Belrise Industries IPO: Price Band, Financials, Key Dates, GMP — All You Need To Know
The initial public offering will raise Rs 2,150 crore via a fresh issue of shares.
Automotive component manufacturer Belrise Industries Ltd.'s initial public offering is scheduled to open on Wednesday.
The price band for the IPO has been set in the range of Rs 85 to Rs 90 per share. Bids can be made for a minimum of 69 shares, and then in multiples thereof.
The IPO, which will be open till Friday, will raise Rs 2,150 crore via a fresh issue of shares, as per the red herring prospectus. The company intends to use net proceeds from the issue towards repayment of outstanding borrowings, and for general corporate purposes.
Belrise Industries filed the papers for its IPO with the capital markets regulator on Nov. 19. The company's promoters include Shrikant Shankar Badve, Supriya Shrikant Badve and Sumesh Shrikant Badve.
Axis Capital Ltd., HSBC Securities and Capital Markets (India) Pvt., Jefferies India Pvt., and SBI Capital Markets Ltd. are the book-running lead managers for the issue, whereas Link Intime India Pvt. is the registrar.
The equity shares are proposed to be listed on both the BSE and National Stock Exchange.
IPO Details
Issue opens: May 21.
Issue closes: May 23.
Issue price: Rs 85–90.
Fresh issue: Rs 2,150 crore.
Lot size: Minimum 166 shares, and then in multiples thereof.
Market value at upper end of price band: Rs 8,008 crore.
Business
Belrise Industries is an automotive component manufacturer offering a range of safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles and agricultural vehicles.
Its product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components and exhaust systems. The company's products are largely agnostic to vehicle powertrain types, enabling it to serve both electric vehicles and internal combustion engine vehicles.
For the financial year 2024, the company reported revenue from operations of Rs 7,484.2 crore.
Use Of Proceeds
The company aims to utilise Rs 1,618.1 crore from the offer towards repayment of borrowings and the remaining towards general corporate purposes.
Financial Performance
The company reported a 0.9% rise in revenue at Rs 6,013.4 crore in the first nine months of the financial year ended 2025, from Rs 5,957.9 crore in the same period of the previous fiscal.
Net profit slipped 17% to Rs 245.5 crore. The company reported an Ebitda of Rs 745.4 crore in the same period. As of March 31, 2025, the company's debt pile stood at Rs 255.8 crore.
Key Risks
Seven of Belrise Industries' 17 manufacturing facilities are located in Maharashtra, creating potential regional risk exposure that could adversely impact its business, results of operations, financial condition and cash flows.
Fluctuations in raw material prices and disruptions in their availability may negatively affect Belrise's business performance, financial condition and cash flows.
The discontinuance or non-availability of subsidies, such as those under the Maharashtra Industrial Promotion Subsidy Policy 2013, Karnataka VAT Loan Subsidy, and Madhya Pradesh Industrial Promotion Subsidy 2014, could adversely affect Belrise's business, results of operations, financial condition, and cash flows.
GMP
The grey market premium of the Belrise Industries IPO is Rs 11 as of 3:02 p.m., according to InvestorGain. This implies shares of the company will likely list at Rs 101 apiece, indicating a 12.22% premium to the upper end of the price band.
It should be noted that GMP or grey market price is not an official price quote for the stock and is based on speculation.
