Allotment

Belrise Industries launched a book-built IPO worth ₹2,150 crore, consisting entirely of a fresh issue of 23.89 crore shares.
The IPO opened for bidding on May 21, 2025, and closed on May 23, 2025. The allotment was finalized on May 26, 2025, and the shares were subsequently listed on BSE and NSE on May 28, 2025.
The price band for the IPO was fixed at ₹90 per share. The lot size for an application is 166 shares. For retail investors, the minimum investment is 1 lot (166 shares), totaling ₹14,940 (based on the upper price). sNII investors must subscribe to a minimum of 14 lots (2,324 shares), amounting to ₹2,09,160, while bNII investors must subscribe to 67 lots (11,122 shares), totaling ₹10,00,980.
The IPO was managed by Axis Capital Ltd. as the Book Running Lead Manager, with MUFG Intime India Pvt. Ltd. serving as the Registrar of the Issue.
Investors can bid for a minimum of 166 shares, with additional bids required in multiples of 166 shares.
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| IPO Date | 28 May |
| IPO Listing Date | 28 May |
| IPO Face Value | ₹5 per share |
| IPO Price Range | ₹90.00 |
| IPO Issue Size | 23,88,88,888 shares |
| IPO Sale Type | Fresh Capital |
| Employee Discount | - |
| IPO Issue Type | Bookbuilding IPO |
| IPO Listing | BSE, NSE Platform |
| hare Holding Pre Issue | 65,09,90,304 shares |
| IPO Open Date | 21 May |
| IPO Close Date | 23 May |
| IPO Allotment (Tentative) | 26 May |
| Refunds | 27 May |
| Credit to Demat Account | 27 May |
| IPO Listing Date | 28 May |
| Category | Offer |
|---|---|
| QIB Shares Offered | 11,94,44,443 Shares |
| NII (HNI) Shares Offered | 3,58,33,334 Shares |
| Retail Shares Offered | 8,36,11,111 Shares |
Investors can bid for a minimum of 166 shares, with additional bids required in multiples of 166 shares.
| Application | Lots | Share | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 166 | ₹14,940 |
| Retail (Max) | 13 | 2,158 | ₹1,94,220 |
| S-HNI (Min) | 14 | 2,324 | ₹2,09,160 |
| S-HNI (Max) | 66 | 10,956 | ₹9,86,040 |
| B-HNI (Min) | 67 | 11,122 | ₹10,00,980 |
Incorporated in 1988, Belrise Industries Limited is a leading automotive component manufacturer in India, specializing in sheet metal and casting parts, polymer components, suspension systems, and mirror systems for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. The company focuses on safety-critical systems and engineering solutions for a diverse range of automotive applications.
Product Portfolio:
Belrise Industries offers a wide range of automotive components, including:
Metal chassis systems
Polymer components
Suspension systems
Body-in-white components
Exhaust systems
Customers and Global Presence:
The company serves leading OEMs such as Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra. As of June 30, 2024, Belrise Industries supports a total of 27 OEMs globally and operates 15 manufacturing facilities across nine cities in eight states in India.
Competitive Strengths:
Market leadership in precision sheet metal pressing and fabrication within the fast-growing automotive component sector.
Innovation-driven development and strong process engineering capabilities.
Vertically integrated manufacturing facilities offering a diverse range of products.
Longstanding customer relationships built through years of collaboration and value addition.
EV-agnostic product portfolio, strategically positioned to scale with India’s growing electric vehicle market.
Experienced promoters and management team driving operational excellence and strategic growth.
| Assets | 6,587.69 | 6,041.65 | 5,679.15 |
| Total Income | 6,064.76 | 7,555.67 | 6,620.78 |
| Profit After Tax | 245.47 | 352.7 | 356.7 |
| EBITDA | - | - | - |
| NET Worth | 2,577.55 | 2,331.92 | 2,038.20 |
| Reserves and Surplus | 2,252.24 | 2,014.43 | 2,024.16 |
| Total Borrowing | 2,599.80 | 2,440.98 | 2,271.40 |
| ROE | - |
| ROCE | 14.83% |
| Debt/Equity | 0.97 |
| RoNW | 13.33% |
| PAT Margin | 4.36% |
| EBITDA Margin | - |
| Price to Book Value | 2.5 |
IPO Objects of the Issue
| S.No. | Objects of the ipo Resources Detail | IPO Amount |
|---|---|---|
| 1 | Funding capital expenditure requirements for the purchase of equipment/machineries | - |
| 2 | To meet out the expenses of Working Capital Requirement | - |
| 3 | To meet out the General Corporate Purposes; | 410.49 |
| 4 | Offer for Sale (OFS) | - |
Belrise Industries Ltd. Address
Plot No D-39
MIDC
Area Waluj
Aurangabad, Maharashtra, 431133
+910240 255120
complianceofficer@belriseindustries.com
http://www.belriseindustries.com/
IPO Registrar
MUFG Intime India Pvt.Ltd.
+91-22-4918 6270
belriseindustries.ipo@linkintime.co.in
https://linkintime.co.in/Initial_Offer/public-issues.html