Belrise Industries IPO: Check IPO Date, Live Subscription and Key Details
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.
Min Investment
₹14940
Price Range
₹85.00-90.00
Issue Size
₹2150.00 Cr
IPO Type
Mainboard
Key Metrics
Check Live GMP
Face Value
₹10
EPS
3.68
P/E Ratio
24.47
RoNW
13.33%
ROE
%
Debt to Equity
0.97
Timeline
IPO Opens
21 May
IPO Closes
23 May
Allotment
26 May
Listing
28 May
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.) | 6587.69 | 6041.65 | 5679.15 | 5196.07 |
| Revenue (₹ Cr.) | 6064.76 | 7555.67 | 6620.78 | 5410.68 |
| PAT (₹ Cr.) | 245.47 | 352.7 | 356.7 | 307.24 |
| Net Worth (₹ Cr.) | 2577.55 | 2331.92 | 2038.2 | 1734.45 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Belrise Industries Ltd. | 0 | 24.47 | 13.33 | 2577.55 |
| Bharat Forge Ltd. | 7.38 | 58.94 | 13.84 | 7165 |
| UNO Minda Limited | 7.52 | 62.19 | 21.68 | 5265 |
Subscription Details
Daily Bids Status
| Date | Day 1 |
|---|---|
| QIB | 0.44x |
| NII | 1.52x |
| S-HNI | 1.42x |
| B-HNI | 1.58x |
| RII | 0.52x |
| Total | 0.71x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 4,77,77,779 | 2,11,16,030 | 190.04 |
| NII | 3,58,33,333 | 5,46,21,138 | 491.59 |
| Small NII | 1,19,44,444 | 1,69,39,470 | 152.46 |
| Big NII | 2,38,88,889 | 3,76,81,668 | 339.14 |
| RII | 8,36,11,111 | 4,32,41,008 | 389.17 |
| Total | 16,72,22,223 | 11,89,78,176 | 1,070.80 |
Company Details
- 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