IPO

Belrise Industries Limited IPO

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Auto Components & Equipments

Listed On: May 28, 2025 at ₹ 100.0(NSE)

₹ 14940 /166 Shares

Check Allotment

21 May, 2025

Open Date

23 May, 2025

Close Date

26 May, 2025

Allotment Date

28 May, 2025

Listing Date
Price Summary

Last Closing

152.92 (69.91%)

52 Week High

164.50

52 Week Low

89.15

Last Update

24-Oct-2025 3:30 PM
Belrise Industries IPO Issue Details
  • Issue Price ₹85-90 per equity share
  • Face Value ₹5 Per Equity Share
  • Total Issue Size 23,88,88,888 shares(aggregating up to ₹2150 crore)
  • Fresh Share 23,88,88,888 shares(aggregating up to ₹2150 crore)
  • Listing at BSE, NSE
  • List Price 100.0(NSE)
  • Listing Date 2025-05-28
  • Lead Manager Axis Capital Limited
    Hsbc Securities & Capital Markets Pvt Ltd
    Jefferies India Private Limited
    SBI Capital Markets Limited
  • Registrar MUFG Intime India Private Limited (Formerly Link Intime India Private 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.

ApplicationLotsSharesAmount
Retail (min)1166₹14,940
Retail(max)132,158₹1,94,220
SHNI(min) 142,324₹2,09,160
SHNI(max) 6610,956₹9,86,040
BHNI(min) 6711,122₹10,00,980
Belrise Industries IPO Reservation

Belrise Industries IPO offers total 23,88,88,888 shares. Out of which 4,77,77,779 (20%) allocated to QIB, 3,58,33,333 (15%) allocated to NII,8,36,11,111 (35%) allocated to RII, NA (NA%) allocated to employees and 7,16,66,665 (30%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered7,16,66,665 (30%)
QIB Shares Offered4,77,77,779 (20%)
NII (HNI) Shares Offered3,58,33,333 (15%)
bNII < ₹10L2,38,88,889 (10%)
sNII < ₹10L1,19,44,444 (5%)
Retail Shares Offered8,36,11,111 (35%)
Total Shares Offered23,88,88,888 (100%)
Belrise Industries IPO Documents
DRHP
RHP
ANCHOR
Belrise 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
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.

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Belrise Industries IPO Subscription Analysis And Details
Retail
4.25x
QIB
108.35x
NII
38.33x
bNII
45.33x
sNII
24.32x
Total
41.29x
As onQIBNII
bNII   sNII		RetailTotal
Shares Offered / Reserved4,77,777793,58,33,333
2,38,88,889    1,19,44,444		8,36,11,11116,72,22,223
Day 1 21-05-25 05:00 PM
0.42 x1.44
1.49 x   1.33 x		0.48 x0.67 x
Day 2 22-05-25 05:00 PM
0.69 x8.96
9.83 x   7.21 x		1.54 x2.89 x
Day 3 23-05-25 05:00 PM
108.35 x38.33
45.33 x   24.32 x		4.25 x41.29 x
Total No of Applications
25,23,410
Subscription on the basis of Applications
Retail:3.8x BHNI:9.5x SHNI:24x
Belrise Industries Valuations
EPS Pre IPO ₹5.42/-
EPS Post IPO ₹3.68/-
P/E Pre IPO 16.61
P/E Post IPO 24.47
ROCE 14.83%
Debt/Equity 0.97
RoNW 13.33%
PAT Margin 4.36
Price to Book Value 2.50
Belrise Industries Company Financials
In Crs.
In Cr.
31-Dec-2431-Mar-2431-Mar-2331-Mar-22
Assets6,587.696,041.655,679.155,196.07
Revenue6,064.767,555.676,620.785,410.68
Profit After Tax245.47352.70356.70307.24
Net Worth2,577.552,331.922,038.201,734.45
Reserves & Surplus2,252.242,014.432,024.161,715.31
Total Borrowing2,599.802,440.982,271.402,597.96
About Belrise Industries 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.

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Belrise Industries - Promoter(s)

Shrikant Shankar Badve

Supriya Shrikant Badve

Sumedh Shrikant Badve

Pre Issue Share Holding : 99.81%

Post Issue Share Holding : N/A%

Belrise Industries IPO - Issue Objectives
1

Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company

2

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 NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Belrise Industries Limited4.784.7835.94N/A13.33N/AConsolidated
Bharat Forge Ltd.20.4320.43153.958.9413.847.38Consolidated
UNO Minda Limited15.3615.3491.7162.1921.687.52Consolidated
Motherson Sumi Wiring India Limited1.441.443.7939.4242.4522Consolidated
Jbm Auto Ltd.15.1215.1298.7545.5222.2118.41Consolidated
Endurance Technologies Ltd48.3848.38353.8644.7616.245.18Consolidated
Minda Corporation Ltd9.659.4982.8451.3213.995.09Consolidated

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.
Strength
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.
Weakness
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 Details

Belrise Industries

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

+910240 255120

complianceofficer@belriseindustries.com

http://www.belriseindustries.com/

Registrar Contact Details

Link Intime India Private Ltd

+91-22-4918 6270

belriseindustries.ipo@linkintime.co.in

https://in.mpms.mufg.com/Initial_Offer/public-issues.html