Belrise Industries IPO — Price Band, Listing Date, Strengths, Risks & More: Read DRChoksey's Analysis

An automotive component manufacturing company has fixed the price band in the range of Rs 85-90 Apiece for its Rs 2,150 crore IPO which comprises only of fresh issue with no component of offer-for-sale..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DRChoksey Report.Belrise Industries Ltd. will launch its initial public offering on May 21 and the offer closes for subscription on May 23. An automotive component manufacturing company has fixed the price band in the range of Rs 85-90 Apiece. The minimum order bid lot is 166.The Rs 2,150 crore IPO comprises only of fresh issue with no component of offer-for-sale.The allotment for Belrise Industries IPO is expected to be finalized on May 26.The shares will be listed on both the National Stock Exchange and the BSE on May 28..Objects of the OfferRepayment/Pre-payment of certain outstanding borrowings availed by the company.General corporate purposes..Outlook and Valuation: Belrise Industries revenue has grown at 17.8% CAGR between FY22 and FY24, driven by its diverse product portfolio. Moreover, the company has established strong relationships with major OEMs, providing a stable export revenue stream. The company’s focus on premium, high-margin products, including EV components, lightweight chassis, and proprietary systems, supports long-term profitability. The Company is well-positioned to capitalize the demand in the automotive component sector, benefiting from its diversified product portfolio across two-wheelers, three-wheelers, four-wheelers, and commercial vehicles. Additionally, its ongoing capacity expansions across India, supported by advanced manufacturing technologies like IoT and automation, position it for scalable growth. Belrise Industries earnings has grown at 9.0% CAGR between FY22 and FY24 (in similar range of Minda Corporation and JBM Auto), while it is available at 24.5x 9MFY25 annualized P/E, much lower than all its peers. We believe Belrise appears to be attractively valued compared to peers and can be applied for listing gains . We assign a "Subscribe" rating to the IPO..Click on the attachment to read the full report:.What Does Belrise Industries IPO GMP Indicate Ahead Of Its Opening On May 21.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Belrise Industries IPO — Price Band, Listing Date, Strengths, Risks & More: Read DRChoksey's Analysis

Belrise Industries' Rs 2,150 crore IPO will open for subscription on May 21 for which the price band is set between Rs 85-90 Apiece.

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Belrise Industries IPO — Price Band, Listing Date, Strengths, Risks & More: Read DRChoksey's Analysis

Belrise Industries' Rs 2,150 crore IPO will open for subscription on May 21 for which the price band is set between Rs 85-90 Apiece.

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