Belrise Industries IPO
ListedMainboardOpens 21 May 2025Closes 23 May 2025
Belrise Industries Limited, founded in 1988, is a top automotive parts maker in India. It specializes in sheet-metal, castings, polymer parts, suspension, and mirror systems. The company supplies parts for two-wheelers,…
Belrise Industries Limited, founded in 1988, is a top automotive parts maker in India. It specializes in sheet-metal, castings, polymer parts, suspension, and mirror systems. The company supplies parts for two-wheelers, cars, commercial, and agricultural vehicles—focusing on safety and engineering solutions. Its products include chassis systems, body components, exhaust systems, and more.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
21 May
IPO Closes
23 May
Allotment
26 May
Listing
28 May
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 21 May 2025 |
| IPO Close Date | 23 May 2025 |
| Allotment Date | 26 May 2025 |
| Listing Date | 28 May 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,940 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,94,220 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,09,160 |
SHNI (Max)Below ₹10,00,000 | 66 | ₹9,86,040 |
BHNIAbove ₹10,00,000 | 67 | ₹10,00,980 |
IPO Objectives
- Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by our Company
- General Corporate Purposes.
Strengths
- Market leader in precision sheet metal pressing and fabrication with 24% share in India’s two-wheeler metal components segment (FY 2024).
- Vertically integrated manufacturing with 15 facilities across India producing over 1,000 automotive products.
- Vertical integration reduces supplier dependence and strengthens supply chain reliability.
- Serves both internal combustion engine and electric vehicle markets, with EV products growing at a CAGR of 24.6%.
- Strong adaptability to the growing electric vehicle sector ensures future growth opportunities.
Weaknesses
- Regional risk due to 7 of 15 manufacturing plants being in Maharashtra, exposing operations to local disruptions.
- High customer concentration with top 10 customers contributing 57.42% of revenue, risking business if key customers face issues.
- Vulnerability to raw material price volatility, impacting costs and profitability.
- Supply chain disruptions may affect operational results and cash flows.
Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 6,587.69 | 6,041.65 | 5,679.15 | 5,196.07 |
| Revenue (₹ Cr.) | 6,064.76 | 7,555.67 | 6,620.78 | 5,410.68 |
| PAT (₹ Cr.) | 245.47 | 352.7 | 356.7 | 307.24 |
| Net Worth (₹ Cr.) | 2,577.55 | 2,331.92 | 2,038.2 | 1,734.45 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Belrise Industries Ltd. | 0 | 24.47 | 13.33% | 2,577.55 |
| Bharat Forge Ltd. | 7.38 | 58.94 | 13.84% | 7,165 |
| UNO Minda Limited | 7.52 | 62.19 | 21.68% | 5,265 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.44x | 0.73x | 112.63x |
| NII | 1.53x | 9.5x | 40.57x |
| S-HNI | 1.42x | 7.67x | 25.7x |
| B-HNI | 1.58x | 10.41x | 48x |
| RII | 0.52x | 1.64x | 4.46x |
| Total | 0.71x | 3.06x | 43.1x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 4,77,77,779 | 5,38,14,12,734 | 48,432.71 |
| NII | 3,58,33,333 | 1,45,36,28,136 | 13,082.65 |
| Small NII | 1,19,44,444 | 30,70,01,396 | 2,763.01 |
| Big NII | 2,38,88,889 | 1,14,66,26,740 | 10,319.64 |
| RII | 8,36,11,111 | 37,25,50,812 | 3,352.96 |
| Total | 16,72,22,223 | 7,20,75,91,682 | 64,868.33 |
Company Details
- Belrise Industries
- Plot No D-39, MIDC Area, Waluj, Aurangabad - 431133, Maharashtra, India
- +91-0240-255120
- complianceofficer@belriseindustries.com
- http://www.belriseindustries.com/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- belriseindustries.ipo@linkintime.co.in
- https://in.mpms.mufg.com/Initial_Offer/public-issues.html
Frequently Asked Questions
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Sources
We match Belrise Industries IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Link Intime India Private LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.