Belrise Industries is launching a ₹2,150 crore IPO from May 21 to 23 with a price band of ₹85–90 per share. The company, a key auto component supplier, plans to use proceeds for loan repayments and general corporate purposes. Listing is expected on May 28.
Belrise Industries Limited is set to launch its Initial Public Offering (IPO) on May 21, 2025, with a price band fixed at ₹85 to ₹90 per equity share. The IPO will be open for subscription from May 21 to May 23, offering investors a chance to participate in the company’s public debut on Indian stock exchanges.
IPO Details
The IPO comprises 23,88,88,888 equity shares, aggregating to a total issue size of ₹2,150 crore. The face value of each share is ₹10. The floor price is 17 times the face value, and the cap price is 18 times the face value.
- Lot size: 166 equity shares and in multiples thereafter
- Price to Earnings (P/E) Ratio:
- 17.78x at the lower price band
- 18.83x at the upper price band
The allocation structure for the IPO includes:
- Not more than 50% for Qualified Institutional Buyers (QIB)
- Not less than 15% for Non-Institutional Investors (NII)
- Not less than 35% for Retail Individual Investors (RII)
The anchor investor allotment will take place on May 20, a day before the issue opens.
Important Dates (Tentative)
- IPO opens: May 21, 2025
- IPO closes: May 23, 2025
- Basis of allotment: May 26, 2025
- Refund initiation: May 27, 2025
- Credit of shares to Demat accounts: May 27, 2025
- Listing date on BSE and NSE: May 28, 2025
Company Overview
Belrise Industries is a well-established Indian manufacturer of automotive components. The company specializes in producing a broad spectrum of safety-critical systems and engineering solutions for:
- Two-wheelers
- Three-wheelers
- Four-wheelers
- Commercial vehicles
- Agricultural vehicles
Product Portfolio Includes:
- Metal chassis systems
- Suspension systems
- Polymer components
- Body-in-white components
- Exhaust systems
Belrise Industries supplies its products to 27 Original Equipment Manufacturers (OEMs) globally and operates 15 manufacturing plants across nine cities in eight Indian states as of June 30, 2024.
Clientele Includes:
- Bajaj Auto
- Honda
- Hero MotoCorp
- Jaguar Land Rover
- Royal Enfield
- Tata Motors
- Mahindra & Mahindra
- VE Commercial Vehicles
Peer Comparison
According to the Red Herring Prospectus (RHP), Belrise Industries’ listed peers and their respective P/E ratios are:
- Bharat Forge Ltd – 58.94
- Uno Minda Ltd – 62.19
- Motherson Sumi Wiring India Ltd – 39.42
- JBM Auto Ltd – 45.52
- Endurance Technologies Ltd – 44.76
- Minda Corporation Ltd – 51.32
Compared to these peers, Belrise Industries is priced at a much lower P/E ratio, making it potentially attractive to value-conscious investors.
Use of Proceeds
The proceeds from the IPO will be utilized for:
- Repayment/prepayment of borrowings
- General corporate purposes
Book Running Lead Managers (BRLMs)
The IPO is being managed by:
- Axis Capital Limited
- HSBC Securities & Capital Markets Pvt Ltd
- Jefferies India Private Limited
- SBI Capital Markets Limited
Belrise Industries IPO presents an opportunity for investors to tap into the growth of a strong domestic automotive component manufacturer with a diversified product base and reputed clientele. With a reasonable valuation compared to peers and well-defined use of proceeds, the offering could attract both institutional and retail interest. As always, investors should evaluate the company’s fundamentals and prospects before making any investment decisions.
