Belrise Industries Limited IPO

Belrise Industries Limited IPO

Mainboard NSE & BSE 100% Book Built Offer
Closed

Price Band

₹85 - ₹90

Total Issue

₹2,150.00 Cr

Bid Dates

21 May - 23 May

Subscription

41.30x

Est. GMP

₹21 (23.33%)

Website RHP Check Allotment

Tentative Timetable

Open
Close
Allotment
Refunds
Credit
Listing

Business Overview

Belrise Industries Limited is an India-based automotive component manufacturer specializing in safety-critical systems and engineering solutions. It caters to a wide range of vehicle categories, including two-wheelers, three-wheelers, passenger vehicles, commercial vehicles, and agricultural vehicles. Its product portfolio is largely agnostic to vehicle powertrain types, serving both electric vehicles (EVs) and internal combustion engine (ICE) vehicles. Key offerings include metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems, positioning the company to effectively support the evolving needs of the automotive industry.

Lot Info

Lot Information for Belrise Industries IPO
Category 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

Category Reservation

QIB 50%
NII 15%
Ret 35%
Employee
₹0.00
Shareholder
₹0.00

Issue Size

Total ₹2,150.00 Cr
Fresh Issue
₹2,150.00 Cr (23.89 Cr Shares)
Offer For Sale
₹0.00 (0.00 Shares)

Objects of Issue

  1. Repayment in full or in part, of certain outstanding borrowings availed by our Company
  2. General corporate purposes

Grey Market Premium

GMP ₹21
Est. Price ₹111
Est. Gain 23.33%

Belrise Industries IPO Peer Comparison

(Rs. in crores)

Belrise Industries IPO Peer Comparison Table
Particulars Belrise Bharat Forge Uno Minda Motherson JBM Auto Endurance Tech Minda Corp
Revenue from Ops (in Crs.) 7,484.24 15,682.07 13,910.36 8,321.36 4,723.19 10,052.03 4,651.10
PAT (In Crs.) 310.88 910.16 924.71 638.30 193.73 680.49 227.20
EPS - Basic 4.78 20.43 15.36 1.44 15.12 48.38 9.65
NAV per share 35.94 153.90 91.71 3.79 98.75 353.86 82.84
RONW 13.33% 13.84% 21.68% 42.45% 22.21% 16.24% 13.99%
EBITDA 12.54% 16.61% 11.58% 12.18% 12.49% 13.26% 11.08%
PAT Margin 4.15% 5.80% 6.65% 7.67% 4.10% 6.77% 4.88%
Price to earning (PE) 18.83 58.94 62.19 39.42 45.52 44.76 51.32
  • All information pertains to FY 2023-24
  • The PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of May 13, 2025 for Peers

Financial Performance

(Rs. in crores)

Financial Performance Metrics for Belrise Industries IPO
Particulars Dec-24 Mar-24 Mar-23 Mar-22
Revenue from Operations 6,013.43 7,484.24 6,582.50 5,396.85
Profit after Tax 245.47 310.88 313.66 261.85
Net Worth 2,577.55 2,331.92 2,038.20 1,734.45
Total Borrowing 2,599.80 2,440.98 2,271.40 2,597.96
Total Assets 6,587.69 6,041.65 5,679.15 5,196.07
NAV per share (in ₹) 39.75 35.94 31.41 26.66
EPS - Basic (in ₹) 3.77 4.78 4.82 4.02

KPIs

EBITDA

12.54%

PAT

4.15%

ROE

14.18%

ROCE

14.83%

Revenue - 2W parts

63.30%

PE Ratio

18.83

PB Ratio

2.50

Mkt Cap (in Crs.)

8,008.91

  • All the data pertains to FY 2023-24.
  • PE, PB, and market capitalization are calculated based on the Upper Price Band.

Shareholding

Promoter

9.50%

Public

90.50%

Shrikant Shankar Badve 81.42%
Supriya Shrikant Badve 6.66%
Sumedh Shrikant Badve 2.23%

Management

Shrikant Shankar Badve MD
Rahul Shashikant Ganu CFO

Registrar & Lead Managers

Registrar

MUFG Intime India

MUFG Intime India

Subscription Status

Updated as on 23-May-2025 19:00:00

Mainboard Subscription Status for Belrise Industries IPO
Category Sub (x) Offered Bids
QIB 114.72 4,77,77,779 5,48,11,23,788
NII 40.58 3,58,33,333 1,45,42,73,378
bHNI 48.00 2,38,88,889 1,14,66,26,740
sHNI 25.76 1,19,44,444 30,76,46,638
Retail 4.52 8,36,11,111 37,76,42,032
Total 43.73 16,72,22,223 7,31,30,39,198

Frequently Asked Questions

What is Belrise Industries IPO?
Belrise Industries IPO is a Mainboard IPO having an issue size of ₹2,150.00 Crs. Belrise Industries IPO is priced at ₹85 - ₹90 per share. The issue opens on 21 May 25 and closes on 23 May 25.
When will Belrise Industries IPO open?
Belrise Industries IPO opens on 21 May 25 and closes on 23 May 25.
What is the GMP of Belrise Industries IPO?
The estimated Grey Market Premium of Belrise Industries IPO is ₹21 per share (23.33%).
What is the lot size of Belrise Industries IPO?
The minimum lot size of Belrise Industries IPO is 166 shares & the minimum application amount is Rs. 14940.
When is the allotment of Belrise Industries IPO?
The allotment date of Belrise Industries IPO is 26 May 25.
What is the listing date of Belrise Industries IPO?
The listing date of Belrise Industries IPO is 28 May 25.
What is the subscription of Belrise Industries IPO?
Belrise Industries IPO is subscribed 41.30 times.
What is the price band of Belrise Industries IPO?
Belrise Industries IPO is priced at ₹85 - ₹90 per share.
How to check allotment status of Belrise Industries IPO?
Click the allotment link on Belrise Industries IPO page of IPO360.
How to apply Belrise Industries IPO in Zerodha?
  1. Go to Kite App → Tap on Bids → Tap on IPO
  2. Select the IPO → Tap on apply → Enter UPI ID
  3. Enter Qty and Price
  4. Submit the application
  5. Approve the UPI Mandate on your UPI app
How to apply Belrise Industries IPO in Groww?
  1. Go to Groww App → Stocks Section → Select IPO option
  2. Select the IPO you want to apply
  3. Enter your bid details and price
  4. Enter UPI ID & submit
  5. Approve the UPI Mandate on your UPI app
How to apply Belrise Industries IPO using ASBA?
  1. Log in to your bank's net banking portal.
  2. Navigate to the 'IPO' or 'ASBA' section.
  3. Select Belrise Industries IPO from the list of available IPOs.
  4. Enter the required details: Bid quantity, Price, DP ID & Client ID, etc
  5. Submit the application.
  6. Money will remain blocked till the refund date