Belrise Industries Ltd IPO
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Belrise Industries Ltd IPO Details
Details
| Total Shares Offered | Offer to Public | Retail Max (Shares) | Pre Issue Promoters Holding | Exchange | Issue size |
|---|---|---|---|---|---|
| ₹ 2,388.89 L | TBA | ₹ 836.11 L | ₹ 6,497.26 L | BSE | TBA |
| IPO Open Date | Close Date | Lot Size | Min Investment | Issue Type | Listing Date |
| 21 May, 25 | 23 May, 25 | 166 | TBA | Book Building | 28 May, 25 |
Belrise Industries Ltd IPO Dates
Details
| Sector | Type |
|---|---|
| Sector | Auto Ancillaries |
| Sub Sector | NA |
| Issue Type | Book Building |
Subscription Status
*Values are in Lakhs
| Investor Type | Subscription Times | Shares Offered* | Shares Bid* |
|---|---|---|---|
| QIB | 0x | 119444444 | 0 |
| NII | 0x | 35833333 | 0 |
| Retail | 0x | 83611111 | 0 |
| Employee | 0x | 0 | 0 |
| Total | 0x | 238888888 | 0 |
Subscription Status
Investor Type
QIB
NII
Retail
Employee
Total
*Values are in Lakhs
Belrise Industries Ltd Financial Status
Income Statement
Balance Sheet
| Particulars (in Rs. Crores) | FY23 | FY22 | FY21 |
|---|---|---|---|
| Revenue from operations | 7,484.10 | 619.29 | 5,398.58 |
| EBITDA | 999.10 | 925.44 | 782.37 |
| PAT | 295.36 | 271.40 | 247.13 |
| Total Assets | 2,904.08 | 2,554.39 | 2,289.36 |
| Share Capital | 325.50 | 20.34 | 20.34 |
| Total Borrowings | 2,859.75 | 2,859.27 | 3,305.07 |
| Operating Activities (Net Cash) | 616.09 | 577.55 | 491.95 |
| Investing Activities (Net Cash) | -157.79 | -26.77 | -49.99 |
| Financing Activities (Net Cash) | 2,859.75 | 2,859.27 | 3,305.07 |
| Net Cashflow | 230.56 | 127.66 | 64.27 |
Particulars (in Rs. Crores)
Revenue from operations
EBITDA
PAT
Total Assets
Share Capital
Total Borrowings
Operating Activities (Net Cash)
Investing Activities (Net Cash)
Financing Activities (Net Cash)
Net Cashflow
About Belrise Industries Ltd
Our Company was incorporated as Badve Engineering Private Limited, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 25, 1996, issued by the Additional Registrar ofCompanies, Maharashtra at Mumbai. Thereafter, our Company was converted into a public limited company pursuant to a special resolution passed by our Shareholders on January 7, 2008, and consequently, the name of our Company waschanged to `Badve Engineering Limited' and a fresh certificate of incorporation dated February 18, 2008, was issued by the Deputy Registrar of Companies, Maharashtra at Mumbai. The name of our Company was again changed to `BelriseIndustries Limited' pursuant to the Board resolution dated August 12, 2022 and a special resolution passed by our Shareholders on August 23, 2022, and a fresh certificate of incorporation dated August 29, 2022, was issued by the Registrar ofCompanies, Maharashtra at Mumbai (RoC).
The global two-wheeler metal components market was valued at Rs. 1,453.85 billion in 2023, and is expected to bevalued at Rs.1,767.28 billion in 2029, growing at a CAGR of 3.29% between 2024 and 2029. Further, the two-wheeler metal products market size is projected to grow at a 11-13% CAGR over the next five years through Financial Year 2030.
We are an automotive component manufacturing company based in India offering a diverse range of safety criticalsystems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehiclesand agri-vehicles. Our product portfolio includes metal chassis systems, polymer components, suspensionsystems, body-in-white components and exhaust systems, among others. Our products are largely agnostic tovehicle powertrain types, reflecting our ability in catering to both electric vehicles and internal combustion enginevehicles. We specialize in precision sheet metal pressing and fabrication (i.e., the process of joining sheet metalcomponents to create unified structures for assembling vehicle subsystems and bodies).
Peer Comparison:
- Belrise Industries Limited
- Bharat Forge Ltd
- Uno Minda Ltd
- Motherson Sumi Wiring India Ltd
- JBM Auto Ltd
- Endurance Technologies Ltd
- Minda Corporation Ltd (Spark Minda)
Belrise Industries Ltd IPO Key Points
Strengths
- Distinguished market leader in the high-growth field of precision sheet metal pressing and fabrication within a large and growing automotive component industry.
- Technology-enabled, innovation driven development and process engineering capabilities.
- Vertically integrated manufacturing facilities offering a diverse range of products.
- Longstanding customer relationships developed through years of collaboration and value addition.
- Largely EV-agnostic product portfolio, strategically positioned to scale in tandem with burgeoning electric vehicle market in India.
Risk
- Seven out of its 17 manufacturing facilities are located in the state of Maharashtra. This concentration poses potential for regional risk exposure, which may adversely affect its business, results of operations, financial condition and cash flows.
- Revenue from its ten largest customers comprises a significant portion of the company revenue from operations (63.82% for the nine months period ended December 31, 2024, 49.26% for the nine months period ended December 31, 2023, 50.77% for the Financial Year 2024, 57.93% for the Financial Year 2023 and 64.43% for the Financial Year 2022). Any failures to maintain its relationship with these customers or any adverse changes affecting their financial condition will have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company has entered into, and may continue to enter into related party transactions. Its cannot assure you that such transactions, individually or in the aggregate, will not have an adverse effect on its business, results of operations, financial condition and cash flows.
Strategy
- Increase our content per vehicle through new, high value and complex products and more integrated systems.
- Expand our portfolio of electric vehicle and renewable energy products.
- Build a portfolio of proprietary products, in-house and through collaborations.
- Diversify our two-wheeler, four-wheeler and commercial vehicle customer base.
- Diversify our two-wheeler, four-wheeler and commercial vehicle customer base.
- Distinguished market leader in the high-growth field of precision sheet metal pressing and fabrication within a large and growing automotive component industry.
- Technology-enabled, innovation driven development and process engineering capabilities.
- Vertically integrated manufacturing facilities offering a diverse range of products.
- Longstanding customer relationships developed through years of collaboration and value addition.
- Largely EV-agnostic product portfolio, strategically positioned to scale in tandem with burgeoning electric vehicle market in India.
How To Apply for Belrise Industries Ltd IPO Online?
Step 1:
Log in to the BlinkX stock market app and click ‘IPO’ in the Xplore section.
Step 2:
From the list of open IPOs, select the IPO you want to invest.
Step 3:
Go through the IPO details like lot size, price band, about the company, etc.
Step 4:
Click ‘Apply IPO’ to apply and enter the number of lots and bidding price along with your UPI ID.
Step 5:
Confirm your bid and accept the payment mandate sent to your UPI App for completing the IPO application.
