (in percentage) is calculated as Profit After Tax for the year divided by Average Equity for the year a. Average Equity for the year is calculated as average of the tangible networth at the beginning of the year and at the end of the year b. Tangible networth is calculated as sum of Equity share capital, Share Application, Quasi equity, Share premium reserves, Reserves and surplus and Intangible Assets.
  5. Net Asset Value per Equity Share represents Total Equity as at the end of the year divided by number of Equity Shares outstanding at the end of the year.

Belrise Industries IPO - Strengths and Risks

Belrise Industries IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.

Strengths

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.

Risks

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.

Contact Information

Contact Details

Belrise Industries

+910240 255120

complianceofficer@belriseindustries.com

http://www.belriseindustries.com/

Plot No D-39 MIDC, Area Waluj Aurangabad - 431133, Maharashtra, India

Registrar Contact Details

Frequently Asked Questions

Click any question to reveal the answer

Belrise Industries IPO is a book-built IPO worth ₹2150 crore. The price band is ₹85–₹90 per share. The IPO opens on May 21, 2025 and closes on May 23, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar.

The price band of Belrise Industries IPO is ₹85 to ₹90 per share.

The lot size of Belrise Industries IPO is 166 shares.

The minimum investment for Belrise Industries IPO is approximately ₹14,940 based on the upper price band .

Belrise Industries IPO opens on May 21, 2025 and closes on May 23, 2025.

The allotment date of Belrise Industries IPO is May 26, 2025.

Belrise Industries IPO is expected to be listed on May 28, 2025, on BSE and NSE .

Belrise Industries IPO listed on May 28, 2025. It was issued at ₹100.0(NSE) and is currently around ₹218.19 as on 27-May-2026 3:30 PM, which is approximately 142.4% versus issue price. The 52-week high is ₹228.80.

Based on listing and post-listing performance, Belrise Industries IPO delivered around 142.4% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.

To buy Belrise Industries IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.

Belrise Industries IPO valuation snapshot: P/E 24.47, EPS ₹3.68/-, P/B 2.50, RoNW 13.33%, and market cap N/A.

To apply for Belrise Industries IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.

You can check the live subscription status of Belrise Industries IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.

Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.

If you pre-apply for Belrise Industries IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.

You can check Belrise Industries IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Belrise Industries IPO allotment status on IPO Ji for quick and easy access.