Belrise Industries Ltd, a Pune-based auto parts manufacturer, is all set to launch its Initial Public Offering (IPO) on May 21.
The price band for the IPO has been set between ₹85 to ₹90 per share, and the lot size is 166 shares.
Through this IPO, the company aims to raise ₹2,150 crore by issuing 23.89 crore fresh shares. There will be no offer for sale (OFS) in this issue.
Anchor investor bidding will take place on May 20.
The IPO will close on May 23.
Allotment of shares will be finalized on May 26.
The stock is expected to be listed on BSE and NSE on May 28.
Only the Second Mainboard IPO in FY26
This will be the second IPO in the mainboard segment for the financial year 2025–26, following Ather Energy’s IPO.
The IPO is being managed by Axis Capital, Jefferies, HSBC Securities, and SBI Capital Markets. The registrar for the issue is Link Intime India Private Limited.
About Belrise Industries
The promoters of Belrise Industries are Shrikant Shankar Badve, Supriya Shrikant Badve, and Sumedh Shrikant Badve.
Belrise provides safety-critical systems and engineering solutions for:
Two-wheelers
Three-wheelers
Four-wheelers
Commercial vehicles
Agricultural vehicles
Its product range includes:
Metal chassis systems
Polymer components
Suspension systems
Body-in-white parts
Exhaust systems
The company filed its draft IPO papers with SEBI in November 2024.
How Will the IPO Funds Be Used?
The proceeds from the IPO will be used for:
Repaying debt
General corporate purposes
IPO allocation:
50% for Qualified Institutional Buyers (QIBs)
35% for Retail Investors
15% for Non-Institutional Investors (NIIs)
Grey Market Premium (GMP)
According to investorgain.com, Belrise shares are currently trading at a GMP of ₹15.5, which is a 17.22% premium over the upper price band of ₹90.
Financial Performance
FY 2024 (April 2023 – March 2024):
Revenue: ₹7,484.21 crore
Net profit: ₹310.88 crore
April–December 2024:
Revenue: ₹6,013.43 crore
Net profit: ₹245.47 crore
Major Clients
Belrise supplies parts to many leading auto brands, including:
Bajaj Auto
Hero MotoCorp
Honda Motorcycle & Scooter India
Jaguar Land Rover
Royal Enfield
This IPO is expected to draw strong interest due to Belrise’s established client base and solid financials.
Investors looking to participate should review the full prospectus and consider the risks before investing.
