Belrise Industries IPO Set to Launch on May 21; Aims to Raise ₹2,150 Crore

Belrise Industries, a prominent automotive component manufacturer, is poised to enter the capital markets with its Initial Public Offering (IPO) opening on May 21, 2025. The company has set a price band of ₹85–₹90 per share for this entirely fresh issue, aiming to raise ₹2,150 crore.

Key IPO Details of Belrise Industries

• IPO Opening Date: May 21, 2025
• IPO Closing Date: May 23, 2025
• Price Band: ₹85–₹90 per share
• Lot Size: 166 shares
• Minimum Investment: ₹14,940
• Issue Size: 23.89 crore equity shares (₹2,150 crore)
• Listing Date: May 28, 2025
• Exchanges: BSE and NSE
• Lead Managers: Axis Capital, HSBC Securities, Jefferies India, SBI Capital Markets

The IPO comprises a 100% fresh issue, with no Offer for Sale (OFS) component. Approximately ₹1,618 crore from the proceeds are earmarked for debt repayment, with the remainder allocated for general corporate purposes.

About Belrise Industries:

Established in 1996 and formerly known as Badve Engineering, Belrise Industries has evolved into a key supplier of automotive components, including chassis systems, suspension parts, and safety-critical assemblies. The company serves a diverse clientele, including Tata Motors, Bajaj Auto, Honda, Hero MotoCorp, and Jaguar Land Rover.

Belrise operates 17 manufacturing facilities across 10 Indian states and maintains a global presence in countries such as Austria, Slovakia, the UK, Japan, and Thailand.

Financial Performance:

• FY24 Revenue: ₹7,484.24 crore (13.7% YoY growth)
• FY24 Profit After Tax: ₹310.88 crore
• Debt-to-Equity Ratio: 0.97
• Return on Capital Employed (ROCE): 14.83%
• Return on Net Worth (RoNW): 13.33%

Strategic Developments:

In April 2025, Belrise announced the acquisition of H-One India, a move aimed at enhancing its capabilities in high-tensile steel components and body-in-white parts. This acquisition is expected to strengthen Belrise’s position as a key supplier in the Indian automotive market.

Investor Considerations:

Belrise Industries’ IPO presents an opportunity for investors interested in the automotive components sector, particularly with the company’s focus on electric vehicle (EV) components and global expansion. However, potential investors should consider the company’s moderate debt levels and the current market conditions before making investment decisions.