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Belrise Industries Ltd IPO

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).

Belrise Industries Ltd IPO Details

Total Shares Offered

₹ 23,88,88,888

Offer to Public

TBA

Retail Max (Shares)

₹ 8,36,11,111

Pre Issue Promoters Holding

₹ 64,97,26,304

Exchange

BSE

Issue size

₹ 2150 Cr

IPO Open Date

May 21, 2025

Close Date

May 23, 2025

Lot Size

166

Min Investment

₹ 14,110

Issue Type

Book Building

Listing Date

May 28, 2025

Belrise Industries Ltd IPO Dates

May 21, 2025

Opening date

May 23, 2025

Closing date

May 26, 2025

Basis of Allotment

May 27, 2025

Initiation of Refunds

May 27, 2025

Credit of Shares

May 28, 2025

Listing date

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	45.89x	119444444	5481123788
NII	40.58x	35833333	1454273378
Retail	4.52x	83611111	377642032
Employee	0x	0	0
Total	30.61x	238888888	7313039198

Investor Type

QIB

NII

Retail

Employee

Total

Subscription Times

45.89x

40.58x

4.52x

30.61x

119444444

35833333

83611111

238888888

5481123788

1454273378

377642032

7313039198

Belrise Industries Ltd Financial Status

Income Statement

Particulars (In Rs. Crores)

Balance Sheet

Particulars (In Rs. Crores)

Particulars (in Rs. Crores)	FY23	FY22	FY21
Revenue from operations	8,290.82	7,484.10	619.29
EBITDA	1,081.11	999.00	925.44
PAT	332.48	295.36	271.40
Total Assets	3,205.77	2,910.37	2,554.39
Share Capital	325.50	325.50	20.34
Total Borrowings	3,420.96	2,747.23	2,859.27
Operating Activities (Net Cash)	661.73	616.09	577.55
Investing Activities (Net Cash)	90.70	-157.79	-26.77
Financing Activities (Net Cash)	3,420.96	2,747.23	2,859.27
Net Cashflow	95.69	230.56	127.66

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.

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 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.

How To Apply for Belrise Industries Ltd IPO Online?

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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.

FAQs on IPO (Initial Public Offering)

What is the issue size of the Belrise Industries Ltd IPO?

Belrise Industries Ltd's IPO offers shares for up to 2,150 It begins on May 21, 2025 and ends on May 23, 2025.

What is the price of the Belrise Industries Ltd IPO?

The price of Belrise Industries Ltd IPO ranges between ₹85 to ₹90 per share.

What are the open and close dates for the Belrise Industries Ltd IPO?

The Belrise Industries Ltd IPO opens on May 21, 2025 and closes on May 23, 2025.

When will the Belrise Industries Ltd IPO be allotted?

The allotment for the Belrise Industries Ltd IPO will be finalised on May 26, 2025. The shares will be listed on BSE and NSE on May 28, 2025.

What is the minimum lot size required for Belrise Industries Ltd IPO?

The minimum lot size for Belrise Industries Ltd IPO is 166 shares, priced between ₹85 to ₹90 per share.

What is the GMP of Belrise Industries Ltd IPO?

The GMP (Grey Market Premium) of Belrise Industries Ltd IPO fluctuates based on market demand and sentiment.

How do you check the allotment status of Belrise Industries Ltd IPO?

To check the allotment status of Belrise Industries Ltd IPO, visit the registrar's website, select the IPO, enter your PAN Card number, Application Number, or DP Client ID, and click 'search.'

Where is the Belrise Industries Ltd IPO getting listed?

The Belrise Industries Ltd IPO is getting listed on the BSE and NSE. Bidding opens on May 21, 2025, and closes on May 23, 2025. The allotment is finalised on May 26, 2025.

How do you apply for the Belrise Industries Ltd IPO?

To apply for the Belrise Industries Ltd IPO, download the BlinkX app, complete KYC, select the IPO, enter bid details, and submit. Verify UPI payment for shares allotment.