Bookbuilding IPO | ₹2,150 Cr | Listed at BSE, NSE | Wed, May 21, 2025 - Fri, May 23, 2025
Belrise Industries IPO is a book build issue of ₹2,150.00 crores. The issue is entirely a fresh issue of 23.89 crore shares of ₹2,150.00 crore.
Belrise Industries IPO bidding started from May 21, 2025 and ended on May 23, 2025. The allotment for Belrise Industries IPO was finalized on May 26, 2025. The shares got listed on BSE, NSE on May 28, 2025.
Belrise Industries IPO is set final issue price at ₹90 per share. The lot size for an application is 166. The minimum amount of investment required by an retail is ₹14,940 (166 shares) (based on upper price). The lot size investment for sNII is 14 lots (2,324 shares), amounting to ₹2,09,160, and for bNII , it is 67 lots (11,122 shares), amounting to ₹10,00,980.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Belrise Industries IPO RHP for detailed Information.
IPO Open
Wed, May 21, 2025
IPO Close
Fri, May 23, 2025
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹8,008.91 Cr
| IPO Date | 21 to 23 May, 2025 |
| Listed on | Wed, May 28, 2025 |
| Face Value | ₹5 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 166 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 23,88,88,888 shares (agg. up to ₹2,150 Cr) |
| Fresh Issue | 23,88,88,888 shares (agg. up to ₹2,150 Cr) |
| Share Holding Pre Issue | 65,09,90,304 shares |
| Share Holding Post Issue | 88,98,79,192 shares |
| BSE Script Code / NSE Symbol | 544405 / BELRISE |
| ISIN | INE894V01022 |
Belrise Industries IPO offers total 23,88,88,888 shares. Out of which 11,94,44,443 (50.00%) allocated to QIB, 4,77,77,778 (20.00%) allocated to QIB (Ex- Anchor), 3,58,33,334 (15.00%) allocated to NII 8,36,11,111 (35.00%) allocated to RII and 7,16,66,665 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 11,94,44,443 (50.00%) | NA |
| − Anchor Investor Shares Offered | 7,16,66,665 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 4,77,77,778 (20.00%) | NA |
| NII (HNI) Shares Offered | 3,58,33,334 (15.00%) | NA |
| − bNII > ₹10L | 2,38,88,889 (10.00%) | 10,279 |
| − sNII < ₹10L | 1,19,44,445 (5.00%) | 5,139 |
| Retail Shares Offered | 8,36,11,111 (35.00%) | 5,03,681 |
| Total Shares Offered | 23,88,88,888 (100.00%) |
Investors can bid for a minimum of 166 shares and in multiples thereof.
| Application | Lots | Shares | 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 |
Belrise Industries IPO raises ₹645.00 crore from anchor investors. Belrise Industries IPO Anchor bid date is May 20, 2025.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, May 20, 2025 |
| Shares Offered | 7,16,66,665 |
| Anchor Portion (₹ Cr.) | 645.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jun 25, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Aug 24, 2025 |
Incorporated in 1988, Belrise Industries Limited manufactures Automotive Sheet Metal and casting parts, Polymer components, Suspension, and mirror systems specifically for Two-Wheel, Three-Wheel, and Four-Wheel Passenger and Commercial vehicles.
The company is an automotive component manufacturing company in India offering a diverse range of safety critical systems.
Belrise Industries is a manufacturing company in India that offers a diverse range of safety-critical systems and other engineering solutions for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles.
The company's product portfolio includes metal chassis systems, polymer components, suspension systems, body-in-white components, and exhaust systems.
The company's customers include Bajaj, Honda, Hero, Jaguar Land Rover, Royal Enfield, VE Commercial Vehicles, Tata Motors, and Mahindra.
As of June 30, 2024, the company services a total of 27 OEMs globally. The company have established 15 manufacturing facilities across nine cities in eight states, as of June 30, 2024.
Competitive Strength:
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 6,587.69 | 6,041.65 | 5,679.15 | 5,196.07 |
| Total Income | 6,064.76 | 7,555.67 | 6,620.78 | 5,410.68 |
| Profit After Tax | 245.47 | 352.70 | 356.70 | 307.24 |
| NET Worth | 2,577.55 | 2,331.92 | 2,038.20 | 1,734.45 |
| Reserves and Surplus | 2,252.24 | 2,014.43 | 2,024.16 | 1,715.31 |
| Total Borrowing | 2,599.80 | 2,440.98 | 2,271.40 | 2,597.96 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment/pre-payment, in full or in part, of certain outstanding borrowings availed by the Company; and | 1,618.13 |
| 2 | General corporate purposes | 410.49 |
| KPI | Mar 31, 2024 |
|---|---|
| ROCE | 14.83% |
| Debt/Equity | 0.97 |
| RoNW | 13.33% |
| PAT Margin | 4.36% |
| Price to Book Value | 2.50 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 5.42 | 3.68 |
| P/E (x) | 16.61 | 24.47 |
| Promoter Holding | 99.81% | 73.01% |
| Market Cap | ₹8,008.91 Cr. |
The Belrise Industries IPO is subscribed 43.14 times on May 23, 2025 6:19:34 PM (Day 3). The public issue subscribed 4.52 times in the retail category, 112.63 times in the QIB category, and 40.58 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 112.63 | 4,77,77,779 | 5,38,14,12,734 |
| NII | 40.58 | 3,58,33,333 | 1,45,42,80,516 |
| bNII (bids above ₹10L) | 48.00 | 2,38,88,889 | 1,14,66,26,740 |
| sNII (bids below ₹10L) | 25.76 | 1,19,44,444 | 30,76,53,776 |
| Retail | 4.52 | 8,36,11,111 | 37,76,48,340 |
| Total | 43.14 | 16,72,22,223 | 7,21,33,41,590 |
Total Application : 25,34,694
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs and commissions (including underwriting commission, brokerage and selling commission) | 63.43 |
| 2 | Commission/processing fee for SCSBs, Bankers to the Issue and fee payable to the Sponsor Banks. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 7.78 |
| 3 | Fees payable to the Registrar to the Issue | 0.33 |
| 4 | Fees payable to other advisors to the Issue (including statutory auditors, industry expert and independent chartered accountant) | 12.44 |
| 5 | Listing fees, SEBI, BSE and NSE processing fees, book building software fees and other regulatory expenses; | 5.81 |
| 6 | Printing and stationery expenses; | 1.49 |
| 7 | Fees payable to legal counsel; | 8.26 |
| 8 | Advertising and marketing expenses; and | 4.06 |
| 9 | Miscellaneous. | 17.79 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹90.00 | ₹90.00 |
| Open | ₹98.50 | ₹100.00 |
| Low | ₹91.36 | ₹91.55 |
| High | ₹103.20 | ₹102.40 |
| Last Trade | ₹97.37 | ₹97.41 |
Lead Manager Reports
Belrise Industries IPO is a main-board IPO of 23,88,88,888 equity shares of the face value of ₹5 aggregating up to ₹2,150 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 166.
The IPO opens on Wed, May 21, 2025, and closes on Fri, May 23, 2025.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Belrise Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Belrise Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Belrise Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Belrise Industries IPO opens on Wed, May 21, 2025 and closes on Fri, May 23, 2025.
Belrise Industries IPO lot size is 166, and the minimum amount required for application is ₹14,940.
You can apply in Belrise Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Belrise Industries IPO will be done on Monday, May 26, 2025, and the allotted shares will be credited to your demat account by Tue, May 27, 2025. Check the Belrise Industries IPO allotment status.
The Belrise Industries IPO listing date is on Wed, May 28, 2025.
