Belrise Industries IPO
GMP, Subscription, Price, Dates & Financial Details
Belrise Industries Limited is a leading automotive component manufacturer based in India, established in 1996. The company specializes in precision sheet metal pressing and fabrication, offering over 1,000 distinct products that cater to a wide range of vehicles including two-wheelers,…
Open Date
Wed, 21 May 2025
Close Date
Fri, 23 May 2025
Price Band
₹ 85 – 90
Lot Size
166
Issue Size
₹ 2,150.00 Cr
Minimum Investment
₹ 14,940 (166 Shares)
Grey Market Premium Analysis
Day Wise GMP→Unofficial premium quoted in the grey market, tracked daily against the price band cap.
Grey market trading is unregulated. GMP figures are indicative only and should not be the sole basis for investment decisions - treat as a sentiment indicator, not a guarantee.
IPO Details
Belrise Industries IPO has successfully completed its IPO process and is now listed on the NSE and BSE. According to the Red Herring Prospectus (RHP), the IPO was a book-built issue with a total issue size of ₹2,150.00 Crore, comprising a fresh issue of 23.89 Crore equity shares aggregating to ₹2,150.00 Crore.
The Belrise Industries IPO remained open for subscription from May 21, 2025, to May 23, 2025. The basis of allotment was finalized on May 26, 2025, and the company's shares were listed on the NSE and BSE on May 28, 2025.
The company had fixed the price band at ₹85 to ₹90 per share, with a lot size of 166 shares. Retail investors were required to make a minimum investment of ₹14,940 (based on the upper price band) to apply for one lot.
MUFG Intime India Private Limited served as the registrar to the issue. Axis Capital Limited, Jefferies India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd, and SBI Capital Markets Limited acted as the Book Running Lead Managers (BRLMs) to the issue.
With the successful completion of the IPO process, Belrise Industries Limited is now a publicly listed company on the NSE and BSE. Investors can track the company's share price, trading performance, financial results, and corporate announcements through the stock exchanges.
Belrise Industries IPO Timeline (Tentative)
- IPO Open Date
- Wed, 21 May 25
- IPO Close Date
- Fri, 23 May 25
- Basis of Allotment
- Mon, 26 May 25
- Initiation of Refunds
- Tue, 27 May 25
- Credit of Shares to Demat
- Tue, 27 May 25
- Listing Date
- Wed, 28 May 25 — NSE & BSE
Open Date
21 May 2025
Close Date
23 May 2025
Basis Of Allotment
26 May 2025
Listing Date
28 May 2025
IPO Subscription
Check Live Subscription →The Belrise Industries IPO has received bids for 7,31,30,38,700 shares against 17,70,58,824 shares offered, resulting in an overall subscription of 41.3x. the NII category is subscribed 38.33x, Retail Investors 4.27x, and QIBs 108.35x. Within the NII category, BNII is subscribed 45.33x, while SNII is subscribed 24.33x.
QIB
108.35x
NII
38.33x
BNII
45.33x
SNII
24.33x
RII
4.27x
Total
41.3x
IPO Reservations
The Retail Individual Investor (RII) category has the highest allocation with 8,85,29,412 shares, representing 50% of the total issue. Qualified Institutional Buyers (QIBs) are allocated 5,05,88,235 shares (28.57%), while Non-Institutional Investors (NIIs) receive 3,79,41,177 shares (21.43%).
| Category | Shares Offered | Shares Offered % |
|---|---|---|
| Qualified Institutions | 50,588,235 | 28.57% |
| Non-Institutional | 37,941,177 | 21.43% |
| BNII | 25,294,118 | 14.29% |
| SNII | 12,647,059 | 7.14% |
| Retail Investors | 88,529,412 | 50% |
| Total | 177,058,824 | 100% |
Financials Details(₹ in Crores)
| Particular | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6587.69 | 6041.65 | 5679.15 | 5196.07 |
| Revenue | 6064.76 | 7555.67 | 6620.78 | 5410.68 |
| Profit After Tax | 245.47 | 352.7 | 356.7 | 307.24 |
| Net Worth | 2577.55 | 2331.92 | 2038.2 | 1734.45 |
| Reserve & Surplus | 2252.24 | 2014.43 | 2024.16 | 1715.31 |
| Total Borrowings | 2599.8 | 2440.98 | 2271.4 | 2597.96 |
Financials Performance
Performance Indicators
EPS Pre
Earnings per share before the IPO.
P/E Pre
IPO Offer Price ÷ EPS Pre.
EPS Post
Expected earnings per share after the IPO..
P/E (Post Issue)
IPO Offer Price ÷ EPS Post.
Belrise Industries Limited KPI Information
| Particular | KPI as of Sun, Mar 31, 2024. |
|---|---|
| ROCE % | 14.83 |
| Debt / Equity | 0.97 |
| RoNW % | 13.33 |
| Pat Margin % | 4.36 |
Peers Comparison
No Peer Comparision Available
About Belrise Industries Limited
Belrise Industries Limited is a leading automotive component manufacturer based in India, established in 1996. The company specializes in precision sheet metal pressing and fabrication, offering over 1,000 distinct products that cater to a wide range of vehicles including two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. Its diverse product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white parts, exhaust systems, battery containers, and steering columns. Belrise’s components are largely agnostic to vehicle powertrain types, allowing it to effectively serve both electric vehicles and internal combustion engine vehicles—positioning the company well for the transition to electric mobility.
Belrise has experienced strong financial growth, with revenue from operations reaching ₹74,842.41 million in FY2024, up from ₹65,824.96 million in FY2023 and ₹53,968.54 million in FY2022, reflecting a CAGR of 17.76%. For the nine months ending December 31, 2024, revenue grew to ₹60,134.26 million, showing a slight year-on-year increase. The company holds a significant market share of 24% in the two-wheeler metal components segment in India and also operates in the three-wheeler and four-wheeler segments. It serves 29 original equipment manufacturers (OEMs) and exports to several international markets including Austria, Slovakia, the UK, Japan, and Thailand.
Belrise operates 17 manufacturing facilities across 10 cities in nine Indian states as of March 2025, following the acquisition of H-One India Private Limited. These facilities support both backward integration (such as tool making, tube bending, and press operations) and forward integration (system assembly, coating, and painting), enabling the company to maintain high production capacity and quality standards. The acquisition of H-One enhanced Belrise’s capabilities in four-wheeler metal stamping and complex tool design, further strengthening its position in the market.
With a strong focus on innovation and engineering, Belrise has a 159-member product development team specializing in design, simulation, prototyping, and testing. This capability has enabled the development of advanced and proprietary products, including patented suspension systems and high-precision steering columns. The company operates on a just-in-time inventory model, ensuring agile supply chain management and close collaboration with OEMs to meet evolving industry requirements. Belrise’s reputation for quality is reinforced by 31 awards received from customers and industry bodies, making it a preferred multi-product vendor in the automotive components industry.
Belrise Industries IPO Promoters
- Shrikant Shankar Badve
- Supriya Shrikant Badve
- Sumedh Shrikant Badve
Promoters Holding
Holding Pre Issue
99.81%
Holding Post Issue
73.01%
Belrise Industries IPO Objective
The Company intends to utilise the Net Proceeds from the Issue towards funding the following objects (the “Objects”)
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company
- General corporate purposes
Belrise Industries Limited Address / Contact Details
Belrise Industries Limited
Plot No D-39 MIDC
Area Waluj
Aurangabad 431133
Maharashtra
Phone: +910240 255120
Email: complianceofficer@belriseindustries.com
Website: http://www.belriseindustries.com/
IPO Snapshot
Belrise Industries IPO Lot Size
The Belrise Industries IPO has a lot size of 166 shares. Retail investors require a minimum investment of ₹14,940 by applying for 1 lot (166 shares). The maximum application allowed for the retail category is 13 lots (2,158 shares), requiring an investment of ₹1,94,220.
| Application | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 166 | 14,940.00 |
| Retail (Max) | 13 | 2,158 | 194,220.00 |
| S-HNI (Min) | 14 | 2,324 | 209,160.00 |
| S-HNI (Max) | 66 | 10,956 | 986,040.00 |
| B-HNI (Min) | 67 | 11,122 | 1,000,980.00 |
Issue Reservation
- QIB — 28.57%
- NII — 21.43%
- RII — 50%
Book Running Lead Managers
- Axis Capital Limited
- Jefferies India Private Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- SBI Capital Markets Limited
IPO Documents & Links
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Disclaimer: This data is for informational purposes only and does not constitute investment advice.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
What is the Belrise Industries IPO?
Belrise Industries IPO is a Book-building IPO with a total issue size of ₹2150 crore. The Belrise Industries IPO price band is ₹85 to 90 per share. The Belrise Industries IPO subscription opens on Wed, May 21, 2025, and closes on Fri, May 23, 2025. The Belrise Industries IPO will be listed on the BSE,NSE. MUFG Intime India Private Limited is the registrar for the Belrise Industries IPO.
When will the Belrise Industries IPO open for subscription?
The Belrise Industries IPO opens on Wed, May 21, 2025 and closes on Fri, May 23, 2025
What is Belrise Industries IPO Price Band?
Belrise Industries IPO Price Band is ₹85 to 90 per share.
What is Belrise Industries IPO Lot Size?
Belrise Industries IPO lot size is 166 shares, Retail investors need a minimum investment of ₹14940 based on the upper price band
What is the minimum investment for Belrise Industries IPO?
The minimum investment for Belrise Industries IPO is ₹14940, based on one lot of 166 shares at the upper price band of ₹90 per share.
How to apply for Belrise Industries IPO?
Investors can apply for the Belrise Industries IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Fri, May 23, 2025. The application amount remains blocked until the Belrise Industries IPO allotment is finalized.
What is Belrise Industries IPO Issue Size?
Belrise Industries IPO issue size is ₹2150 crores.
What is the Belrise Industries IPO Allotment Date?
Belrise Industries IPO allotment date is Mon, May 26, 2025.
Who is the Belrise Industries IPO Registrar?
The registrar for Belrise Industries IPO is MUFG Intime India Private Limited. Investors can go to MUFG Intime India Private Limited website to check Belrise Industries IPO allotment status, refund processing, and other IPO-related information.
What is the Belrise Industries IPO GMP?
The Belrise Industries IPO GMP (Grey Market Premium) is ₹21 as of Wed, May 28, 2025. Based on the upper price band of ₹90 per share, the estimated Belrise Industries IPO listing price is ₹111, indicating a potential listing gain of approximately 23.33% over the issue price.
Who is the Belrise Industries IPO Lead Manager?
The book-running lead managers (BRLMs) for the Belrise Industries IPO are Axis Capital Limited, Jefferies India Private Limited, Hsbc Securities & Capital Markets Pvt Ltd, and SBI Capital Markets Limited. The lead managers are responsible for managing the IPO process, including issue structuring, regulatory compliance, marketing the public issue, coordinating with investors, and ensuring a smooth listing process. For complete details, investors should refer to the Belrise Industries IPO Red Herring Prospectus (RHP).