Belrise Industries IPO: ₹2,150 Crore Issue Opens on May 21, Price Band at ₹85-90 Per Share.

Market Performance

Belrise Industries is gearing up for its Initial Public Offering (IPO), with the public issue set to open on May 21, 2025, and close on May 23, 2025. The price band for the Belrise Industries IPO is set between ₹85 and ₹90 per share, with a face value of ₹5 per equity share.

• Floor price: 17x face value
• Cap price: 18x face value
• P/E ratio (FY24):
  • Lower band: 17.78x
  • Upper band: 18.83x
• Lot size: 166 shares and in multiples thereof

The allocation to anchor investors is scheduled for May 20, just a day before the issue opens.

Main News

The Belrise Industries IPO aims to raise a substantial ₹2,150 crore by issuing 23.88 crore equity shares. The IPO will follow the standard reservation pattern:

• 50% for Qualified Institutional Buyers (QIBs)
• 15% for Non-Institutional Investors (NIIs)
• 35% reserved for retail investors

Tentative post-issue events are:

• Basis of allotment: May 26
• Refunds initiation: May 27
• Credit of shares to demat: May 27
• Expected listing on BSE & NSE: May 28

The Belrise Industries IPO will be managed by a consortium of lead book runners, including Axis Capital, HSBC Securities, Jefferies India, and SBI Capital Markets. At the same time, Link Intime will act as the registrar.

Company Details

Belrise Industries Limited is India's leading automotive component manufacturer, known for supplying safety-critical systems and engineered solutions across the automotive spectrum. The company caters to two-wheelers, three-wheelers, four-wheelers, commercial vehicles, and agricultural vehicles.

Product Portfolio:

• Metal chassis systems
• Suspension systems
• Polymer components
• Body-in-white parts
• Exhaust systems
• Mirror systems

Clientele:

Belrise serves 27 global OEMs as of June 30, 2024, including top automotive brands such as:

• Bajaj Auto
• Honda
• Hero MotoCorp
• Jaguar Land Rover
• Royal Enfield
• VE Commercial Vehicles
• Tata Motors
• Mahindra & Mahindra

Manufacturing Footprint:

• 15 manufacturing plants
• Spread across nine cities in 8 Indian states

Financial Comparisons

While financial metrics like revenue and EBITDA weren't disclosed in the reference, Belrise Industries has benchmarked its valuations with major industry peers. Here's how it compares based on P/E ratios:

Summary

The Belrise Industries IPO is expected to attract strong investor interest, given its established market presence and wide OEM network. With a diversified product portfolio and nationwide manufacturing footprint, Belrise is well-positioned within the Indian automotive ecosystem.

The IPO, launching on May 21, provides a price band of ₹85-90 per share, and is a crucial event in the 2025 IPO calendar. Investors and market observers will be keeping a close watch the progress of this ₹2,150 crore issue as it heads for listing on May 28.