Belrise Industries IPO Date, Review, Price, Allotment Details
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Belrise Industries Limited, a leading manufacturer of automotive components, is set to launch its Initial Public Offering (IPO) on May 21, 2025. The public issue, which will close on May 23, aims to raise approximately ₹2,150 crore through a fresh issue of equity shares.
The IPO will be a Book Built Issue, with a price band set between ₹85 and ₹90 per share. Each equity share has a face value of ₹5, and the stock is expected to be listed on both the BSE and NSE on May 28, 2025. The basis of allotment will be finalized on May 26, with refunds and credit of shares to demat accounts scheduled for May 27.
Investor Quota and Lot Size
The IPO will allocate up to 50% of shares to Qualified Institutional Buyers (QIBs), 15% to Non-Institutional Investors (NIIs), and 35% to retail investors. The minimum lot size for retail investors is 166 shares, amounting to an investment of ₹14,940. Retail investors can apply for a maximum of 13 lots (2,158 shares).
For high-net-worth individuals (HNIs), the minimum application is:
- S-HNI: 2,324 shares (₹2,09,160)
- B-HNI: 11,122 shares (₹10,00,980)
Financial Performance
Belrise Industries has shown consistent growth in revenue, reporting ₹7,555.67 crore in FY 2024, up from ₹6,620.78 crore in FY 2023. However, net profit slightly declined to ₹310.88 crore in FY 2024 from ₹313.66 crore in the previous year.
| Financial Year | Revenue (₹ Cr) | Profit After Tax (₹ Cr) |
|---|---|---|
| 2022 | 5,410.68 | 261.85 |
| 2023 | 6,620.78 | 313.66 |
| 2024 | 7,555.67 | 310.88 |
As of June 30, 2024, the company operated 15 manufacturing plants across 8 states.
Company Profile
Established in 1996, Belrise Industries has developed a diversified product portfolio catering to both electric and internal combustion engine vehicles. It manufactures chassis systems, exhaust systems, battery containers, and polymer components, among others.
The promoters of the company include Shrikant Shankar Badve, Supriya Shrikant Badve, and Sumedh Shrikant Badve.
Use of IPO Proceeds
The funds raised through the IPO will be used for:
- Repayment and pre-payment of certain outstanding borrowings
- General corporate purposes
Valuation Metrics (FY2024)
- EPS: ₹4.78
- Return on Equity (ROE): 14.18%
- EBITDA Margin: 12.54%
- PAT Margin: 4.15%
- Debt-to-Equity Ratio: 0.97
- Net Asset Value (NAV): ₹35.94
IPO Lead Managers and Registrar
The IPO is being managed by Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets. The registrar is MUFG Intime India Pvt. Ltd.
Belrise Industries IPO Timeline:
- Opening Date: May 21, 2025
- Closing Date: May 23, 2025
- Allotment Finalization: May 26, 2025
- Listing Date: May 28, 2025
With a strong presence in the auto components sector and an established track record, Belrise Industries’ IPO is being closely watched by investors. While the company’s revenue trajectory is positive, some analysts advise evaluating the flat profit growth before investing.
