Belrise Industries IPO

Belrise Industries Ltd

₹14,110 /166 sharesMinimum Investment

Belrise Industries IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE₹90.00₹100.00₹10.00 (11.11%)

Belrise Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 May ‘25 - 23 May ‘25₹14,110166₹85 - ₹90
Issue SizeIPO Doc
2150.00Cr
RHP PDF

Subscription rate

As of 23 May'25, 04:00 PM
Qualified Institutional Buyers102.47x
Non-Institutional Investor38.12x
Retail Individual Investor3.99x
Total39.44x

About Belrise Industries

Belrise Industries Limited is an automotive component manufacturing company based in India. It produces a wide range of products, including metal chassis systems, polymer components, suspension systems, body-in-white components, exhaust systems, battery containers, and steering columns for two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agri-vehicles. In addition to its core operations, Belrise engages in overseas trading, focusing on commodities such as metals, lithium-ion batteries, and electronics. As of June 30, 2024, the company operates 15 manufacturing facilities across nine cities in eight Indian states and supplies products both domestically and to international markets, including Austria, Slovakia, the United Kingdom, Japan, and Thailand. It has also established strong relationships with 27 global original equipment manufacturers (OEMs), including Bajaj Auto, Hero MotoCorp, Honda Motorcycle & Scooter India, Jaguar Land Rover, and Royal Enfield.;
Founded in
1996
Managing director
Mr Shrikant Shankar Badve
Parent organisation
Belrise Industries Ltd
Belrise Industries Ltd IPO
https://www.youtube.com/watch?v=c5vP3_8HTdo

Strengths & Financials of Belrise Industries

Strengths
Risks
Belrise Industries claims to be a market leader in the high-growth field of precision sheet metal pressing and fabrication within the automotive component industry. As of FY24, the company holds a 24 percent market share in the Indian two-wheeler metal components sector. The company claims that this significant market presence, paired with a projected 11-13 percent compound annual growth rate (CAGR) growth in the two-wheeler metal products market over the next five years, positions it to capitalise on economies of scale and geographic diversification while mitigating customer and regional risks.
Belrise Industries claims to have a robust technology-enabled process engineering capability, integrating advanced features such as real-time tracking, modularity in operations, and centralised internet of things (IoT) monitoring across its manufacturing facilities. The company uses special-purpose machines for critical operations and deploys advanced robotics, including over 700 robots for fabrication and 450 press machines for stamping, ensuring low defect rates and high predictability in production. Additionally, the company claims that its implementation of mistake-proofing mechanisms like "pokayoke" enhances quality control and production efficiency.
Belrise Industries claims to have a product portfolio that is largely agnostic to powertrain types, allowing the company to cater to both electric vehicle (EV) and internal combustion engine (ICE) OEMs. The company claims that its revenue from EV-specific products grew at a CAGR of 24.60 percent between FY22 and FY24. It increased from Rs 152.57 crore in FY22 to Rs 236.88 crore in FY24.
The company claims to have vertically integrated manufacturing facilities, with capabilities spanning both backward and forward integration. This includes tool making, tube bending, press operations, system assembly, and coating and painting, which Belrise Industries claims help enhance value per product and reduce supplier dependence. With 15 facilities across nine cities, the company claims to manufacture over 1,000 distinct products, including chassis systems, exhaust systems, and suspensions. The company believes this strategic expansion not only enables cost savings but also supports its just-in-time inventory model, which ensures prompt deliveries and improves its agility in meeting OEM customers' needs.
The company has seen a consistent increase in revenue from operations. It increased from Rs 5,396.85 crore in FY22 to Rs 6,582.50 crore in FY23 and Rs 7,484.24 crore in FY24.

Belrise Industries Financials

*All values are in Rs. Cr
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Application Details of Belrise Industries IPO

Apply asPrice bandApply upto
Regular85 - 90₹2 Lakh
High Networth Individual85 - 90₹2 - 5 Lakh
For Belrise Industries IPO, eligible investors can apply as Regular.