Belrise Industries was incorporated on September 25, 1996. The company is an automotive component manufacturer based in India, offering safety-critical systems and engineering solutions for various vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles
| Bidding Dates |
|---|
| 21 May 2025 - 23 May 2025 |
| Subscription |
|---|
| 41.3x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,110 | 1 | 13 | 166 | 252.9 M | ₹85 - ₹90 | 71.88 % | ₹21500.0 M - ₹22764.7 M | RHP DOC |
Belrise Industries IPO SUBSCRIPTION STATUS
23 May '25Belrise Industries IPO overall subscription rate was 41.3 times the total available shares
Belrise Industries IPO retail subscription rate was 4.27 times in the retail segment
Belrise Industries IPO non-institutional investor subscription rate was 38.33 times in the non-institutional investor category
Belrise Industries IPO Qualified Institutional Bidder subscription rate was 108.35 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
23 May 2025 (Day 3) | 4.27x | 38.33x | 108.35x |
22 May 2025 (Day 2) | 1.54x | 8.96x | 0.69x |
21 May 2025 (Day 1) | 0.48x | 1.44x | 0.42x |
Belrise Industries FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY25 | 245.5 | 6,013.4 | 315.7 | 315.7 | 12.8% |
| 9MFY24 | 297.5 | 5,957.9 | 139.8 | 139.8 | 12.8% |
| FY24 | 310.9 | 7,484.2 | 582.4 | 582.4 | 12.5% |
| FY23 | 313.7 | 6,582.5 | 789.5 | 789.5 | 13.6% |
| FY22 | 261.8 | 5,396.9 | 474.4 | 474.4 | 14.2% |
Belrise Industries IPO SUBSCRIPTION STATUS DETAILS
Belrise Industries had 252.9 M shares on offer
Belrise Industries IPO offer price was in the range ₹85 - ₹90
Belrise Industries IPO minimum Investment was ₹14110
Belrise Industries IPO issue size was ₹ 21500.0 M - ₹ 22764.7 M
Belrise Industries had a minimum lot size of 166 Shares per application
Belrise Industries NUMBER OF SHARES ON OFFER
Belrise Industries IPO IMPORTANT DATES
| Issue Open Date | 21 May 2025 |
| Issue close Date | 23 May 2025 |
| Allotment Date | 26 May 2025 |
| Refund Date | 27 May 2025 |
| Demat Account Credit Date | 27 May 2025 |
| Listing Date | 28 May 2025 |
| Listing on Exchange(s) | NSE and BSE |
| Belrise Industries Allotment Status | Exchange/ Registrar |
Belrise Industries IPO subscription opened on 21 May 2025, and closed on 23 May 2025
IPO allotment for Belrise Industries was finalized on Monday, 26 May 2025
IPO listing for Belrise Industries was on NSE and BSE on Wednesday, 28 May 2025
Belrise Industries IPO LISTING GAINS
| Issue Price (adjusted) | 90.0 |
| Listing Open Price | 100.0 |
| Listing Close Price | 97.4 |
| Listing Gain% | 11.1% |
| Current Gain% | 175.8% |
Belrise Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Belrise Industries Ltd. | 248.2 | 22436.4 | 48.3 | 1.2 | 2.5 | 9.5 | 5.8 | 9618.9 | 15.2 | 496.9 | 39.8 | 5.1 | 39.8 |
| Samvardhana Motherson International Ltd. | 168.5 | 177842.4 | 40.6 | 1.3 | 1.4 | 9.4 | 3.5 | 126414.2 | 10.7 | 3859.7 | 1.5 | 4.1 | 31.9 |
| Bosch Ltd. | 42950 | 126685.7 | 45.7 | 1.2 | 6.3 | 18.7 | 12.8 | 20888.7 | 10.5 | 2773.2 | 37.6 | 940.2 | 37.6 |
| UNO Minda Ltd. | 1285 | 74204.5 | 61.7 | 3.8 | 3.6 | 17.5 | 8.7 | 19692 | 17.2 | 1197.1 | 27 | 20.8 | 16.2 |
| Tube Investments of India Ltd. | 2772 | 53658.2 | 84.3 | -16 | 2.3 | 8.2 | 3 | 23234.6 | 17.1 | 636.8 | -5.5 | 32.9 | -5.3 |
| Sona BLW Precision Forgings Ltd. | 818 | 51009.7 | 73.3 | 3.8 | 10.3 | 10.7 | 8.6 | 4572.1 | 24.2 | 640.2 | 6.5 | 11.2 | 19.2 |
Belrise Industries INFORMATION ON IPO ISSUE
About Belrise Industries
Belrise Industries was incorporated on September 25, 1996. The company is an automotive component manufacturer based in India, offering safety-critical systems and engineering solutions for various vehicles, including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles
Object of the Issue
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company
- General corporate purposes
Belrise Industries - PROMOTERS
| Name |
|---|
| Shrikant Shankar Badve |
| Supriya Shrikant Badve |
| Sumedh Shrikant Badve |
Belrise Industries Book Running Lead Manager
Axis Capital Limited
belrise.ipo@axiscap.in
HSBC Securities and Capital Markets (India) Private Limited
belriseipo@hsbc.co.in
Jefferies India Private Limited
Belrise.IPO@jefferies.com
SBI Capital Markets Limited
belrise.ipo@sbicaps.com
Belrise Industries Registrar to the Offer
Link Intime India Private Limited
belriseindustries.ipo@linkintime.co.in
Belrise Industries Strengths
Distinguished market leader
The company is one of the top three in India’s two-wheeler metal components segment, holding a 24% market share as of FY24. The market is projected to grow at an 11-13% CAGR through FY30
Technology-enabled & innovation driven
The company’s manufacturing facilities are equipped with advanced features like real-time tracking, information transparency, and modular operations. They also develop special-purpose machines to enhance the quality and accuracy of critical operations such as notching, boring, and drilling
Vertically integrated manufacturing
The company operates 15 manufacturing facilities across nine cities in eight states, producing over 1,000 products, including chassis systems, exhaust systems, and more. Strategically located in key automotive hubs like Pune, Bhiwadi, Chennai, and Narasapura, these facilities enable cost-effective product distribution
Belrise Industries Risks
Risk of regional exposure
Seven of the company’s 15 manufacturing facilities are located in Maharashtra, creating potential regional risk exposure that could impact business operations, financial condition, and cash flows
Dependent on few customers
Revenue from the company’s ten largest customers accounts for a significant portion of its total revenue 57.42% for Q1FY25 & 50.77% for FY24. Any disruption in relationships with these customers or changes in their financial condition could negatively impact the company’s business and financial performance
Capacity utilization
Failure to maintain current capacity utilization at manufacturing facilities could negatively impact margins and profitability. Additionally, a slowdown or shutdown in operations may adversely affect the company’s business, financial condition, and cash flows
IPO FAQs
The promoters of the company are Shrikant Shankar Badve, Supriya Shrikant Badve and Sumedh Shrikant Badve.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 85.0 - 90.0.
The IPO application opens on May 21, 2025 and closes on May 23, 2025.
The minimum lot size for the IPO is 166. The maximum lot size for the IPO is 2158.
For all category investors, the minimum application amount for this IPO is Rs. 14,110.0, the maximum value for this IPO is Rs 194,220.0.
This IPO will be allotted on May 26, 2025.
The refund will be credited to your account on May 27, 2025.
The allotted shares will be credited to your demat on May 27, 2025.
Belrise Industries Ltd.’s shares listed on the stock exchanges on May 28, 2025.