Belrise Industries IPO: Should You Subscribe? — Read Anand Rathi's Analysis

Belrise Industries' Rs 2,150 crore IPO comprises only of fresh issue with no component of offer-for-sale. The company has fixed the price band in the range of Rs 85-90 Apiece. The minimum order bid lot is 166..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..Anand Rathi 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..Objects of the IssueRepayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the company.General corporate purposes..Valuation & Outlook Belrise Industries is a leading automotive component manufacturer in India, specializing in safety-critical systems and engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles. The company produces a wide range of products, including automotive sheet metal and casting parts, polymer components, suspension and mirror systems, metal chassis systems, body-in-white components, and exhaust systems. As of FY24, they rank among the top three companies in India’s twowheeler metal components segment, holding a 24% market share based on revenue. With a strong track record in process engineering and technology adoption, they strive to uphold high manufacturing excellence across all their facilities. .At the upper band, the company is valued at 26x its FY24 EPS. Following the issuance of equity shares, the company's market capitalization stands at Rs 80,089 million, with a market cap-to-sales ratio of 1.07 based on its FY24 earnings. The company is focusing on increasing its Content per Vehicle along with focusing on EV’s, four-wheelers as commercial vehicles. We believe that the issue is fairly priced and recommend “Subscribe – Long Term” rating to the IPO..Click on the attachment to read the full report:.Borana Weaves IPO - Price Band, Listing Date, Strengths, Financials, Risks And More: Read DRChoksey's Analysis.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: Should You Subscribe? — Read Anand Rathi'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.

NDTV Profit

NDTV Profit

Follow Us

DOWNLOAD THE APP

Belrise Industries IPO: Should You Subscribe? — Read Anand Rathi'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.

Choose a plan

Follow Us

DOWNLOAD THE APP