Belrise Industries IPO
Bookbuilding IPO | ₹2,150.00 Cr | Listing at BSE, NSE
IPO Open
Wed, May 21, 2025
IPO Close
Fri, May 23, 2025
Price Band
₹85.00 to ₹90.00
Market Cap (Pre-IPO)
₹8,008.91 Cr
IPO Details
| IPO Date | May 21, 2025 to May 23, 2025 |
| Listing Date | Tentative: May 28, 2025 |
| Face Value | ₹5.00 per share |
| Price Band | ₹85.00 to ₹90.00 |
| Lot Size | 166 Shares (Minimum: ₹14,940.00) |
| Sale Type | Fresh Issue |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Issue Size | ₹2,150.00 Crores |
| Total Shares Offered | 238,888,888 shares |
| Offer For Sale | 238,888,888 shares |
Subscription Data
| Category | Times Subscribed |
|---|---|
| QIB | 112.63x |
| NII | 40.58x |
| RII | 4.52x |
| Total | 43.14x |
Belrise Industries IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | 11,94,44,443 (50.00%) |
| Retail Shares Offered | 8,36,11,111 (35.00%) |
| NII Shares Offered | 3,58,33,334 (15.00%) |
Belrise Industries IPO Lot Size
Investors can bid for a minimum of 166 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 166 | ₹14,940 |
| Retail (Max) | 13 | 2,158 | ₹194,220 |
| S-HNI (Min) | 14 | 2,324 | ₹209,160 |
| S-HNI (Max) | 66 | 10,956 | ₹986,040 |
| B-HNI (Min) | 67 | 11,122 | ₹1,000,980 |
Belrise Industries Financial Information (Restated Consolidated)
| Period Ended | 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 |
| Total Income | 6,064.76 | 7,555.67 | 6,620.78 | 5,410.68 |
| Profit After Tax | 245.47 | 352.70 | 356.70 | 307.24 |
| EBITDA | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 |
Amount in ₹ Cr
Key Performance Indicators
As of Sunday, March 31, 2024| KPI | Values |
|---|---|
| ROE (Return on Equity) | 0.00% |
| ROCE (Return on Capital Employed) | 14.83% |
| Debt/Equity | 0.97 |
| RoNW (Return on Net Worth) | 13.33% |
| PAT Margin (Profit After Tax Margin) | 4.36% |
| EBITDA Margin | 0.00% |
| Price to Book Value | 2.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS Rs | 5.42 | 3.68 |
| P/E (x) | 16.61 | 24.47 |
| Promoter Holding | 99.81% | 73.01% |
Company Promoters
- Shrikant Shankar Badve
- Supriya Shrikant Badve and Sumedh Shrikant Badve are the company promoters.
Company Overview
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems specifically for Two-Wheel, Three-Wheel, and Four-Wheel Passenger and Commercial vehicles.
The company is an automotive component manufacturing company in India offering a diverse range of safety critical systems.
Belrise Industries is a manufacturing company in India that offers a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.
The company's product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems.
The company's customers include Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
As of June 30, 2024, the company services a total of 27 OEMs globally. The company have established 15 manufacturing facilities across nine cities in eight states, as of June 30, 2024.
Company Strengths
- Distinguished market leader in the high-growth field of precision sheet metal pressing and fabrication within a large and growing automotive component industry.
- enabled, innovation-driven development and process engineering capabilities.
- Vertically integrated manufacturing facilities offering a diverse range of products.
- Longstanding customer relationships are developed through years of collaboration and value addition.
- Largely EV- agnostic product portfolio, strategically positioned to scale in tandem with burgeoning electric vehicle market in India.
- Experienced promoters and management team.
Use of Proceeds
| 1) | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company; and | 1,618.13 |
| 2) | General corporate purposes | 410.49 |
Objectives
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
Belrise Industries IPO Peer 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 | - | 13.33 | - | Consolidated |
| Bharat Forge Ltd. | 20.43 | 20.43 | 153.90 | 58.94 | 13.84 | 7.38 | Consolidated |
| UNO Minda Limited | 15.36 | 15.36 | 91.71 | 62.19 | 21.68 | 7.52 | Consolidated |
| Motherson Sumi Wiring India Limited | 1.44 | 1.44 | 3.79 | 39.42 | 42.45 | 22.00 | 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 |
Quick Info
| Sector | Automobile & Ancillary |
| Exchange | BSE, NSE |
| Market Cap (Pre-IPO) | ₹8,008.91 Cr |
| GMP | 0.00 |
Important Dates
| IPO Open | May 21, 2025 |
| IPO Close | May 23, 2025 |
| Allotment Date | May 26, 2025 |
| Credit to Demat | May 27, 2025 |
| Listing Date | Tentative: May 28, 2025 |
Lead Manager(s)
Axis Capital Ltd.
Registrar
Description
- Belrise Industries IPO is a book build issue of ₹2,150.00 crores. The issue is entirely a fresh issue of 23.89 crore shares of ₹2,150.00 crore.
- Belrise Industries IPO bidding started from May 21, 2025 and ended on May 23, 2025. The allotment for Belrise Industries IPO was finalized on May 26, 2025. The shares got listed on BSE, NSE on May 28, 2025.
- Belrise Industries IPO price band is set at ₹90.00 per share . The lot size for an application is 166. The minimum amount of investment required by an retail is ₹14,940 (166 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,324 shares), amounting to ₹2,09,160, and for bNII, it is 67 lots (11,122 shares), amounting to ₹10,00,980.