Belrise Industries IPO vs Crizac IPO

Comparison between Belrise Industries IPO and Crizac IPO.

IPO Details

Belrise Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Crizac IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Belrise Industries IPO is up to ₹2,150.00 Cr whereas the issue size of the Crizac IPO is up to ₹860.00 Cr. The final issue price of Belrise Industries IPO is ₹90.00 per share and of Crizac IPO is ₹245.00 per share.

 Belrise Industries IPOCrizac IPO
Face Value₹5 per share₹2 per share
Issue Price (Lower)₹85.00 per share₹233.00 per share
Issue Price (Upper)₹90.00 per share₹245.00 per share
Issue Price (Final)₹90.00 per share₹245.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)
Market Lot Size166 shares61 shares
Fresh Issue Size23,88,88,888 shares0 shares
Fresh Issue Size (Amount)up to ₹2,150.00 Crup to ₹0.00 Cr
OFS Issue Size0 shares3,51,02,040 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹860.00 Cr
Issue Size Total23,88,88,888 shares3,51,02,040 shares
Issue Size Total (Amount)up to ₹2,150.00 Crup to ₹860.00 Cr

IPO Timetable

Belrise Industries IPO opens on May 21, 2025, while Crizac IPO opens on Jul 02, 2025. The closing date of Belrise Industries IPO and Crizac IPO is May 23, 2025, and Jul 04, 2025, respectively.

 Belrise Industries IPOCrizac IPO
Anchor Bid DateMay 20, 2025Jul 01, 2025
Issue OpenMay 21, 2025Jul 02, 2025
Issue CloseMay 23, 2025Jul 04, 2025
Basis Of Allotment (Tentative)May 26, 2025Jul 07, 2025
Initiation of Refunds (Tentative)May 27, 2025Jul 08, 2025
Credit of Share (Tentative)May 27, 2025Jul 08, 2025
Listing date (Tentative)May 28, 2025Jul 09, 2025
Anchor Lockin End date 1Jun 25, 2025Aug 05, 2025
Anchor Lockin End date 2Aug 24, 2025Oct 04, 2025

Financials & KPIs

Belrise Industries IPO P/E ratio is 16.61, as compared to Crizac IPO P/E ratio of 28.03.

 Belrise Industries IPOCrizac IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets6,587.696,041.655,679.155,196.07
Total Income6,064.767,555.676,620.785,410.68
Profit After Tax245.47352.70356.70307.24
NET Worth2,577.552,331.922,038.201,734.45
Reserves and Surplus2,252.242,014.432,024.161,715.31
Total Borrowing2,599.802,440.982,271.402,597.96
Amount in ₹ Crore

Company Financials (Proforma Consolidated)

Crizac Ltd.'s revenue increased by 16% and profit after tax (PAT) rose by 29% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets879.62592.91304.99
Total Income884.78763.44517.85
Profit After Tax152.93118.90112.14
EBITDA212.8272.64107.29
NET Worth505.71341.81221.37
Total Borrowing0.080.080.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.81100
Promoter Shareholding (Post-Issue)73.0179.94
P/E Ratio16.6128.03
Market Cap₹8008.91 Cr.₹4287.07 Cr.
ROE30.24%
ROCE14.83%40.03%
Debt/Equity0.97
EPS₹5.42₹8.74
RoNW13.33%30.24%

Shares Offered

In the Belrise Industries IPO Retail Individual Investors (RII) are offered 8,36,11,111 shares while in Crizac IPO retail investors are offered 8,36,11,111 shares. Qualified Institutional Buyers (QIB) are offered 4,77,77,778 shares in Belrise Industries IPO and 70,20,407 shares in Crizac IPO.

 Belrise Industries IPOCrizac IPO
Anchor Investor Reservation7,16,66,665 shares1,05,30,612 shares
Market Maker Reservation0 shares0 shares
QIB4,77,77,778 shares70,20,407 shares
NII3,58,33,334 shares52,65,306 shares
RII8,36,11,111 shares1,22,85,714 shares
Employee0 shares
Others
Total23,88,88,888 shares3,51,02,040 shares

Bids Received (Subscription)

Belrise Industries IPO subscribed 43.14x in total, whereas Crizac IPO subscribed 62.89x.

 Belrise Industries IPOCrizac IPO
QIB (times)112.63x141.27x
NII (times)40.58x80.07x
Big NII (times)48.00x92.95x
Small NII (times)25.76x54.32x
RII (times)4.52x10.74x
Employee (times)
Other (times)
Total (times)43.14x62.89x

Compare with others

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Belrise Industries IPO Vs Crizac IPO