Belrise Industries Limited has launched its highly anticipated Initial Public Offering (IPO) today, May 21, 2025. The automotive components giant has drawn attention from retail and institutional investors alike, driven by its robust financials, strategic product portfolio, and a promising outlook in the electric vehicle (EV) segment.
📅 IPO Key Dates
Event Date
IPO Open Date May 21, 2025
IPO Close Date May 23, 2025
Allotment Date (Tentative) May 24, 2025
Refund Initiation (Tentative) May 27, 2025
Credit to Demat (Tentative) May 27, 2025
Listing Date (Tentative) May 28, 2025
📝 Note: Final updates will be available post IPO closure via stock exchange websites and registrar portal (Link Intime India Pvt Ltd).
💰 IPO Price & Lot Size
Details Values
Price Band ₹88 to ₹90 per share
Face Value ₹1 per equity share
Retail Min Investment 160 shares (₹14,400 at ₹90)
Retail Max Investment 13 lots (2080 shares = ₹1.87L)
📌 Important: All investors should bid within the price band and lot size to qualify for allotment.
📊 IPO Issue Details
Total Issue Size: ₹2,150 crore
Type of Issue: 100% Fresh Issue
Equity Shares Offered: 23,88,88,889 shares (at upper price)
Exchange Listing: NSE and BSE
🔍 This capital will fund debt repayment and general corporate growth—potentially improving profit margins and gearing ratios.
💡 Use of IPO Proceeds
Purpose Amount (₹ crore)
Repayment/Prepayment of Debt ₹1,618 crore
General Corporate Purposes Remaining Balance
📈 Company Financials (FY24)
Here’s a snapshot of Belrise’s financial health:
Metric Value (FY24)
Revenue from Operations ₹2,429.23 crore
EBITDA ₹297.23 crore
Net Profit (PAT) ₹105.74 crore
Net Worth (as of Dec 2023) ₹655.45 crore
Total Borrowings ₹1,618 crore
🔼 Growth Metrics (FY22–FY24 CAGR)
Operational Revenue: 26.04%
EBITDA: 41.52%
Net Profit: 104.99%
📊 This kind of triple-digit profit CAGR makes Belrise stand out in a competitive automotive sector.
🧩 Business Overview
Belrise Industries is a key supplier to India’s booming auto industry.
🏭 Product Portfolio
Metal chassis systems, Polymer components, Suspension systems, Body-in-white components, Exhaust systems, Mirror systems
🌍 Market Presence
~24% market share in India’s two-wheeler metal component space (FY24)
17 manufacturing facilities across 10 cities in 9 Indian states
🚘 Clientele Highlights
Hero MotoCorp, Honda Motorcycle & Scooter India, Royal Enfield, Tata Motors, Mahindra, Jaguar Land Rover, Bajaj Auto.
♻️ Strategic Focus
Powertrain-agnostic products (suitable for both EV and ICE vehicles)
Increasing revenue from EV-specific components
💡 This positions Belrise well for the future of automotive mobility.
💹 Grey Market Premium (GMP) – As of May 21, 2025
GMP Range Listing Premium Estimate
₹10–₹15 ₹100–₹105 per share
📌 That’s an 11–17% potential premium over the ₹90 issue price, reflecting healthy investor demand.
🧠 Anchor Investors
Investor Name Status
BlackRock ✅
Capital Group ✅
M&G ✅
PineBridge ✅
Indian Mutual Funds ✅
Anchor Investment Raised: ₹645 crore
🔍 High-profile institutional participation builds confidence among retail investors.
📣 Analyst & Brokerage Views
Summary Verdict
Strong Fundamentals ✅
Market Leadership ✅
Debt Reduction → Profitability Upside ✅
Growth in EV-Compatible Products ✅
📢 Rating: Majority recommend “Subscribe” for long-term investors.
🎯 Belrise IPO Summary – At a Glance
[Infographic Layout Suggestion]
Belrise IPO Snapshot – May 2025
Left Side: Key Dates
Open Date: May 21
Close Date: May 23
Listing Date: May 28
Middle Block: Financials
Revenue: ₹2,429.23 Cr
Net Profit: ₹105.74 Cr
CAGR: PAT 104.99%
Right Side: Offer Details
Price Band: ₹88–₹90
Issue Size: ₹2,150 Cr
GMP: ₹10–15
Lot Size: 160 shares
📌 Where to Track Final IPO Data
Since the IPO is still open, final details like allotment and listing price are pending. Here’s where to check:
Subscription Status: Live updates on [NSE/BSE websites] and business news platforms
Allotment Status: Visit the registrar’s site – Link Intime India Pvt Ltd
Listing Price: On BSE and NSE post-listing (expected May 28)
✅ Final Thoughts: Should You Subscribe?
If you’re a retail or long-term investor seeking exposure to India’s auto and EV component growth story, Belrise Industries offers a compelling case.
✔ Reasons to Subscribe:
Strong financial growth and market position
Strategic focus on EV-compatible components
Use of proceeds to clear debt—boosting net profit margins
Support from top global anchor investors
Healthy GMP indicating market interest
⚠️ Caution: Always consider your risk appetite. IPOs can be volatile in the short term.
Source –
The Economic Times, Business Standard, Financial Express, Business Today
