Belrise Industries IPO

Established in 1988, Belrise Industries Limited is a leading automotive component manufacturer in India. The company specialises in safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial, and agricultural vehicles. Its diverse product portfolio includes metal chassis systems, polymer parts, suspension systems, body-in-white components, and exhaust systems. Belrise serves renowned clients such as Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, Tata Motors, and Mahindra. As of June 30, 2024, it caters to 27 OEMs globally and operates 15 manufacturing facilities across nine Indian cities.

Belrise Industries Limited IPO Overview

Belrise Industries is launching an IPO through a book-building process worth ₹2,150.00 crores, consisting entirely of a fresh issue of 23.89 crore equity shares. The IPO opens for subscription on May 21, 2025, and closes on May 23, 2025. The allotment is expected to be finalised by May 26, with a tentative listing date on BSE and NSE scheduled for May 28, 2025. The price band is set at ₹85 to ₹90 per share.

Retail investors must apply for a minimum of 166 shares, requiring ₹14,110; however, bidding at the cutoff price would amount to ₹14,940 to avoid oversubscription issues. The minimum lot size for sNII is 14 lots (2,324 shares) at ₹2,09,160, and for bNII, it is 67 lots (11,122 shares) at ₹10,00,980. Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets are the lead managers, with Link Intime India as the registrar.

Belrise Industries Limited IPO Details

Particulars	Details
IPO Date	21 May 2025 to 23 May 2025
Listing Date	28 May 2025
Face Value	₹5 per share
Issue Price Band	₹85 to ₹90 per share
Lot Size	166 Shares
Total Issue Size	23,88,88,888 shares (aggregating up to ₹2,150.00 Cr)
Fresh Issue	23,88,88,888 shares (aggregating up to ₹2,150.00 Cr)
Offer for Sale	NA
Issue Type	Bookbuilding IPO
Listing At	NSE BSE
Share Holding Pre Issue	65,09,90,304 shares
Share Holding Post Issue	88,98,79,192 shares

Belrise Industries Limited IPO Reservation

Investor Category	Shares Offered
QIB	Not more than 50% of the Net Issue
Retail	Not less than 35% of the Net Issue
NII (HNI)	Not less than 15% of the Net Issue

Belrise Industries Limited IPO Lot Size

Application	Lots	Shares	Amount
Retail (Min)	1	166	₹14,940
Retail (Max)	13	2,158	₹1,94,220
S-HNI (Min)	14	2,324	₹2,09,160
S-HNI (Max)	66	10,956	₹9,86,040
B-HNI (Min)	67	11,122	₹10,00,980

Belrise Industries Limited IPO Promoter Holding

Shareholding Status	Percentage
Pre-Issue	99.81%
Post-Issue	TBD

Belrise Industries Limited IPO Valuation Overview

KPI	Value
Earnings Per Share (EPS)	4.78
Price/Earnings (P/E) Ratio	TBD
Return on Net Worth (RoNW)	13.33%
Net Asset Value (NAV)	35.94
Return on Equity	14.18%
Return on Capital Employed (ROCE)	14.83%
EBITDA Margin	12.54%
PAT Margin	4.15%
Debt to Equity Ratio	0.97

Objectives of the Proceeds

• Repayment/pre-payment (in full or in part) of certain outstanding borrowings availed by the Company – ₹16,181.27 million

• General corporate purposes

Belrise Industries Limited Financial Information (₹ Crore)

Particulars	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
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 and 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