Belrise Industries Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹85 - ₹90
- Lot size
- 166 shares
- Issue amount
- ₹2,150 cr
- Total subscription
- 43.73×
- Opens
- 21 May 2025
- Closes
- 23 May 2025
- Allotment
- 26 May 2025
- Listing
- 28 May 2025
Offer at a glance
Issue overview
- Issue size
- 23,88,88,888 shares
- Face value
- ₹5 Per Share
- Minimum investment
- ₹14,110
- Fresh issue
- ₹2,150 cr
- Offer for sale
- ₹0 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,940
- Issue type
- Bookbuilding IPO
- Shares before issue
- 65,09,90,304
- Shares after issue
- 88,98,79,192
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 166 | ₹14,940 |
| sHNI | 14 | 2,324 | ₹2,09,160 |
| bHNI | 67 | 11,122 | ₹10,00,980 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| RETAIL | 5,03,681 | 19,15,798 |
| HNIs(10L +) | 10,279 | 1,00,583 |
| HNIs (2-10L) | 5,139 | 1,28,404 |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 430 | 49,330.11 |
| RETAIL | 752.5 | 3,392.51 |
| HNIs 2+ | 107.5 | 2,768.38 |
| HNIs 10+ | 215 | 10,319.64 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Key performance indicators
| Metric | Dec-24 | Mar-24 | Mar-23 |
|---|---|---|---|
| EPS | 3.77 | 4.78 | 4.82 |
| ROE | 0 | 0 | 0 |
| ROCE | 11.03 | 14.83 | 14.04 |
| RONW | 9.52 | 13.33 | 15.39 |
| PRE IPO(PE) | 0 | 16.61 | 0 |
| POST IPO(PE) | 24.47 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Belrise, founded in 1988, is an Indian automotive component manufacturer supplying to 27 OEMs globally as of June 30, 2024. The company operates 15 manufacturing facilities across 9 cities in 8 states. Its diversified product portfolio includes metal components like sheet metal parts, chassis systems, body-in-white parts, exhaust systems and castings. It also manufactures polymer components and functional systems including suspension and mirror systems. Belrise serves leading two-wheeler, three-wheeler, passenger and commercial vehicle manufacturers such as Bajaj, Honda, Hero, Royal Enfield, Tata Motors, Mahindra, Jaguar Land Rover and VE Commercial Vehicles. With the growing EV market and global mobility shift, the company has significant expansion opportunities across multiple automotive segments.
Strengths
- Market Leadership: Leading player in precision sheet metal pressing & fabrication in India.
- Innovation-Driven Engineering: Strong focus on R&D, process engineering, and continuous product innovation.
- Vertically Integrated Manufacturing: In-house capabilities ensure cost efficiency, consistent quality, and faster delivery.
Risk factors
- Geographic Concentration Risk: 7 out of 15 manufacturing facilities are located in Maharashtra, making the business vulnerable to region-specific disruptions.
- Customer Concentration Risk: A major share of revenue comes from the top 10 customers, so losing any key client could significantly impact financial performance.
- Operational Risk: Any inability to maintain optimal capacity utilization or disruptions in manufacturing could reduce margins and profitability.
Promoters
Shrikant Shankar Badve
Supriya Shrikant Badve
Sumedh Shrikant Badve
Registrar & documents
Lead manager
Axis Capital Limited, Hsbc Securities & Capital Markets Private Limited, Jefferies India Private Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No D-39 MIDC Area Waluj
+910240 255120
Belrise Industries LimitedCompany website ↗Understanding BELRISE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.